The Food Preservatives Market Share to 2021 Dominated by North America

Aug 30, 2016, 06:00 ET from ReportsnReports

PUNE, India, August 30, 2016 /PRNewswire/ --

The worldwide market for food preservatives is led by meat, poultry, & seafood products in terms of application with the largest share in 2015 while North America is expected to dominate the market in terms of market share between 2016 and 2021 driven by high demand for food products with prolonged shelf-life and convenience foods.

Complete report on global food preservatives market spread across 235 pages, profiling 10 companies and supported with 158 tables and 49 figures is now available .

The food preservatives market is projected to reach USD 2.94 billion by 2021at a CAGR of 2.5% from 2016 to 2021. The market is driven by factors such as high demand for food products with prolonged shelf-life, rise in demand for convenience foods, and the use of natural food preservatives for meat & poultry products in the western countries of North America and Europe.

Preservatives are an important factor in the meat, poultry, & seafood industry. Preservatives added to cured meats, bacon, and ground beef are sodium nitrite, which are added to destroy toxins, and react with proteins in the meat. Solutions used by meat processors to improve the shelf-life and taste can also help to reduce pathogens, including E. coli. Preservatives for meat are needed on a large scale, this is because meat is a very commonly consumed product across the globe and the consumption is high in major regions such as North America, Asia-Pacific, Europe, and Latin America. The economy is rising in these regions, which has given consumers the opportunity to consume meat on a regular basis.

The North American region consumers are on the lookout for minimally processed convenience foods, with long storage lives. This has heightened the need for appropriate food safety concerns and preservatives to extend shelf-life, which has become increasingly important and critical. The burgeoning demand for such convenience food products is expected to have a high impact on the food preservatives market in North America right through to 2016, which also leads to a large market share during the review period.

Akzo Nobel N.V. (Netherlands), Danisco A/S (Denmark), Cargill, Incorporated (U.S.), Univar Inc. (U.S.), and Koninklijke DSM N.V (Netherlands) collectively, accounted for the largest portion of the food preservatives market in 2015. Other players such as Brenntag Solutions Group, Inc. (Germany), Tate & Lyle (U.K.), Kemin Industries, Inc. (U.S.), Galactic (Belgium), and Hawkins Watts Limited (New Zealand) also have a strong presence in this market. Order a copy of Food Preservatives Market by Type (Natural and Synthetic), Function (Antimicrobials and Antioxidants), Application (Oil & Fat, Bakery, Dairy & frozen, Snack, Meat, Poultry & Seafood, Confectionery, and Beverage), and by Region - Global Forecast to 2021 research report at .

In the process of determining and verifying, the food preservatives market for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (35%), Tier 2 (40%) and Tier 3 (25%) companies were contacted for primary interviews. The interviews were conducted with various key people such as Director Level (25%), C Level (35%) and others (40%) from various key organizations operating in the food preservatives market. The primary interviews were conducted worldwide covering regions such as North America (20%), Europe (30%), Asia-Pacific (40%) and Rest of World (10%).

On a related note, another research on Food Encapsulation Market Global Forecasts to 2021 says, Physical process leads the food encapsulation technology market with the largest share in 2015. Emulsifiers and lipids are the fastest-growing shell material market in food encapsulation. The overall market projected to reach USD 41.74 billion by 2021, at a CAGR of around 6.0% from 2016. India and China are the fastest-growing markets for food encapsulation. Companies like Cargill, Incorporated, Friesland Campina Kievit, Royal DSM, Kerry Group, and Ingredion Incorporated have been profiled in this 168 pages research report available at .

Explore more reports on the Food and Beverages market at .

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