North America Processed Food & Beverage Preservatives Market was worth USD 860 million in 2021 and estimated to be growing at a CAGR of 2.55%, to reach USD 980 million by 2026. The market is showcasing evident potential in the mentioned forecasting period. The market continues to gain momentum with the ongoing development in the industry.
The processed food & beverage preservatives market has grown gradually in the recent years. It has an impact on food for maintaining the quality, flavour, and taste of the food, which has resulted in its high demand across the world. This is because of the requirement for food products that are needed to have a long shelf life for convenience of food.
The market is propelled by factors like demand for convenience food products & foods with long shelf-life, and the growing usage of natural preservatives in the meat & poultry. The huge growth potential in the developing markets and a lot of potential untapped in some regions provides new growth opportunities for market players.
The North America Processed Food & Beverage Preservatives Market is segmented on the basis of Type into Natural & Chemical. Based on Function, the market is segmented into Antimicrobial and Antioxidant. Further, on the basis of Application, the market is segmented into Oil & Fat, Bakery, Dairy & frozen, Snack, Meat, Poultry & Seafood, Confectionery, and Beverage.
On the basis of geography, the North America market is analysed under the regions namely U.S.A and Canada. These two countries are growing rapidly in processed food consumption and thus the processed food & Beverage preservatives market is expected to show huge growth in the forecasting period.
Some of the major companies dominating the market are Akzo Nobel N.V., Danisco A/S, Cargill, Incorporated, Univar Inc., and Koninklijke DSM N.V.
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