Global Shelf Life Extension Ingredients Market: Overview

The shelf life of any food or beverage is the amount of time it takes to degrade to a non-palatable state. Food has various components that make it prone to biodegradation by microbes in the air or even by oxidation. This makes a food item unfit to eat given the health risks this can have, besides the offensive smell and taste.

Shelf life extension ingredients slow down this process of food degradation and enable longer storage of food items. They are both chemical and organic in origin. Food packaging has picked up pace in recent times to cater to the tastes of an increasingly affluent population, which is also living a hectic and super-occupied life. These ingredients thus help keep food logistics decongested and improve consumer confidence over the stability of food items, as per Transparency Market Research. It further notes that from the year 2020 to 2030, growth opportunities for players would emerge in the shelf life extension ingredients market.

Global Shelf Life Extension Ingredients Market: Notable Developments

The players operating in the global shelf life extension ingredients market are looking to expand operations by acquiring smaller production facilities and investing in innovations to ensure availability of varied additives to add to food items. Some notable developments in this regard are:

In January 2019, Kemin, a global nutritional ingredient company launched NaturCEASE™ Dry, which is a combination of natural plant extracts and vinegar to preserve processed meat products. This is leading to higher competition and to a consolidated market position for Kemin.

In the same year, researchers from US based Penn State University studied a class of compounds called Alkylresorcinils in grain plants such as barley, rye and wheat. These compounds are antioxidant and antimicrobial in nature, preventing bacterial and mold growth on food. 

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Global Shelf Life Extension Ingredients Market: Key Trends and Drivers

  • The food packaging industry grew steadily over the last few years. An increased demand for this service comes from a fast paced population that needs food on the go. As more and more people are employed in the industrial workforce, it has become challenging to cook and cater for oneself. This is creating demand for foods with a notable shelf-life.
  • Frozen foods are quickly reheated and ingested to save on precious time. These foods are built to last long and gain instant freshness on cooking by adding shelf life extension ingredients. The global frozen food market is projected to grow at a notable rate over the next few years. A major part of this market is the frozen fruits segment, which enables tropical countries to export exotic fruits to developed nations. This has been made possible by the use of shelf life increasing agents that enable long term shipping around the globe. 
  • A hindrance to the growth of this market could be the increasing legislation against adding chemical substances to food by various governments, an example being a 2019 publication by the European Court of Auditors to ensure food safety by limiting chemical additives. This restraint could be overcome by the advent of natural ingredients that expand shelf life. 

Global Shelf Life Extension Ingredients Market: Regional Analysis

North America and Europe are estimated to be global leaders in the shelf life extension ingredients market in the future. An increasingly affluent population which likes to taste new food items will lead to this growth.

The Asia Pacific region (APAC) is expected to register the fastest growth rate in this market owing to a robust food packaging and export industry. As stated, exotic foods are finding demand in developed regions of the world. This is set to give impetus to regional players here to use additives to increase longevity of food items for transport. 

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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
  • Europe
  • 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.

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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.

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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?

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.

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