Germany Food Preservatives Market - Growth, Trends, and Forecasts (2020-2025)

The German food preservatives market is projected to register a CAGR of 3.5% during the forecast period, 2020-2025.

• The market is majorly driven by the growing demand for convenience foods and longer shelf life for processed foods. In addition, the increasing exports of perishable products, such as meat, poultry, and seafood, from the country, contribute to the growing demand for food preservatives.
• However, factors, such as the higher cost of natural preservatives and the rising consumer awareness about the side effects of synthetic preservatives, are restraining the growth of the food preservatives market.

Key Market Trends

Growing Market for Natural Food Preservatives in the Country

The increasing consumer interest in nutritionally enriched products and all-natural foods is eventually promoting the demand for high-value premium and natural preservatives. Natural preservatives, such as salt, sugar, vinegar, rosemary, and oregano extracts, were earlier used in domestic cooking as preservatives in the food, which is turning out to be an industrial need at present to cater to the big food processors in the local market. These are preferred due to their functional properties, such as antibacterial, antifungal, anti-carcinogenic, and antioxidant characters. Regulatory organizations in the country are constantly making efforts to ensure the circulation of value-based and clean-label products in the country, which is acting as a driver for the market in the country, compelling it to maintain the transparency between the consumers and final tailored products.

Rising Demand for Non-alcoholic Beverages in the Country

The booming beverage industry is majorly uplifting the consumption of ingredients, including preservatives. The properties of drinks, such as high-water activity, demand the irreplaceable use of preservatives in the beverage industry, to avoid the change in taste and color, and bitter aftertaste. Moreover, with the rise in demand for functional beverages, the market for natural preservatives is gaining momentum. Manufacturers are embracing innovation for gaining a position in the market, by incorporating the organically sourced preservatives in the product formulation.

Competitive Landscape

The German food preservatives market is competitive and fragmented in nature, owing to the presence of many regional and domestic players. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies, along with new product development as strategic approaches adopted by the leading companies, to boost their brand presence among consumers. Key players dominating the market include Koninklijke DSM NV, DuPont de Nemours Inc., Corbion NV, BASF SE, and Barentz, among others.

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