Global Processed Food and Beverage Preservatives Market: Overview
Processed food and beverage preservatives are added to food and beverages to prevent the growth of microorganisms. These preservatives are either natural or synthetic and are known to increase the shelf life of products without impacting the taste, texture, form, and nutritional value of the product. Additionally, they also prevent the product from becoming toxic, thus making them edible for a longer period of time. Owing to these reasons, the research report anticipates that the global processed food and beverage preservatives market is estimated to witness a steady growth. According to the research report, the global processed food and beverage preservative market is expected to reach a valuation of US$2.5 bn by the end of 2024 as compared to US$1.7 bn in 2015. The global market is estimated to progress at a CAGR of 4.9% between 2016 and 2024.
Urbanization Offers Lucrative Opportunities to Global Market
The rapid urbanization and the rise of the working class population are the primary growth drivers for the global market. These reasons have been pivotal to the lack of time available for the preparation of elaborate meals. Thus, several consumers are opting for frozen foods and beverages. The global market is also being driven by the impact of global warming, which has caused climatic changes triggering frequent spoilage of food items. With rising temperatures, it has become crucial to preserve food in the right way to prevent it from turning toxic. Analysts anticipate that the demand for processed food and beverage preservatives is expected will also rise as several consumers are opting for storing food for the sake of convenience.
Out of the natural products used for preserving food and beverages, salt held the lion’s share in the global market, which was closely followed by sugar and vinegar. The research report estimates that rosemary extract segment will be the fastest growing segment in the coming few years. Amongst the synthetic preservatives, benzoate is leading the global market. Sorbate closely follows the lead due to its excessive usage in yogurt, wine, cheese, dried meats, apple cider, and baked goods.
North America to Continue to Grow over Forecast Period
On the basis of geography, the global market is segmented into Europe, Asia Pacific, the Middle East and Africa, North America, and Latin America. Presently, North America has a leading share in the global market due to an exceptionally high demand for packaged foods and beverages by consumers across the region. Several consumers are opting for packaged food items due to their sheer convenience. Analysts anticipate that Asia Pacific will also be an emerging market due to rapid urbanization and changing lifestyle of consumers. Furthermore, the tropical climate of Asia Pacific, which makes food and beverages susceptible to spoilage, will also augment the demand for processed food and beverage preservatives in the region in the coming few years.
Some of the key players in the global processed food and beverage preservatives market are Celanese Corporation, Koninklijke DSM N.V., E. I. du Pont de Nemours and Company, Kerry Group Plc, Shanghai Ruidian Trading Development Co., Galactic SA, Hawkins Watts Limited, Cargill, Incorporated, Innophos Holdings Inc, Kemin Industries, Inc., Akzo Nobel N.V., Albemarle Corporation, Naturalin Bio-Resources Co., Ltd, Shandong Kunda Biotechnology Co., Ltd., Ningbo Pangs Chem Int'l Co., Ltd., Ecochem Group Co., Ltd., and Zhejiang Silver Elephant Bioengineering Co., Ltd.
Global Processed Food and Beverage Preservative: Overview
This report covers the analysis and forecast of the processed food & beverage preservatives market on a global and regional level. The study provides historic data of 2015 along with forecast for the period between 2016 and 2024 based on volume (kilo tons) and revenue (US$ Mn).
The study provides a decisive view of the processed food & beverage preservatives market by segmenting it based on product type, form, function, application, and regional demand. Product type segmentation includes analysis on type of preservatives used in processed food & beverage and their future projections. Form segment includes analysis on solid and liquid preservatives and their current and future trends. Function segments have been analyzed based on current trends and future potential. The market has been estimated from 2016 to 2024 in terms of revenue (US$ Mn) and volume (kilo tons). Regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. These have been further sub-segmented into countries and regions with relevance to the market. The segmentation also includes demand for product type, form, function, and applications in all regions.
Global Processed Food and Beverage Preservative: Divers and Trends
The study covers the drivers and restraints governing the dynamics of the market along with their impact on demand during the forecast period. Additionally, the report includes potential opportunities in the processed food and beverage preservatives market on the global and regional level.
We have included competitive landscape of the market. The study encompasses market attractiveness analysis, wherein all the segments have been benchmarked based on their market size, growth rate, and general attractiveness for future growth.
The market has been forecast based on the amount of different form of preservatives in demand. Demand for processed food and beverage preservatives vary in each region as a result of the food habits of consumers in the region and climatic conditions that prevails in each region. Individual product type, form, functions, and application have been taken into account while estimating and forecasting overall revenue and volume.
Global Processed Food and Beverage Preservative Market: Scope
Market estimates for this study have been based on revenue and volume. The factors for use of preservatives in each application have been considered in calculating the revenue of the market. Demand for processed food and beverage preservatives has been derived by analyzing the global and regional demand for processed food and beverage preservatives in each application. The global processed food and beverage preservatives market has been analyzed based on expected demand. Market data for each segment is based on corresponding revenues and volume. Factors considered for calculation of revenue and volume is drivers, restraints, and opportunities.
The report provides the size of the processed food and beverage preservatives market in 2015 and the forecast for the next nine years up to 2024. The size of the global processed food and beverage preservatives market is provided in terms of revenue and volume. Market revenue for regions is defined in US$ Mn and volume in kilo tons. The market size and forecast for each product segment is provided in the context of global and regional markets. Numbers provided in this report are derived based on demand generated from different products, form, function and application. Market dynamics prevalent in North America and Asia Pacific have been taken into account for estimating the growth of the global market.
Forecasts have been based on the expected demand from processed food and beverage preservatives applications. We have used the top – down and bottom - up approach to estimate the market, split into regions. The application split of the market has been derived using a top-down approach for each regional market separately, with the global application segment split being an integration of regional estimates. Companies were considered for their product portfolio, revenue, and manufacturing capacity. In the absence of specific data related to the sales of processed food and beverage preservatives of several privately held companies, calculated assumptions have been made in view of the company’s product portfolio and regional presence along with the demand for products in its portfolio.
Key Players Mentioned in the Research Report are:
The report covers a detailed competitive outlook that includes market share and company profiles of key players operating in the global market. Key players profiled in the report include Celanese Corporation, Koninklijke DSM N.V., E. I. du Pont de Nemours and Company, Kerry Group Plc, Galactic SA, Hawkins Watts Limited, Innophos Holdings Inc, Kemin Industries, Inc., Cargill, Incorporated, Akzo Nobel N.V., Albemarle Corporation, Naturalin Bio-Resources Co., Ltd, Shandong Kunda Biotechnology Co., Ltd., Shanghai Ruidian Trading Development Co., Ecochem Group Co., Ltd, Ningbo Pangs Chem Int'l Co., Ltd. Zhejiang Silver Elephant Bioengineering Co., Ltd., Shandong Tong Tai Wei Run Chemical Co., Ltd., Laiwu Taihe Biochemistry Co., Ltd., and SEEBIO BIOTECH (SHANGHAI) CO.,LTD.
Global Processed Food & Beverage Preservatives Market, by Product Type
- Rosemary Extracts
- Sodium Benzoate
- Benzoic Acid
- Sulphur Dioxide
- Acetic Acid
- Sodium Diacetate
- Lactic Acid
- Sodium Sorbate
- Potassium Sorbate
Global Processed Food & Beverage Preservatives Market, by Form
Global Processed Food & Beverage Preservatives Market, by Function
- Chelating Agents
Global Processed Food & Beverage Preservatives Market, by Application
- Meat, Poultry & Sea Food
- Snack Food
- Frozen Food
- Fats and Oils
Global Processed Food & Beverage Preservatives Market, by Geography: The market is broadly segmented on the basis of geography into:
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Middle East and Africa
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America