Global Food Preservatives Market is expected to reach USD 2,560 million by 2020

Transparency Market
Research
Food Preservatives Market - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast, 2014 - 2020
Published Date
05-03-2015
93 Page Report
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Global Food Preservatives Market to Reach US$2.5 bn by 2020 owing to
High Demand for Convenience Foods and Organic Foods
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Food Preservatives Market
REPORT DESCRIPTION
Transparency Market Research has published a new market report titled “Food Preservatives Market Global
Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2014 - 2020.” According to the report, the
global food preservatives market is valued at USD 2,000 million in 2013 and is estimated to reach USD
2,560 million in 2020, growing at a CAGR of 3.5% from 2014 to 2020. Among different regions the RoW
market is expected to grow at the highest CAGR of 4.0% over the forecast period. In terms of revenue
North America held the largest market size of USD 729.8 million in 2013 and is expected to reach USD
921.6 million by 2020.
Preservatives are added to food products to prevent decomposition and unwanted bacterial growth.
Currently, using preservatives in bakery and dairy products, beverages, meat and poultr has become the
accepted method to resolve quality issues of the food industry worldwide. Food preservatives are used to
keep food products safe for a long duration of time. Food preservatives can be categorized into two major
segments - natural and synthetic. Preservatives included under synthetic food preservatives are benzoic
acid, sorbic acid, lactic acid, and propionic acid among others. Busy lifestyles and increasing number of
working people is fueling the demand for processed food. With the current market trend, manufacturers
are using preservatives for maintaining the quality and standard of food for long durations. Rising concerns
for health hazards is increasing the demand for food preservatives globally.
The major factors driving the growth of the food preservatives market are increasing demand for
processed foods, increasing health concerns among public and increasing demand for organic food items
globally. Additionally, The rise in the number of food borne diseases is driving the growth of the food
preservatives market as preservatives are needed to maintain the overall quality of the product and to
increase shelf life. However, stringent government regulations across different countries are currently
inhibiting the global food preservatives market.
The global food preservatives market has been segmented on the basis of product types into natural and
synthetic food preservatives. Synthetic food preservatives dominated the market accounting for more than
85% of the total market in 2013 and are expected to continue its dominance throughout the forecast
period. The market has also been segmented on the basis of function segment into antimicrobial,
antioxidants and others. The antimicrobial segment accounted for the maximum market share covering
more than 50% of the total food preservatives market in 2013, followed by antioxidants which accounted
for less than 40% in 2013. The market has been further segmented on the basis of applications into
bakery, beverages, dairy and milk products, meat and poultry and others. The meat and poultry segment
accounted for the largest market share in 2013, followed by the beverages segment.
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Based on geography, the market has been segmented into North America, Europe, Asia Pacific and Rest of
the World (RoW). North America held the largest market share in 2013, accounting for more than 35% of
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the total food preservatives market and is expected to continue its dominance throughout the forecast
period. Increasing use of food preservatives in order to prevent spoilage is the key factor driving the
demand for food preservatives in this region. Meat, poultry and seafood accounted for the largest market
share in the food preservatives market in North America in 2013, followed by the beverages segment. Both
the segments are expected to retain their respective positions in the market throughout the forecast
period.
Asia Pacific held the second largest market share, accounting for more than 30% of the global food
preservatives market in 2013 and is expected to retain its position in the market throughout the forecast
period. Rising demand and trade of food products across the world is driving the demand for food
preservatives market in Asia Pacific. Additionally, increasing demand for bakery products, meat and dairy
products and beverages are fuelling the demand for the food preservatives market in Asia Pacific. Further,
the shift in the preference of the consumers in terms of feeding habits has also shown a positive impact on
the food preservatives market in Asia Pacific. Australia was the largest market for food preservatives in
Asia Pacific in 2013 and is expected to retain its dominance throughout the forecast period.
Europe was the third largest market for food preservatives in 2013 and is expected to maintain its position
throughout the forecast period. The increasing demand for processed food among the consumers is
primarily fuelling the demand for the food preservatives market in Europe. Additionally, consumer demand
for high premium quality food is also driving the demand for food preservatives in Europe.
Rest of the World is inclusive of Middle East, Latin America and Africa. This segment held the lowest market
share of just above 15% of the global food preservatives market in 2013. However, the demand for this
market in RoW is expected to maintain a gradual growth throughout the forecast period. Increasing
demand for canned and processed food in Latin America is one of the key factors driving the demand for
food preservatives at present. Additionally, rising demand for beverages, meat and baked products in the
Middle East is another key factor driving the demand for food preservatives in this region.
The global food preservatives market is marked by some intense competition from some the major players
operating in this market. Major players like BASF SE, Cargill Incorporated, Celanese Corporation, Chr
Hansen A/S among others are expected to capture the attention of consumers due to their cost
effectiveness vis-à-vis branded products.
The Food Preservatives Market has been segmented as follows:
Global Food Preservatives Market by Product Type
Product types covered under this research study are:
•
Natural Preservatives
•
Synthetic Preservatives
Global Food Preservatives Market by Function
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Food Preservatives Market
Functional types covered under this research study are
•
Antimicrobial
•
Antioxidants
Global Food Preservatives Market by Application
•
Dairy and milk products
•
Meat, poultry and sea food products
•
Bakery products
•
Beverages products
•
Other products
Global Food Preservatives Market by Geography
•
North America
•
Europe
•
Asia Pacific
•
RoW
TABLE OF CONTENT
Chapter 1 Preface
1.1 Report Description
1.2 Market segmentation
1.2.1 Food preservatives market segmentation, type and geography
1.3 Research scope
1.4 Research Methodology
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Chapter 2 Executive Summary
2.1 Global food preservatives market revenue, 2013 - 2020 (USD Million)
2.2 Global Food Preservatives Market Snapshot
Chapter 3 Food Preservatives Market – Industry Analysis
3.1 Introduction
3.1.1 Classification of food preservatives
3.2 Value chain analysis
3.2.1 Value chain analysis of global food preservatives market
3.3 Market Drivers
3.3.1 Drivers for food preservatives market: Impact analysis
3.3.2 Increasing demand for convenience food
3.3.3 Increasing demand for organic food products
3.3.4 Disease outbreaks increasing the need for food preservatives
3.4 Market Restraints
3.4.1 Restraints for food preservatives market: Impact analysis
3.4.2 Stringent government regulatory structure and intervention
3.4.3 Difficulties working with natural food preservatives
3.5 Market Opportunities
3.5.1 Increasing demand for natural food preservatives
3.5.2 Mixing of different preservatives to reduce the cost
3.6 Porter’s five forces analysis
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Food Preservatives Market
3.6.1 Bargaining power of suppliers
3.6.2 Bargaining power of buyers
3.6.3 Threat of new entrants
3.6.4 Threat of substitutes
3.6.5 Degree of competition
3.7 Market Attractiveness Analysis
3.8 Key players of food preservatives by country
3.9 Global finished products by preservatives
Chapter 4 Food Preservatives Market- Product Segment Analysis
4.1 Global food preservative market, by product type: Overview
4.2 Natural
4.3 Synthetic
Chapter 5 Food Preservatives Market – Function Segment Analysis, 2013-2020
5.1 Global food preservative market, function segment: Overview
5.2 Antimicrobial
5.3 Antioxidants
5.4 Others
Chapter 6 Food Preservatives Market- Application Analysis, 2013 - 2020
6.1 Food preservatives market, by application: Overview
6.1.1 Global food preservatives market revenue share, by application analysis , 2013 and 2020
6.1.2 Dairy and milk products
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6.1.2.1 Food preservatives used in dairy and milk products, 2013 – 2020 (USD million)
6.1.3 Meat, poultry and sea food products
6.1.3.1 Food preservatives used in meat, poultry and sea food, 2013 – 2020 (USD million)
6.1.4 Bakery products
6.1.4.1 Food preservatives used in bakery products, 2013 – 2020 (USD million)
6.1.5 Beverages products
6.1.5.1 Food preservatives used in beverages, 2013 – 2020 (USD million)
6.1.6 Other products
6.1.6.1 Food preservatives used in other products, 2013– 2020(USD million)
Chapter 7 Food Preservatives Market- Regional Analysis, 2013 - 2020
7.1 Global food preservative market: geographical overview
7.1.1 Global food preservative market, revenue share by geography, 2013 and 2020
7.2 North America
7.3 Europe
7.3.1 Europe food preservatives market revenue, by type, 2013 - 2020 (USD million)
7.4 Asia Pacific
7.4.1 Asia Pacific food preservatives market revenue, by type, (2013 – 2020) (USD million)
7.5 Rest of the World
7.5.1 Rest of the World food preservatives market revenue, by type, 2013 - 2020 (USD million)
Chapter 8 Company Profiles
8.1 BASF SE
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Food Preservatives Market
8.1.1 Company overview
8.1.2 Financial overview
8.1.3 Business strategy
8.1.4 Recent development
8.2 Cargill, Incorporated
8.2.1 Company overview
8.2.2 Financial overview
8.2.3 Business strategy
8.2.4 Recent developments
8.3 Celanese Corporation
8.3.1 Company overview
8.3.2 Financial overview
8.3.3 Business strategy
8.3.4 Recent developments
8.4 Chr. Hansen A/S
8.4.1 Company overview
8.4.2 Financial overview
8.4.3 Business strategy
8.4.4 Recent developments
8.5 Corbion N.V.
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Food Preservatives Market
8.5.1 Company overview
8.5.2 Financial overview
8.5.3 Business strategy
8.5.4 Recent developments
8.6 DuPont
8.6.1 Company overview
8.6.2 Financial overview
8.6.3 Business strategy
8.6.4 Recent developments
8.7 JEY\'S F.I. INC.
8.7.1 Company overview
8.7.2 Financial overview
8.7.3 Business strategy
8.8 Kerry Group
8.8.1 Company overview
8.8.2 Financial overview
8.8.3 Business strategy
8.8.4 Recent developments
8.9 Koninklijke DSM N.V.
8.9.1 Company overview
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8.9.2 Financial overview
8.9.3 Business strategy
8.9.4 Recent developments
8.10 The Archer Daniels Midland Company
8.10.1 Company overview
8.10.2 Financial overview
8.10.3 Business strategy
8.10.4 Recent developments
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