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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. Preservatives help to preserve essential food characteristics such as texture, flavor, edibility, and nutrition while also reducing waste due to spoilage. Factors such as sedentary and hectic lifestyles, combined with rising health concerns, create a demand for convenience foods that can be stored for a longer period of time, motivating food processors to use preservatives and reduce food loss and wastage. The global food preservatives market is also segmented by type, application, and function, allowing for 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 were projected to maintain their dominance during the forecast period between 2017 and 2025 due to the increasing consumption of meat, seafood, and bakery and confectionery products, which has resulted in high demand for synthetic food preservatives.

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

In the global food preservatives market by application in 2016, meat, poultry, and seafood accounted for the largest share in terms of value. The bakery products segment is estimated to have accounted for 19.0% of the market's value in 2017 and is expected to decline to 19.4% by 2027, owing to a preference for baked foods, which require a 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, bread, 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 and 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 a 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 beverage industries, players are focusing on offering more innovative and customized products and also employing various strategies such as new product and technology development, mergers and acquisitions, joint ventures, expansion, and so on. In recent years, many acquisitions have been traced within the food preservative industry, and hence, they are considered 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.

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

  • Natural
  • Synthetic

Synthetic preservatives accounted for the largest value share in 2016. Manufacturers are motivated to use food preservatives to increase the sustainability of food and beverages due to increasing preference for food products with longer shelf lives, rising meat, and seafood consumption, and a higher demand for ready-to-eat food, which in turn fuels the market growth of food preservatives. Rising consumer awareness and demand for natural food products, increasing health concerns, and technological advances in food production are expected to support and sustain the growth of the natural food preservatives market. The natural preservatives segment is anticipated to account for more than 36% of the market share in 2017 and is expected to show robust growth during the forecast period.

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

  • Oils and fats
  • Bakery
  • Dairy and Frozen Products
  • Snacks
  • Meat, poultry, and seafood
  • Confectionery
  • Beverages

In terms of market value, the meat, poultry, and seafood application segment is estimated to have accounted for 24% of the market share in 2017 and is expected to maintain its dominance throughout the forecasted period. Increasing demand for food preservatives from the application industry, especially from meat products, poultry, and fish products, and bakery products, which include toppings for pastries, bread, and fillings, is expected to drive preservatives' growth over the forecast period. Factors such as the growing economy and rising disposable income in Asia-Pacific are leading to increased consumption of meat, which has resulted in large-scale consumption of preservatives in the region. Due to slow sales, the bakery products segment has the second-largest application share, owing to consumers' preference for baked foods, which require a high volume of preservatives to extend their shelf-life.

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

  • Antimicrobials
  • Antioxidants
  • Others

Antimicrobial preservatives currently dominate the global food preservatives market by function, accounting for approximately 46% of the 2017 value share. Antimicrobial preservatives are projected to witness a CAGR of 3.0% between 2017 and 2025, which is slower than antioxidant preservatives. Antioxidant preservatives are expected to grow at the fastest rate, with a CAGR of 3.5% between 2017 and 2025. This growth of antioxidant preservatives can be attributed to an increasing preference for functional preservatives, which serve the dual purpose of preserving food and providing nutritional benefits to the body, which helps improve human health. Food preservatives are also used as chelating agents and enzyme attackers, which is included in their other functions.

On the basis of geography, the global food preservatives market is segmented into the 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 and Africa

  • Saudi Arabia
  • Rest of the Middle East and Africa

North America is estimated to account for the largest value share in 2017. Increasing demand for packaged foods, canned foods, products with extended shelf-life, and poultry products, coupled with high purchasing power in the U.S., is driving demand for food preservatives in the North American region. Further, the popularity of ready-to-drink and ready-to-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 the second-highest value share of approximately 28% in 2016 and is also expected to register the fastest growth between 2017 and 2025.

Increasing demand for food products such as non-seasonal fruits and vegetables, frozen food products, seafood 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 for food preservatives is mainly driven by economies such as China, Japan, and India in the Asia-Pacific region.

Frequently Asked Questions:

The market for Food Preservatives Market is expected to reach US$ XX Mn By 2025.

The Food Preservatives Market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted from 2017-2025.

The base year of this report is 2016.

Akzo Nobel N.V. (Netherlands), Univar Inc. (U.S.), Cargill, Incorporated (U.S.), Danisco A/S (Denmark), and Koninklijke DSM N.V. (Netherlands) are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Nov 2017
Category:  Food & Beverage
Report ID:   58816
Report Format:   PDF
Pages:   120
Rating:    4.8 (80)
Delivery Time: 24 Hours to 48 Hours   
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