The Latin America Food Preservatives Market has been estimated at USD 0.34 Billion in 2021 and is projected to reach USD 0.42 Billion by 2026, at a CAGR of 4.23% during the forecast period from 2021 to 2026.
Preservatives are used to enhance the quality of food item, to improve the appearance and also to extend the shelf-life. They are the best and most feasible option in order to maintain the food quality and avoid microbial growth due to which the food product may get spoilt.
In the emerging markets of Latin America, there is a great increase in the demand for processed food, due to change in lifestyle and adoption of western lifestyle. Due to this, the demand for food preservatives is slowly increasing, thus, elevating the market growth. But, government regulations and ill-effects of synthetic preservatives may constrain the market growth.
Latin America market for food preservatives are segmented into 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 Latin America food preservatives market. Beverage industry is the major consumer for preservatives, followed by meat industry.
Geographically the Latin America Food Preservatives Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. With the emerging economies, growing industrialization, increasing demand for processed foods, and consumer preference for quality products, ingredient suppliers are becoming increasingly optimistic about the growth of the food & beverage industry with increasing demand for food preservatives in the Latin America region.
Key Players in the Market:
Major Key Players in the Latin America Food Preservatives Market are
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 Introduction
6.2 Brazil
6.3 Mexico
6.4 Rest of Latin America
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
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