Australia Food Preservatives Market-Growth, Trends And Forecast 2017 - 2022

  • ID: 4386663
  • Report
  • Region: Australia
  • 73 pages
  • Mordor Intelligence
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Food additives are used to enhance the taste, texture, color while maintain the nutritional content in foods. Food preservatives are a growing segment in the food additives market as they are used to prevent spoilage and decomposition which takes place in food products due to microbial reactions. The Food preservatives market is expected to reach US $ 2.9 billion by 2020 with an estimated CAGR of 3.5%.

Australia has stringent regulations in preservativesit has banned BHT and does not permit it to be used in any human food. Australia has also banned the use of BHA.

The preservatives market is largely driven by demand for convenience and packaged foods by the burgeoning population and rising urbanization rates. However, the major constraint is the increased awareness on the ill effects of synthetic ingredients and growing consumer demand for fresh and natural foods. Companies are seeing this as an opportunity to innovate and provide solutions in the in the form of natural and functional ingredients.

Food preservatives are classified as natural and chemical preservatives, with chemical preservatives currently accounting for a large market share. Preservatives are used in foods such as oil & fat, bakery & Confectionary, Fruits and Vegetables, dairy & frozen products, meat, poultry & seafood, savory snacks, and beverages. Region wise, North America forms the largest segment, with US region dominating the market. The estimated CAGR for the North American region is 2.7%. This is followed by Asia pacific market which is the fastest growing segment due to growing preference for packaged and processed foods.

The major players in the market are Brenntag, PuracBiochem, Cargill and Kerry group. The strategies used by companies is the increase in Research and Development expenditure to innovate products under the natural preservatives segment to meet the growing consumer preference.
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1. Introduction
1.1 Research methodology
1.2 Market Definition
1.3 Report Description
2. Key Findings
3. Market Overview & Dynamics
3.1 Introduction
3.2 Drivers
3.2.1 Supply chain complexities in the Food industry
3.2.2 Expanding Processed Foods market
3.2.3 Penetration of Organized Retail sector
3.2.4 Increasing demand from Emerging countries
3.3 Restraints
3.3.1 Consumers Awareness on Ill effects of Chemical preservatives
3.3.2 High Costs of natural preservatives
3.3.3 Demand for Clean label solutions
3.4 Opportunities
3.4.1 Growing innovations in Natural preservatives segment
3.4.2 Wider Acceptance of GSFA for improved International Trade
3.5 Porter Five Forces Analysis
3.5.1 Bargaining power of Suppliers
3.5.2 Bargaining power of Buyers
3.5.3 Degree of Competition
3.5.4 Threat of Substitution
3.5.5 Threat of new entrants
4. Market Segmentation by Type
4.1 Preservatives Market, by Types
4.1.1 Natural Food preservatives
4.1.2 Chemical Food Preservatives
4.1.2.1 Sorbates
4.1.2.2 Benzonates
4.1.2.3 Others
4.2 By Application
4.2.1 Dairy & Frozen products
4.2.2 Bakery
4.2.3 Meat, Poultry & Seafood Products
4.2.4 Beverages
4.2.5 Confectionery
4.2.6 Oils & Fats
4.2.7 Others
4.3 By Geography
4.3.1 South America
4.3.1.1 Brazil
4.3.1.2 Argentina
4.3.1.3 Others
5. Competitive Landscape Overview
5.1 Market Share Analysis
5.2 Strategies by leading players
5.3 New Product Developments &Other Innovations
6. Company Profiles
6.1 Cargill Inc
6.2 Kerry Group
6.3 Corbion Purac
6.4 Royal DSM
6.5 Jungbunzlauer Ag
6.6 Brenntag Inc.
6.7 DuPont
6.8 Celanese Corp
6.9 Chr Hansen
6.10 Archer Daniel Midland
6.11 BASF SE
6.12 Akzo Nobel
6.13 Albemarle Corporation
6.14 JEY F.I. INC
6.15 Cognis
7. Appendix
List of Tables
1.South America food Preservatives market revenue, by Country,2012-2020($Million)
2.South America: food additives market revenue, by type,2012-2020 ($ Million)
3.Brazil: Preservatives market Revenue,by Type, 2012-2020 ($Million)
4.Argentina: Preservatives market Revenue,by Type, 2012-2020 ($Million)
5.Others: Preservatives market Revenue,by Type 2012-2020 ($Million)
6.South America: food Preservatives, market revenue, by Application,2012-2020($ Million)
7.Brazil: Preservatives market Revenue,by Application, 2012-2020 ($Million)
8.Argentina: Preservatives market Revenue,by Application, 2012-2020 ($Million)
9.Others: Preservatives market Revenue,by Application 2012-2020 ($Million)
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