Press release
Food Preservatives Market Competitive Landscape, Current Scenario of Growth Rate and Industry Improvement Till 2027
Food preservatives are substances added or sprayed in food to restrict growth of fungi, bacteria, and other harmful microorganisms. Food preservatives are broadly classified as natural and synthetic. Natural food preservatives is dominating the market, according to stats provided by Coherent Market Insights in 2016. Growing population and increasing prevalence of foodborne diseases is expected to boost growth of the market, as preservatives are used in food to increase shelf life and maintain optimal quality of food. Food and beverages are stored after addition of food preservatives to reduce the possibilities of bacterial infection.
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The meat, poultry & sea food segment held dominant position in the global food preservative market in 2016, and the trend is expected to continue during the forecast period. The demand for protein food and organized retail is expected to drive the global food preservatives market. Moreover, changing demography and increase in disposable income especially in Latin America and Asia Pacific coupled with innovation in meat processing technology is expected to fuel the global food preservatives market.
Furthermore, supportive government initiatives in Asia Pacific, is expected to boost the market for food preservatives. For instance, in July 2015, The Government of India announced the plan to set up 13 Mega Food Parks in various states of India, which include Andhra Pradesh, Bihar, Chhattisgarh, Himachal Pradesh, Gujarat, Jammu & Kashmir, Madhya Pradesh, Maharashtra, Odisha, Rajasthan and Uttarakhand. Moreover, according to India Brand Equity Foundation (IBEF)'s data published in December 2018, the total Indian spices export stood at 1.08 billion kg, worth US$ 3.11 billion during 2017-18.
Regional Insights
Europe, followed by North America and Asia Pacific accounted for major share in the global food preservatives market in terms of revenue in 2016 and the trend is estimated to remain the same over the forecast period. In 2016, Europe held the largest share of 28.1% in terms of value in the global food preservatives market. Growing demand for confectionery foods in Asia Pacific due to growing population, increased urbanization, and growing retail and hospitality sector is expected to drive growth of the global food preservatives market over the forecast period.
Multinational players need to tap potential addressable market in the emerging regions with the help of geographical expansion
Product portfolio expansion and geographical expansion are the key market trends which are expected to shape the industry in the near future.
Major players in the global food preservatives market include Univar Inc., Hawkins Watts Limited, Cargill Inc., DSM N.V., Galactic, Danisco A/S, Tate & Lyle PLC, and Brenntag AG, Kemin Industries Inc., and AkzoNobel N.V.
Buy Now this Premium Report to make your Business Brand @ https://www.coherentmarketinsights.com/insight/buy-now/356
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Contact:
Mr. Raj Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
Get Sample Copy of This Premium Research (including full TOC, Tables and Figures)@ https://www.coherentmarketinsights.com/insight/request-sample/356
The meat, poultry & sea food segment held dominant position in the global food preservative market in 2016, and the trend is expected to continue during the forecast period. The demand for protein food and organized retail is expected to drive the global food preservatives market. Moreover, changing demography and increase in disposable income especially in Latin America and Asia Pacific coupled with innovation in meat processing technology is expected to fuel the global food preservatives market.
Furthermore, supportive government initiatives in Asia Pacific, is expected to boost the market for food preservatives. For instance, in July 2015, The Government of India announced the plan to set up 13 Mega Food Parks in various states of India, which include Andhra Pradesh, Bihar, Chhattisgarh, Himachal Pradesh, Gujarat, Jammu & Kashmir, Madhya Pradesh, Maharashtra, Odisha, Rajasthan and Uttarakhand. Moreover, according to India Brand Equity Foundation (IBEF)'s data published in December 2018, the total Indian spices export stood at 1.08 billion kg, worth US$ 3.11 billion during 2017-18.
Regional Insights
Europe, followed by North America and Asia Pacific accounted for major share in the global food preservatives market in terms of revenue in 2016 and the trend is estimated to remain the same over the forecast period. In 2016, Europe held the largest share of 28.1% in terms of value in the global food preservatives market. Growing demand for confectionery foods in Asia Pacific due to growing population, increased urbanization, and growing retail and hospitality sector is expected to drive growth of the global food preservatives market over the forecast period.
Multinational players need to tap potential addressable market in the emerging regions with the help of geographical expansion
Product portfolio expansion and geographical expansion are the key market trends which are expected to shape the industry in the near future.
Major players in the global food preservatives market include Univar Inc., Hawkins Watts Limited, Cargill Inc., DSM N.V., Galactic, Danisco A/S, Tate & Lyle PLC, and Brenntag AG, Kemin Industries Inc., and AkzoNobel N.V.
Buy Now this Premium Report to make your Business Brand @ https://www.coherentmarketinsights.com/insight/buy-now/356
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Contact:
Mr. Raj Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
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