Food preservative market to reach $2.7 billion

As food demand increases, so does the need for food preservatives in developed and developing markets. The new report from Research and Markets analyses the market for natural and chemical food preservatives according to types, functions, applications, and geography. It expects global market to reach 2.7 billion by 2018.  The Asia Pacific market is expected to grow at a CAGR of 2.6 % from 2013 to 2018.

The healthy lifestyle also impacts the market. Whilst natural preservatives currently comprise the smallest share of the food preservative market, the report finds demand for natural safe preservatives on the rise. Food processing industries are increasing their use of these ingredients as a result of demand for food products that contain lesser chemicals and artificial ingredients.  Also, consumer perception regarding the benefits of natural additives has generated interest amongst the researchers, about their development and use in processed foods.

Access the report, "Worldwide Food Preservative (Natural, Chemical) Market Opportunities & Forecasts, 2018: Antimicrobial & Antioxidant". (Businesswire)