A preservative is a substance or a chemical that is added to products such as food, beverages, pharmaceutical drugs, paints, biological samples, cosmetics, wood, and many other products to prevent decomposition by microbial growth or by undesirable chemical changes. In general, preservation is implemented in two modes, chemical and physical. Chemical preservation entails adding chemical compounds to the product. Physical preservation entails processes such as refrigeration or drying. Preservative food additives reduce the risk of foodborne infections, decrease microbial spoilage, and preserve fresh attributes and nutritional quality. First and foremost, the changing lifestyle, preference for fresh products, and surge imports and exports are the major factors that propelling the Chemical Food Preservative market growth.
Chemical Food Preservative Market Conspectus
Global Chemical Food Preservative Market Report demonstrated that Chemical Food Preservative market is poised to present surging growth during the predicted period from XXXX million USD in 2019 to XXXX million USD by 2026 with a CAGR of XXXX%. Global economic development, government policy adjustment, related industry dynamics, industrial upgrading, and competition among enterprises are influencing the development of Chemical Food Preservative market. A distinctive and comprehensive picture of Chemical Food Preservative market is embodied in the report.
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Major Participators Landscape
Market pacemakers covered in the report are DSM, BASF, Celanese, Dupont, Cornion, Galactic, Akzonobel, Kemin, NTAC, Wanglong, and Kunda. The report provides an analysis of the competitive landscape and offers information about the various products, which will help companies to take advantages of the emerging opportunities. Production and consumption may continue developing with a stable growth rate during the forecast period. To meet the surging demand, more new entrants are expected.
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Chemical Food Preservative Type Abstract
Based on the type, the Chemical Food Preservative can be divided into Benzoates, Nitrites, Sulphites, and Other.
Chemical Food Preservative Application Abstract
The Chemical Food Preservative is widely used into Bakery, Beverages, Dairy and Milk Products, Meat, Poultry and Seafood, and Others.
Meat and poultry segment accounted for the largest market share of 35% in 2018. The processed meat, poultry, and seafood industry are expanding at a significant rate globally, which is expected to drive the demand over the forecast period. Beverage segment is expected to witness the fastest growth over the forecast period driven by the expansion of the industry in the Asia Pacific.
Key Regions Overview
North America dominated the Chemical Food Preservative market and expected to maintain its dominance during the forecast period. The increasing availability of processed foods and greater acceptance of ready-to-eat foods from consumers in the U.S and Canada are the major factors that driving the Chemical Food Preservative market growth in this region. Furthermore, well-established bakery stores and the increase in consumption of processed meat are also expected to boost market growth.
The Asia Pacific is expected to witness a rapid growth during the predicted years. This trend is mainly attributed to the increasing working population, the increasing disposable income, the increasing preference for ready-to-eat products, stable growing economy, and rapid development of food& beverage industry.
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