02-Jul-2019 | Zion Market Research
Zion Market Research has published a new report titled “Food Preservatives Market by Type (Natural and Synthetic), by Function (Anti-Microbial and Anti-Oxidant), and by Application (Meat, Poultry and Seafood, Beverages, Dairy & Frozen, Bakery, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026”. According to the report, the global food preservatives market accounted for USD 2,306 million in 2018 and is expected to reach USD 2,846 million by 2026, at a CAGR of around 2.7% between 2019 and 2026.
Food preservatives are chemical compounds that are added in small quantities to various kinds of food items to inhibit or delay their expiry. Salt, sugar, and spices were used to preserve meat and other types of foods traditionally. The need for preservatives is propelling the demand for food additives and ingredients that restrict the development of fungi, bacteria, and other microorganisms. This is the primary growth driver of the global food preservatives market. These preservatives help extend the shelf life and protect the natural characteristics of food items. Due to hectic lifestyle patterns, people tend to opt for convenience foods. The growing consumer preference globally for ready-to-eat foods or convenience foods is fueling the global food preservatives market.
Browse the full “Food Preservatives Market by Type (Natural and Synthetic), by Function (Anti-Microbial and Anti-Oxidant), and by Application (Meat, Poultry and Seafood, Beverages, Dairy & Frozen, Bakery, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026” Report at https://www.zionmarketresearch.com/report/food-preservatives-market
Based on type, the food preservatives market is segmented into natural and synthetic. Natural preservatives are naturally occurring with good preserving qualities, such as salt, sugar, alcohol, and vinegar, which are used in making juices, jams, and pickles. They don’t cause any health-related problems and help retain the purity of food items for a shorter duration of time as compared to synthetic preservatives. Sulfites, benzoates, sorbates, and propionates are some common types of synthetic preservatives, which are used for the food preservation process.
On the basis of function, the food preservatives market includes anti-microbial and anti-oxidant. Globally, the food preservatives market is dominated by anti-microbial, followed by antioxidant preservatives. Benzoates, sorbates, and other chemicals are a few key examples of anti-microbial preservatives and sulfites are used as anti-microbial agents in brewing applications In order to prevent microbial spoilage of food products by microorganisms, the demand for food preservatives with anti-microbial action is high. Sorbic acid is one of the most commonly used preservatives with antimicrobial action.
By application, the food preservatives market includes meat, poultry and seafood, beverages, dairy and frozen, bakery, and others. Meat, poultry, and seafood products held the largest share of food preservatives market in 2018. Preservatives are added to meat, fish, and beef to eliminate toxins and preserve them for a longer time. The dairy and frozen food segment are anticipated to be the fastest growing over the forecast time period.
North America is currently dominating the global food preservatives market, particularly in synthetic food preservatives usage. Hectic lifestyles have surged the demand for processed food with longer shelf life, which is driving the North American food preservatives market.
Some key players operating in the global food preservatives market are Kerry Group, Archer Daniels Midland, Cargill, ABF Ingredients, Ajinomoto, Albemarle Corporation, Brenntag, Celanese Corporation, Edlong Flavors, and Purac Biochem.
This report segments the global food preservatives market into:
Global Food Preservatives Market: Type Analysis
Global Food Preservatives Market: Function Analysis
Global Food Preservatives Market: Application Analysis
Global Food Preservatives Market: Regional Analysis
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