Market Snapshot
| Study Period: | 2016 - 2026 |
| Base Year: | 2020 |
| CAGR: | 3.6 % |
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Market Overview
The Asia-Pacific food preservatives market is projected to record a CAGR of 3.6% during the forecast period.
- This growth for natural preservative is supported by the key driver, which is mainly spurred by the rising health-conscious population, coupled with increasing concerns over quality and safety standards
- The market is driven by factors, such as high demand for food products with prolonged shelf-life, a rise in the demand for convenience foods, and the use of natural food preservatives for meat and poultry products.
- Food manufacturers face restraint in the natural preservative category, as it is proving to be a challenge to maintain the desired color, flavor, shelf life, and mouthfeel while addressing food safety and security concerns.
Scope of the report
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.
| Type | |
| Natural | |
| Synthetic |
| Application | |
| Bakery | |
| Dairy and Frozen Products | |
| Confectionery | |
| Meat, Poultry and Seafood | |
| Beverages | |
| Sauces and Salad Mixes | |
| Other Applications |
| Geography | |
| China | |
| India | |
| Japan | |
| Australia | |
| Rest of Asia-Pacific |
Key Market Trends
China Dominates the Market
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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Increased Utilization in Beverages
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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Competitive Landscape
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.
Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions and Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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3.1 Market Overview
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Bargaining Power of Suppliers
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Threat of New Entrants
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Natural
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5.1.2 Synthetic
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5.2 Application
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5.2.1 Bakery
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5.2.2 Dairy and Frozen Products
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5.2.3 Confectionery
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5.2.4 Meat, Poultry and Seafood
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5.2.5 Beverages
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5.2.6 Sauces and Salad Mixes
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5.2.7 Other Applications
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5.3 Geography
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5.3.1 China
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5.3.2 India
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5.3.3 Japan
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5.3.4 Australia
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5.3.5 Rest of Asia-Pacific
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 Cargill, Incorporated
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6.3.2 Kerry Group
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6.3.3 Koninklijke DSM NV
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6.3.4 DuPont
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6.3.5 Jungbunzlauer Suisse AG
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6.3.6 Archer Daniels Midland Company
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6.3.7 Corbion NV
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6.3.8 JEY'S F.I. Inc.
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Asia-Pacific Food Preservatives Market market is studied from 2016 - 2026.
What is the growth rate of Asia-Pacific Food Preservatives Market?
The Asia-Pacific Food Preservatives Market is growing at a CAGR of 3.6% over the next 5 years.
Who are the key players in Asia-Pacific Food Preservatives Market?
Cargill, Incorporated, Kerry Group, Koninklijke DSM N.V., DuPont, Archer Daniels Midland Company are the major companies operating in Asia-Pacific Food Preservatives Market.
