Global Synthetic Food Preservative Market: Overview
Food preservatives are substances added to food for longer periods to keep it safe and cool. Drinks, milky bakeries, snacks, meat and marine foods are used in food preservatives to avoid bacterial effects during processing and embalming. The global nature of the food supply chain and the increasing complexities have resulted in increasing demand for products and techniques required to extend the food product's shelf life, thereby increasing the demand in the global synthetic food preservative market in the coming years.
Synthetic food preservatives are a subgroup of chemical compounds used to decrease spoilage, discoloration, or pollution from bacteria and other pathogens or organisms that form illnesses in food production. Unlike synthetic aromas, a majority of synthetic food conservators are categorized as food additives and therefore, unlike synthetic aromatic agents, are regulated as any substance whose intended use results, either direct or indirectly, in its becoming or otherwise affecting features.
This report gives an in-depth analysis of the global synthetic food preservative market, focus on market opportunities and challenges, alongside the trends driving the market. The report identifies leading vendors operating in the synthetic food preservative market, while outlining opportunities available for them.
Global Synthetic Food Preservative Market: Trends and Opportunities
The three classes of synthetic preservatives most often used in foods are sulphites, nitrites and benzoates. Sulphites are used to prevent bacterial growth in vinegar or salt, dried fruits and vegetables. The potato and cheese product are preserved with sorbic acid. Nitrites are used to protect against botulism in meat products like sausages and hams. Benzoic acid is more effective than molds and bacteria against yeasts. It is used in low sugar jams, jellies and condiments as an antifungal and antibacterial. The chelating agents such as EDTA, polyphosphates and citric acid usually prevent oxidation of metals and increase spoilage by binding metals such as copper and iron.
Changing lifestyles and growing food trade worldwide have resulted in increasing food conservation demand. Various government bodies and private industries maintain adequate regulations to maintain a high standard of preservative food quality. Increasing consumer awareness and changing food consumption and population demand from various sectors of the food and beverage industry are driving the synthetic food preservative market in turn.
Global Synthetic Food Preservative Market: Regional Outlook
Asia-Pacific has a strong demand for comfort foods which has consequences on the categories of preservatives required to maintain freshness with products and other synthetic ingredients and fat substitutes. The global market for food additives, previously controlled by large areas like North America and Europe, is currently on the rise in Asian markets, and this region has therefore proven to be a very promising market for the growth of the food preservative industry.
Global Synthetic Food Preservative Market: Competitive Landscape
Vendors in the global synthetic food preservatives market focus on agreements, product launches, expansions, and mergers to sustain the intense competition in this market.
Prominent vendors operating in the global synthetic food preservatives market are are Cargill, Celanese Corporation, Ajinomoto Co. Inc., Brenntag Solutions Group, Inc., Hawkins Watts Limited, and E. I. du Pont de Nemours.
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?
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.