(Food-Beverage-News.Com, May 17, 2017 ) Asia-Pacific Food Preservatives Market research report, published by Market Data Forecast delineates that the market is growing with a CAGR of 4.98% to reach USD 0.92 billion by 2021, from USD 0.72 billion in 2016, which amounts to a cumulative growth of USD 0.20 billion.
Food preservatives is an aid which has aided to increase the shelf-life of food products and has helped in obtaining functional properties suitable for a wider range of industrial applications in food industries.
There are many food preservatives divides with Natural Food Preservatives like salt and vinegar, chemical Food Preservatives like sulphites and nitrites, Artificial Preservatives like antioxidants, and Harmful Food Preservatives like Benzoates and caramel. They are added to the food item to prevent microbial growth. Also, they extend the shelf-life and enhance the taste.
The report also presents detailed analysis of multitude of factors affecting Food Preservatives Market bearing either positive or negative outcomes. Some of those factors are
• Changing lifestyle of people which is increasing the consumption of processed foods
• Require food preservatives for long shelf life
• Due to increased demand for organic foods which require different kind of preservatives
• Due to stringent regulations by government over the pricing and also
• Due to consumer awareness about the ill-effects of synthetic preservatives.
For granular level understanding the Asia-Pacific Food Preservatives market is segmented based on type, function and application, each being provided with Market Size Estimations and Y-o-Y Forecasts. Each of these segments are further sub segmented as follows Type: Natural and Synthetic; Function: Antimicrobials, Antioxidants, Chelating and enzyme inhibitors; Application: Beverages, Oils & fats, Bakery, Dairy & frozen products, Snacks, Meat, poultry, & seafood products, Confectionery, Other applications. Benzoic acid and Sodium benzoate are the most preferred preservatives, followed by sorbates. Sea food products, processed meat and poultry consume the major share of Asia-Pacific food preservatives market. Beverage industry is the major consumer for preservatives, followed by meat industry.
Geographically, Asia-Pacific market for food preservatives is segmented into China, India, Japan, South Korea and Australia. The Asia-Pacific market is growing extremely with higher growth rate during the forecast period. With India being the world’s second largest food producer after China, there is a great potential for emerging markets in this regions, with global companies entering into the markets.
Major companies are partnering with diverse set of suppliers to boost their markets. BASF SE, Cargill Incorporated, Celanese Corporation are the major players in the Asia-Pacific market. Other important companies include Chr. Hansen A/S, Kerry Group, Koninklijke DSM N.V, The Archer Daniels Midland Company, Corbion N.V., DuPont and JEY’S F.I. Inc.
The Asia-Pacific Food Preservatives market report offers wide-range of scope:
• Regional and country-level analysis that provides an individual perspective of Asia-Pacific region and the aforementioned countries
• Know more about key areas of industry growth via detailed Segment-level analysis on basis of type, function, application long with market size forecasts and y-o-y estimations
• Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics
• Strategic Analyses containing PESTLE and Porter’s Five Forces Analyses which are obtained by studying the macro & micro environmental factors that affect the market demographics
• Comprehensive listing of key market players along with Company overview, product portfolios, financials (subjected to availability), SWOT analysis and analyst overview
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• Market Outlook - Investment opportunities devised by stand in experts to provide both individuals and organizations a strong financial foothold in the market
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