Preservatives Market
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<strong>Preservatives</strong> <strong>Market</strong>- Global Industry Insight,<br />
Trends, Outlook, and Opportunity Analysis 2017-<br />
2025<br />
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REPORT DESCRIPTION<br />
<strong>Preservatives</strong> <strong>Market</strong> Overview<br />
<strong>Preservatives</strong> are substances or chemicals added to drugs, food, beverages, paints, cosmetics, and wood, in order<br />
to prevent microbial growth and undesirable changes in terms of both, physical and chemical properties.<br />
<strong>Preservatives</strong> are of two kinds, namely natural and synthetic, both of which are used to enhance the quality of the<br />
end product. Natural preservatives such as antioxidants, vitamin E, rosemary extracts, and seed extracts are<br />
readily available in nature and often obtained from plant sources. Synthetic preservatives such as benzoic acid,<br />
sodium nitrite, sulfur dioxide, and potassium sorbate, are chemical components processed and added to the end<br />
product. Growing health concerns among the global populace has caused an increasing demand for natural<br />
preservatives, in turn projecting immense growth for the preservatives market, over the forecast period. Positive<br />
growth outlook of the food industry in highly populous and emerging economies of India and China, further<br />
contribute to growth of the global preservative market.<br />
On the basis of function, the preservatives market is categorized into antimicrobial and antioxidants. <strong>Preservatives</strong><br />
that are added to end products to arrest growth of microorganisms are called antimicrobial preservatives. Some of<br />
the common antimicrobial agents that are used as preservatives are benzoic acid, lactic acid, nitrate, nitrite,<br />
propionic acid and sulfites. <strong>Preservatives</strong> that are used to inhibit oxidation process, especially in stored food items<br />
are called antioxidants.<br />
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REPORT DESCRIPTION<br />
<strong>Preservatives</strong> <strong>Market</strong> Taxonomy<br />
On the basis of source, the global market is classified into:<br />
•<br />
Natural<br />
•<br />
Synthetic<br />
On the basis of function, the global market is classified into:<br />
•<br />
Antimicrobials<br />
•<br />
Antioxidants<br />
On the basis of end user, the global market is classified into:<br />
•<br />
Food and beverages<br />
•<br />
Cosmetics<br />
•<br />
Pharmaceuticals<br />
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© Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION<br />
<strong>Preservatives</strong> <strong>Market</strong> Outlook – Growing Demand for Processed Food Is Fueling <strong>Market</strong> Growth<br />
Rising demand for processed food due to busy lifestyle and increasing number of women in the workforce is<br />
projected to drive growth of the preservatives market, over the forecast period (2016–2024). In addition growing<br />
retail industry in emerging economies and popularity of processed food among the younger generation is also<br />
boosting growth of the market for processed food, which in turn is projected to drive market growth. According to<br />
a study conducted by Coherent <strong>Market</strong> Insights, the market for processed food is projected to reach US$ 88.2<br />
billion by 2024. The rampant growth of the market for processed food, is expected to fuel growth of the<br />
preservatives market, owing to the application of preservatives in processed food to enhance its overall quality,<br />
taste and shelf life.<br />
Key players in the global preservatives market include Corbion N.V., Cargill Incorporated, Kerry Group, BASF<br />
SE, Chr. Hansen A/S, Archer Daniels Midland Company, E. I. du Pont de Nemours and Company, and Celanese<br />
Corporation.<br />
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