China Food Preservatives Market by Types (Natural and Synthetic), Application (Beverages, Dairy & Frozen Products, Bakery & Confectionery, Meat, Poultry & Seafood, Sauces & Salad Mixes, and Others), and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021–2028.
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.
Market Drivers, Restraints, Trends, and Opportunities
- Rising consumer preference for ready-to-eat (RTE) meals created equal opportunities for food preservative manufacturers in the market.
- Growing requirement for food preservatives to prolong the shell life of food products is expected to foster the market growth.
- The COVID-19 outbreak disrupted the supply chain, which in turn, hampered the growth of the market during the forecast period. However, declining number of cases and relaxation in restriction is expected to help the market recover soon.
- Increasing demand for convenience foods is boosting the growth of the market.
- Ongoing technological advancements in the manufacturing process is expected to positively influence the market growth.
Scope of the Report
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 |
China Food Preservatives Market Segment Insights
Natural segment to account a large market share
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.
Bakery & Confectionery segment to exhibit a high CAGR
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.
Segments
Segments Covered in the Report
Types
-
Natural
- Synthetic
Applications
- Beverages
- Dairy & Frozen Products
- Bakery & Confectionery
- Meat
- Poultry & Seafood
- Sauces & Salad mixes
- Others
Country
- China
Key players
- Cargill Inc
- Kerry Group
- Corbion Purac
- Royal DSM
- Jungbunzlauer Ag
Competitive Landscape
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.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Food Preservatives Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Food Preservatives Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Food Preservatives Market - Supply Chain
4.5. Global Food Preservatives Market Forecast
4.5.1. Food Preservatives Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Food Preservatives Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Food Preservatives Market Absolute $ Opportunity
5. Global Food Preservatives Market Analysis and Forecast by End Users
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by End Users
5.2.2. Y-o-Y Growth Projections by End Users
5.3. Food Preservatives Market Size and Volume Forecast by End Users
5.3.1.
5.4. Absolute $ Opportunity Assessment by End Users
5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Food Preservatives Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Food Preservatives Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Food Preservatives Demand Share Forecast, 2019-2026
7. North America Food Preservatives Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Food Preservatives Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Food Preservatives Market Size and Volume Forecast by End Users
7.4.1.
7.5. Basis Point Share (BPS) Analysis by End Users
7.6. Y-o-Y Growth Projections by End Users
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Food Preservatives Demand Share Forecast, 2019-2026
8. Latin America Food Preservatives Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Food Preservatives Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Food Preservatives Market Size and Volume Forecast by End Users
8.4.1.
8.5. Basis Point Share (BPS) Analysis by End Users
8.6. Y-o-Y Growth Projections by End Users
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Food Preservatives Demand Share Forecast, 2019-2026
9. Europe Food Preservatives Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Food Preservatives Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Food Preservatives Market Size and Volume Forecast by End Users
9.4.1.
9.5. Basis Point Share (BPS) Analysis by End Users
9.6. Y-o-Y Growth Projections by End Users
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Food Preservatives Demand Share Forecast, 2019-2026
10. Asia Pacific Food Preservatives Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Food Preservatives Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Food Preservatives Market Size and Volume Forecast by End Users
10.4.1.
10.5. Basis Point Share (BPS) Analysis by End Users
10.6. Y-o-Y Growth Projections by End Users
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Food Preservatives Demand Share Forecast, 2019-2026
11. Middle East & Africa Food Preservatives Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Food Preservatives Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Food Preservatives Market Size and Volume Forecast by End Users
11.4.1.
11.5. Basis Point Share (BPS) Analysis by End Users
11.6. Y-o-Y Growth Projections by End Users
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Food Preservatives Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Food Preservatives Market: Market Share Analysis
12.2. Food Preservatives Distributors and Customers
12.3. Food Preservatives Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Cargill Inc
12.4.2. Kerry Group
12.4.3. Corbion Purac
12.4.4. Royal DSM
12.4.5. Jungbunzlauer Ag
Segments Covered in the Report
Types
-
Natural
- Synthetic
Applications
- Beverages
- Dairy & Frozen Products
- Bakery & Confectionery
- Meat
- Poultry & Seafood
- Sauces & Salad mixes
- Others
Country
- China
Key players
- Cargill Inc
- Kerry Group
- Corbion Purac
- Royal DSM
- Jungbunzlauer Ag
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.
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