The global processed food and beverage preservatives market has a consolidative vendor landscape, the analysts of Transparency Market Research (TMR) estimates based on a detailed investigation. Some of the prominent players in the global processed food and beverage preservatives market are Celanese Corporation, E. I. du Pont de Nemours and Company, Koninklijke DSM N.V., Kerry Group Plc, Galactic SA, and Shanghai Ruidian Trading Development Co.
According to TMR, the global processed food and beverage preservatives market is estimated to expand at a CAGR of 4.9% over the forecast period from 2017 to 2025. With this robust CAGR, the market is expected to attain a value of US$2.5 bn by 2024 from a value of US$1.7 bn in 2015.
Based on the region, North America dominated the global processed food and beverage preservatives market and is likely to remain dominant over the forecast period. This is attributable to the high demand for packaged foods and beverages across the region.
Changing dietary pattern to propel market’s growth
At the bleeding edge of driving the worldwide processed food and beverages preservatives market is the changing dietary patterns of individuals around the world. With rising globalization and bringing of administrative obstacles down to exchange diverse countries, worldwide food and beverage organizations have entered to each edge of the planet. This has changed the dietary patterns of individuals, yet additionally offered ascend to nearby players in the processed food and beverages market, which thus has fed the processed food and beverages preservatives market.
Item Sale Soars With Rising Urbanization
Another factor positively affecting the worldwide processed food and beverages market is the rising urbanization around the world. Expounds the lead expert of the TMR report, "Wild calendar of individuals in urban pockets does not give them much time to plan expand dinners at home. This has prompted high take-up of prepared to-eat foods, solidified food, and canned beverages. This, thus, has prompted higher utilization of engineered preservatives required for expanding the timeframe of realistic usability of processed foods and beverages. Regular items for protecting food and beverages, for example, salt, sugar, and vinegar are likewise observing high take-up."
Processed food and beverage preservatives are added to food and beverages to avert the development of microorganisms. These preservatives are either common or manufactured and are known to build the time span of usability of items without affecting the taste, surface, structure, and healthy benefit of the item. Moreover, they additionally keep the item from getting to be harmful, along these lines making them eatable for a more drawn out timeframe. Attributable to these reasons, the examination report foresees that the worldwide processed food and beverage preservatives market is assessed to observe an unfaltering development.
This information is encompassed in the report by TMR, titled, “Processed Food & Beverage Preservatives Market (Product - Natural and Synthetic; Form - Solid and Liquid; Function - Antimicrobials, Antioxidants, and Chelating Agents; Application - Bakery, Confectionery, Meat, Poultry and Sea Food, Dairy, Beverages, Snack Food, Frozen Food, and Fats and Oils) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”
For the study, the Processed Food & Beverage Preservatives market has been segmented as follows:
- Traditional Yogurt
- Australian Yogurt
- Icelandic Yogurt
- Greek Yogurt
- Non-Dairy Yogurt
- Kids Yogurt
- Other Yogurts
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of Middle East & Africa
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