Lauric arginate is a synthetic graded chemical food preservative, a cationic surfactant that is used during food processing to increase the life and stability of the food products and to avoid or to prevent its spoilage. The increasing demand for fresh products, due to changes in customer preferences, customer lifestyle, willingness of consumers to pay more for premium products create growth avenues for market. Rise in exports and imports of food products in emerging countries like India, china, and other developing countries of APAC region and its positive impact on the supply chain and ready-to-eat food products are some of the key factors for the increasing demand for the global lauric arginate market. Due to the rise in demand for the integrated application of synthetic lauric arginate preservatives, companies are investing more capital in dairy and frozen foods product segment in the food processing market. Moreover, with the increase in product shelf life, lauric arginate disrupted the market due to its remarkably low side-effects on food products and the low cost of the product. The global lauric arginate market is expected to witness a moderate single-digit CAGR during the forecast period.
Need For Effective Preservatives And Increasing Demand For Processed Food Amps Up The Demand
The change in lifestyles and the desperate need for prepared food products among consumers is the key factor for the increase in demand for lauric arginate. The change in consumer preference for ready-to-eat products and increased availability and handiness of processed food products are driving the demand for the global lauric arginate market. The lauric arginate market witness a growth in demand due to increased demand for food conservation with an extended shelf life. Several government organizations and restrictive authorities monitor operations with sufficient regulations to prevent the development of diseases to maintain a high-quality standard of lauric arginate products. Additionally, the expansion of distribution networks and increasing food trade across the globe are some of the other factors that fuel the growth of the lauric arginate market. The research and development of new synthetic food preservatives with added health benefits and pocket-friendly prices may provide new growth opportunities for the growth of the lauric arginate market.
Demand For Natural Preservatives And Stringent Regulations May Hamper Growth Of The Lauric Arginate Market
The rising demand for natural preservatives, development and utilization of preservation technologies, and consumer preferences towards natural food is restraining the growth of the lauric arginate market. Stringent government regulations on the use of synthetic and chemical food preservatives are the major factors restricting the growth of the lauric arginate market. The cost of development and manufacturing of lauric arginate food preservatives and health problems raised with the utilization of lauric arginate are other factors that hamper the growth of the market. Moreover, with the increasing demand for natural food preservatives, the market witness a new trend as several global companies project their product as “all-natural”. The complex formulated preservatives for meat and poultry products provide various growth opportunities in the global lauric arginate market.
Lauric Arginate Market Segmentation
Lauric Arginate market can be segmented based on raw materials, type, application, and distribution channel.
- Based on application, lauric arginate market is segmented into:
- Bakery & Confectionary
- Dairy & Frozen Products
- Meat, Poultry, & Seafood Products
- Based on type, lauric arginate market is segmented into:
- Based on Functioning, the lauric arginate market is segmented into:
- Chelating agents
Lauric Arginate Market Regional Outlook
Geographically, the lauric arginate market has been classified into seven regions, including North America, Latin America, Europe, Asia Pacific, Oceania, and the Middle East and Africa. North America is expected to dominate the global lauric arginate market having the largest market share. Asia Pacific region is anticipated to be a developing market for the global lauric arginate market, and to register the highest CAGR over the forecast period, due to consumer preference, and increasing working population in the region. The European region is expected to witness a significant rise in the lauric arginate market during the forecast period because of the rise in demand for frozen and packed food products and the rise in consumption of convenience foods. Latin America has witnessed stable outgrowth in the lauric arginate market share. Middle East & African region has shown enhanced growth in the lauric arginate market.
Lauric Arginate Market Key Players
Due to the increasing demand for lauric arginate food preservatives, the market witness entry of new players in the industry. Manufacturers adopt collaborations and mergers strategy to capture larger market share and mark their presence in the global market. The lauric arginate market share is fragmented in nature.
- Kerry Inc.
- Jungbunzlauer Suisse AG
- Celanese Corporation
- Albermarle Corporation
- Akzo Nobel N.V.
- Hawkins Watts Limited
- Danisco A/S
- Cargill Incorporated
- Kemin Industries, Inc.
- Univar Inc.
- Tate & Lyle
- Koninklijke DSM N.V
- Brenntag Solutions Group, Inc.
The research report presents a comprehensive assessment of the lauric arginate market and contains thoughtful insights, facts, and historical data, as well as statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to lauric arginate market segments such as geography, product type, and end-use industry.
The Lauric Arginate marketer port covers exhaustive analysis on:
- Lauric Arginate market Segments
- Lauric Arginate market Dynamics
- Lauric Arginate market Size
- Lauric Arginate market Supply & Demand
- Lauric Arginate market Current Trends/Issues/Challenges
- Lauric Arginate market Competition & Companies involved
- Lauric Arginate market Technology
- Lauric Arginate market Value Chain
The Lauric Arginate market regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Russia)
- East Asia (China, Japan and South Korea)
- South Asia (India, Thailand, Indonesia, Malaysia)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The lauric arginate market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with lauric arginate market attractiveness as per segments. The report also maps the qualitative impact of various market factors on lauric arginate market segments and geographies.
Lauric Arginate market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and Products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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