North America Food Preservatives Market-Growth, Trends and Forecast 2017 - 2022

  • ID: 4386678
  • Report
  • Region: America, North America, United States
  • 98 pages
  • Mordor Intelligence
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Preservatives are a key part of most food products today, due to the time it takes for the product to reach from factory to consumer homes, thus traveling through a long chain of distributing agents and stockists. This drives the demand for food preservatives market to provide an increased shelf life for products. North America held the largest market share in 2013 and is expected to remain as the market leader in 2020. North America recorded largest market size of USD 730 million in 2013 and is expected to reach USD 920 million by 2020.

High demand for packaged and processed foods is driving the market of preservatives in North America. For major fruit producers North America has an export share of 32%, thereby increasing the demand for preservatives. However, there is growing consumer preference for natural preservatives due to the risks associated with chemical preservatives. Another restrain comes in the form of complex US regulatory process, which makes it difficult for producers to register new innovative preservatives in the market.

The market is segmented as natural and chemical preservatives, with the natural preservatives seeing a growing trend due to antioxidants and microbial preservatives. The regions of US, Canada and Mexico are covered in the North American market.

The major players in the market are Brenntag, PuracBiochem, Cargill and Kerry group. The strategies used by companies are 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 NAFTA improving trade
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 Complex Regulatory environment
3.3.4 Demand for Clean label solutions
3.4 Opportunities
3.4.1 Growing innovations in Natural preservatives segment
3.4.2 Increasing demand for processed foods in Emerging economies
3.4.3 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 Sorbates Benzonates 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 North America US
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 Caldic
6.15 Parchem
7. Appendix

List of Tables

1: U.S.: Preservatives market Revenue,by Type, 2012-2020 ($Million)
2: U.S.: Preservatives market Revenue,by Application, 2012-2020 ($Million)
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Note: Product cover images may vary from those shown