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Koninklijke DSM N.V and Cargill Inc. are Leading Players in Food Preservatives Market
The food preservatives industry has many players (small, medium, and large); however, it is dominated by a few, which include Akzo Nobel N.V. (Netherlands), Danisco A/S (Denmark), Cargill, Incorporated (U.S.), Univar Inc. (U.S.), and Koninklijke DSM N.V (Netherlands), which collectively account for a major part of the food preservatives market. Expansions, acquisitions, and new product launches were the preferred growth strategies in this market. The purpose of adopting these strategies was that it resulted in better market penetration, increased product portfolio, and helped to reach new potential markets. Other players such as Brenntag Solutions Group, Inc. (Germany), Tate & Lyle (U.K.), Kemin Industries, Inc. (U.S.), Galactic (Belgium), and Hawkins Watts Limited (New Zealand) also have a strong presence in this market.
Koninklijke DSM N.V
Koninklijke DSM N.V. (Netherlands) is engaged in the production of nutritional, pharmaceutical ingredients, and industrial chemicals. It operates through six segments, namely, nutrition, pharmaceuticals, performance materials, polymer intermediates, innovation center, and corporate activities. The nutrition segment of the company comprises DSM Nutritional Products and DSM Food Specialties, which offers food preservatives for the dairy and frozen food, bakery products, confectionery and condiments, meat, poultry, seafood, beverages, and oil & fats.
DSM Food Specialties focuses on enhancing its market presence in the global food ingredients market through new product launches and geographic expansions in high growth markets. In 2015, the company opened an innovation center in Asia-Pacific as part of its strategy to enhance its presence in the food preservatives market in the region. The company launched ‘Delvo Cid’, which has a property of quick solubility. It also launched an all-natural preservation system for still beverages and drinks with sorbate and benzoate, which significantly enhances both its shelf-life and taste. This enabled the company to develop quality food preservatives solutions as per the market demand.
Cargill is a privately held and one of the leading manufacturers of food processing commodities, globally. It offers food preservatives products through its food ingredients and products segment that is under the food & beverages segment.
The company is focusing on expansions as its key strategy; it expanded its presence in various regions while entering into new business sub-segments. This strategy helped the company to better serve and reach its regional clients and dealers. It opened a new innovation center in the U.S. in 2011, which focused on bringing innovative products regarding food quality, nutrition, meat production, and packaging. The company has strong R&D capabilities, and also offers customized product solutions, which provide a strategic advantage to meet the market demand.
Food Preservatives Market by Type (Natural and Synthetic), Function (Antimicrobials and Antioxidants), Application (Oil & Fat, Bakery, Dairy & frozen, Snack, Meat, Poultry & Seafood, Confectionery, and Beverage), and Region - Global Forecast to 2021
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