Depth Research of Food Preservatives Market forecast from 2017 to 2025

Stringent government regulation is expected to be one of the key challenges for food preservatives market. For instance, in June 20, 2016, The Government of India’s (GOI) Food Safety and Standards Authority of India (FSSAI), bans the use of potassium bromate and cyclamates in food. Moreover, The Government of the Hong Kong special Administrative region, in July 01, 2008, introduced new regulations to control the use of preservatives and antioxidants in food. Also, in December 24, 2014, the National Health and Family Planning Committee of China

Introduced the National Food Safety Standard for Food Additive Use (GB2760-2014), which will be implemented on May 24, 2015.

To get holistic SAMPLE of the report including table of contents, please click: https://www.coherentmarketinsights.com/insight/request-sample/356

Regional Insights

Europe, followed by North America and Asia Pacific accounted for major share in the global Food Preservatives market in terms of revenue in 2016 and the trend is estimated to remain the same over the forecast period. In 2016, Europe held a share of 28.1% in terms of value, followed by Europe (27.6%). The growing demand for confectionery in Asia Pacific due to growing population, increased urbanization and growing retail and hospitality sector is expected to drive growth of the global food preservatives market over the forecast period. According to a study conducted by Coherent Market Insights, the global anti-oxidants market is expected to witness a CAGR of 3.32% during 2017-2025, which is expected to fuel growth of the global food preservatives market.

Multinational players need to tap potential addressable market in the emerging regions with the help of geographical expansion

Product portfolio expansion and geographical expansion are the key market trends which are expected to shape the industry in the near future.

Major players in the global Food Preservatives market include Univar Inc., Hawkins Watts Limited, Cargill Inc., DSM N.V., Galactic, Danisco A/S, Tate & Lyle PLC, and Brenntag AG, Kemin Industries Inc., AkzoNobel N.V., among others.

The global Food Preservatives market size is estimated at US$ 2.23 billion in 2016 and is expected to expand at a CAGR of 3.30% from 2017 – 2025.

Ask for Customization of Research [email protected] https://www.coherentmarketinsights.com/insight/request-customization/356

The meat, poultry & sea food is dominating the food preservative market in 2016 and the trend is expected to continue during the forecast period. The demand for protein food and organized retail is expected to drive the food preservatives market. Moreover, changing demography and increase in disposable income especially in Latin America and Asia Pacific also, innovation in meat processing technology is expected to fuel the market for food preservatives. Furthermore, supportive government initiatives in Asia Pacific, is expected to boost the market for food preservatives. For instance, in July 21, 2015, The Government of India plan to set up 13 Mega Food Parks  in various states of India, which includes, Andhra Pradesh, Bihar, Chhattisgarh, Himachal, Gujarat, Jammu & Kashmir, Madhya Pradesh, Maharashtra, Odisha, Rajasthan and Uttarakhand. Moreover, by 2017, The Spice Board of India, set up by the Ministry of Commerce to promote and develop Indian spices across the world, aims to export US$ 3 billion.

You may be interested

Cladding Systems Market Shows Expected Trend to Guide from 2018-2026 with Growth Analysis
Business
Business

Cladding Systems Market Shows Expected Trend to Guide from 2018-2026 with Growth Analysis

Mohit Joshi - August 20, 2018

Cladding Systems Market report 2018-2026 focuses on the major drivers and restraints for the key players. These research report also provides granular analysis of the market share,…

Guar Gum Market Applications, Types and Market Analysis to 2026
Chemicals and Polymer Science
Chemicals and Polymer Science

Guar Gum Market Applications, Types and Market Analysis to 2026

Alex Mathew - August 20, 2018

Guar Gum Market report 2018-2026 focuses on the major drivers and restraints for the key players. These research report also provides granular analysis of the market share,…

Blister Packaging Market Trends Estimates High Demand by 2026
Business
Business

Blister Packaging Market Trends Estimates High Demand by 2026

Mohit Joshi - August 20, 2018

Blister Packaging Market report 2018-2026 focuses on the major drivers and restraints for the key players. These research report also provides granular analysis of the market share,…

Most from this category