Organic Food Preservatives Market to grow at a CAGR of 4.71% by 2026|34% of growth to Originate From North America |17000+ Technavio Reports
NEW YORK, Dec. 3, 2021 /PRNewswire/ -- The consumption of several artificial preservatives, such as nitrates, benzoates, sulfites, sorbates, parabens, and formaldehyde, can lead to serious health hazards such as hypersensitivity, allergy, asthma, hyperactivity, neurological damage, and cancer. So, the health problems related to chemical food preservatives will drive the demand for organic food preservatives in the coming years. However, threats from substitute products might impact the market growth adversely during the forecast period. The organic food preservatives market share is set to grow by USD 367.66 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.71%.
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34% of the market's growth will originate from North America. The US, Canada, and Mexico are the key markets for organic food preservatives in the region. Consumers in North America are opting for alternative choices to lower the impact on health, which leads to a shift to organic products rather than food that has a high chemical content, which, in turn, will facilitate the organic food preservatives market's growth in North America.
Read the 120-page report with TOC on "Organic Food Preservatives Market Analysis Report by Application (bakery and confectionary, beverages, dairy, sweet and savory snacks, and others) and Geography (North America, Europe, APAC, South America, and MEA), and the Segment Forecasts,2022-2026" https://www.technavio.com/report/report/organic-food-preservatives-market-industry-analysis
Major Organic Food Preservatives Companies:
The organic food preservatives market is fragmented, and the vendors are deploying both organic and inorganic growth strategies to compete in the market.
- Archer Daniels Midland Co.
- Cargill Inc.
- Hawkins Watts Ltd.
- International Flavors and Fragrances Inc.
- Kalsec Inc.
- Kemin Industries Inc.
- Koninklijke DSM NV
- Merck KGaA
- Tate and Lyle Plc
- Univar Solutions Inc.
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Organic Food Preservatives Market Application Outlook (Revenue, USD mn, 2021-2026)
- Bakery and confectionary - size and forecast 2021-2026
- Beverages - size and forecast 2021-2026
- Dairy - size and forecast 2021-2026
- Sweet and savory snacks - size and forecast 2021-2026
- Others - size and forecast 2021-2026
Organic Food Preservatives Market Geography Outlook (Revenue, USD mn, 2021-2026)
- North America - size and forecast 2021-2026
- Europe - size and forecast 2021-2026
- APAC - size and forecast 2021-2026
- South America - size and forecast 2021-2026
- MEA - size and forecast 2021-2026
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Organic Food Preservatives Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2021 |
Forecast period | 2022-2026 |
Growth momentum & CAGR | Accelerate at a CAGR of 4.71% |
Market growth 2022-2026 | USD 367.66 million |
Market structure | Fragmented |
YoY growth (%) | 5.41 |
Regional analysis | North America, Europe, APAC, South America, and MEA |
Performing market contribution | North America at 34% |
Key consumer countries | US, Canada, Germany, China, UK, Japan, France, Mexico, and India |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | Archer Daniels Midland Co., Cargill Inc., Hawkins Watts Ltd., International Flavors and Fragrances Inc., Kalsec Inc., Kemin Industries Inc., Koninklijke DSM NV, Merck KGaA, Tate and Lyle Plc, and Univar Solutions Inc. |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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