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Food Preservatives Market is poised to reach USD 3.69 Billion by 2021
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Food Preservatives Market is poised to reach USD 3.69 Billion by 2021

According to the report Food Preservatives market published by Market Data Forecast, the global market is projected to reach USD 3.69 Billion by 2021, at a CAGR of 3.2% from 2016 to 2021.

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Food preservatives reduce the risk of food borne infections, decrease microbial spoilage and preserve nutritional quality. Also, they extend the shelf-life and enhance the taste. They are an important factor in the meat, poultry, & seafood industry.

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Increasing processed food consumption and growing awareness about the benefits of food preservatives, are driving the market for food preservatives. Also, the growth in the market is mainly due to increase in processed food consumption, which is in return increasing the demand for food preservatives, thus, attracting the companies to expand their market base in these regions.

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Global market for Food Preservatives is segmented based on type, function and application into further sub-segments as follows:

By Type

  • Natural
  • Synthetic

By Function

  • Antimicrobials
  • Antioxidants
  • Chelating and enzyme inhibitors

By Application

  • Beverages
  • Oils & fats
  • Bakery and Confectionery products
  • Dairy & frozen products
  • Snacks
  • Meat products
  • Poultry products
  • Seafood products
  • Other food applications

Geographically, the market for Food Preservatives is segmented as below:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle-East and Africa

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BASF SE, Cargill Incorporated, Celanese Corporation are the major players in the Global market. Other important companies include Chr. Hansen A/S, Kerry Group, Koninklijke DSM N.V, The Archer Daniels Midland Company, Corbion N.V., DuPont and JEY’S F.I. Inc.

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About Market Data Forecast:

Market Data Forecast is a firm working in the areas of market research and business intelligence. We have rich experience in research across major industry segments like Healthcare, Agriculture, Food & Beverages etc. and we cater to the needs of both individual and corporate clients. Our research services contribute to key business areas like business process improvement, key decision making and developing appropriate corporate strategy. We are truly committed to our clients and other stakeholders for providing customized research services of the highest quality all the while being an organisation that’s trusted for its integrity, respected for its accountability, and admired for its excellence, by both clients and competitors alike.

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