Processed Food & Beverage Preservatives Market to Spur Demand with CAGR of 4.9% owing to Change in Eating Habits

The competitive landscape of global processed food & beverage preservatives market is prognosticated to be fragmented due to presence of various small and medium players. Koninklijke DSM N.V., Celanese Corporation, E. I. du Pont de Nemours and Company, Shanghai Ruidian Trading Development Co., Kerry Group Plc, Galactic SA, Cargill, Hawkins Watts Limited, Innophos Holdings Inc, Akzo Nobel N.V., Kemin Industries, Inc., Albemarle Corporation, Shandong Kunda Biotechnology Co., Ltd., Naturalin Bio-Resources Co., Ltd, Ningbo Pangs Chem Int’l Co., Ltd., Zhejiang Silver Elephant Bioengineering Co., Ltd, and Ecochem Group Co., Ltd. are some of the key players dominating the global processed food & beverage preservatives market. These firms are working on delivering consistently high quality products, in order to maintain the international standards and to improve their overall market shares in coming years. The firms are also considering the merger and acquisition activities in order to gain an edge over their competitors in the market.

According to Transparency Market Research, the global processed food & beverage preservatives market is estimated to grow at a CAGR of 4.9% within the forecast period from 2016 to 2024. The market was valued around US$1.7 bn in 2015, which is anticipated to reach around US$2.5 bn by the end of year 2024. On the basis of product type, the synthetic segment is likely to lead the global market, with significant market share and valuation of worth US$947.2 mn by the end of 2024. Geographically, North America region is estimated to dominate the other regions as far as revenue is concerned, with a CAGR of 4.8%.

Change in Eating Habits to Fuel Demand for Processed Food & Beverage Preservatives

In past few years the change in eating habits have propelled the adoption of processed foods and beverages by the consumers. Along with this, the rise in urbanization is a major factor fueling the demand for global processed food & beverage preservatives, globally. Due to hectic daily routine, and lack of spare time, people are finding it difficult to cook nutritious and elaborated food at home. This encourages various consumers to go for processed foods and beverages. Many people nowadays are purchasing ready-to-eat foods, canned beverages, and frozen food items, which has surged the consumption of synthetic preservatives, strengthening the processed food and beverage preservatives market.

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Manufacturers are Working on Increasing Shelf Life of Their Products

Rise in number of people are choosing natural ways for preserving home-cooked food items, which can then be used for longer duration. The trend is mainly driven by the need to save some preparation time daily. Moreover, the various food manufacturers are working in order to come up with increased shelf life of their products. This has led them to use a variety of inorganic additives.

Processed Food & Beverage Preservatives Market – Demand for Preservatives Products 2017 – 2025

Global Processed Food and Beverage Preservatives Market: Overview

Processed food and beverage preservatives are mixed with food and beverages to keep the development of microorganisms. These type of preservatives are either characteristic or engineered and are known to build the time span of usability of items without affecting the taste, surface, frame, and dietary estimation of the item. Furthermore, they additionally keep the item from getting to be plainly dangerous, along these lines making them eatable for a more extended timeframe. Inferable from these reasons, the exploration report envisions that the worldwide processed food and beverage preservatives market is evaluated to witness an unfaltering development.

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Global Processed Food and Beverage Preservatives Market: Trends and Prospects

The rapid sprawl of urban areas and the ascent of the regular workers populace are the essential development drivers for the worldwide market. These reasons have been crucial to the absence of time accessible for the arrangement of expound suppers. Along these lines, a few shoppers are deciding on solidified foods and beverages. The worldwide market is additionally being driven by the effect of an unnatural weather change, which has caused climatic changes activating incessant deterioration of food things. With mounting temperatures, it has turned out to be vital to save food in the correct approach to keep it from turning dangerous. Experts foresee that the demand for processed food and beverage preservatives is normal will likewise ascend as a few purchasers are deciding on putting away food for accommodation.

Out of the normal items utilized for safeguarding food and beverages, salt held the lion’s offer in the worldwide market, which was nearly trailed by vinegar and sugar. The examination report assesses that rosemary separate portion will be the quickest developing section in the years ahead. Among the manufactured preservatives, benzoate is driving the worldwide market. Sorbate nearly takes after the lead because of its extreme utilization in yogurt, wine, dried meats, cheddar, apple juice, and heated products.

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Global Processed Food and Beverage Preservatives Market: Regional Outlook

Region-wise, the market has been segmented into Latin America, North America, the Middle East and Africa, Asia Pacific, and Europe. By and by, North America has a main offer in the worldwide market because of an incredibly appeal for bundled foods and beverages by purchasers over the area. A few buyers are picking bundled food things because of their sheer accommodation. Examiners foresee that Asia Pacific will likewise be a developing market because of fast urbanization and altering way of life of customers.

Global Processed Food and Beverage Preservatives Market: Vendor Landscape

Core players operating in the market are Zhejiang Silver Elephant Bioengineering Co., Ltd., Ecochem Group Co., Ltd., Ningbo Pangs Chem Int’l Co., Ltd., Shandong Kunda Biotechnology Co., Ltd., Albemarle Corporation, Akzo Nobel N.V., Cargill, Hawkins Watts Limited, Kerry Group Plc, and Celanese Corporation, among many others. Transport of things unsurprising with overall sustenance security and quality gauges, improvements, and provincial expansion of business moves are a part of the systems got by associations in the market to obscure their buddies.

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All through the accompanying couple of years as well, the market is required to remain sensibly engaged and onlook the climb of different new merchants. With unsurprising introduction of new thing combinations and key facilitated endeavors with F&B creators across finished promising common markets could empower associations to exploit improvement openings.