Food Preservative Market worth $2.7 Billion by 2018

Wednesday 19 February 2014, Amsterdam

The new report on the Food Preservative Market, available on ASDReports, defines and segments the food preservative market with an perusal of the global market size in terms of value ($million). It also identifies the driving and restraining factors for this market with an analysis of trends, opportunities, burning issues, winning imperatives, and challenges. The market segment includes food preservative by type, by function, by application, and by geography.

Food preservative is a growing market in the food additives sector. There is an increasing trend towards consumption of processed food products in the developing countries, which further signifies the increasing use of food preservatives. A number of chemical and physical changes take place in a food product during storage, which deteriorates the freshness and product quality. Hence, the use of preservatives has increased in the market.

The food preservative market value forecast by type includes natural and chemical preservatives, projected based on significant regions such as North America, Europe, Asia-Pacific (APAC), and Rest of the World (ROW).

In 2012, North America dominated the food preservative market, followed by Asia-Pacific. Increasing demand for natural foods and safety concerns with respect to processed products drives the market. The food preservative market is estimated to reach $2.7 billion by 2018.

The increase in population has a tremendous impact on the global food supply. The question of food safety and quality has received widespread attention. Different governments and private industries have come a long way in achieving high standards for pure and unadulterated food containing preservatives. The consumer demands placed on technology have resulted in the development of different preservatives that afford us abundant, appetizing, and economical foods.

In this report, the food preservative market is divided into four geographical segments - North America, Europe, Asia-Pacific, and ROW. The North American region constitutes the largest market, followed by Asia-Pacific, with the U.S. dominating the North American food preservative market. Asia-Pacific is projected to witness the fastest growth in the market.