Market Overview:
The global packaged food preservatives market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth in this market can be attributed to the increasing demand for processed and packaged foods, rising awareness about food safety, and growing concerns about the quality of food products. The global packaged food preservatives market is segmented on the basis of type, application, and region. On the basis of type, it is segmented into natural and synthetic preservatives. The natural preservatives segment dominates the global packaged food preservatives market due to their benefits such as being environment-friendly and non-toxic. On the basis of application, it is divided into bakery products, meat & seafood products, dairy products & ice cream items,, convenience foods,,and others (including sauces & dressings). Among these applications segments,.the bakery productsegment accounts for majority share in terms of value in 2017 owing to high consumption rates across all regions.On regional basis,.
Product Definition:
Packaged food preservatives are chemicals that are added to packaged foods to prevent spoilage and lengthen the food's shelf life. They work by inhibiting the growth of bacteria, mold, and yeast. The importance of packaged food preservatives is that they help keep food fresh for longer periods of time, which can save consumers money.
Natural:
Natural is a term used to define products that are obtained from plant and animal sources without the use of chemical additives or processing aids. Natural preservatives are those substances, which have been traditionally used for preservation purposes in food. Some of these natural preservatives include herbs, spices, essential oils & extracts and others (like wine). The global packaged food market has witnessed significant growth over the past few years owing to factors such as changing lifestyles and increasing consumer awareness regarding health & wellness.
Synthetic:
Synthetic is a man-made chemical. It is also an artificial mixture of compounds created in laboratories for the purpose of preserving food items for a longer period of time. Synthetic preservatives are used to increase the shelf life or preserve raw materials used in manufacturing packaged food products such as meat, poultry, seafood and dairy products among others.
The global market size was valued at USD 1,849 million in 2015.
Application Insights:
The global market is segmented by application into bakery, meat and seafood, dairy and others. The bakery application led the market in 2017 accounting for over 40% of the overall revenue share. This is attributed to factors such as rising consumer preference for nutritious food products that help maintain a healthy lifestyle along with improving dietary habits among working class people.
Packaged foods are widely consumed in developed economies owing to increasing disposable income along with growing awareness regarding health benefits associated with it. Moreover, stringent regulations related to safety during food processing have driven the demand for preservatives in these regions further driving growth of this segment over the forecast period.
Regional Analysis:
Europe was the largest regional market in 2017 and accounted for more than 30% of the global share. The presence of stringent regulations about quality, safety, and nutritional standards is expected to drive demand for natural as well as synthetic packaged food preservatives over the forecast period. Asia Pacific is projected to be one of the fastest-growing markets at a CAGR exceeding 5% from 2018 to 2030 owing to increasing awareness among consumers regarding health benefits associated with packaged food products. Furthermore, rising disposable income levels are anticipated to fuel demand for these products over this period.
The bakery application segment in Europe held majority of shares due its high consumption volume along with high preference toward ready-to-eat foods such as frozen baked goods, pastries & breads, breakfast cereals & snacks; which require minimal time preparation before consumption by consumers leading towards higher sales volumes across retail stores in major countries including Germany and France during 2016 - 2017 timeframe.
Growth Factors:
- Increasing demand for convenience foods: The growing demand for convenience foods is one of the key growth drivers for the packaged food preservatives market. Convenience foods are those that can be easily prepared and consumed, without any major preparation time or effort. They are generally high in calories and low in nutritional value. This has led to an increase in the number of people who are overweight or obese, which is driving the demand for packaged food preservatives as they help to extend the shelf life of these products.
- Rising awareness about healthy eating: There is a growing awareness among consumers about the importance of eating healthy and nutritious food items. This has led to an increase in the demand for fresh and organic food items, which do not require any preservatives to extend their shelf life. However, there still exists a large population that prefers processed and packaged foods over fresh fruits and vegetables due to their busy lifestyles. Thus, there exists a large potential market for packaged food preservatives manufacturers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Packaged Food Preservatives Market Research Report
By Type
Natural, Synthetic
By Application
Bakery, Meat and Seafood, Dairy, Others
By Companies
Galactic S.A., Kemin Industries, Inc., Prinova Group, LLC, Royal DSM N.V., Akzo Nobel N.V., Celanese Corporation, BASF, ...
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Packaged Food Preservatives Market Report Segments:
The global Packaged Food Preservatives market is segmented on the basis of:
Types
Natural, Synthetic
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Bakery, Meat and Seafood, Dairy, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Galactic S.A.
- Kemin Industries, Inc.
- Prinova Group, LLC
- Royal DSM N.V.
- Akzo Nobel N.V.
- Celanese Corporation
- BASF
- ...
Highlights of The Packaged Food Preservatives Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Natural
- Synthetic
- By Application:
- Bakery
- Meat and Seafood
- Dairy
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Packaged Food Preservatives Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Packaged food preservatives are chemicals that are used to prevent food from spoiling.
Some of the major companies in the packaged food preservatives market are Galactic S.A., Kemin Industries, Inc., Prinova Group, LLC, Royal DSM N.V., Akzo Nobel N.V., Celanese Corporation, BASF.
The packaged food preservatives market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Packaged Food Preservatives Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Packaged Food Preservatives Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Packaged Food Preservatives Market - Supply Chain
4.5. Global Packaged Food Preservatives Market Forecast
4.5.1. Packaged Food Preservatives Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Packaged Food Preservatives Market Size (000 Units) and Y-o-Y Growth
4.5.3. Packaged Food Preservatives Market Absolute $ Opportunity
5. Global Packaged Food Preservatives Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Packaged Food Preservatives Market Size and Volume Forecast by Type
5.3.1. Natural
5.3.2. Synthetic
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Packaged Food Preservatives Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Packaged Food Preservatives Market Size and Volume Forecast by Application
6.3.1. Bakery
6.3.2. Meat and Seafood
6.3.3. Dairy
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Packaged Food Preservatives Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Packaged Food Preservatives Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Packaged Food Preservatives Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Packaged Food Preservatives Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Packaged Food Preservatives Demand Share Forecast, 2019-2029
9. North America Packaged Food Preservatives Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Packaged Food Preservatives Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Packaged Food Preservatives Market Size and Volume Forecast by Application
9.4.1. Bakery
9.4.2. Meat and Seafood
9.4.3. Dairy
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Packaged Food Preservatives Market Size and Volume Forecast by Type
9.7.1. Natural
9.7.2. Synthetic
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Packaged Food Preservatives Demand Share Forecast, 2019-2029
10. Latin America Packaged Food Preservatives Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Packaged Food Preservatives Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Packaged Food Preservatives Market Size and Volume Forecast by Application
10.4.1. Bakery
10.4.2. Meat and Seafood
10.4.3. Dairy
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Packaged Food Preservatives Market Size and Volume Forecast by Type
10.7.1. Natural
10.7.2. Synthetic
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Packaged Food Preservatives Demand Share Forecast, 2019-2029
11. Europe Packaged Food Preservatives Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Packaged Food Preservatives Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Packaged Food Preservatives Market Size and Volume Forecast by Application
11.4.1. Bakery
11.4.2. Meat and Seafood
11.4.3. Dairy
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Packaged Food Preservatives Market Size and Volume Forecast by Type
11.7.1. Natural
11.7.2. Synthetic
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Packaged Food Preservatives Demand Share, 2019-2029
12. Asia Pacific Packaged Food Preservatives Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Packaged Food Preservatives Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Packaged Food Preservatives Market Size and Volume Forecast by Application
12.4.1. Bakery
12.4.2. Meat and Seafood
12.4.3. Dairy
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Packaged Food Preservatives Market Size and Volume Forecast by Type
12.7.1. Natural
12.7.2. Synthetic
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Packaged Food Preservatives Demand Share, 2019-2029
13. Middle East & Africa Packaged Food Preservatives Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Packaged Food Preservatives Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Packaged Food Preservatives Market Size and Volume Forecast by Application
13.4.1. Bakery
13.4.2. Meat and Seafood
13.4.3. Dairy
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Packaged Food Preservatives Market Size and Volume Forecast by Type
13.7.1. Natural
13.7.2. Synthetic
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Packaged Food Preservatives Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Packaged Food Preservatives Market: Market Share Analysis
14.2. Packaged Food Preservatives Distributors and Customers
14.3. Packaged Food Preservatives Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Galactic S.A.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Kemin Industries, Inc.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Prinova Group, LLC
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Royal DSM N.V.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Akzo Nobel N.V.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Celanese Corporation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. BASF
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ...
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook