Market Value OF Natural Food Preservatives Keep Increasing

- Sep 11, 2018 -

Market Value OF Natural Food Preservatives Keep Increasing


    Recently, the US market research consultancy Transparency Market Research Inc. issued a report saying that the global demand for natural food preservatives is increasing, and by 2020, its market value will increase to 2.56 billion US dollars. The compound annual growth rate from 2014 to 2020 is about 3.5%.

 

   According to the report, from the perspective of product type, the global food preservative market is mainly divided into two parts, namely synthetic preservatives and natural preservatives. Although the market share of synthetic preservatives is still relatively large, the demand for natural preservatives is growing rapidly. Compared with synthetic preservatives, natural preservatives have their own limitations, such as photothermal problems and pH stability, but with the increasing research of natural preservatives in recent years, natural preservatives Development and application prospects are broad. From a product application perspective, the report divides the global food preservative market into several segments, mainly including baked goods, beverages, meat, poultry, seafood, bread, and dairy products. Nowadays, the use of food preservatives in beverages, breads, dairy products, meat and poultry products has become one of the common methods for the global food industry to solve quality problems.

 

The report also examines major areas of the global food preservative market, which states that there are currently four major regions in the world, namely Europe, North America, Asia Pacific and the rest of the world. North America dominates the entire food preservative market, followed by the Asia Pacific region. In 2013, the market value of food preservatives in North America was approximately $729.8 million and is expected to reach $921.6 million by 2020. In the Asia-Pacific region, the demand for food preservatives in countries such as South Korea and Australia is also significantly higher. The report estimates that during the forecast period, the demand for food preservatives in other parts of the world will be high and will maintain a compound annual growth rate of 4%.


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