The Global Food Preservatives market has been estimated at USD 3.35 Billion in 2018 and is projected to reach USD 3.92 Billion by 2023, at a CAGR of 3.2% during the forecast period from 2018 to 2023. Preservatives are the substances that are added products like pharmaceuticals, biological samples and food to prevent decomposition by microbial growth or by undesirable chemical changes. Food preservatives reduce the risk of food borne infections, decrease microbial spoilage and preserve nutritional quality.
Increase in population and change in food consumption habit is driving the demand in market for various segments of food and beverage industry, which in turn, is driving the market for food preservatives. Expanding processed foods market and penetration of organized retail sector are also major factors contributing to the market growth. Increase in consumer awareness on the ill effects of chemical preservatives is driving the market for natural preservatives. Increase in consumer awareness on the ill effects of synthetic ingredients, stringent government policies and intervention regarding the usage of chemical preservatives is restricting the growth of the global food preservatives market. Also, rising consumer preference for ‘natural preservatives’ is increasing R&D spending on the market.
Global market for food preservatives are segmented on the basis of Type, Function and Application. Each of these segments are further sub segmented as follows Type: Natural and Synthetic; Function: Antimicrobials, Antioxidants, Chelating and enzyme inhibitors; Application: Beverages, Oils & fats, Bakery, Dairy & frozen products, Snacks, Meat, poultry, & seafood products, Confectionery, Other applications. Benzoic acid and Sodium benzoate are the most preferred preservatives, followed by sorbates. Sea food products, processed meat and poultry consume the major share of global food preservatives market. Beverage industry is the major consumer for preservatives, followed by meat industry.
Geographically Global market for food preservatives is segmented into North America, Asia Pacific, Europe, Latin America, and Middle-East and Africa. Global food preservatives market is dominated by North America with a share of 33%, while the Asia-Pacific region is growing at the highest CAGR.
Major companies are partnering with diverse set of suppliers to boost their markets. BASF SE, Cargill Incorporated, Celanese Corporation are the major players in the Global market. Other important companies include Chr. Hansen A/S, Kerry Group, Koninklijke DSM N.V, The Archer Daniels Midland Company, Corbion N.V., DuPont and JEY’S F.I. Inc.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Type
5.1.1 Natural
5.1.2 Synthetic
5.2 By Function
5.2.1 Antimicrobials
5.2.2 Antioxidants
5.2.3 Chelating and enzyme inhibitors
5.3 By Application
5.3.1 Beverages
5.3.2 Oils & fats
5.3.3 Bakery and Confectionery products
5.3.4 Dairy & frozen products
5.3.5 Snacks
5.3.6 Meat products
5.3.7 Poultry products
5.3.8 Seafood products
5.3.9 Other food applications
6. Geographical Analysis
6.1 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.2 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.3 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 South Korea
6.4 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Mexico
6.4.4 Rest of Latin America
6.5 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 BASF SE
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Cargill Incorporated
8.3 Celanese Corporation
8.4 Chr. Hansen A/S
8.5 Kerry Group
8.6 Koninklijke DSM N.V
8.7 The Archer Daniels Midland Company
8.8 Corbion N.V.
8.9 DuPont
8.10 JEY’S F.I. Inc.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
