Food Preservatives Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2014 - 2020
Global Food Preservatives Market: Overview
The food and beverage processing industry has been primarily shaped by consumer preference for safe and hygienic foods. The need for preservatives, natural as well as synthetic, is fuelling the demand for food additives and ingredients that inhibit the growth of bacteria, fungi, and micro-organisms. In the process, they help prolong shelf life and enhance color, flavor, and texture of foods hence, preserve the natural characteristics of the foods. The food preservatives market is rapidly evolving and has witnessed a variety of interesting trends and competitive dynamics in major region such as North America, Europe, and Asia Pacific.
The increasing demand for natural food preservatives and the rising consumption of organic foods are crucial growth drivers in the food preservatives market along the forecast period. The global food preservatives market was valued at US$2 bn in 2013 and is anticipated to reach US$2.5 bn by 2020 expanding at a CAGR of 3.5% during the forecast period 2014 – 2020.
Natural Food Preservatives to Witness Significant Demand
The global food preservatives market is segmented on the basis of applications, product type, and regions. In terms of product type, the global market was dominated by synthetic food preservatives in 2013. However, heightened health concerns of people worldwide have led manufacturers to address food safety issues.
The natural food preservatives segment is expected to witness impressive growth over the forecast period. The marked growth is attributed to the rising preference for natural foods over synthetic preservatives and continuous initiatives by manufacturers to produce foods that use natural preservatives. This is expected to create vast growth opportunities for the players in the food preservatives market. More research and development activities related to natural preservatives will open exciting opportunities for the market players.
The global food preservatives market is majorly driven by the increasing consumption of convenience foods and the soaring demand for organic food products. The rising availability of convenience products, such as frozen foods and ready-to-eat dry products, worldwide adds momentum to the growth of the market. Coupled with this, the growing need for enhancing the shelf life of various perishable foods and making them safe and hygienic for combustion are expected to propel the demand for food preservatives.
Food preservatives are used in different processed and convenience food products such as snacks, processed meat, confectionery and cakes to prevent any spoilage due to bacteria and microbe. However, stringent government regulations related to food additives used as preservatives and an increasing number of chemicals compounds discouraged for their cariogenic effects are likely to hinder the market growth to some extent.
Asia Pacific to Exhibit Impressive Growth; However, Scales tilting in favour of RoW
Geographically, the report segments the market into North America, Europe, Asia Pacific, and Rest of the World (RoW). Amongst these, currently North America leads the global food preservatives market and the growth is driven by increasing demand for hygienic foods, especially organic foods. The regional market is forecast to rise to US$921.6 mn by 2020 and is anticipated to reach US$921.6 mn before the end of 2020.
Asia Pacific is expected to witness a robust growth over the next five years driven by soaring demand for food products, especially convenience foods in countries such as Australia, China, and South Korea. However, RoW is expected to exhibit most significant growth along the forecast period.
The report provides detailed profile of key market players and the strategies adopted by them to strengthen their market presence across various regions.
Major players operating in the global food preservatives market include Koninklijke DSM N.V., Corbion N.V., Du Pont, Cargill Incorporated, Kerry Group, Celanese Corporation, JEY'S F.I. INC., Archer Daniels Midland Company, Chr. Hansen A/S, and BASF SE.
Food preservatives, both natural and synthetic, are added to end products to prevent food spoilage owing to microbial growth and extend their overall shelf life. Given the significance of food preservatives in a booming packaged and processed foods industry, this market is estimated to witness modest growth during the forecast period.
The research report studies the global food preservatives market by segmenting it on the basis of several parameters: product type, function, application, and geography. By product type, the food preservatives market is bifurcated into synthetic preservatives and natural preservatives. By function, the market is divided into antioxidants and antimicrobial. By application, the food preservatives market is segmented into meat, poultry, and sea foods, beverages, dairy and milk products, bakery products, and others. By geography, the global food preservatives market is fragmented into Asia Pacific, North America, Europe, and Rest of the World.
This research study is designed with the help of accurate, objective, and latest data and is supported by necessary market figures as well as inputs from industry experts. It serves as an idea tool for direction and decision-making in a developing global market.
Overview of the Food Preservatives Market
According to the report, the global food preservatives market is estimated to expand at a modest CAGR of 3.50% from 2014 to 2020, growing from a value of US$2,000 mn in 2013 to US$2,560 mn by 2020. This growth can be attributed to factors such as surging demand for convenience foods, rising demand for organic food products, growing concern for food safety, and increasing incidence of disease outbreaks. The rising demand for natural food preservatives and mixing a variety of preservatives to bring down overall cost is anticipated to support the market over the next five years. However, difficulties working with natural preservatives, stringent government regulations, and interventions threaten to impede the growth of the food preservatives market.
The demand for synthetic food preservatives currently surpasses that of natural preservatives. However, this is expected to change in the coming years with large number of manufacturers focusing on developing natural ingredients. North America presently dominates the global food preservatives market, with the value of this regional segment to rise from US$729.8 mn in 2013 to US$921.6 mn in 2020. Driven by escalating demand for food, Asia Pacific is anticipated to witness a strong growth over the next five years. However, the Rest of the World region will emerge as the most rapidly developing segment by the end of the forecast period, registering a CAGR of 4.0% from 2014 to 2020.
Companies Mentioned in the Report
The leading players competing in the global food preservatives market are Koninklijke DSM N.V., Cargill Incorporated, Corbion N.V., Celanese Corporation, JEY\'S F.I. INC., The Archer Daniels Midland Company, Kerry Group, Chr. Hansen A/s, BASF SE, and Du Pont.
Global Food Preservatives Market by Product Type
- Natural Preservatives
- Synthetic Preservatives
Global Food Preservatives Market by Function
Global Food Preservatives Market by Application
- Dairy and milk products
- Meat, poultry and sea food products
- Bakery products
- Beverages products
- Other products
Global Food Preservatives Market by Geography
- North America
- Asia Pacific
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.
TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.
Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:
Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.
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Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Chapter 1 Preface
1.1 Report Description
1.2 Market segmentation
1.2.1 Food preservatives market segmentation, type and geography
1.3 Research scope
1.4 Research Methodology
Chapter 2 Executive Summary
2.1 Global food preservatives market revenue, 2013 - 2020 (USD Million)
2.2 Global Food Preservatives Market Snapshot
Chapter 3 Food Preservatives Market – Industry Analysis
3.1.1 Classification of food preservatives
3.2 Value chain analysis
3.2.1 Value chain analysis of global food preservatives market
3.3 Market Drivers
3.3.1 Drivers for food preservatives market: Impact analysis
3.3.2 Increasing demand for convenience food
3.3.3 Increasing demand for organic food products
3.3.4 Disease outbreaks increasing the need for food preservatives
3.4 Market Restraints
3.4.1 Restraints for food preservatives market: Impact analysis
3.4.2 Stringent government regulatory structure and intervention
3.4.3 Difficulties working with natural food preservatives
3.5 Market Opportunities
3.5.1 Increasing demand for natural food preservatives
3.5.2 Mixing of different preservatives to reduce the cost
3.6 Porter’s five forces analysis
3.6.1 Bargaining power of suppliers
3.6.2 Bargaining power of buyers
3.6.3 Threat of new entrants
3.6.4 Threat of substitutes
3.6.5 Degree of competition
3.7 Market Attractiveness Analysis
3.8 Key players of food preservatives by country
3.9 Global finished products by preservatives
Chapter 4 Food Preservatives Market- Product Segment Analysis
4.1 Global food preservative market, by product type: Overview
Chapter 5 Food Preservatives Market – Function Segment Analysis, 2013-2020
5.1 Global food preservative market, function segment: Overview
Chapter 6 Food Preservatives Market- Application Analysis, 2013 - 2020
6.1 Food preservatives market, by application: Overview
6.1.1 Global food preservatives market revenue share, by application analysis , 2013 and 2020
6.1.2 Dairy and milk products
184.108.40.206 Food preservatives used in dairy and milk products, 2013 – 2020 (USD million)
6.1.3 Meat, poultry and sea food products
220.127.116.11 Food preservatives used in meat, poultry and sea food, 2013 – 2020 (USD million)
6.1.4 Bakery products
18.104.22.168 Food preservatives used in bakery products, 2013 – 2020 (USD million)
6.1.5 Beverages products
22.214.171.124 Food preservatives used in beverages, 2013 – 2020 (USD million)
6.1.6 Other products
126.96.36.199 Food preservatives used in other products, 2013– 2020(USD million)
Chapter 7 Food Preservatives Market- Regional Analysis, 2013 - 2020
7.1 Global food preservative market: geographical overview
7.1.1 Global food preservative market, revenue share by geography, 2013 and 2020
7.2 North America
7.3.1 Europe food preservatives market revenue, by type, 2013 - 2020 (USD million)
7.4 Asia Pacific
7.4.1 Asia Pacific food preservatives market revenue, by type, (2013 – 2020) (USD million)
7.5 Rest of the World
7.5.1 Rest of the World food preservatives market revenue, by type, 2013 - 2020 (USD million)
Chapter 8 Company Profiles
8.1 BASF SE
8.1.1 Company overview
8.1.2 Financial overview
8.1.3 Business strategy
8.1.4 Recent development
8.2 Cargill, Incorporated
8.2.1 Company overview
8.2.2 Financial overview
8.2.3 Business strategy
8.2.4 Recent developments
8.3 Celanese Corporation
8.3.1 Company overview
8.3.2 Financial overview
8.3.3 Business strategy
8.3.4 Recent developments
8.4 Chr. Hansen A/S
8.4.1 Company overview
8.4.2 Financial overview
8.4.3 Business strategy
8.4.4 Recent developments
8.5 Corbion N.V.
8.5.1 Company overview
8.5.2 Financial overview
8.5.3 Business strategy
8.5.4 Recent developments
8.6.1 Company overview
8.6.2 Financial overview
8.6.3 Business strategy
8.6.4 Recent developments
8.7 JEY\'S F.I. INC.
8.7.1 Company overview
8.7.2 Financial overview
8.7.3 Business strategy
8.8 Kerry Group
8.8.1 Company overview
8.8.2 Financial overview
8.8.3 Business strategy
8.8.4 Recent developments
8.9 Koninklijke DSM N.V.
8.9.1 Company overview
8.9.2 Financial overview
8.9.3 Business strategy
8.9.4 Recent developments
8.10 The Archer Daniels Midland Company
8.10.1 Company overview
8.10.2 Financial overview
8.10.3 Business strategy
8.10.4 Recent developments
List of Tables
TABLE 1 Global Food Preservatives Market Snapshot
TABLE 2 Drivers for food preservatives market: Impact analysis
TABLE 3 Restraints for food preservatives market: Impact analysis
TABLE 4 Australia Food Preservatives Company Share, 2013 (%)
TABLE 5 China Food Preservatives Company Share, 2013 (%)
TABLE 6 Indonesia Food Preservatives Company Share, 2013 (%)
TABLE 7 South Korea Food Preservatives Company Share, 2013 (%)
TABLE 8 Taiwan Food Preservatives Company Share, 2013 (%)
TABLE 9 Thailand Food Preservatives Company Share, 2013 (%)
TABLE 10 Global finished products by preservatives
TABLE 11 Global synthetic food preservatives market revenue, by type, 2013 - 2020 (USD million)
TABLE 12 North America food preservatives market revenue, by type, 2013 - 2020 (USD millions)
TABLE 13 Europe food preservatives market revenue, by type, 2013 - 2020 (USD millions)
TABLE 14 Asia Pacific food preservatives market revenue, by type, (2013 – 2020)(USD million)
TABLE 15 Asia Pacific food preservatives market revenue, by country, 2013 - 2020 (USD million)
TABLE 16 Rest of the World food preservatives market revenue, by type, 2013- 2020 (USD millions)
List of Figures
FIG. 1 Global food preservatives market segmentation, by type and geography
FIG. 2 Global food preservatives product market revenue, 2013 - 2020 (USD Million)
FIG. 3 Classification of food preservatives
FIG. 4 Value chain analysis of global food preservatives market
FIG. 5 Porter’s five forces analysis for food preservatives market
FIG. 6 Food preservatives market by geography, (2013)
FIG. 7 Global food preservatives market, share by product type, 2013 and 2020 (Value %)
FIG. 8 Global Natural Food Preservatives Market, Value, 2013 – 2020 (USD million)
FIG. 9 Global Synthetic Food Preservatives Market, Value, 2013– 2020 (USD million)
FIG. 10 Global food preservatives market, share by function segment, 2013 and 2020 (Value %)
FIG. 11 Global Antimicrobial Food Preservatives Market, Value, 2013– 2020 (USD million)
FIG. 12 Global Antioxidants Food Preservatives Market, Value, 2013 – 2020 (USD million)
FIG. 13 Global Others Food Preservatives Market, Value, 2013 – 2020 (USD million)
FIG. 14 Global food preservatives market, revenue share by application, 2013 and 2020 (Value %)
FIG. 15 Food Preservatives used in dairy and milk products market, 2013 – 2020 (USD million)
FIG. 16 Food preservatives used in meat, poultry and sea food, 2013 – 2020 (USD million)
FIG. 17 Food preservatives used in bakery products, 2013 – 2020 (USD million)
FIG. 18 Food preservatives used in beverages, 2013 – 2020 (USD million)
FIG. 19 Food preservatives used in other products, 2013 – 2020 (USD million)
FIG. 20 Global food preservatives market, revenue share by geography, 2013 and 2020 (Value %)
FIG. 21 North America food preservatives market, value, 2013 – 2020 (USD million)
FIG. 22 Europe food preservatives market, value, 2013 – 2020 (USD million)
FIG. 23 Asia Pacific food preservatives market, value, 2013– 2020 (USD million)
FIG. 24 Rest of the World food preservatives market, value, 2013 – 2020 (USD million)
FIG. 25 Annual Revenue of BASF SE, 2011 - 2013 (USD billion)
FIG. 26 Annual Revenue of Cargill, Incorporated, 2011 - 2013 (USD billion)
FIG. 27 Annual Revenue of Celanese Corporation, 2011 - 2013 (USD billion)
FIG. 28 Annual Revenue of Chr. Hansen A/S, 2011 - 2013 (USD million)
FIG. 29 .Annual Revenue of Corbion N.V., 2011 - 2013 (USD million)
FIG. 30 Annual Revenue of DuPont, 2011 - 2013 (USD billion)
FIG. 31 Annual Revenue of Kerry Group, 2011 - 2013 (USD billion)
FIG. 32 Annual Revenue of Koninklijke DSM N.V., 2011 - 2013 (USD billion)
FIG. 33 Annual Revenue of The Archer Daniels Midland Company, 2011 - 2013 (USD billion)