Report: Global Food Preservatives Market Worth $2.5 Billion by 2016

Jan 10 2012 --- The report "Food Preservatives Market by Types, Functions, & Applications, Trends & Global Forecasts (2011 - 2016)" defines and segments the global food preservatives market with analysis and forecasting of the global revenue for food preservatives. It also identifies the driving and restraining factors for the global food preservative markets with analysis of trends, opportunities, and challenges. The market is segmented and revenues are forecasted on the basis of types, functions, and applications.

Food preservation is the process of treating and handling food to stop or slow down the process of spoilage and allow them for longer storage. It falls under category of food additives. Food preservatives are the additives that are used to inhibit the growth of bacteria, molds, and yeasts in the food. This report analyzes the preservatives manufactured from the natural sources (salt, sugar, honey, etc.) and from chemical-based preservatives (sorbates, benzoates, propionates, etc.). Preservation usually involves preventing the growth of bacteria, yeasts, fungi, and other micro-organisms. Direct preservatives are intentionally added to foods for a particular purpose. The report segments the market by its functions such as antimicrobials; antioxidants (BHA, BHT); and others (chelating agents/enzyme attackers).

 

The report also describes major application such as oils and fats, bakery products, dairy and frozen foods, snacks and convenience foods, confectionary and condiments, beverages and others. The report is segmented based on the geography such as North America, Europe, Asia-Pacific, and Rest of the World. Market forecasts are provided for each region for the period of 2011 through 2016. Information contained in the report includes market sizes, revenue forecasts, value chain, market and product trends, price trends and regulations. Competitive information includes key developments, strategy deployed to win, M&A's and JV's of key manufacturers. The report profiles leading companies such as The Kerry Group (Ireland), Danisco (Denmark), and others.

 

The global food preservative market is estimated to be at $2.5 Billion by 2016, 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. The high growth within Europe is in Germany, France, U.K., and Italy. North America and Asia-Pacific together contribute close to 70% in the global food preservatives market.