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Report: US preservatives market will see 2.7% CAGR

In its report just published, MicroMarketMonitor says that the North America food and beverage preservatives market will grow from $940.4 million to $1,074.1 million at a CAGR of 2.7% from 2014 to 2019. The report segments the market on the basis of type into natural ingredients preservatives and synthetic ingredient preservatives. This market is also segmented on […]

In its report just published, MicroMarketMonitor says that the North America food and beverage preservatives market will grow from $940.4 million to $1,074.1 million at a CAGR of 2.7% from 2014 to 2019.

The report segments the market on the basis of type into natural ingredients preservatives and synthetic ingredient preservatives. This market is also segmented on the basis of varied functions into antimicrobials, antioxidants, and others. Similarly, on the basis of application, this market is classified into meat and meat products, beverage products, bakery, dairy products, confectionaries, snacks, and fats and oils among others.

The North America food and beverage preservatives market is dominated by the US, says the company, who note that food and beverage manufacturers are shifting their focus towards the adoption of natural preservatives to replace chemical preservatives, and manufacture food products with clean labels. Numerous herbs and spices carry antimicrobial properties, it points out, and thus are being used as natural food preservatives.

Major companies operating in the North America food and beverage preservatives market include Celanese Corporation (U.S.), Danisco A/S (Denmark), and Royal DSM NV (Netherlands) among others, MicroMarketMonitor notes, and says that, to expand their market share, these companies are adapting numerous market strategies including innovative product development, partnerships, mergers and acquisitions, and expansion of their existing facilities.