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Global Food Preservatives Market Is Expected to Reach Usd 2,560 Million by 2020: Transparency Market Research

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Transparency Market
Research

Food Preservatives Market - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast, 2014 - 2020

Published Date
05-03-2015

93 Page Report

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Press Release
Global Food Preservatives Market to Reach US$2.5 bn by 2020 owing to
High Demand for Convenience Foods and Organic Foods

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Food Preservatives Market

REPORT DESCRIPTION

Transparency Market Research has published a new market report titled “Food Preservatives Market Global
Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2014 - 2020.” According to the report, the
global food preservatives market is valued at USD 2,000 million in 2013 and is estimated to reach USD
2,560 million in 2020, growing at a CAGR of 3.5% from 2014 to 2020. Among different regions the RoW
market is expected to grow at the highest CAGR of 4.0% over the forecast period. In terms of revenue
North America held the largest market size of USD 729.8 million in 2013 and is expected to reach USD
921.6 million by 2020.
Preservatives are added to food products to prevent decomposition and unwanted bacterial growth.
Currently, using preservatives in bakery and dairy products, beverages, meat and poultr has become the
accepted method to resolve quality issues of the food industry worldwide. Food preservatives are used to
keep food products safe for a long duration of time. Food preservatives can be categorized into two major
segments - natural and synthetic. Preservatives included under synthetic food preservatives are benzoic
acid, sorbic acid, lactic acid, and propionic acid among others. Busy lifestyles and increasing number of
working people is fueling the demand for processed food. With the current market trend, manufacturers
are using preservatives for...

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