A recent report published by Infinium Global Research on processed food and beverage preservatives market provides an in-depth analysis of segments and sub-segments in global as well as regional processed food and beverage preservatives market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional processed food and beverage preservatives market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global processed food and beverage preservatives market. According to the report the global processed food and beverage preservatives market is projected to grow at a CAGR of 4.08% over the forecast period of 2018-2024.
Preservatives are chemicals that are added in food and beverage applications to preserve the freshness of the food or beverages items. Preservatives protect food against spoilage from mold, yeast, life-threatening botulism and other organisms that can cause food poisoning. They prevent potential damage from oxidation, rancidity, microbial growth or other undesirable changes. There are two modes of preservations such as chemical and physical. Chemical preservatives are the additive ingredients used in the food while physical preservation refers to the processes like drying and refrigeration. As per the U.S., Food and Drug Administration, preservatives are classified into two types such as natural preservatives (sugar and salt) and artificial preservatives that include the chemical preservative.
Food and beverages preservatives prevent spoilage caused during the time of transportation and help to maintain freshness as well as increases the appearance and shelf life of the food products. These are the crucial factors that are fuelling the growth of the global Processed Food & Beverage Preservatives Market. Food preservatives are used to prevent changes in flavor, color, and texture. Moreover, rapid urbanization, changing lifestyle coupled with the rising adoption of a Western diet is highly influencing the consumption of processed foods, which in turn, is supporting the growth of the market. However, the growing demand for natural food products and the narrow availability of natural preservatives is a major factor hampering the growth of Processed Food & Beverage Preservatives Market. Going further, leading manufacturers are working on increasing the shelf life of their products. This, in turn, provides significant growth opportunities for the Processed Food & Beverage Preservatives Market over the upcoming years.
Among the Geographies, North America is expected to be the leading region in the Processed Food & Beverage Preservatives Market. Rising demand for food preservative in the meat and poultry products in the U.S. is boosting the market in the North America region. The Asia-Pacific is projected to be the fastest growing region in this market owing to the increased demand for convenience food products with long shelf life. The factors such as rising population coupled with the improved economic condition of consumers also propel the global processed Food & Beverage Preservatives Market in the Asia-Pacific region.
The report on global processed food and beverage preservatives market covers segments such as product, form, and application. On the basis of product, the global processed food and beverage preservatives market is categorized into synthetic and natural. On the basis of form, the global processed food and beverage preservatives market is categorized into liquid and solid. On the basis of application, the global processed food and beverage preservatives market is categorized into oil & fat, bakery, confectionery, beverage, poultry & seafood, meat, snack, and dairy & frozen.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region.
The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global processed food and beverage preservatives market such as, Zhejiang Silver Elephant Bioengineering Co., Ltd., Celanese Corporation, Koninklijke DSM N.V., Kerry Group Plc, Shanghai Ruidian Trading Development Co., Galactic, Cargill Incorporated, Innophos Holdings Inc, Kemin Industries, Inc. and Akzo Nobel N.V.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global processed food and beverage preservatives market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of processed food and beverage preservatives market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the processed food and beverage preservatives market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the processed food and beverage preservatives market to understand the present and future trends in this market and formulate their strategies accordingly.
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