Food additives are used to enhance the taste, texture, color while maintain the nutritional content in foods. Preservatives are an important factor in the meat, poultry, & seafood industry. They are added to beef, meat, bacon and other products to destroy toxins and react with proteins. Preservatives reduce pathogen attack and provides a better shelf-life and taste. Food preservatives are a growing segment in the food additives market as they are used to prevent spoilage and decomposition which takes place in food products due to microbial reactions.
The food preservatives market has grown steadily in the recent years. It has a significant impact on food in terms of maintaining the quality, flavor, and taste of the food, this has led to its high demand across the world. This is due to the need for food products that are required to have a longer shelf-life as hectic lifestyles of people, especially in the developed regions make them opt for convenience foods, however, health conscious people nowadays are demanding for food products that have natural preservatives and this has led to the increasing use of natural preservative in food products, specially meat, poultry, & seafood.
North America Food Preservatives market: Drivers & Restraints Increasing consumption of processed food items, which are ready-to-use, and have a long shelf life are attracting the people across the states of U.S. and Canada. Thus, there is a great increase in the demand for food preservatives, with increasing demand for processed food, which is elevating the market growth. But, consumers are also becoming conscious about the ill effects of the chemical preservatives, which may constrain the market growth.
North America Food Preservatives market: Overview 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 North America food preservatives market. Beverage industry is the major consumer for preservatives, followed by meat industry. 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.
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.
North America Food Preservatives market: Region-wise Outlook Geographically, North America market for food preservatives is segmented into U.S. and Canada. North America is the biggest market in the world with a market share of 33%. U.S holds the largest share. The market in North America is mainly growing due to stable increase in the demand for minimally processed food items with long shelf life, thus, attracting the companies to expand the consumer base.
Key Questions Answered What is the current and future Food Preservatives market outlook in North America? What trends are affecting the North America market? What is the competitive landscape and market share of major players in the Food Preservatives space in North America? What are the key, high growth markets that Food Preservatives manufacturers should expand into? Which market segments are growing the fastest? What are the unmet needs with the Food Preservatives currently on the market? How will emerging technologies fulfil these unmet needs? What is physician perception and market outlook of Food Preservatives? What are the challenges and barriers that have hindered widespread adoption of Food Preservatives? A comprehensive mapping of the competitive landscape and the market participants behaviour ?
North America Food Preservatives market: Key Players 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 North America 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 JEYS F.I. Inc.
Reasons to buy North America Food Preservatives market Report: Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porters Five Forces Analyses A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment 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 Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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