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Food Preservatives Market by Type and Synthetic, Benzoates, Propionates, and Others, Function, and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023

  • ID: 4612611
  • Report
  • May 2017
  • Region: Global
  • 234 pages
  • Allied Analytics LLP
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The global food preservatives market is expected to reach $2,714 million by 2023 from $2,271 million in 2016, registering a CAGR of 2.6% from 2017 to 2023. Preservatives are used in a wide range of products, such as snacks, bakery, confectionery, meat, seafood, and poultry, and others to preserve the natural characteristics of food and to increase the shelf life of food products for storage. In addition, food preservatives are used to avoid spoilage during transportation. Food is preserved by using either natural preservatives or artificial preservatives. The traditional natural ways of preservation include freezing, boiling, smoking, pasteurizing, pickling, and others. Sugar and salt are the earliest natural ways of food preservation that efficiently reduce the growth of bacteria in food.

Change in consumer preferences is expected to be one of the major factors that drives the demand for food preservatives. Increasing demand for convenience products has increased the demand for foods with longer shelf life, thus augmenting the demand for food preservatives. Rise in consumption of ready-to-eat food products has also driven the consumption of food preservatives in the recent past. Increase in demand for organic food products restrains the market growth. In addition, the health hazards associated with chemical preservatives are anticipated to hamper the growth of food preservatives market during the forecast period.

The report segments the global food preservatives market based on type, function, application, and geography. Based on type, it is bifurcated into natural and synthetic. The natural food preservatives segment is further classified into sugar, salt, vinegar, honey, alcohol, edible oil, nicin, rosemary extracts, onion, and natamycin. The synthetic food preservatives segment is further categorized into sorbates, benzoates, propionates, and others. The sorbates segment is again bifurcated into sorbic acid and potassium sorbate. Benzoates are classified into benzoic acid and sodium benzoate. Propionates are categorized into propionic acid, sodium propionate, and calcium propionate. The others segment is classified into nitrites, sulfur dioxide, lactic acid, sodium diacetate, acetic acid. On the basis of function, the market is divided into an antimicrobials, antioxidants, and others. The application areas of the industry are broadly categorized into bakery; meat, poultry, and seafood; oils & fats, dairy & frozen foods; snacks; confectionery; beverages; and others. The market is analyzed based on four regions, namely, North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to dominate the global food preservatives market until 2023.

The prominent players in the global food preservatives market have strategically focused on product launch as their key strategy to gain significant share in the market.

The key players profiled in the report are as follows:

Danisco A/S
Akzo Nobel N.V.
Kemin Industries, Inc.
Cargill, Incorporated
Hawkins Watts Limited
Celanese Corporation
Univar Inc.
Koninklijke DSM N.V.
Tate & Lyle
Kerry Group

KEY BENEFITS FOR STAKEHOLDERS

This report provides an extensive analysis of the current trends and emerging estimations in the global food preservatives market.
In-depth analysis of the industry is conducted through market estimations of key segments from 2017 to 2023.
Competitive intelligence of leading manufacturers and distributors of food preservatives helps to understand the competitive scenario across geographies.
Comprehensive analysis of factors that drive and restrain the growth of the market is provided.
Extensive analysis of the industry is conducted by following key product positioning and monitoring the top competitors within the market framework.
The key players are profiled and their strategies to determine the competitive outlook of the market.

KEY MARKET SEGMENTS

By Type

Natural
Sugar
Salt
Vinegar
Honey
Alcohol
Edible Oil
Nicin
Rosemary Extracts
Onion
Natamycin
Synthetic
Sorbates
Sorbic Acid
Potassium Sorbate
Benzoates
Benzoic Acid
Sodium Benzoate
Propionates
Propionic Acid
Sodium Propionate
Calcium Propionate
Others
Nitrites
Sulfur Dioxide
Lactic Acid
Sodium Diacetate
Acetic Acid

By Function

Antimicrobials
Antioxidants
Others

By Application

Bakery
Meat, Poultry, and Seafood
Oils & Fats
Dairy & Frozen Foods
Snacks
Confectionery
Beverages
Others

By Geography

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
KSA
South Africa
Rest of LAMEA

The Other players in the value chain, include:

Brenntag Solutions Group, Inc.
Galactic
E. I. du Pont de Nemours and Company
PuracBiochem B.V.
Kilo Ltd.
Ajinomoto Co. Inc.
Albemarle Corporation

*Profiles of these players are not included in the report, but can be included on request.
Note: Product cover images may vary from those shown
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CHAPTER 1. INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENT
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tool & Model

CHAPTER 2. EXECUTIVE SUMMARY
2.1. MARKET SNAPSHOT
2.2. CXO PERSPECTIVES

CHAPTER 3. MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.3. PORTERS FIVE FORCES ANALYSIS
3.3.1. Bargaining Power of Suppliers
3.3.2. Bargaining Power of Buyers
3.3.3. Threat of New Entrants
3.3.4. Threat of Substitutes
3.3.5. Competetive Rivalry
3.4. MARKET DYNAMICS
3.4.1. Drivers
3.4.1.1. Growing food and beverage industry
3.4.1.2. Shift of consumer preference towards ready to eat food products
3.4.2. Restraints
3.4.2.1. Health hazards related to chemical preservatives
3.4.2.2. Increasing demand for organic food products
3.4.3. Opportunities
3.4.3.1. Increasing demand for natural preservatives
3.5. MARKET SHARE ANALYSIS, 2016 (%)

CHAPTER 4. GLOBAL FOOD PRESERVATIVES MARKET, BY TYPE
4.1. INTRODUCTION
4.1.1. Market Size and Forecast
4.2. NATURAL
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast
4.2.2.1. Sugar
4.2.2.2. Salt
4.2.2.3. Vinegar
4.2.2.4. Honey
4.2.2.5. Alcohol
4.2.2.6. Edible Oil
4.2.2.7. Nicin
4.2.2.8. Rosmary extracts
4.2.2.9. Onion
4.2.2.10. Natamycin
4.3. SYNTHETIC
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast
4.3.2.1. Sorbates
4.3.2.1.1. Sorbic Acid
4.3.2.1.2. Potassium Sorbate
4.3.2.2. Benzoates
4.3.2.2.1. Benzoic Acid
4.3.2.2.2. Sodium Benzoate
4.3.2.3. Propionates
4.3.2.3.1. Propionic Acid
4.3.2.3.2. Sodium Propionate
4.3.2.3.3. Calcium Propionate
4.3.2.4. Others
4.3.2.4.1. Nitrites
4.3.2.4.2. Sulfur Dioxide
4.3.2.4.3. Lactic Acid
4.3.2.4.4. Sodium Diacetate
4.3.2.4.5. Acetic Acid

CHAPTER 5. GLOBAL FOOD PRESERVATIVES MARKET, BY FUNCTION
5.1. INTRODUCTION
5.1.1. Market Size and Forecast
5.2. ANTIMICROBIALS
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast
5.3. ANTIOXIDANTS
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast
5.4. OTHERS
5.4.1. Key Market Trends, Growth Factors, and Opportunities
5.4.2. Market Size and Forecast

CHAPTER 6. GLOBAL FOOD PRESERVATIVES MARKET, BY APPLICATION
6.1. INTRODUCTION
6.1.1. Market Size and Forecast
6.2. BAKERY
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast
6.3. MEAT, POULTRY AND SEAFOOD
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast
6.4. OILS AND FATS
6.4.1. Key Market Trends, Growth Factors, and Opportunities
6.4.2. Market Size and Forecast
6.5. DAIRY AND FROZEN FOODS
6.5.1. Key Market Trends, Growth Factors, and Opportunities
6.5.2. Market Size and Forecast
6.6. SNACKS
6.6.1. Key Market Trends, Growth Factors, and Opportunities
6.6.2. Market Size and Forecast
6.7. CONFECTIONERY
6.7.1. Key Market Trends, Growth Factors, and Opportunities
6.7.2. Market Size and Forecast
6.8. BEVERAGES
6.8.1. Key Market Trends, Growth Factors, and Opportunities
6.8.2. Market Size and Forecast
6.9. OTHERS
6.9.1. Key Market Trends, Growth Factors, and Opportunities
6.9.2. Market Size and Forecast

CHAPTER 7. GLOBAL FOOD PRESERVATIVES MARKET, BY GEOGRAPHY
7.1. INTRODUCTION
7.1.1. Market Size and Forecast
7.2. NORTH AMERICA
7.2.1. Key Market Trends, Growth Factors, and Opportunities
7.2.2. Market Size and Forecast
7.2.3. U.S.
7.2.3.1. Market size and forecast, by type
7.2.3.2. Market size and forecast, by application
7.2.4. Canada
7.2.4.1. Market size and forecast, by type
7.2.4.2. Market size and forecast, by application
7.2.5. Mexico
7.2.5.1. Market size and forecast, by type
7.2.5.2. Market size and forecast, by application
7.3. EUROPE
7.3.1. Key Market Trends, Growth Factors, and Opportunities
7.3.2. Market Size and Forecast
7.3.3. France
7.3.3.1. Market size and forecast, by type
7.3.3.2. Market size and forecast, by application
7.3.4. Germany
7.3.4.1. Market size and forecast, by type
7.3.4.2. Market size and forecast, by application
7.3.5. UK
7.3.5.1. Market size and forecast, by type
7.3.5.2. Market size and forecast, by application
7.3.6. Spain
7.3.6.1. Market size and forecast, by type
7.3.6.2. Market size and forecast, by application
7.3.7. Italy
7.3.7.1. Market size and forecast, by type
7.3.7.2. Market size and forecast, by application
7.3.8. Rest of Europe
7.3.8.1. Market size and forecast, by type
7.3.8.2. Market size and forecast, by application
7.4. ASIA-PACIFIC
7.4.1. Key Market Trends, Growth Factors, and Opportunities
7.4.2. Market Size and Forecast
7.4.3. India
7.4.3.1. Market size and forecast, by type
7.4.3.2. Market size and forecast, by application
7.4.4. China
7.4.4.1. Market size and forecast, by type
7.4.4.2. Market size and forecast, by application
7.4.5. Japan
7.4.5.1. Market size and forecast, by type
7.4.5.2. Market size and forecast, by application
7.4.6. Korea
7.4.6.1. Market size and forecast, by type
7.4.6.2. Market size and forecast, by application
7.4.7. Australia
7.4.7.1. Market size and forecast, by type
7.4.7.2. Market size and forecast, by application
7.4.8. Rest of Asia-Pacific
7.4.8.1. Market size and forecast, by type
7.4.8.2. Market size and forecast, by application
7.5. LAMEA
7.5.1. Key Market Trends, Growth Factors, and Opportunities
7.5.2. Market Size and Forecast
7.5.3. Brazil
7.5.3.1. Market size and forecast, by type
7.5.3.2. Market size and forecast, by application
7.5.4. KSA
7.5.4.1. Market size and forecast, by type
7.5.4.2. Market size and forecast, by application
7.5.5. South Africa
7.5.5.1. Market size and forecast, by type
7.5.5.2. Market size and forecast, by application
7.5.6. Rest of LAMEA
7.5.6.1. Market size and forecast, by type
7.5.6.2. Market size and forecast, by application

CHAPTER 8. COMPANY PROFILES
8.1. DANISCO A/S
8.1.1. Company Overview
8.1.2. Company Snapshot
8.1.3. Operating Business Segments
8.1.4. Business Performance
8.1.5. Key Strategic Moves and Developments
8.2. AKZONOBEL NV
8.2.1. Company Overview
8.2.2. Company Snapshot
8.2.3. Operating Business Segments
8.2.4. Business Performance
8.2.5. Key Strategic Moves and Developments
8.3. KEMIN INDUSTRIES, INC.
8.3.1. Company Overview
8.3.2. Company Snapshot
8.3.3. Operating Business Segments
8.3.4. Business Performance
8.3.5. Key Strategic Moves and Developments
8.4. CARGILL INCORPORATED
8.4.1. Company Overview
8.4.2. Company Snapshot
8.4.3. Operating Business Segments
8.4.4. Business Performance
8.4.5. Key Strategic Moves and Developments
8.5. HAWKINS WATTS LIMITED
8.5.1. Company Overview
8.5.2. Company Snapshot
8.5.3. Operating Business Segments
8.5.4. Business Performance
8.5.5. Key Strategic Moves and Developments
8.6. CELANESE CORPORATION
8.6.1. Company Overview
8.6.2. Company Snapshot
8.6.3. Operating Business Segments
8.6.4. Business Performance
8.6.5. Key Strategic Moves and Developments
8.7. UNIVAR INC.
8.7.1. Company Overview
8.7.2. Company Snapshot
8.7.3. Operating Business Segments
8.7.4. Business Performance
8.7.5. Key Strategic Moves and Developments
8.8. KONINKLIJKE DSM N.V.
8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Operating Business Segments
8.8.4. Business Performance
8.8.5. Key Strategic Moves and Developments
8.9. TATE & LYLE
8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Operating Business Segments
8.9.4. Business Performance
8.9.5. Key Strategic Moves and Developments
8.10. KERRY GROUP
8.10.1. Company Overview
8.10.2. Company Snapshot
8.10.3. Operating Business Segments
8.10.4. Business Performance
8.10.5. Key Strategic Moves and Developments
Note: Product cover images may vary from those shown
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According to a new report titled, "Food Preservatives Market by Type, Function, and Application: Global Opportunity Alysis and Industry Forecast, 2017-2023," the food preservatives market was valued at $2,271 million in 2016, and is projected to reach $2,714 million by 2023, growing at a CAGR of 2.6% from 2017 to 2023. Asia-Pacific is one of the prominent consumers of food preservatives, accounting for nearly one-third of the total market in 2016.

Preservatives are used in a wide range of products, such as bakery, confectionery, scks, meat, seafood, poultry, and others to reduce oxidation, prevent food spoilage, and inhibit microbial growth. The types of preservatives include antimicrobials, antioxidants, chelating agents, and others. Various regulations are imposed on the use of food preservatives by regulatory bodies. FDA has regulated the concentration range of preservatives to be added in food products and has also banned use of chemicals that are harmful to human health.

Factors that drive the growth of the global food preservatives market are change in lifestyle of people and varied consumer trends toward use of ready-to-eat food products. The food & beverage processing industry has influenced the food preservatives market to a large extent. In addition, growth in bakery, confectionery, meat, and poultry applications is expected to fuel the demand for food preservatives in the near future. However, stringent regulations pertaining to the use of chemical preservatives in many regions and rise in awareness among consumers toward use of these additives are expected to hamper the growth of the market in the near future.

Synthetic food preservatives are expected to maintain domince in the global food preservatives market during the forecast period. However, the tural food preservatives are anticipated to gain traction in the near future. In 2016, the tural preservatives accounted for major share in the developed countries in North America and Europe. On contrary, the synthetic preservatives segment accounted for major share in Asia-Pacific in 2016.

Meat, poultry, and seafood and dairy & frozen foods applications cumulatively domited the global food preservatives market with more than two-fifths share, in terms of volume, in 2016. Increase in demand for extended shelf life properties across various end-use industries in food & beverage sector is anticipated to drive the food preservatives market during the alysis period.

Key findings of the Food Preservatives Market:

In terms of value, the tural segment is expected to grow at a CAGR of 3.4% during the forecast period.
Asia-Pacific is projected to maintain its lead position throughout 2022, growing at a CAGR of 3.5%, in terms of value.
Meat, poultry, and seafood application is estimated to occupy one-fourth of the total market by 2023.
Chi is expected to occupy more than half of the total Asia-Pacific food preservatives market by 2023.
In the global food preservatives market, Chi is expected to grow at the highest CAGR of 4.5%, in terms of value, from 2017 to 2023.

In 2016, Asia-Pacific and North America collectively accounted for approximately three-fifths share of the total food preservatives market and are expected to continue to be domint, specifically in Chi, India, and the other developing countries. Rise in food processing sector is the major reason for the growth of the market in the Asia-Pacific.

The major companies profiled in the report include Danisco A/S, Akzo Nobel N.V., Kemin Industries, Inc., Cargill, Incorporated, Hawkins Watts Limited, Celanese Corporation, Univar Inc., and Koninklijke DSM N.V.
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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