Preservation techniques for prevention of food spoilage have been practiced since ancient times. Globalization and world trade of food products have merged the consumer tendencies and choices. The consumer today is well-educated and aware about the benefits of healthier and natural foods. Hence, the consumer has changed his consumption habits for the same. Growing population, coupled with concerns on food safety and quality, has driven the food processing industry to invest in research of preservation alternates which not only prevent spoilage and extend shelf life, but are also perceived as being a natural and healthier option. The changing lifestyles have boosted the demand for convenience foods, in turn driving the preservative segment. In the wake of the ecological balance, natural and organic products have taken precedence over synthetic variants, a trend which has resulted in Natural preservatives gradually substituting chemical counterparts.
The report provides full analysis of the world's leading players in the food preservatives segment, the key ingredients occupying the major shares, with a clear insight and commentary on the developments and trends. Also included is a chronology of developments with respect to product, function, and applications; ensuring coverage of the latest findings in the preservation technology. With the huge market potential and growth, market is likely to witness a shift in the variants and methods of food preservation. The market is anticipated to continue flourishing in the developed as well as the developing regions. The growth is also attributed to the growing demands and penetration of the organic food products. The variants and combination methods used for the preservation are bound to undergo further developments with growing demands and concerns for food safety legislations and regulations.
With the huge market potential and the growing preference, the market is likely to witness considerable growth in the years to come. The market is anticipated to continue penetrating the untapped markets and older population. The growth of the market is also largely attributed to the developments such as the incorporation of the organic and natural ingredients. The variety of food preservatives containing organic or natural ingredients are increasing continually at present.
This report focuses on global food preservatives market. This research categorizes the global food preservatives market on the basis of types, applications, geography:
The food preservatives market, globally, has been greatly influenced by the food and beverage processing market. It is driven by the changing consumer trends and preferences. The market has seen considerable changes in the past decade and is at a stage of heralding considerable changes in the way food can be preserved. Preservatives segment has risen out of the basic requirement of preventing spoilage of food and ensuring safe product for consumers. The food preservation market has evolved to see an influx of a wide range of chemical and natural preservatives. Preservatives are included in food products to tackle threats from microorganisms, chemical reactions, and other physical damage which may render it unfit for human consumption.
However, with growing concerns amongst consumers regarding the prolonged exposure to synthetic preservatives, and the need for healthy, natural, and organic foods, manufacturers are now addressing the issue of safety and quality of food. To preserve the foods naturally, there are various technologies and materials available. Leading players in the segment includes Vitiva (Slovenia), Univar (USA), Danisco (Denmark), and the Kerry group (Ireland) who have taken the initiative in research and development of healthier alternatives to chemical preservatives. The trend of natural preservatives has been originated from the appeal of European nations to market the clean label food products free of additives, especially synthetic variants. And, hence, the changing lifestyle and the booming food and beverage industry have given a boost to the demand for natural preservatives. The consumers have also shifted the focus to natural variants and preservative-free food products.
As seen above, the global preservative market by 2016 is estimated to be at $2552.4 million, growing at a CAGR of 2.5%, essentially boosted by the fast growth amongst natural preservatives. North America stands the largest market followed by Asia-Pacific with a considerable market share. The emerging markets within Asia-Pacific, such as China and India drive the high growth rate. The growth of 2.2% in Europe is dependent heavily on the natural preservatives. The CAGR in Europe is mainly driven by the fast growth in natural preservatives segment with fastest growth in Germany, France, U.K. and Italy. North America and Asia-Pacific together contribute close to 70% in the global food preservatives market.