Food Preservatives Market Forecast – Estimated To Generate USD 2.8 Billion By 2018

Food preservatives are constituents that are mixed with consumer food products. They prolong the shelf life of these products and also check food decaying owing to the growth of microbes. Food can be preserved with the help of artificial as well as natural preservatives. The worldwide food preservatives market is predicted to experience significant expansion during the forecast phase.

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The primary component that drives the food preservatives market is escalating demand for packaged and refined food. Growing demand for crude food items is also propelling the market further. Moreover, escalating demand for food preservatives and growing apprehensions towards food protection are also aiding further growth of the food preservatives market.

The forecast phase of the food preservatives market extends from 2013 to 2020. This market is segmented on the basis of four categories. These are products, applications, functions and geographies. The products sector consists of artificial and natural. The application market consists of sea food products and meat poultry, milk and dairy products, beverages products, bakery products and others.

The functions sector of the food preservatives market encompasses antioxidants, antimicrobials and others. The geography sector is segmented on the basis of four regions. These are Europe, Asia Pacific, North America and rest of the world. North America was the biggest food preservatives market in 2013. It is anticipated to display related trends till 2020.

The region of rest of the world is projected to be the most rapidly expanding food preservatives market. This is likely to happen through the forecast phase. The end of the said phase is projected to generate revenue worth about USD 2.8 billion.

Food Preservatives Market Forecast

Information Source: Radiant Insights

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