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Food Preservatives Market - Growth, Trends and Forecasts (2020 - 2025)
Global food preservatives market is segmented by Type into natural and synthetic; by Application into beverage, dairy & frozen product, bakery, meat, poultry & seafood, confectionery, sauces & salad mixes, and others & by Geography
- ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
- TABLE OF CONTENTS
Market Snapshot
Study Period:
2016-2025
Base Year:
2019
Fastest Growing Market:
Asia Pacific
Largest Market:
North America
CAGR:
3.7 %
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Market Overview
The global food preservatives market is forecasted to grow with a CAGR of 3.7% during the forecast period (2020 - 2025).
- The market is driven by the increasing demand for clean label solutions, rising consumption of processed and packaged food, and complexity in the supply chain in the food industry. The increasing penetration in the organized retail sector is likely to drive the food preservative market, particularly in emerging markets.
- The major restraints for the market include the higher cost of natural preservatives (which are in higher demand) and consumer awareness of the side effects of synthetic preservatives.
IMPACT OF COVID-19 ON THE MARKET
- The COVID-19 outbreak has led to elevated sales of retail and long-shelf products across the global market pertaining to restrictions on going out. Hence, major population across the world engaged into stock piling of groceries, and packaged food products for their households. This eventually had a positive impact on the industrial demand of food preservatives for a mid-term. The major application segments which witnessed elongated demand during pandemic period were bakery, frozen foods, snacks, and others. Also, an influx was witnessed in the consumer demand for Ready-to-Eat (RTE) meals which created equal opportunities for food preservative manufacturers in the recent term.
Scope of the Report
The global food preservatives market offers a variety of preservatives including natural and synthetic type applicable to beverage, dairy & frozen product, bakery, meat, poultry & seafood, confectionery, sauces & salad mixes, and other industries. The study also covers a global level analysis for the major regions namely, North America, Europe, Asia-Pacific, South America, and the Middle East and Africa
| By Type | |
| Natural | |
| Synthetic |
| By Application | |
| Beverage | |
| Dairy & Frozen Product | |
| Bakery | |
| Meat, Poultry & Seafood | |
| Confectionery | |
| Sauces and Salad Mixes | |
| Others |
| By Geography | |||||||||
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Key Market Trends
Rising Demand for Functional 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 is to avoid the change in taste, color, and bitter aftertaste. Moreover, with the rise in demand for functional beverages, the market for natural preservatives is gaining momentum. Manufacturers are embracing innovation for gaining a position in the market by incorporating organically sourced preservatives in the product formulation. Key players such as Cargill, Incorporated offers a range of natural preservatives to cater to the growing demand.
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North America Holds the Maximum Revenue Contribution in the Market
The rising demand for convenience and processed food is propelling the manufacturers to use food preservatives, to enhance the shelf life of the food products. Moreover, North America is a major exporter of fruits, thus increasing the demand for preservatives. Awareness related to several risks associated with chemical preservatives has driven the market for natural preservatives. North America has highly regulated policies with respect to the commercialization of food products and ingredients. Such regulations have offered lucrative growth opportunities for manufacturers to introduce novel preservatives with minimum or no side-effects on human health. The companies, as a part of their strategy, are spending significant amounts in developing techniques to produce preservatives using more natural ingredients rather than synthetic inputs.
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Competitive Landscape
The global food preservatives market is highly fragmented and dominated by several small players. The most active companies globally are Cargill, DuPont, ADM, Corbion, and BASF. These players have a strong position in the fast-growth natural preservatives and clean label categories, benefiting from greater usage of these preservatives in food and beverages generally. The strategy of developing new products and partnerships with local players helps to increase the company’s footprint in the foreign country and release new products according to the consumers’ changing preferences.
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Table Of Contents
1. INTRODUCTION
1.1 Study Deliverables and Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Natural
5.1.2 Synthetic
5.2 By Application
5.2.1 Beverage
5.2.2 Dairy & Frozen Product
5.2.3 Bakery
5.2.4 Meat, Poultry & Seafood
5.2.5 Confectionery
5.2.6 Sauces and Salad Mixes
5.2.7 Others
5.3 By Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 Spain
5.3.2.2 United Kingdom
5.3.2.3 Germany
5.3.2.4 France
5.3.2.5 Italy
5.3.2.6 Russia
5.3.2.7 Rest of Europe
5.3.3 Asia Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East and Africa
5.3.5.1 South Africa
5.3.5.2 United Arab Emirates
5.3.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Cargill, Incorporated
6.4.2 Kerry Inc.
6.4.3 Koninklijke DSM N.V.
6.4.4 DuPont
6.4.5 Jungbunzlauer Suisse AG, Basel
6.4.6 Corbion N.V.
6.4.7 Albemarle Corporation
6.4.8 BASF SE
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
*List Not Exhaustive
** Subject to Availability
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