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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
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United Kingdom Food Preservatives Market-Growth, Trends, and Forecasts (2020 - 2025)
Published: June 1, 2020 Content info: 90 Pages
Description

The United Kingdom food preservatives market is forecasted to grow with a CAGR of 3.3% during the forecast period (2020 - 2025).

  • The United Kingdom has well-established brands for mainstream products. The food preservative companies, such as Corbion, Cargill, and DuPont, are seeking to take advantage of the increasing consumer demand for healthier food and beverage products in the country.
  • Strong interest in innovative products to maintain freshness and sustainability, in order to satiate the challenges faced by the processed food manufacturers, is further influencing the demand for innovative food preservatives in the country.
  • The fast-growing economy and the rising number of single households are driving the demand for convenient ready-to-eat meals, desserts, and baking mixes, which in turn has significantly increased the application of food preservatives in the country.
  • The United Kingdom presents market opportunities for many consumer-oriented products, including specialty food products, healthy food items, wine, sauces, fruit, nuts, and juices. Health and convenience foods are the main driving forces in the UK value-added food and beverages market. Thhis has created substancial demand for specailty food preservatives such as sorbic acid across the functional food and beverage sector of the country.

Key Market Trends

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.

Competitive Landscape

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.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Table of Contents
Product Code: 52227

Table of Contents

1 INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

  • 5.1 By Type
    • 5.1.1 Natural
    • 5.1.2 Synthetic
  • 5.2 Application
    • 5.2.1 Beverage
    • 5.2.2 Dairy & Frozen Product
    • 5.2.3 Bakery
    • 5.2.4 Meat, Poultry & Seafood
    • 5.2.5 Confectionery
    • 5.2.6 Sauces and Salad Mixes
    • 5.2.7 Others

6 COMPETITIVE LANDSCAPE

  • 6.1 Market Position Analysis
  • 6.2 Most Adopted Strategies
  • 6.3 Company Profiles
    • 6.3.1 Tate & Lyle PLC
    • 6.3.2 Archer Daniels Midland Company
    • 6.3.3 Cargill, Incorporated
    • 6.3.4 Corbion N.V.
    • 6.3.5 Kerry Group plc
    • 6.3.6 DuPont de Nemours, Inc
    • 6.3.7 BASF SE

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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