Food Preservatives Market By Type (Natural, Synthetic), By Application (Oils & Fats, Bakery, Dairy & Frozen Products, Snacks, Meat, Poultry & Seafood, Confectionery, Beverages), By Function (Antimicrobials, Antioxidants) - Growth, Future Prospects, And Competitive Analysis, 2017 -2025

Food preservatives are added to the products during processing to avoid spoilage. Traditionally, salt and spices were used to preserve meat and other foods. The preservatives help in maintaining the essential food features such as texture, flavor, edibility and nutrition and reduce wastage through spoilage. Factors such as hectic and sedentary lifestyles coupled with rising health issues resulting in demand for convenience foods which are easy to store for longer time motivating the food processors to use preservatives and to reduce food loss and wastage. The global food preservatives market is also segmented by type, application and function, allowing more precise real-time food preservatives market status and actual development opportunities in the near future.

In 2016, synthetic food preservatives dominated the global food preservatives market, by type in terms of value and projected to maintain its dominance during the forecast period between 2017 and 2025, due to increasing consumption of meat, seafood and bakery and confectionery products has resulted in high demand for synthetic food preservatives.

By function, antimicrobial accounted for the largest share in the global market, representing approximately 50% share in 2016 in terms of revenue. Antimicrobial function is followed by the antioxidants in terms of market share, however, it is projected to witness the fastest CAGR during the forecast period in this category. The growth for antioxidant preservatives is due to increasing preference for functional preservatives which serves the dual purpose of preserving food products and are also beneficial to health.

Global food preservatives market by application, in 2016, meat, poultry & seafood accounted for the largest share in terms of value. The Bakery products segment is estimated to account for 19.0% value share in 2017 and expected to decline and reach 19.4% value share by 2027, due to inclination towards baked foods which need high volume of preservatives, due to slow sales. Increasing usage of Food Preservatives, especially in meat products, poultry and fish products and bakery products such as pastries, breads, toppings and fillings is expected to drive preservatives growth over the forecast period.

In 2016, North America was the leading region in the food preservatives market followed by Asia-Pacific & Europe. Asia-Pacific is projected to witness the fastest growth between 2017 and 2025. Increasing usage of food preservatives, especially in meat, poultry and fish products, along with growing economy and rising disposable income in countries such as China, India and Japan is expected to drive preservatives growth over the forecast period.

With the rise in the use of preservatives in the food and beverages industries players are focusing on offering more innovative and customized products and also employing various strategies such as new product and development, mergers and acquisitions, joint ventures, expansion and so on. In recent years, many acquisition have been traced within the food preservative industry, and hence, considered as the most preferred strategies. Some of the key players present in this market are Akzo Nobel N.V. (Netherlands), Univar Inc. (U.S.), Cargill, Incorporated (U.S.), Danisco A/S (Denmark), and Koninklijke DSM N.V (Netherlands) among others.

Food Preservatives Market

For the purpose of this study, the global food preservatives market by function is categorized into:

  • Antimicrobials
  • Antioxidants
  • Others

The global food preservatives market by function is currently dominated by the antimicrobial preservatives, estimated to accounts for approximately 46% value share in 2017. Antimicrobial preservatives is projected to witness the CAGR of 3.0% between 2017-2025, which is slower than antioxidant preservatives. Antioxidant preservatives is expected to register the highest CAGR of 3.5% between 2017-2025. This growth of antioxidant preservatives can be attributed to increasing preference for functional preservatives which serves dual purpose of preserving food and providing nutritional benefit to the body which helps to improve human health. Food preservatives are also used as chelating agents and enzymes attackers, which is included in the others function.

Food Preservatives Market

On the basis of geography, the global food preservatives market is segmented as per following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • France
    • Germany
    • Italy
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • Australia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • Saudi Arabia
    • Rest of Middle East & Africa

North America is estimated to accounts for largest value share in 2017. Increasing demand for packaged food, canned foods, product with extended shelf-life and poultry products coupled with high purchasing power in the U.S. is driving demand for food preservatives in North America region. Further, popularity of ready to drink/cook products, seafood, and quick meals among consumers is also contributing to the growth of food preservatives in the region. The market in Asia-Pacific accounted for second highest value share of approximately 28% in 2016 and is also expected to register the fastest growth between 2017 and 2025. Increasing demand of food products such as non-seasonal fruits and vegetables, frozen food products, sea food from South East Asian countries and booming consumption of bakery products, coupled with growing disposable income, and stable economic growth in the region is expected to drive demand for food preservatives in the region. Demand of food preservatives is mainly driven by economies such as China, Japan and India in Asia-Pacific.

Food Preservatives Market

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Published Date:  Nov 2017
Category:  Food & Beverage
Report ID:   58816
Report Format:   PDF
Pages:   120
Rating:    4.3 (50)
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