The global food preservatives market is estimated to be valued at USD 3.4 billion in 2023. It is projected to reach USD 3.9 billion by 2028, recording a CAGR of 3.0% during the forecast period. The food and beverage processing industry has an impact on the market for food preservatives, and is also driven by consumer tastes and trends. In recent years, there has been significant changes in the market and is anticipated to undergo significant modifications in food preservation.
Key players in this market include Cargill, Incorporated (US), DSM (Netherlands), ADM (US), Kerry Group plc (Ireland) Kemin Industries, Inc (US) are among a few leading players in food preservatives market. The major focus was given to the expansions and investments of the businesses . These players have implemented a variety of growth techniques to strengthen their position in the market. It includes product launches, contracts, partnerships, mergers and acquisitions, and new product development activities further to expand their presence in the food preservatives market.
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Cargill, Incorporated (US)
Cargill, Incorporated (US) is one of the leading food preservative companies across the globe. The company’s key business segments consists of specialty food ingredients & applications and bulk ingredients. Preservatives are provided through the Food & Beverage ingredients business segment. The business provides a variety of acidulants used as preservatives in the food and beverage industry. The company adopts various growth strategies and strongly focuses on research and development. The company’s research & development centers are located in Europe and North America, and it provides services in Africa, Europe, Asia, Latin America, North America, and the Middle East.
DSM (Netherlands) is a multinational corporation engaged in the production of nutritional and pharmaceutical ingredients and industrial chemicals. The company has four major segments: Animal Nutrition and Health, Health, Nutrition and Care, Food & Beverage, and Others. The company has its major focus on its R&D activities. It has its global presence in North America, Europe, Asia Pacific, South America and the Middle East.
ADM (US) provides preservatives under its human nutrition segment, which is a subsegment of Nutrition. It operates through four major segments: Agricultural Services, Oilseeds, Carbohydrate Solutions, and Nutrition. It operates through processing and manufacturing facilities across the US and worldwide its presence in around 190 countries and is globally present in Europe, Asia Pacific, South America, Middle East and North America.
Kerry Group plc (Ireland)
Kerry Group plc (Ireland) is a prominent producer of food ingredients and flavors. The company manufactures and markets food ingredients and flavors for the food, beverage, and pharmaceutical industries. It majorly operates through two business segments: Taste & Nutrition and Consumer Foods. It It places a heavy emphasis on R&D, with over 1,000 R&D scientists working toward innovations.Kerry supplies its products in around 150 countries across Europe, the Middle East, Africa (EMEA), the Americas, and Asia Pacific and has 149 manufacturing facilities in 31 countries.
Kemin Industries, Inc (US)
Kemin Industries, Inc is a leading bioscience company that develops molecular solutions in order to provide nutrition and health benefits. It operates through six segments including Animal Nutrition & Health, Food Technologies, Human Nutrition & Health, Aquaculture, Pet Food & Rendering Technologies, and Textile Auxiliaries. The company has a strong sales network, with its offices in around 120 countries and has manufacturing facilities in eight countries: Belgium, Brazil, China, India, Italy, Singapore, South Africa, and the US.
Food Preservatives Market by Type (Synthetic Preservatives and Natural Preservatives), Function (Antimicrobials, Antioxidants), Application, and Region ( North America, Europe, Asia-Pacific, Middle -East Africa) - Global Forecast to 2028
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