Food Preservatives Market is expected to reach USD 2,560 million by 2020
Food Preservatives Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2014 - 2020
Transparency Market Research has published a new market report titled “Food Preservatives Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2014 - 2020.” According to the report, the global food preservatives market was valued at USD 2,000 million in 2013 and is estimated to reach USD 2,560 million by 2020, growing at a CAGR of 3.5% from 2014 to 2020. Among different regions, the RoW market is expected to grow at a CAGR of 4.0% over the forecast period. In terms of revenue, North America held the largest market size of USD 729.8 million in 2013 and is expected to reach USD 921.6 million by 2020.
Browse the full Food Preservatives Market Report at http://www.transparencymarketresearch.com/food-preservatives-market.html
Food preservatives are used as a food ingredient to prevent spoilage and decomposition which takes place due to different chemical reactions and microbial growth in food products. Preservation is done in two basic modes namely physical and chemical. Physical preservation includes drying and refrigeration. In case of chemical preservation, different chemical compounds are added to the food product as preservatives. Usage of food preservatives varies depending on different geographical locations. In different developing countries that do not have strong government regulations face higher level of preservatives in foods.
The major factors driving the growth of the food preservatives market are increasing demand for processed foods, increasing health concerns among consumers and increasing demand for organic food items globally. Among different regions including North America, Europe, Asia Pacific and RoW, North America held the largest market share in 2013 and is expected to remain as the market leader in 2020, followed by...