-- Market Insight
A preservative is a chemical or substance that has been added to products such as beverages, food, paints, biological samples, pharmaceutical drugs, wood, cosmetics etc. to impede decomposition by undesirable chemical changes or by microbial growth. Organic food preservatives have become an improved substitute to usual food preservatives as it includes nutrients such as phytonutrients, vitamins, minerals, and others which makes them undeniably safe for consumption. These find wide application in both raw as well as cooked food to improve the shelf life of food so that taste, aroma, and the food itself can be preserved for a longer amount of time. These preservatives naturally implement the procedure of osmosis to destruct microorganisms thereby making these products economical and safe. It does not modify the color of the food and provides it the necessary flavor. Organic food preservatives can also aid in ensuring health by curtailing the risk of food-borne ailments caused by microorganisms in food, and by reducing oxidation in the body, which may take place as a result of oxidized food constituents. Increasing health awareness and nutritional attributes are likely to remain the primary drivers of the organic food preservatives market over the forecast period.
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Key Players
The global organic food preservatives market has been widely dominated by key players such as DuPont Nutrition & Biosciences (Denmark). DuPont Nutrition and Biosciences has recently launched a naturally sourced preservative for vegan and plant-based beverages, called Grindsted Gellan Veg 200. As more users turn to plant-based products for their environmental sustainability, perceived health benefits, and ethical reasons, the product debuted by DuPont Nutrition & Biosciences is likely to meet a significant demand in the marketplace.
The other notable players in global organic food preservatives market include-
• Univar Inc. (U.S.)
• Hawkins Watts Limited (Australia)
• Kemin Industries, Inc. (U.S.)
• Tate & Lyle (U.K.)
• Cargill, Incorporated (U.S.)
• Akzo Nobel N.V. (Netherlands)
Market Segmentation
Based on function, the worldwide organic food preservatives market has been segmented into antioxidants, antimicrobials, and others. The antimicrobials segment is likely to be the fastest-growing sector in the organic food preservatives market over the forecast period. Based on nutrients, the industry has been segmented into phytonutrients, vitamins, minerals, and others. The increasingly nutritious qualities have helped in escalating the market for organic food preservatives. Based on application, the global organic food preservatives market has been segmented into confectionery, bakery, frozen & dairy products, fats & oils, beverages & snacks, poultry & seafood, meat, and others. The organic food preservatives find wide application as a helpful alternative to table sugar for an extensive range of food products, beverages, and bakery products which is expanding its demand worldwide. Based on distribution channel, the market has been segmented into store based and non-store based. Store based segment has been sub segmented into hypermarkets, food processing industries, supermarkets, specialty stores, and others.
Regional Analysis
Geographically, the Organic Food Preservatives Market has been segmented into Europe, Asia Pacific, North America, and Rest of the World (RoW). Among these, the Asia Pacific region has managed to obtain a significant market share owing to rapid growth in demand for food shadowed by North America. The organic food preservatives market is emerging swiftly in this region as the surging demand levels for organic foods has outcomes on the preservative categories needed to uphold freshness in products. There is upscaling demand for nutritious food, beverages, and dietary products as well as due to the dietary benefits of these organic preservatives in this region. Shifting consumer preferences for dietary, healthy, and natural products will endure the application of organic food preservatives products in the APAC region over the forecast period.
Rising demand for food and beverages in North America is likely to propel the development of the market in this region over the forecast period.
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