The China food preservatives market size is projected to expand at a CAGR of 4.7% in the forecast period 2021–2028. The growth of the market is attributed to rising population and rapid urbanization.
Food preservatives segment is one of the rapid growing segment in the food additives market. They are used to prevent spoilage and decomposition, which happens in food products due to microbial reactions. The food preservatives market is expected to grow at a healthy rate fastest in China owing to the major share of the country in the food processing industry.
The COVID-19 outbreak has led to elevated sales of retail and long-shelf products across the country, pertaining to restrictions on going out. Hence, the people across the country have engaged into stock piling of groceries and packaged food products. The major application segments that contributed to a huge demand during the pandemic period were bakery, frozen foods, and snacks, among others.
Food preservatives are used in food products such as bakery & confectionary, fruits and vegetables, dairy & frozen products, meat, poultry & seafood, savory snacks, and beverages.
The report on the China food preservatives Market includes an assessment of the market, trends, segments and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
China Food Preservatives Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Types (Natural and Synthetic) and Application (Beverages, Dairy & Frozen Products, Bakery & Confectionery, Meat, Poultry & Seafood, Sauces & Salad mixes, and Others) |
Geographic Zone |
China |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Cargill Inc, Kerry Group, Corbion Purac, Royal DSM, and Jungbunzlauer Ag |
Based on types, the market is bifurcated into natural and synthetic. The natural segment is projected to account for a major market share during the forecast period. Increasing preference for natural food preservatives over synthetic ones is driving the market growth segment. This is due to rising health concerns among the population.
Many consumers are becoming aware of artificial preservatives and avoiding age-old additives, such as BHA and BHT, sorbates, and benzoates, among others. Rising geriatric population and calorie-conscious consumers are looking for healthy alternatives in the form of organic food products, thus, driving innovations. R&D is being undertaken, with new formulations coming up in categories, such as preservatives, flavor enhancers, natural color additives, and protein-based fat replacers, which enhance the organic food quality.
On the basis of applications, the market is divided into beverages, dairy & frozen products, bakery & confectionery, meat, poultry & seafood, sauces & salad mixes and others. The bakery and confectionery segment is projected to exhibit a high CAGR during the forecast period. Rising use of food preservatives for various bakery products such as bread, cake, and rolls is driving the segment growth. The preservatives are also being used as taste enhancers.
The booming beverage industry is increasing the consumption of ingredients, including preservatives which is fostering the beverages segment growth. Moreover, growing demand for beverages and rising demand for natural preservatives among manufacturers are fueling the segment growth. Manufacturers are embracing innovation for gaining a position in the market by incorporating organically sourced preservatives in the product formulation.
Some of the major key players in the china food preservatives market includes Cargill Inc, Kerry Group, Corbion Purac, Royal DSM, and Jungbunzlauer Ag.
Companies are increasing in R&D activities expenditure to innovate products under the natural preservatives segment to meet the growing consumer preference for natural food products.
Some of the major key players in the china food preservatives market includes Cargill Inc, Kerry Group, Corbion Purac, Royal DSM, and Jungbunzlauer Ag.
Companies are increasing in R&D activities expenditure to innovate products under the natural preservatives segment to meet the growing consumer preference for natural food products.
Some other reports from this category!