Food Preservatives Market Worth 2.94 Billion USD by 2021

PUNE, India, August 26, 2016 /PRNewswire/ --

The report "Food Preservatives Market by Type (Natural and Synthetic), Function (Antimicrobials and Antioxidants), Application (Oil & Fat, Bakery, Dairy & frozen, Snack, Meat, Poultry & Seafood, Confectionery, and Beverage), and by Region - Global Forecast to 2021", The market is projected to reach a value of USD 2.94 Billion by 2021 at a CAGR of 2.5%.

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Browse 158 market data Tables and 49 Figures spread through 235 Pages and in-depth TOC on "Food Preservatives Market"

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The market is driven by factors such as demand for convenience food products & foods with longer shelf-life, and the increased usage of natural preservatives in meat & poultry in North America and Europe. The high growth potential in the emerging markets and untapped regions provides new growth opportunities for market players.

The antimicrobials segment is the fastest-growing segment in the Food Preservatives Market by function during the forecast period 2016-2021 

Sorbates, having many applications such as dairy and frozen foods, snack and convenience foods, and others, have the largest share in the global food artificial antimicrobials market, followed by benzoates. Demand for processed foods is one of the drivers behind the growth of global sorbates antimicrobial market and because of such demands in the food industry, the application of sorbates in food & beverages is considered to remain strong.

The synthetic food preservatives segment has the largest market in the food preservatives industry 

Benzoates, sorbates, and propionates are amongst the most used synthetic preservatives and are broad-spectrum agents with applications across various food product categories. The primary intention behind the usage of synthetic additives is the safety and quality of the product for consumption, in terms of improved appearance and extended shelf-life. Currently, synthetic preservatives seem to be the best and most feasible option to be used as food preservatives, considering the costs associated with natural preservatives.