Organic Food Preservatives Market Size, Share, Revenue, and Forecast Report
The Organic Food Preservatives Market Size 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 Market 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 Market– 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 Market– Regional Analysis
North America dominates the global Organic
Food Preservatives Market Size.
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 Market is expected to retain its dominance in the
global market throughout the forecast period.
Europe stands second in the global Organic Food Preservatives
Market. 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 Market is forecasted to create a
substantial revenue pocket over the review period.
The Organic Food Preservatives Market 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 Market 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 Market is projected to register the highest CAGR over the
assessment period.
Global Organic Food Preservatives Market– Competitive Analysis
Highly
competitive, the Organic Food Preservatives Market Size 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 Market 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.
Food Ingredients First evaluates the latest natural preservation products and
techniques and speaks to key players innovating in this space.
Food Ingredients First 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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