Food Preservatives Market was valued at US $ 2.85 Bn. in 2022. Food Preservatives Market size is expected to grow at a CAGR of 4.62%. The market is expected to reach a value of US $ 3.92 Bn in 2029.
Food Preservatives Market Report Scope and Research Methodology :
The analysis is conducted through a robust research methodology, including extensive market research and data analysis. The report employs PORTER and PESTEL analyses, considering micro-economic factors for a clear understanding of the industry’s past, present, and future.
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Food Preservatives Market Dynamics:
The market dynamics reveal a growing preference for food products with extended shelf life, driven by evolving consumer lifestyles. The rise in demand for health-conscious foods, especially in the functional beverage sector, is contributing to the market’s growth. However, challenges arise from the increasing preference for natural and organic foods, leading to regulatory constraints and rising costs.
Food Preservatives Market Regional Insights:
The Asia Pacific region is expected to experience significant growth, with a forecasted CAGR of 4.62%. Factors such as western eating patterns, rising disposable incomes, and lifestyle disparities in countries like China and India are major contributors. China’s food preservative market is projected to grow at a CAGR of 4.67%, driven by demand in categories like oil & fat, confectionary, dairy & frozen products, and meat & poultry.
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Food Preservatives Market Segmentation:
by Function
Anti-Microbial
Anti-Oxidant
Others
by Type
Synthetic
Natural
Food Preservatives Market Key Players:
1. Kemin Industries, Inc
2. Tate & Lyle
3. Brenntag Solutions Group, Inc
4. Kerry Group
5. JEY’S F.I Inc
6. Dupont
7. Corbion N.V
8. BASF SE
9. Royal DSM N.V
10.Prinova Group
11.Kemin Industries, Inc
12.Galactic S.A
13.Univar Inc
14.Celanese Corporation
15.Chr. Hansen A/S
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Table of content for the Food Preservatives Market includes:
Key Offerings:
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