Food preservatives are used to prevent the growth of microorganisms, or other microorganisms. They also help to slow down oxidation of fats which cause rancidity. Some of the most commonly used food preservatives are calcium propionate, sodium nitrite, sodium nitrate, sulfites etc.
Food Preservatives Market: Drivers & Restraints Increasing demand for food preservatives, changing lifestyle, growing population and increasing the consumption of processed foods are the major factors driving the market growth.
However, consumer awareness about effects associated with use of chemical preservatives is hampering the market growth.
Food Preservatives Market: Overview In 2017, the beverage category in the applications segment is expected to account for the largest share market share followed by meat industry. Sea food, processed meat and poultry segment also expected to constitute major share.
North America dominates the market share worldwide and has around one-third of market share.
Food Preservatives Market: Key Players The Food Preservatives market is highly competitive with a large number of players. Some of the major Companies are BASF SE, Cargill Inc. , DuPont, Chr. Hansen A/S, Kerry Group, Koninklijke DSM N.V, The Archer Daniels Midland Company, Corbion N.V and JEY’S F.I. Inc.
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