North America Food Preservatives Market By Type (Natural Food Preservatives - Edible Oil, Rosemary Extracts, Natamycin, Vinegar; Synthetic Food Preservatives - Sorbates, Propionates, Benzoates), Function (Anti-Microbial, Anti-Oxidant), Application (Meat & Poultry, Bakery, Dairy Products, Beverages, Snacks)
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Market Report Description
The North America Food Preservatives Market would witness market growth of 3.6% CAGR during the forecast period (2017-2023). Consumers in U.S. and Canada have well appreciated the processed edibles and ready-to-eat products, as these products have a longer shelf life and are readily available. Demand for food preservatives in meat and poultry products in U.S. would contribute to the market expansion. Manufactures such as Corbion N.V. use vinegar and jasmine extract as an anti-oxidant, with citrus powder, to control moisture migration in edibles. The U.S. market was dominated by chemical preservatives such as benzoates, nitrites, and propionates. Manufacturers in the United States are however shifting focus from synthetic to natural preservatives due to growing health conscious population.
Based on Component Type, the market report segments the market into Natural and Synthetic. Natural Type includes Edible Oil, Rosemary Extracts, Natamycin, Vinegar, and Others. Synthetic Type includes Sorbates, Propionates, Benzoates, and Others. Based on Function, the market report segments the market into Anti-Microbial, Anti-Oxidant, and Others. Based on Application, the market report segments the market into Meat & Poultry Products, Bakery Products, Dairy Products, Beverages, Snacks, and Others. Based on Countries, the Food Preservatives Market segments the market into US, Mexico, Canada, and Rest of North America. The market research report covers the competition analysis of key stake holders of the North America Food Preservatives Market.
Key companies profiled in the report include Archer Daniels Midland Company, Akzo Nobel N.V., Kemin Industries, Inc., Cargill, Inc., Celanese Corporation, Univar, Inc., Koninklijke DSM N.V., Kerry Group, Tate & Lyle Plc., and BASF SE.