Market Size of France Food Preservatives Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 2.80 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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France Food Preservatives Market Analysis
The France food preservatives market is projected to grow at a CAGR of 2.8% during the forecast period 2020 - 2025.
- The market is majorly driven by its extensive application in all food and beverage industries due to its functional property to prevent spoilage and decomposition which takes place in food products due to microbial reactions. Also, the growing demand for convenience foods and longer shelf life for processed foods are further boosting the use of preservatives in such prolonged shelf life processed food products. Furthermore, increasing exports of perishable products such as meat, poultry, and seafood from the country, contributes to the growing demand for food preservatives.
- However, factors such as the higher cost of natural preservatives, and the rising consumer awareness on the side effects of synthetic preservatives are restraining the growth of the food preservatives market.