Preservatives are used to enhance the quality of food item, to improve the appearance and also to extend the shelf-life. They are the best and most feasible option in order to maintain the food quality and avoid microbial growth due to which the food product may get spoilt.
In the emerging markets of Latin America, there is a great increase in the demand for processed food, due to change in lifestyle and adoption of western lifestyle. Due to this, the demand for food preservatives is slowly increasing, thus, elevating the market growth. But, government regulations and ill-effects of synthetic preservatives may constrain the market growth.
Latin America market for food preservatives are segmented into Type, Function and Application. 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 Latin America food preservatives market. Beverage industry is the major consumer for preservatives, followed by meat industry.
Geographically, Latin America market for food preservatives is segmented into Brazil, Argentina and Mexico. With the emerging economies, growing industrialization, increasing demand for processed foods, and consumer preference for quality products, ingredient suppliers are becoming increasingly optimistic about the growth of the food & beverage industry with increasing demand for food preservatives in the Latin America region.
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 Latin 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 JEY’S F.I. Inc.
Market Segmentation 1) By Type • Natural • Synthetic
2) By Function • Antimicrobials • Antioxidants • Chelating and enzyme inhibitors
About Market Data Forecast: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialties with competitive pricing options.
