Food preservatives are substances added or sprayed in food to restrict growth of fungi, bacteria, and other harmful microorganisms. Food preservatives are broadly classified as natural and synthetic. Natural food preservatives is dominating the market, according to stats provided by Coherent Market Insights in 2016. Growing population and increasing prevalence of foodborne diseases is expected to boost growth of the market, as preservatives are used in food to increase shelf life and maintain optimal quality of food. Food and beverages are stored after addition of food preservatives to reduce the possibilities of bacterial infection.

The global food preservatives market size was valued at US$ 2.23 billion in 2016 and is expected to expand at a CAGR of 3.30% from 2017 – 2025.

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Detailed Segmentation:

Global Food Preservatives Market, By Source:

Natural

Synthetic

Global Food Preservatives Market, By Functionality:

Anti-Oxidants

Anti-Microbial

Global Food Preservatives Market, By Application:

Dairy Products

Meat, Poultry and Sea Food

Bakery

Beverages

Confectionery

Major Keyplayers: Univar Inc., Hawkins Watts Limited, Cargill Inc., DSM N.V., Galactic, Danisco A/S, Tate & Lyle PLC, and Brenntag AG, Kemin Industries Inc., and AkzoNobel N.V.

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