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The Asia-Pacific Food Preservatives Market is segmented by Type (Natural and Synthetic), Application (Bakery, Dairy and Frozen Products, Confectionery, Meat, Poultry and Seafood, Beverages, Sauces and Salad Mixes, and Other Applications), and Geography.
The Asia-Pacific food preservatives market is projected to record a CAGR of 3.6% during the forecast period.
The Asia-Pacific food preservatives market is segmented by type into natural and synthetic. Based on application, the market is segmented into bakery, dairy and frozen products, confectionery, meat, poultry and seafood, beverages, sauces and salad mixes, and other applications. The study involves the analysis of regional markets of China, Japan, India, Australia, and Rest of Asia-Pacific.
|Dairy and Frozen Products|
|Meat, Poultry and Seafood|
|Sauces and Salad Mixes|
|Rest of Asia-Pacific|
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Food consumption patterns in China have changed significantly with improved standards of living. More consumers are exposed to a greater diversity of consumer products and hectic lifestyles and changing eating habits have propelled the Chinese population to opt for convenience foods, in turn, driving the market for preservatives as manufacturers are using food preservatives, to enhance the shelf life of the food products. Rising environmental consciousness and safety concerns are driving Chinese consumers to increasingly prefer natural food additives to synthetic ones. Therefore, global companies are coming up with novel food products by replacing synthetic preservatives with natural preservatives.
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The booming beverage industry is majorly uplifting the consumption of ingredients, including preservatives, which is most likely to foster market growth. The properties of drinks, such as high-water activity, demand the irreplaceable use of preservatives in the beverage industry, which is to avoid the change in taste, the color, and bitter aftertaste. Moreover, with the rise in the demand for functional beverages, the market for natural preservatives is gaining momentum. Manufacturers are embracing innovation for gaining dominance in the market by incorporating the organically sourced preservatives in the product formulation.
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The Asia-Pacific food preservatives market is fragmented with the presence of global and local players. Companies are focusing on meeting consumer demands through product innovations, expansions, and mergers and acquisitions. The key players in the market are Cargill, Incorporated, Kerry Group, Koninklijke DSM NV, and DuPont.
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
3.1 Market Overview
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.2.2 Dairy and Frozen Products
5.2.4 Meat, Poultry and Seafood
5.2.6 Sauces and Salad Mixes
5.2.7 Other Applications
5.3.5 Rest of Asia-Pacific
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Cargill, Incorporated
6.3.2 Kerry Group
6.3.3 Koninklijke DSM NV
6.3.5 Jungbunzlauer Suisse AG
6.3.6 Archer Daniels Midland Company
6.3.7 Corbion NV
6.3.8 JEY'S F.I. Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS