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.
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:
- Chelating and enzyme inhibitors
- Oils & fats
- Bakery and Confectionery products
- Dairy & frozen products
- Meat products
- Poultry products
- Seafood products
- Other food applications
Geographically, the market for Food Preservatives is segmented as below:
- North America
- 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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