Market Synopsis
According to Market Research Future (MRFR), the global food preservatives market is estimated to acquire the market value of USD 3315.5 million, expanding at a CAGR of 3.80% by 2023.
The increasing demand for processed foods is anticipated to be a key factor driving the food preservatives market 2020. The growing popularity of bakeries and confectionaries are likely to surge the need for food preservatives, which can boost the market in the review period. Besides, the growing demand for longer shelf food and better product quality are projected to enhance the demand and strengthen the market during the forecast period. The rising exports and imports, consumers’ willingness to pay for a premium price due to increasing disposable income, and change in lifestyle are other salient factors fueling the requirement for food preservatives, which can expand the market.
On the contrary, the growing awareness about the side effects of synthetic preservatives is likely to hamper the market growth during the forecast period. However, the increasing penetration in the organized retail sector, along with the factors mentioned above, are projected to counter the constraining factors and boost the market in the forecast period.
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Market Segmentation
The segmental analysis of the global food preservatives market is done by type, application, and function.
The type-based segments of the global food preservatives market are synthetic, natural, benzoates, propionates, sorbates and nitrates. Among all, the synthetic segment is likely to dominate the market by acquiring a significant market share of 67.09% during the review period.
The application-based segments of the global food preservatives market are bakery & confectionery, beverages, dairy, among others. Among all, the bakery & confectionery segment is projected to dominate the market by procuring significant market share. On the other hand, the dairy and frozen dessert segment are likely to be the fastest-growing segment during the review period.
The function-based segments of the global food preservatives market are antioxidants and antimicrobials. The antimicrobial segment is anticipated to dominate by acquiring the market value of 57.06% during the forecast period.
Regional Analysis
Based on the region, the global food preservatives market is segmented into Europe, North America, Asia-Pacific, and the Rest of the World (RoW).
As per the analysis, the global market is anticipated to be dominated by North America owing to the fast-paced life leading to a rise in the demand for packaged foods. North America is a major exporter of fruits, which can increase the demand for preservatives during the forecast period. The U.S. and Canada are predicted to play a crucial role in expanding the regional market due to the fast-paced development.
APAC is anticipated to be the fastest-growing region during the review period owing to the increase in population during the evaluation period. Furthermore, the changing lifestyle and the growing inclination towards packaged food are expected to fuel the regional market in the coming period. In addition, the growing popularity of bakeries and confectionaries are other salient causes driving market growth.
Europe market is predicted to acquire significant market share during the forecast period owing to the growing consumption of packaged food. The U.K. and Germany are anticipated to make a notable contribution owing to the fast paced development which can drive the market expansion.
The MEA region is anticipated to acquire the least market share during the forecast period owing to the sluggish development of economy. However, the presence of untapped markets is expected to drive the regional growth of the market.
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Key Players
Some of the renowned players of the global food preservatives market are Akzo Nobel N.V. (the Netherlands), BASF (Germany), Cargill, Incorporated (U.S.), DuPont (U.S.), Univar Inc. (U.S.), Royal DSM (the Netherlands), and Kemin Industries, Inc. (U.S.).
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Global Food Additives Market – OverviewDue to rising demand for flavors, and preservatives in the food industry, the market of food additives is growing at an incremental pace globally.
Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Food Additives Market Research Report- Forecast to 2022 that the market will demonstrate an exponential growth while achieving billion-dollar growth rapidly in the forecast period.The global food additives market is increasing due to increased demand for food additives in food and beverages industry.
However, health conscious consumers nowadays precisely look for product labels to know the exact composition of packaged foods before purchasing which has a direct impact on manufacturers to switch for natural food additives in packaged foods.Latest Industry UpdatesAug 2017 In order to support the rising demand for natural sweeteners from the consumers’ end, Coca-Cola announced their interest in investments in all-natural low- or no-calorie sugar alternatives.
The innovation through HeroX crowdsourcing platform will help the company in expanding and strengthening their business portfolio.May 2017 Whole Earth Sweetener Company, launched their new stevia range in the U.K.
The company’s strategy is to suffice the rising demand for natural sugars based on escalating health consciousness among the consumers.Mar 2017 Encouraging manufacturers to enter into production of natural sweeteners as a potential food additive, ED Man and Unavoo launched natural sweetener breakthrough that cuts sugar by 100%.
The product claims to have high potential as sugar replacer.Jul 2016 Food color is considered to be one of the vital food additives which adds to the organoleptic properties of the food product, Sentient launched yellow and orange food colors to broaden their food color range.Global Food Additives Market - Competitive AnalysisNew players are entering the market to penetrate the global market and generate revenues out of their food additives offerings.
Market HighlightsFlavored Water Market has witnessed continued growth over the last few years and is projected to reach USD 16,370.4 Million by 2025 at a CAGR of 7.6%.
Flavored water is carbonated or still water enriched with different flavors.
Hence, the focus on health consciousness is directly fueling the demand for flavored water across the globe.
The Global Flavored Water Market is highly competitive with key industry players adopting various strategies such as product launches and acquisitions to strengthen their market positions.
It has been forecast that improvements in the global economic scenario and the growing flavored water industry in emerging nations would drive market growth.Segmental AnalysisThe Global Flavored Water Market has been segmented on the basis of Type, Packaging Type, Distribution Channel, and Region.Based on type, the global market has been divided into carbonated and still.
Still, flavored water is obtained from a variety of sources such as groundwater from wells, protected springs, or public water supply and is considered better than carbonated water.By packaging type, the market has been categorized as bottles, cans, and others.
Market HighlightsThe global plant-based snacks market is projected to register a significant growth rate of 8.02% from 2019 to 2024 to reach a market value of USD 34,276.8 Million by the end of 2024.
The demand for convenience foods such as snacks has been increasing at a high pace over the last decade.
The rising prevalence of illnesses such as diabetes, obesity, and cardiovascular diseases are driving the demand for healthy vegan and vegetarian snacks which, in turn, is propelling the growth of the global plant-based snacks market.The global plant-based snacks market has been segmented on the basis of product type, category, distribution channel, and regionBased on product type, the global plant-based snacks market has been divided into meat alternative snacks, cereal/grain-based snacks, fruit and nut snacks, plant-based snack bars, and others.
Increasing consumer awareness regarding the adverse effects of synthetic food ingredients is anticipated to drive the growth of the organic segment.Based on distribution channel, the global plant-based snacks market has been segmented into store-based and non-store-based.
The store-based segment has been further divided into supermarkets and hypermarkets, convenience stores, and others.
The mode also helps vendors create brand awareness.Key PlayersSome of the key players in the global plant-based snacks market are Blue Diamond Growers Inc. (US), Louisville Vegan Jerky Company (US), Conagra Brands, Inc. (US), Outstanding Foods, Inc. (US), Vegan Rob's (US), Amy's Kitchen (US), Unilever Group (UK), General Mills Inc. (US), Nestle S.A. (Switzerland), Louisville Vegan Jerky Co. (US), Primal Spirit Foods, Inc. (US), Eat Natural (UK), Green Park Snacks Ltd (UK), Siren Snacks Inc. (US), and Zellee Organic (US).Browse Full Report Details @ https://www.marketresearchfuture.com/reports/plant-based-snacks-market-7923Key DevelopmentsApril 2019: Eat Natural introduced a new plant-based snack bar in the UK market.
Food Safety Testing Market:WiseGuyReports.com adds “Global Food Safety Testing Market Size, Status and Forecast 2020-2026” reports to its database.Executive SummaryFood Safety Testing checks on the Food products for disease producing organisms, chemicals and other hazardous materials which when consumed by the population can source severe diseases.
Although, a moderate growth is expected from the industry during the pandemic due to the spread of the COVID-19.
As relaxations are provided by governments on the food label norms manufacturers to ensure an ample supply of essential food products to the population particularly in economies affected by lockdown.
Moreover, the outbreaks caused due to this disease further encourages the government to introduce various regulations on food safety and its quality.
This can be seen through the interim Guidelines issued by the World Health Organization on 7th April 2020 regarding guidance for Food Businesses.
However, excessive use of additives in the food products and stringent governmental regulations regarding preservatives hinders the market growth.Request Free Sample Report @ https://www.wiseguyreports.com/sample-request/5320617-global-food-safety-testing-market-size-study-withThe regional analysis of global Food Safety Testing market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World.
This form of biopsy is conducted with the help of minimally invasive biopsy systems due to minimal pain and disfigurement.
The global breast biopsy market is expected to expand in significant fashion during the forecast period of 2018 to 2023.Request Sample Copy:https://www.marketresearchfuture.com/sample_request/6288The increasing prevalence of breast cancer, especially for women above 35 years of age during menopause, who are more susceptible to breast cancer, and rising awareness concerning breast cancer screening programs are the major drivers of the market.
In addition to these, the market growth is also restricted due to the high cost of surgical procedures and the risks associated with them.
At the same time, the emergence of technologically advanced and the usage of breast biopsy devices that are minimally invasive are expected to tap into the potential opportunities that the market holds.Market SegmentationThe global breast biopsy market segmentation is done as per technique type, product, guidance technology, and end-user.By product, the market includes biopsy tables, guidance systems, biopsy needles, biopsy wires, and others.By technique type, the market includes core needle biopsy, fine needle aspiration biopsy, wire localization, MRI-guided core needle biopsy, biopsy markers, surgical biopsy, and sentinel node biopsy.
The surgical biopsy segment is divided into excisional biopsy and incisional biopsy.By guidance technology, the market includes CT-guided biopsy, ultrasound-guided, mammography-guided magnetic resonance, and various other image-guided breast biopsy (PET and thermography).By end-user, the market comprises of ambulatory surgical centers, hospitals, diagnostic centers, and others.Regional AnalysisThe geographical breast biopsy market segmentation covers four major regions, namely North America, Asia-Pacific, Europe, and the Middle East & Africa.North America is anticipated to hold the largest market share over the forecast period as per the market report published by MRFR.
The Europe market holds the second-largest share of the breast biopsy market due to the striking prevalence of breast cancer in the UK and Belgium.
Market OverviewConfectionery products majorly include pastilles, gums, jellies, and chews which are high in sugar content.
Increasing demand for confectionery products has given an opportunity to the sugar confectionery manufacturers to come up with various innovative sugar confectionery products.
Furthermore, high demand for sugar confectioneries among children is considered to be a major driving factor for the market growth.
Additionally, demand for medicated sugar confectionery is pushing the growth of the market in a positive direction.Market ForecastSugar confectionery products are attractive and sweet which is gaining traction among all the age groups.
Moreover, key players are growing their market through attractive packaging, which is adding fuel to the growth of the sugar confectionery market.
Growing retail sector is majorly contributing to the growth of pastilles segment as they usually fall under an impulsive purchase of the consumers.On the basis of the packaging, the sugar confectionery market is segmented into sachets, boxes, and others.
