Market Research Report
United Kingdom Food Preservatives Market-Growth, Trends, and Forecasts (2020 - 2025)
|Published by||Mordor Intelligence Pvt Ltd||Product code||946663|
|Published||Content info||90 Pages
Delivery time: 2-3 business days
|United Kingdom Food Preservatives Market-Growth, Trends, and Forecasts (2020 - 2025)|
|Published: June 1, 2020||Content info: 90 Pages||
The United Kingdom food preservatives market is forecasted to grow with a CAGR of 3.3% during the forecast period (2020 - 2025).
Surge in Demand For Natural Preservatives
The natural food preservatives segment is expected to record robust growth during the forecast period, in the country with a large number of food companies using natural preservatives in their products. In addition to maintaining the quality of the food, specialty preservatives, such as sorbic acid, benzoic acid, nisin, and acetic acid, help control contamination are also being incorporated in functional as well as convenience food products. The specialty food preservatives also prevent food from becoming rancid or developing an off-flavor, thus increasing the shelf life of the product. With the increasing acceptance of the ready-to-eat (RTE) food in the United Kingdom, manufacturers of RTE foods are inculcating clean label ingredients, which offer high nutrient and more shelf life, which in turn is actively driving the natural food preservatives market in the country.
Innovative Product Offerings Necessitate the Use of Food Preservatives
Products delivering distinct organoleptic traits, along with cleaner ingredients, have witnessed wider reach and greater availability among consumers under different demographics in the country. Categories, such as plant-based, vegetarian, gluten-free, non-GMO, and convenient foods, have penetrated significantly in the British market. The thrust toward new product development has prompted the extensive utilization of food preservative ingredients. The consumers in the country have shown greater preferences for value-added foods; the robust growth in such specialty and free-from foods segments have prompted manufacturers to expand their food preservatives portfolio and gain a competitive advantage in the market. The number of new food and beverage products launched in the country in order to cater to the different preferences of the consumers in terms of taste, flavor, and nutritional attributes. As veganism is an on-going trend in the country as well as across the globe, the vegan products held a significant share in the total products launched in the country.
The United Kingdom food preservatives market is highly fragmented and dominated by several small players. The most active companies globally are Cargill, DuPont, ADM, Corbion, and BASF. These players have a strong position in the fast-growth natural preservatives and clean label categories, benefiting from greater usage of these preservatives in food and beverages generally. The strategy of developing new products and partnerships with local players helps to increase the company's footprint in the country and release new products according to the consumers' changing preferences.