Organic Food Preservatives Industry Size, Share, Forecast and Business Opportunities by 2027
The Organic Food Preservatives Industry is growing rapidly,
witnessing increasing demand. The market growth attributes to the growing
demand for clean label products and plant-based ingredients. Organic
preservatives are becoming increasingly popular as consumers continue to seek
natural & clean label alternatives to conventional additives. Moreover,
increasing consumption of organic food preservatives in commercial food
preparation as well as in domestic applications accelerates the market growth.
According to Market Research Future, the global Organic Food
Preservatives Industry is expected to create a value of USD 1.5 BN by 2024,
registering 4.5% CAGR during the review period (2019 – 2024). Rising R&D
investments by industry players to develop a wide range of plant-based natural
preservation solutions foster the growth of the market. Also, increasing
efforts of manufacturers to achieve naturalness and consumer-friendly labels
without compromising performance boost the market growth.
Additionally, rising awareness for adverse effects of chemical-based
preservatives increases consumer preference. Organic food preservatives are
made from natural sources and hence, considered safer to use in food products.
Besides, growing government initiatives to minimize the use of artificial
preservatives increase the size of the market. Rising demand for natural and
organic ingredients from the food processing and beverage making industries are
pushing the market growth of organic food preservatives globally.
Global Organic Food Preservatives Industry– Segments
The report is segmented into four dynamics;
By Form
: Dry,
Liquid, and others.
By Type
: Salt,
Sugar, Edible Oil, Lemon, Honey, Vinegar, Chitosan, and others.
By Application : Dairy
& Frozen Dessert, Bakery & Confectionary, Sweet & Savory Snacks,
Sauces & Dressings, Beverages, Soups, and others.
By Region
: Americas,
Europe, Asia Pacific, and Rest-of-the-World.
Global Organic Food Preservatives Industry– Regional Analysis
North America dominates the global Organic
Food Preservatives Industry. The largest
market share attributes to the rising consumer preference for organic food
preservatives and the growing trend of clean label food ingredients. Consumers
in the region prefer more organic food items over conventional ones. Besides,
factors such as the presence of major market players and a large consumer base
in the region drive market growth.
To cater the augmenting demand of consumers, the food processors
are using organic ingredients in their processed products, which, in turn,
create a massive demand for organic food preservatives. Moreover, the massive
consumption of organic food preservatives in baked foods and beverages
applications is further boosting the regional market growth. The North American
Organic Food Preservatives Industry is expected to retain its dominance in the
global market throughout the forecast period.
Europe stands second in the global Organic Food Preservatives
Industry. Growth of the market is driven by the increasing focus of major food
brands active in the region on usages of natural preservatives. The region has
extensive experience in natural preservation processes and a wide range of
plant-based natural preservation solutions, which allow manufacturers to
achieve naturalness and consumer-friendly labels without compromising
performance. The European Organic Food Preservatives Industry is forecasted to
create a substantial revenue pocket over the review period.
The Organic Food Preservatives Industry in the Asia Pacific region
is growing rapidly. Factors such as the rising awareness for adverse effects of
chemical-based preservatives used in food products are fuelling the Organic Food
Preservatives Industry growth in the region. Moreover, increasing demand for
convenience food and rising health-conscious consumers in this region that
prefer natural and healthy foods and beverages drive the growth of the market.
Increasing consumption of organic food preservatives to increase
shelf life of food products by preventing decomposition by microbial growth and
undesirable chemical changes boosts the regional market growth. The APAC Organic
Food Preservatives Industry is projected to register the highest CAGR over the
assessment period.
Global Organic Food Preservatives Industry– Competitive Analysis
Highly
competitive, the Organic Food Preservatives Industry appears fragmented due to
the presence of several well-established players. To gain a larger competitive
share, innovation, mergers & acquisitions, and brand reinforcement remain
key trends for industry leaders. Manufacturers strive to develop organic preservatives food supplier designed
to reduce the downtime, lower total costs and offer longer shelf life to its
end-use products. Due to the expected product extensions and product
innovations, the market would witness a fierce competition in the future.
Major Players
Players leading the global Organic Food Preservatives Industry include
DuPont de Nemours, Inc. (US), Cargill, Incorporated (US), Tate & Lyle (UK),
Akzo Nobel N.V. (Netherlands), Univar Inc. (US), Kemin Industries, Inc. (US),
Danisco A/S (Denmark), Koninklijke DSM NV (Netherlands), Hawkins Watts Limited
(New Zealand), Brenntag Solutions Group, Inc. (Germany), BASF SE (Germany),
Archer Daniels Midland Company (US), Galactic SA (Belgium), and Kerry Group plc
(Ireland), among others.
Industry/ Innovations/ Related News
January 21, 2020 ---- Food
Ingredients First (the Netherlands), the point of call for food & beverage
companies, in its recent report, states that food safety, extending shelf life
naturally, and tackling food waste are priorities for the F&B industry.
FoodIngredientsFirst evaluates the latest natural preservation products and
techniques and speaks to key players innovating in this space.
FoodIngredientsFirst is the go-to source for industry coverage on
food and beverage innovations, ingredients applications, and market trends. The
company states that consumers want short ingredient lists that detail natural,
recognizable foods, encouraging manufacturers to develop organic preservation
solutions across a range of categories.
NOTE: Our Team of
Researchers are Studying Covid19 and its Impact on Various Industry Verticals
and wherever required we will be considering Covid19 Footprints for Better
Analysis of Market and Industries. Cordially get in Touch for More Details.
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor,
New York,
New York 10013,
United States of America
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