Market Size of China Food Preservatives Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 4.76 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
China Food Preservatives Market Analysis
China Food Preservatives Market is projected to witness a CAGR of 4.76% in the forecast period (2020-2025).
- 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 be the fastest in China, mainly attributed to China accounting for a major share in the food processing industry.
- Preservatives are used in foods such as oil & fat, bakery & Confectionary, Fruits and Vegetables, dairy & frozen products, meat, poultry & seafood, savory snacks, and beverages. The Asia Pacific is the second-largest market and the fastest-growing segment due to growing preference for packaged and processed foods.