Food Preservatives Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026

Report ID: GMI2584




Summary Methodology

Food Preservatives Market size should have a steady growth over the forecast timeframe as the product is added to feed or pharmaceutical drugs to prevent degeneration. Increasing application usage in bakery, beverages, sweet & savory snacks and dairy industries may drive industry demand. Change in consumer lifestyle along with high purchasing parity should fuel food preservatives market demand.
 

Rapid urbanization along with high consumer disposable income has led to the progress of packaged product demand which includes frozen feed & desserts, thus stimulating food preservatives market demand. Preservatives including benzoates are used to enhance shelf-life of feed items, thus minimizing the risk of spoilage due to its anti-fungal property. Benzoates is a white compound which is odorless and soluble in water with a sweet taste, originated naturally from apples and plums.
 

Nitrites food preservatives market size is likely to have steady growth rate and is used to prevent spoilage of red meat & its product, as they are cooked at high temperatures. Global meat production was over 65 million tons in 2017. Meat products dominate the market share with around 35% in 2017. The total processed poultry, fish and meat industry has been increasing at a significant rate, which positively influences food preservatives demand over the forecast period.
 

Superior properties giving desirable changes of color to meat may enhance the market demand, but excessive usage of nitrites can be toxic to human health. The maximum limit of using nitrite as an additive is 20 gms per 100 kgs of meat products.
 

Natural food preservatives including salt, sugar, alcohol and vinegar are used in making jam, pickle and juices, thus minimizing the bacterial growth rate risk. Salt is used to preserve vegetables and meat to prevent bacteria and yeast from decaying the product, resulting in increased demand.
 

Artificial food preservatives including antimicrobial agents, antioxidants and chelating agents are used to slow down spoilage and discoloration. Antimicrobial agents including benzoates, nitrites, propionates, and sorbates are widely used to prevent microbial degradation. Global market size of packaged ingredients was valued at over USD 60 billion in 2017 and may have a steady growth rate over the timespan. Enhanced product usage in beverages and bakery products will stimulate market demand.
 

Food preservatives offers antibacterial properties which reduces risk of degradation, but is also associated with disadvantages including allergic reactions, asthma, and abdominal pain. New trends are emerging in the market to safeguard the value and keep it cost effective where various manufacturing units are beholding to HPP (High pressure processing), a technique where product is processed without heat. Added advantage of this method would retain the nutritional value and will be a safe to eat.
 

The FDA panel evaluates the safety of new additives are generally approved by GRAS. Information including chemical and biological properties, toxicity is approved by EFSA’S expert panel who carry out the safety evaluation.
 

North America, led by Mexico., Canada, and the U.S. food preservatives market are likely to have a moderate growth rate. To inflate the market share, companies are acclimating new technologies, partnerships, ventures to develop their market. Hectic life schedule has induced the urge to increase in the demand for processed feed with extended shelf life, attracting the companies to enlarge the customer base.
 

Asia Pacific food preservatives market demand, led by South Korea, India, Japan, China is probable to have maximum growth by 2024 with increasing bakery products demand. The global bakery market size is poised to reach USD 45 million by 2024 along with various companies catering including Pasco, Oreo, Parle-G. Rising economy and growing population with disposable income have derived the demand for packaged products leading to growth of food preservatives market size.
 

Global food preservatives market share is moderately fragmented. Mergers form an important part for the companies including Kerry Group, BASF, Cargill Inc. and DuPont. Increasing natural product demand due to health issues which has led various manufactures including Kemin, DSM and Galactia to invest in the business to provide a premium quality product and accelerate food preservatives demand. Gurpo Bimbo a Mexican giant is working on new technology named nutraREV which comprises of rapid and low extraction of water cutting down the production costs and enhances the feed product & its quality.
 

 


What Information does this report contain?

Historical data coverage: 2015 to 2019; Growth Projections: 2020 to 2026.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.


Customize this Report

Pre Book Now

Need a Discount? Get in touch with us for special pricing

Request Discount

Our Market Research Reports Include:

  • Market snapshot
  • Market Segmentation
  • Value Chain Analysis
  • Growth Dynamics
  • Potential Market Opportunities
  • Regulatory Overview
  • Technology Evolution
  • Innovation & Sustainability

Connect with our sales team

Benefits of Association

Data Coverage & Quality

GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.

Client Trust & Security

GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.

Customer Service

Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.

GMIPulse, our report store

We have introduced ‘GMIPulse’, which is our report store; designed to offer clients a one-stop platform for all market research and business intelligence requirements. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. GMIPulse allows you to track relevant industries and stay informed with latest innovation, competitive and regulatory developments to help design strategic framework.

Chat with us
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X