Asia-Pacific Food Preservatives Market-Growth, Trends and Forecast (2017 - 2022)
Food additives are used to enhance the taste, texture, color while maintain the nutritional content in foods. Food preservatives are a growing segment in the food additives market as they are used to prevent spoilage and decomposition which takes place in food products due to microbial reactions. The Food preservatives market is expected to reach US $ 2.9 billion by 2020 with an estimated CAGR of 3.5%.
The preservatives market is largely driven by demand for convenience and packaged foods by the burgeoning population and rising urbanization rates. However, the major constraint is the increased awareness on the ill effects of synthetic ingredients and growing consumer demand for fresh and natural foods. Companies are seeing this as an opportunity to innovate and provide solutions in the in the form of natural and functional ingredients.
Food preservatives are classified as natural and chemical preservatives, with chemical preservatives currently accounting for a large market share. Preservatives are used in foods such as oil & fat, bakery & Confectionary, Fruits and Vegetables, dairy & frozen products, meat, poultry & seafood, savory snacks, and beverages. Asia pacific is the second largest marketand the fastest growing segment due to growing preference for packaged and processed foods. In China, Preservatives are regulated under the Preservatives in Food Regulations.
As per the regulations it is required to adhere to the Good Manufacturing Practice to make sure minimum amount is added to achieve the desired technological effect.
Food preservatives are classified as natural and chemical preservatives, with chemical preservatives currently accounting for a large market share. In India, Sodium Benzoate pricing is driven by pricing of its core components: sodium hydroxide andbenzoic acid. The outbreak of global natural disasters has had a significantimpact on supply and demand for sodium hydroxide, driving prices to higher levels.
The major players in the market are Brenntag, PuracBiochem, Cargill and Kerry group. The strategies used by companies is the increase in Research and Development expenditure to innovate products under the natural preservatives segment to meet the growing consumer preference.
In this report we offer,
1 Market Definition for the specified topicalong with,identification of key drivers and restraints for the market.
2 Market analysis for the Asia - Pacific Food Preservatives Market, with region specific assessments and competition analysis on a global and regional scale.
3 Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
4 Extensively researched competitive landscape section with profiles of major companies along with their share of markets.
5 Identification and analysis of the Macro and Micro factors that affect the Asia-Pacific Food Preservatives Market on both global and regional scale.
6 A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Why should you buy this report?
1 For getting a comprehensive overview of the Asia-Pacific Food Preservatives Market.
2 To gain wide ranging information about the major players in this industry and the strategies adopted by them.
3 To gain an insight about the major countries/regions in which this industry is blooming and also identify the regions which are untapped.