The North America Food Preservatives Market has been estimated at USD 1.11 Billion in 2021 and is projected to reach USD 1.25 Billion by 2026, at a CAGR of 2.51% during the forecast period from 2021 to 2026.
Preservatives are an important factor in the meat, poultry, & seafood industry. They are added to beef, meat, bacon and other products to destroy toxins and react with proteins. Preservatives reduce pathogen attack and provides a better shelf-life and taste.
Increasing consumption of processed food items, which are ready-to-use, and have a long shelf life are attracting the people across the states of U.S. and Canada. Thus, there is a great increase in the demand for food preservatives, with increasing demand for processed food, which is elevating the market growth. But, consumers are also becoming conscious about the ill effects of the chemical preservatives, which may constrain the market growth.
North 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 North America food preservatives market. Beverage industry is the major consumer for preservatives, followed by meat industry.
Geographically the North America Food Preservatives Market is segmented into US, Canada and Rest of North America. North America is the biggest market in the world with a market share of 33%. U.S holds the largest share. The market in North America is mainly growing due to stable increase in the demand for minimally processed food items with long shelf life, thus, attracting the companies to expand the consumer base.
Key Players in the Market:
Major Key Players in the North 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 United States
6.3 Canada
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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Apr 2021
