Artificial Preservatives Market Forecast and CAGR
According to latest research by FACT.MR, artificial preservatives market is set to witness steady growth with a 5.3% CAGR during 2021-2031. The rising demand for convenience food and processed food with extended shelf lives has boosted the demand for artificial preservatives.
Rise in Demand for Processed Foods Propelling the Demand for Artificial Preservatives
Food Preservatives are food additives that are used to enhance the shelf life of the food products besides maintaining the original taste, color, and aroma of the food product.
These additives are responsible for controlling microbial growth which causes food spoilage. These may be synthetically derived or obtained from biological sources.
Artificial preservatives may serve as antioxidants, reduce moisture content, make food more acidic, halt the ripening process, and inhibits the growth of micro-organisms, all of which help the food stay longer.
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U.S. and Canada Demand Outlook for Artificial Preservatives Market
According to the Centres for Disease Control and Prevention, one out of every six Americans gets a foodborne disease each year. This figure may be considerably higher if artificial preservatives were not used to prevent the spread of the organisms that cause these diseases.
For example, Botulism can be deadly. Thus, the demand for artificial preservatives is anticipated in the U.S. and Canadian markets.
Food Processing involves a series of operations wherein the unprocessed foods are converted into foods that have extended shelf life and added additives to enhance and better the original quality and taste of the food product.
Food processing ensures proper food storage and convenience to the consumers by reducing efforts spent in cooking procedures and ready-to-eat food offerings.
Europe Demand Outlook for Artificial Preservatives Market
During the forecast period, the artificial preservatives market in Europe will grow at a significant rate. Some additions increase or preserve the nutritional content of the food.
Vitamins E, A, C, D, folic acid, niacin, pyridoxine, calcium carbonate, riboflavin, thiamine, zinc oxide, and iron are often added to foods such as milk, pasta, bread, biscuits, flour, breakfast cereals, margarine, iodized salt and gelatin desserts. With the increase in usage of artificial preservatives, its demand is increasing in the European region.
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Artificial Preservatives Market: Key Players
Some key manufacturers operating the business in the artificial preservatives market globally includes
- Akzo Nobel N.V
- Koninklijke DSM N.V
- Tate & Lyle
- Danisco A/S
- Univar Inc.
- Brenntag Solutions Group Inc.
- Kemin Industries Inc
- Hawkins Watts Limited.
To increase their market position and expand their competitive edge, these companies are pursuing a strategy that includes new product launches, acquisitions, and collaborations and agreements.
The 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 an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Artificial Preservatives Market Report Highlights:
- Detailed overview of the 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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Artificial Preservatives: Market Segmentation
Based on type, the global artificial preservatives market can be segmented as:
- Sorbic Acid
- Potassium Sorbate
- Benzoic Acid
- Sodium Benzoate
- Propionic Acid
- Sodium Propionate
- Calcium Propionate
- Sulfur Dioxide
- Acetic Acid
- Sodium Diacetate
- Lactic Acid
Based on function, the global artificial preservatives market can be segmented as:
Based on Application, the global artificial preservatives market can be segmented as:
- Dairy Products
- Yogurt and Sour Cream
- Plant Based
- Jams and Spreads
- Meat, Fish & Poultry Products
- Sauces and Dressings
Based on the Region, the global artificial preservatives market can be segmented as:
- North America
- U.S. and Canada
- Latin America
- Mexico, Brazil, Peru, Chile, and others
- Western Europe
- Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg
- Eastern Europe
- Poland and Russia
- Asia Pacific
- China, India, Japan, ASEAN, Australia, and New Zealand
- The Middle East and Africa
- GCC, Southern Africa, and North Africa
- North America
Note: Although care has been taken to maintain the highest levels of accuracy in FACT.MR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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