The food preservative market is gaining worldwide recognition due to its ability to increase the shelf life of the food ingredients in the global food and beverages market. The global food industry is growing due to a higher demand for ready-to-eat foods, due to which companies have to raise their standards for the packaging of food products. The packaging of food products requires the usage of food preservatives to prevent the spoilage of packaged food. Growth of the Global Food Preservative Market has subsequently boosted the demand for food preservatives, particularly in the North America and Asia Pacific regions, due to increasing population and the trend of consuming processed & packaged food. Due to an increase in the demand for food preservatives, investors in the food preservative market can expect higher returns in the near future.
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Growing demand for food preservative in the food and pharmaceutical industries:-
In the global food preservative market, the demand of food preservative is increasing in food, bakery, packaged drinks, and confectionary products owing to the ability of food preservatives to maintain the quality of these products as well as their nutritional value for a longer duration. Food preservatives are extensively used in all the food industries to maintain the quality, texture, and color of packaged products.
Food preservatives are available in various forms, which include gaseous, liquid, and other forms. The gaseous form of food preservatives are mostly used in the packaging of beverages, snacks, drinks, and juices. In the global food preservative market, food preservatives function as antimicrobial antioxidants and chelating agents. Food preservatives also prevent the growth of microorganisms that can grow on the food and spoil the taste & flavor of food items. Microorganisms also degrade the quality of food products and make them unfit for consumption. The usage of food preservatives is essential in the packaging of food products to prevent the growth of microorganisms such as Clostridium botulinum, which can easily grow in canned drinks & beverages and cause serious health problems. However, due to the stringent rules and regulations of food authorities, food preservatives are added at an optimal level, which makes them safe for consumption.
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Global Food Preservative: Key Players
Some of the key players operating in the global food preservative market are BASF SE, Celanese Corporation, Kemin Industries Inc., Galactic Corporation, Koninklijke DSM NV, Cargill Incorporated, Arjuna Naturals, Archer Daniels Midland Company, Annie’s Homegrown, and Univar Inc. An increasing number of companies in the food industry are showing a keen interest in using food preservatives in their production line, which is expected to increase the demand for food preservatives in the near future.
Opportunities for market participants:-
In the global food preservative market, the demand for food preservatives is increasing due to urbanization and busy lifestyle, as people prefer ready-to-eat food. Increase in the demand for processed food leads to larger investments and the establishment of new food industries, which is generating the demand of food preservatives for the packaging of food products. Moreover, owing to stringent guidelines laid down by the food authorities of various countries pertaining to the quality of food products, companies are forced to add an optimal amount of food preservatives to their packaged products to keep fresh and healthy to eat.
Global Food Preservative: A Regional Outlook:-
North America is the highest producer and consumer of processed food, and companies such as Cargill Incorporated, Archer Daniels Midland Company, etc., are situated where the demand for food preservatives is likely to increase during the forecast period. Asia Pacific is estimated to witness a robust growth rate owing to an expected increase in population and growth in the food industries over the forecast period. This is likely to result in the rapid procurement of food preservatives in the region by key players. In addition, food preservatives are extensively used in the European region owing to the increasing consumption of processed food. In addition, increasing awareness and urbanization in the Middle East and African countries is expected to boost the establishment of food companies in the region during the forecast period.
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Food Preservative Market Forecast Highlights Revenue Share Analysis across Prime Geographies during
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