Food Preservatives Market Worth $3.2 Billion By 2025

The global food preservatives market size is expected to reach USD 3.2 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 3.7% over the forecast period. The fast-paced working lifestyle of consumers in North America and Asia Pacific has been instrumental in driving the demand for ready-to-eat products. Consequently, the use of food preservatives is expected to grow owing to benefits provided by them, such as prevention of food spoilage and increase in shelf life.

Food preservation is a traditional method used to store and keep food safe for longer periods. Over the time, the method has evolved from the usage of culinary salt, sugar, to chemical types. Globalization has led to increased demand for the synthetic types. The usage of preservatives in various applications sectors including processed meat, bakery, and dairy is expected to foresee substantial growth in terms of revenue over the forecast period.

Food preservatives are categorized into two types, namely, natural and synthetic. Rosemary extracts, vinegar, and natamycin are natural types, whereas propionates, benzoates, and sorbates are included in synthetic type, which are the most preferred ones. Factors such as adverse effects associated with synthetic food preservatives coupled with increasing health consciousness among consumers, are anticipated to drive the demand for natural variants.

On the basis of function, anti-microbial preservatives emerged as the largest segment in terms of revenue, owing to surging demand for anti-microbial agents in processed meat and beverage industries. North America emerged as the largest regional market in terms of revenue, followed by Asia Pacific.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/food-preservatives-market

Further key findings from the study suggest:

Asia Pacific is expected to witness the fastest growth in terms of value, and is projected to expand at a CAGR of 4.9% from 2019 to 2025. It is primarily driven by factors such as increasing population, consumer willingness to pay premium prices for organic products, and preferences for ready-to-eat foods due to convenience
Asia Pacific is the most attractive destination for manufacturers owing to significant growth in application areas, such as bakery, beverages, confectionery, processed meat, poultry, and seafood
North America emerged as the largest regional market in terms of revenue in 2018 and is estimated to reach a market size of USD 1.0 billion by 2025
Some of the key players operating in North America are Bavaria Corporation International; Biosecur Lab, Inc.; Prinova Group, LLC; Kalsec, Inc.; and DowDupont, Inc.; providing both natural as well as chemical preservatives
The U.S. food preservatives market, in terms of revenue, was valued at USD 375.2 million in 2018. It is characterized by a shift among manufacturers from synthetic to natural and organic preservatives
Some of the major strategies adopted by the major players in the industry are product innovation, most notably in the natural preservatives industry space, and capacity expansion through mergers and collaborations

Aseptic Packaging Market To Reach $85.47 Billion By 2024

The global aseptic packaging market is expected to reach USD 85.47 billion by 2024, according to a new report by Grand View Research, Inc. Aseptic packaging allows the end –users to meet the consumer demand for sterile and safe food and pharmaceutical products. The technology offers extended shelf stability at ambient temperature, which eliminates the need for refrigeration. As a result, aseptic packaging is expected to witness high demand from the foodservice entities and retailers.

The aseptic packaging manufacturers supply their product either in the form of rolls or blanks. The roll-fed filling technique dominates the market and has been adopted by the major manufacturers such as Tetra Pack. Whereas, companies such as Elopak and SIG have adopted the blank filled systems. These two technologies are not interchangeable since the process and equipment associated with these two methods are different. As a result, buyers are unable to switch from one process to other. High capital investment is likely to be a key restraining factor for the industry.

Investment, Divestment, capacity expansion and new product development are the key strategies adopted by the major players in order to strengthen their position in the market. The industry players are likely to invest more on R&D and innovation owing to continuously changing demand from end-users in terms of product quality, performance, and appearance. The major manufacturers are likely to adopt acquisition strategies in order to meet the rising consumer demand and cope with the new technologies.

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http://www.grandviewresearch.com/industry-analysis/aseptic-packaging-market

Further key findings from the report suggest:

The food was the key application segment for the industry and is expected to grow at a CAGR of over 11% over the next eight years. The process is carried out at lower temperatures. Thus the texture, appearance, flavor and nutritional value of the products remains unaffected. In addition, light weight and recyclability offered by aseptic packaging are expected to have a positive impact on the industry growth over the forecast period.
Prefilled syringes demand in the industry was valued over 4.5 billion in 2015 and is expected to grow at a CAGR of over 11% from 2016 to 2024. Advances in biotechnology and rising demand for biologics is anticipated to drive demand over the eight years. The technology offers safety against drug degradation and contaminants. Furthermore, it eliminates the need for refrigeration and thus lowering the cost associated with the maintenance of the product.
Asia Pacific is expected to be the fastest growing market owing to rapid growth of food and beverage packaging sector in the region. China was the largest market for aseptic packaging in Asia Pacific and accounted for over 50% of the regional demand in 2015. Increasing consumer disposable income and changing dietary habits in countries such as India, China, Japan, and Korea are expected to raise demand for packaged ready-to-eat meals, frozen meat, and juices, which is anticipated to have a positive impact on the industry growth over the projected period.
The key players in the industry are The key players in the market include Robert Bosch GmbH, Tetra Pak International S.A., Greatview Aseptic Packaging Co., Ltd., Schott AG, SIG Combiboc Obeikan, Reynolds Group Holdings Limited, and Agropur Inc.

Food Colors Market Size Worth $2.97 Billion By 2025

The global food colors market size is expected to reach USD 2.97 billion by 2025, according to a new report by Grand View Research, Inc. Growing demand for colored food products owing to their aesthetic appeal and increasing use in end user industries is expected to drive the demand for food colors over the forecast period.

Growing demand for the product across various industries such as beverages, bakery & confectionary, and dairy products is likely to have a positive impact on the utilization of food colors in the foreseeable future. The demand for food colors for the production of canned products is also estimated to drive the industry growth.

Growing consumer demand for low-fat food is another factors which is expected to supplement the market growth in near future The rising adoption of processed food by consumers across the globe is estimated to translate into the growth in demand of the product. In addition, rising demand for alcoholic and non-alcoholic beverages is likely to drive the market growth over the forecast period.

Rising disposable incomes and changing lifestyles due to rapid urbanization are likely to have a positive influence on the market over the forecast period. Ongoing product innovation, consumer preference for high-quality products, and solidification of government regulations is likely to propel the growth in the next few years.

The absence of any notable substitute to the product results in negligible threat of product substitution. However, the industry is expected to witness internal substitution with natural food colors being increasing used as a substitute for synthetic food colors. The market is expected to witness a degree of uncertainty due to high degree of volatility observed in the prices of raw material.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/food-colorants-market

Further key findings from the report suggest:

Natural food colors are expected to reach USD 2.50 billion by 2025, owing to growing awareness among consumers regarding the health benefits associated with the product.
CSDs and non-alcoholic beverages is estimated to be the fastest growing application with a growth rate of 6.4% over the forecast period, on the account of rising demand for juices, soft drinks, and carbonated soft drinks in emerging economies.
The demand for the product in Asia Pacific is expected to reach a value of USD 868.0 million by 2025 in the wake of growing food and beverage industry in the region.
The companies have adopted different approach to compete with each other. For example, Allied Bioitech Corporation have adopted a mono-product approach. It is global supplier for carotenoids and manufactures & distributes only on product.