Food Preservatives Market
Food Preservatives Market: Overview
Food preservatives are nothing but an addition to the food in order to preserve their quality and to prevent it from damaging due to natural factors. Basically, food preservatives consist of sodium nitrate, sodium nitrite, calcium propionate, disodium EDTA and sulfites (sodium bisulfite, sulfur dioxide, potassium hydrogen sulfite, and others). Preservatives also include antioxidants that reduce the oxygen content to prevent the food from spoilage. These antioxidants consist BHA and BHT.
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Food Preservatives Market: Segmentation
The global food preservative market can be classified based on various aspects such as functions, type, and applications. On the basis of the type of functions, the global food preservative market is classified as antimicrobials and antioxidants. Based on the type the global food preservative market is divided as natural and synthetic. Based on the type of applications global food preservative market is also segmented as bakery, oils & fats, frozen products & dairy, meat, snacks, poultry, confectionery, seafood products, and beverages.
Food Preservatives Market: Growth Factors
The global food preservative market is showing a drastic growth owing to changing consumer preferences. Escalated growth in food products trade and lifestyle of the people has accelerated the growth of the global food preservatives market. Consumers majorly focusing on preventive measures by focusing on healthy eating habits has also motivated the growth. Demand for hygienic and safe food is also driving the global food preservative market. Additionally, growing number of patients due to foodborne diseases is causing the global food preservative market to rise. Use of advanced technology in the industry is also one of the factors that are boosting the global food preservative market. Increase in the job opportunities has led the growth of the global food preservative market. Moreover, affordable cost of the labor is one factor that lends a helping hand in the growth of global food preservative market. The high cost of the raw materials is hampering the global food preservative market. In addition to this, the rise in the cost of transportation is the main reason that is restraining the growth of global food preservative market.
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Food Preservatives Market: Regional Analysis
Geographically, North America is currently the dominating the region and leading the growth of global food preservative market owing to the advanced use of technology and demand for the hygienic food. India and China are expected to show a drastic change in the development of global food preservative market in the near future owing to the increased awareness among the people. Other countries are likely to show a steady and moderate growth in the global food preservative market.
Food Preservatives Market: Competitive Players
Some of the leading players having their influence in the global market include Cargill, Incorporated, Danisco A/S, Akzo Nobel N.V, Koninklijke DSM N.V., Univar Inc., Brenntag Solutions Group, Inc., Tate & Lyle, Kemin Industries, Inc., Galactic, and Hawkins Watts Limited. Mergers and acquisition among key players as well as new companies entering the market with novel product range are also anticipated to drive the food preservatives market.
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Food Preservatives Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- The UK
- France
- Germany
- The Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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