The market crossed US$ 4.06 billion mark in 2022 and is expected to hit US$ 5.73 billion by 2030, recording a CAGR of 4.4 during the forecast period.
The Food Preservatives Market research report by Business Market Insights includes Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years. This study provides information about the sales and revenue during the historic and forecasted period of 2022 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the Food Preservatives market growth.
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Key Players:
- Cargill, Incorporated
- Kemin Industries, Inc.
- ADM
- Tate & Lyle plc
- DSM
Growing demand for antimicrobial agents in food preservatives surging the growth of the food preservatives market.
Antimicrobial agents are extensively used in baked goods, frozen desserts, snacks, and beverages. Antimicrobial food preservatives are popular due to their extended shelf-life properties, improved product safety and quality, and ease of distributing products worldwide through a complex supply chain. Moreover, synthetic food preservatives are taken over by natural food preservatives which further propel the food preservatives market growth.
In this report, the market has been segmented on the basis of:
- Type:
- Natural
- Synthetic
- Application
- Meat, Poultry, and Seafood
- Bakery & Confectionery
- Dairy & Frozen Desserts
- Beverages
- Snacks
- Others
- Region
- North America
- Europe
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
The growing demand for convenience foods and increasing awareness about the medicinal properties of food preservatives augment the growth of the food preservatives market.
Since the COVID 19 pandemic, consumers have been shifting towards the adoption of healthy nutrient intake. Also, the increased knowledge regarding the nutrients in their food and beverages and the benefits associated with the ingredients drive the demand for food preservatives. Moreover, the busy schedules and emerging countries such as India, Brazil, and Indonesia demand convenience foods with additional natural preservatives. Moreover, the manufacturers are focusing on developing new products to cater to the consumers’ demand. These are all factors driving the market’s growth. In addition, the increased consumption of meat, poultry, and seafood to maintain health, the need for food preservatives for such products has increased.
Within the report, the market is segmented into type, application, and geography. By type, the market is further segmented into natural, and synthetic. On the basis of application, the market is segmented into meat, poultry, and seafood, bakery & confectionery, dairy & frozen desserts, beverages, snacks, and others. Geographically, the market is subsegmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
Companies Profiled in this report includes:
The report offers in-depth assessment of the growth and other aspects of the Food Preservatives market in important regions. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2022 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.
Food Preservatives Market: Competitive Landscape
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, during the forecast period of 2022 to 2030.
Major Key Points of Food Preservatives Market
- Food Preservatives Market Overview
- Food Preservatives Market Competition
- Food Preservatives Market, Revenue and Price Trend
- Food Preservatives Market Analysis by Application
- Company Profiles and Key Figures in Food Preservatives Market
- Market Dynamics
- Methodology and Data Source
Leading market players and manufacturers are studied to help give a brief idea about them in the report. The challenges faced by them and the reasons they are on that position is explained to help make a well-informed decision. Competitive landscape Food Preservatives market is given presenting detailed insights into the company profiles, developments, merges, acquisitions, economic status and best SWOT analysis.
NOTE: Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 analysis of markets and industries. Cordially get in touch for more details.
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