Food Preservatives Market Worth 2.8 Billion USD by 2020

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Aug 17, 2015, 09:30 ET

CHICAGO, August 17, 2015 /PRNewswire/ --

The report "Food Preservative Market by Type (Natural & Chemical), Function (Antimicrobial, Antioxidant), Application (Oil & Fat, Bakery, Dairy & frozen, Snack, Meat, Poultry & Seafood, Confectionery, Beverage), & Geography - Global Trend & Forecast to 2020", published by MarketsandMarkets, The market for Food Preservatives is projected to reach a value of USD 2.8 Billion by 2020, growing at a CAGR of 2.4% from 2015.

Browse 158 Tables and 49 Figures spread through 242 Pages and in-depth TOC on "Food Preservative Market"

http://www.marketsandmarkets.com/Market-Reports/food-preservatives-market-420.html

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The market report defines and segments the Food Preservatives Market with analyses and projections of the market size, in terms of value. The market has been segmented on the basis of type, function, and application. The report also identifies the driving and restraining factors of the global market with an analysis of trends, opportunities, and challenges. The market is segmented and the market size is projected on the basis of key regions such as North America, Europe, Asia-Pacific, and Rest of the World (RoW).

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This research report includes the market for food preservatives used in meat, poultry, & seafood products, beverages, confectionery, snacks, dairy & frozen products, oils & fats, and bakery. The market for food preservatives is projected to reach a value of USD 2.8 Billion by 2020, at a CAGR of 2.4% from 2015.

Food preservatives has been a boon which has enabled to increase the shelf-life of food products and obtaining certain functional properties suitable to a wider range of industrial applications in food industries. There is a strong co-relation seen between the trends of the global preservatives market and the global processed food and beverage markets. The key aspect for this co-relation is the role played by preservatives for shelf-life enhancement. The growing demand for the processed foods, owing mainly to the changing lifestyle and the purchasing power of the consumer, has also fueled the growth for the food preservation additives market. The stricter legislatives and regulations with respect to food safety and shelf-life, has meant that processing industries are keen on getting the right formulation to present the best food product to the consumer, and preservatives play a pivotal role in this aspect. The main driving force for the growing market is the scope and range of food preservation and shelf-life extension technology.

North America dominates global Food Preservatives Market followed by the Asia-Pacific region. The Asia-Pacific food and beverage sector is greatly influenced by the consumer preference for healthy eating, trend towards natural and organic foods and the growing need for convenience food products. With economies showing positive signs of recovery, on-going industrialization, increasing demand for processed foods, and a greater preference on the part of consumers for quality products, ingredient suppliers are becoming increasingly optimistic about the future.

Processed meat, poultry & seafood products consumes the major share of global Food Preservatives Market. Preservatives are used in processed meats for food safety, and to extend shelf-life. Sodium nitrite or potassium nitrite play a key role in the safety of processed meats. Nitrites, or in slow-cured meats sodium or potassium nitrates which are gradually converted to nitrites, are the key ingredients in meat cures. They provide excellent protection against botulism in processed meats. At the same time, their use results in the characteristic color and flavor of cured meats.

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