Global Food Preservatives Market
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GLOBAL FOOD ADDITIVES MARKET to surpass<br />
US$ 66.77 billion by 2025, underpinned by increasing<br />
application of flavors and enhancers<br />
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REPORT DESCRIPTION<br />
<strong>Global</strong> <strong>Food</strong> <strong>Preservatives</strong> <strong>Market</strong> Overview<br />
<strong>Food</strong> preservatives are substances added or sprayed in food to restrict the growth of fungi, bacteria, and other<br />
harmful microorganisms. <strong>Food</strong> preservatives are broadly classified as natural and synthetic. Natural food<br />
preservatives is dominating the market, according to stats provided by Coherent <strong>Market</strong> Insights in 2016.<br />
Growing population and increasing prevalence of foodborne diseases is expected to boost growth of the market,<br />
as preservatives are used in food to increase shelf life and maintain optimal quality of food. <strong>Food</strong> and beverages<br />
are stored after addition of food preservatives to reduce the possibilities of bacterial infection. Also, high<br />
prevalence of various foodborne diseases and disorders such as abdominal pain, vomiting, and diarrhea is<br />
expected to fuel the demand for food preservatives during the forecast period. Moreover, growing awareness for<br />
natural food ingredients and side effects of synthetic preservatives is propelling the growth of natural<br />
preservatives.<br />
The global <strong>Food</strong> <strong>Preservatives</strong> market size is estimated at US$ 2.23 billion in 2016 and is expected to expand at a<br />
CAGR of 3.30% from 2017 – 2025.The meat, poultry & sea food is dominating the food preservative market in<br />
2016 and the trend is expected to continue during the forecast period. The demand for protein food and organized<br />
retail is expected to drive the food preservatives market.<br />
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REPORT DESCRIPTION<br />
Moreover, changing demography and increase in disposable income especially in Latin America and Asia<br />
Pacific also, innovation in meat processing technology is expected to fuel the market for food preservatives.<br />
Furthermore, supportive government initiatives in Asia Pacific, is expected to boost the market for food<br />
preservatives. For instance, in July 21, 2015, The Government of India plan to set up 13 Mega <strong>Food</strong> Parks in<br />
various states of India, which includes, Andhra Pradesh, Bihar, Chhattisgarh, Himachal, Gujarat, Jammu &<br />
Kashmir, Madhya Pradesh, Maharashtra, Odisha, Rajasthan and Uttarakhand. Moreover, by 2017, The Spice<br />
Board of India, set up by the Ministry of Commerce to promote and develop Indian spices across the world,<br />
aims to export US$ 3 billion.<br />
Stringent government regulation is expected to be one of the key challenges for food preservatives market. For<br />
instance, in June 20, 2016, The Government of India’s (GOI) <strong>Food</strong> Safety and Standards Authority of India<br />
(FSSAI), bans the use of potassium bromate and cyclamates in food. Moreover, The Government of the Hong<br />
Kong special Administrative region, in July 01, 2008, introduced new regulations to control the use of<br />
preservatives and antioxidants in food. Also, in December 24, 2014, the National Health and Family Planning<br />
Committee of China<br />
Introduced the National <strong>Food</strong> Safety Standard for <strong>Food</strong> Additive Use (GB2760-2014), which will be<br />
implemented on May 24, 2015.<br />
Request Sample of <strong>Food</strong> <strong>Preservatives</strong> <strong>Market</strong>:<br />
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REPORT DESCRIPTION<br />
Regional Insights<br />
Europe, followed by North America and Asia Pacific accounted for major share in the global <strong>Food</strong> <strong>Preservatives</strong><br />
market in terms of revenue in 2016 and the trend is estimated to remain the same over the forecast period. In<br />
2016, Europe held a share of 28.1% in terms of value, followed by Europe (27.6%). The growing demand for<br />
confectionery in Asia Pacific due to growing population, increased urbanization and growing retail and hospitality<br />
sector is expected to drive growth of the global food preservatives market over the forecast period. According to a<br />
study conducted by Coherent <strong>Market</strong> Insights, the global anti-oxidants market is expected to witness a CAGR of<br />
3.32% during 2017-2025, which is expected to fuel growth of the global food preservatives market.<br />
Multinational players need to tap potential addressable market in the emerging regions with the help of<br />
geographical expansion<br />
Product portfolio expansion and geographical expansion are the key market trends which are expected to shape<br />
the industry in the near future.<br />
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