Thumbnail

AUSTRALIA FOOD PRESERVATIVES MARKET-GROWTH, TRENDS AND FORECAST (2020 - 2025)

Looking to buy the report?

Food additives are used to enhance the taste, texture, color while maintain the nutritional content in foods. Food preservatives are a growing segment in the food additives market as they are used to prevent spoilage and decomposition which takes place in food products due to microbial reactions. The Food preservatives market is expected to reach  USD 3 billion by 2022 with an estimated CAGR of 3.5%.

Australia has stringent regulations in preservativesit has banned BHT and does not permit it to be used in any human food. Australia has also banned the use of BHA.

The preservatives market is largely driven by demand for convenience and packaged foods by the burgeoning population and rising urbanization rates. However, the major constraint is the increased awareness on the ill effects of synthetic ingredients and growing consumer demand for fresh and natural foods. Companies are seeing this as an opportunity to innovate and provide solutions in the in the form of natural and functional ingredients. 

Food preservatives are classified as natural and chemical preservatives, with chemical preservatives currently accounting for a large market share. Preservatives are used in foods such as oil & fat, bakery & Confectionary, Fruits and Vegetables, dairy & frozen products, meat, poultry & seafood, savory snacks, and beverages. Region wise, North America forms the largest segment, with US region dominating the market. The estimated CAGR for the North American region is 2.7%. This is followed by Asia pacific market which is the fastest growing segment due to growing preference for packaged and processed foods. 

The major players in the market are Brenntag, PuracBiochem, Cargill and Kerry group. The strategies used by companies is the increase in Research and Development expenditure to innovate products under the natural preservatives segment to meet the growing consumer preference.

In this report we offer, 

1 Market Definition for the specified topicalong with,identification of key drivers and restraints for the market.
2 Market analysis for the Australia Food Preservatives Market, with region specific assessments and competition analysis on a global and regional  scale.
3 Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional  scale.
4 Extensively researched competitive landscape section with profiles of major companies along with their share of markets. 
5 Identification and analysis of the Macro and Micro factors that affect the Australia Food Preservatives Market on both global and regional scale.
6 A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information. 

Why should you buy this report?

1 For getting a comprehensive overview of the Australia Food Preservatives  Market.
2 To gain wide ranging information about the major players in this industry and the strategies adopted by them. 
3 To gain an insight about the major countries/regions in which this industry is blooming and also identify the regions which are untapped.

 

Looking to buy the report?

Want some specific customizations?

Our clients include:

prev-arrow
next-arrow

Looking to Customize Report?

Please Enter Email ID

Please Enter Message