The Europe Food Preservatives Market was worth US$ xx million in 2022, and it is estimated that it will reach a valuation of US$ xx million by 2028 with an annual development rate of xx% between 2023 and 2028.
Food preservatives are substances that are added to food to keep it safe and fresh for longer, and sugar, salt, and spices are traditionally used to preserve meat and other food products. The need for preservatives is increasing the demand for food additives and ingredients that limit the growth of bacteria, fungi, and other microbes. This is a major growth engine for the Europe food preservatives market. These preservatives help extend shelf life and protect the natural properties of food.
The growing preference of consumers for ready-to-eat or prepared foods is driving the Europe market for food preservatives.
The growth of the Europe Market for food preservatives is largely driven by the increasing demand for foods with a long shelf life. High demand for processed foods and growing awareness of food safety lead the Europe market for food preservatives today. In addition, the expansion of distribution channels and the growing demand for natural and organic foods are some of the other factors that contribute to the growth of the market. Healthy eating trends and a preference for quality foods are increasing the demand for food preservatives around the region. Along with this, the demand for food preservatives is expected to increase as the shelf life of a variety of perishable foods needs to be increased and made safe and hygienic for combustion. The increasing availability of convenience products such as frozen foods and ready-to-eat dry goods around the Europe region has given a boost to market growth. The global market for food preservatives is driven primarily by higher consumption of prepared foods and an increase in demand for organic foods. The nature of food supply and the increasing complexity of the food supply chain have led to an increase in demand for the products and technologies needed to extend the shelf life of food products, resulting in increased demand for food preservatives. The growing demand for these foods is expected to be a major driver of the Europe food preservatives market. The increasing complexity of the food supply chain primarily drives the growth of the Europe food preservatives market. The need for natural and synthetic preservatives is increasing the demand for food additives and ingredients that inhibit the growth of bacteria, fungi and microbes.
The food and beverage processing industry has been shaped primarily by consumer preferences for safe and hygienic food. In this process, the market for food preservatives has grown as the demand for packaged foods and prepared foods has increased, as well as preserving the natural properties of foods by extending shelf life and improving color, taste and flavor. Along with high purchase rates, consumer lifestyle changes will drive market demand for food preservatives in Europe. Preservatives, including benzoate, are used to increase the shelf life of foods, minimizing the risk of spoilage due to antifungal properties. New trends are emerging in the market to protect value and keep it profitable, where various manufacturing units pursue HPP, a technology that processes products without heat. An additional advantage of this method is that it preserves its nutritional value and allows you to eat safely. Benzoate is a sweet white, water soluble compound that is naturally derived from apples and plums. Rapid urbanization, coupled with high consumer disposable incomes, has driven demand for packaged goods, including frozen foods and desserts, stimulating market demand for food preservatives. As consumer awareness of health increases, factors such as side effects associated with synthetic food preservatives are expected to drive demand for natural strains.
Market growth is likely to be hampered to some extent as the number of chemicals that are not recommended increases due to strict government regulations and the decay-causing effects of food additives used as preservatives. Health-related threats associated with food preservatives may limit the growth of the Europe food preservatives market during the forecast period.
The impact of the COVID-19 crisis was notable in the food preservative market. In an optimistic scenario, revenue from the food preservatives market is expected to slow during the first and second quarters of 2020 and to recover in the third quarter. In a stochastic scenario, the market is expected to remain stagnant during the third quarter due to the domino effect of COVID-19.
By type, the Europe food preservatives market is segmented into natural and synthetic. Natural preservatives occur naturally with good preservative properties such as salt, sugar, alcohol, and vinegar that are used to make juices, jams, and pickles. Sulfite, benzoate, sorbate, and propionate are several common types of synthetic preservatives used in the food preservation process. Because of their low cost, versatility, and richness, chemical preservatives are estimated to have a dominant market share. However, increased consumer resistance and its impact on human health are one of the main reasons leading to the rapid growth of natural preservatives.
By application, the Europe food preservative market includes beverage, dairy and frozen, poultry and seafood, meat, and bakery. Meat, poultry and seafood products accounted for the largest share of the food preservative market in 2018. Preservatives are added to meat, fish and veal to remove toxins and preserve them for a long time.
Geographically the Europe Food Preservatives Market is segmented into UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe. Food preservatives still dominate the market share for household preservatives, but the market is seeing an increase in demand for natural preservatives. On the other hand, in food antimicrobial agents, lactic acid has a prominent share in the German market. Ingredients in liquid, powder and crystalline forms are available, making them applicable to a variety of food products. Furthermore, the growing demand for food applications has led market players to produce a wide range of additives in the country.
Key Players in the Market:
Major key players in the Europe Food Preservatives Market are
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