Preservative Blends Market

Demand for Extended Shelf Life and High Quality to Drive Preservative Blends Market

Preservatives refer to man-made or natural chemicals, which are added to food items in a bid to prevent them from spoilage. Fresh food items are actually preserved everyday by storing food items in freezer of fridge. Meats cooked over burning coal or wood or smoking fish are also considered as preservation methods. The global preservative blends market is estimated to gather momentum from the growing popularity of packaged food products.

Preservatives make use of various methods, some of which are

• Reducing the moisture content and increasing acidity
• stopping the development of microorganisms
• acting as an antioxidant
• preventing the process of natural ripening

Lowering of food wastage is estimated to be one of the major advantages of utilization of preservatives.

Wide Scope of Application in the Food Industry to Spell Growth for the Market

The growth of the global preservative blends market is likely o be shaped by the increased use of cosmetic products. In addition to that, rising prominence of packaged food products due to changing lifestyle and food preference of consumers is likely to work in favor of the global preservative blends market in the near future.

Rising disposable income together with propensity to spend on various cosmetic and packaged food products is expected to drive the demand for preservative blends over the tenure of assessment. Inclination of the younger generation to make increased use of cosmetics and other grooming products is further likely to shoot up demand for the preservative blends.

In addition to cosmetics, preservation also plays an extremely important role in the food sector. Preservatives are needed to prolong shelf life and maintain quality of the product. Preservative blends are able to survive at process temperature. The product is also able to serve as an enabler for packaged and frozen food products. Wish such wide scope of application, the global preservative blends market is estimated to witness considerable growth over the tenure of assessment.

Global Preservative Blends Market: Snapshot

The global preservative blends market is anticipated to rise significantly over the next few years, thanks to the upswing in their demand from a number of application areas, especially beauty care, home care, and personal care. The increasing demand for premium personal care products, boosted by the change in the lifestyle of consumers due to their rising disposable income, is likely to have a positive impact on this market in the years to come. However, the increasing implementation of stringent government rules and regulation regarding the usage of these preservatives, considering various side-effects of chemical preservatives and the disorders and infections caused by them may restrict the market from growing steadily in the near future.

The global preservative blends market offered an opportunity worth US$133.5 mn in 2015. Progressing at a CAGR of 5.60% between 2016 and 2024, the market is estimated to reach US$215.9 mn by the end of 2024.

Asia Pacific to Continue as Dominant Regional Market

The worldwide market for preservative blends stretches across Europe, Asia Pacific, the Middle East and Africa, North America, and Latin America. With a share of more than 35%, Asia Pacific held the dominant position in this market in 2015. The Rising population and the increasing awareness level of consumers regarding personal care and beauty products led the demand for preservative blends in this region. Over the forthcoming years, the Asia Pacific preservative blends market is likely to retain its dominance, thanks to the swelling demand for these preservatives in the beauty, home, and personal care applications.

On the other hand, North America and Europe are projected to exhibit a stable rise in their respective markets for preservative blends in the years to come. However, as the markets in Latin America and the Middle East and Africa are growing exponentially, they are likely to be proved as most profitable markets for producers in the near future. In the Middle East and Africa, the GCC countries are expected to surface as the key contributor to preservative blends market on account of the presence of well-established manufacturers.

Demand from Personal Care Application Segment to Remain High

Preservative blends are most prominently applied in beauty care, home care, and personal care products. Among these, the demand for these preservatives from personal care products is greater than others. With the rise in awareness among consumers regarding personal health and hygiene, coupled with the increase in purchasing power, the application of these preservatives in personal care products is expected to remain high over the forthcoming years.

The beauty care segment is also projected to demonstrate a high demand rate, thanks to the significant growth of the beauty care market. The accelerating interest of people in personal grooming is influencing the sales of beauty products significantly, which is likely to reflect positively on the demand for preservative blends from this segment in the years to come.

Troy Corp., Thor Personal Care, Spectrum Chemical, Sharon Laboratories, Schülke Inc., Salicylates & Chemicals Pvt. Ltd., ISCA UK Ltd., Dr. Straetmans GmbH, CISME Italy SRL, The Dow Chemical Co., Lonza, Lanxess, Clariant International Ltd., BASF SE, and Ashland are some of the leading players operating in the global preservative blends market.