DUBLIN, June 12, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/l9r8c6/north_america) has announced the addition of the "North America Food Preservatives Market-Growth, Trends And Forecast (2015-2020)" report to their offering.
North America recorded largest market size of USD 730 million in 2013 and is expected to reach USD 920 million by 2020.
Preservatives are a key part of most food products today, due to the time it takes for the product to reach from factory to consumer homes, thus traveling through a long chain of distributing agents and stockists. This drives the demand for food preservatives market to provide an increased shelf life for products. North America held the largest market share in 2013 and is expected to remain as the market leader in 2020.
High demand for packaged and processed foods is driving the market of preservatives in North America. For major fruit producers North America has an export share of 32%, thereby increasing the demand for preservatives. However, there is growing consumer preference for natural preservatives due to the risks associated with chemical preservatives. Another restrain comes in the form of complex US regulatory process, which makes it difficult for producers to register new innovative preservatives in the market.
The market is segmented as natural and chemical preservatives, with the natural preservatives seeing a growing trend due to antioxidants and microbial preservatives. The regions of US, Canada and Mexico are covered in the North American market.
The major players in the market are Brenntag, PuracBiochem, Cargill and Kerry group. The strategies used by companies are the increase in Research and Development expenditure to innovate products under the natural preservatives segment to meet the growing consumer preference.
Key Topics Covered:
2. Key Findings
3. Market Overview & Dynamics
5. Market Segmentation by Type
6. Competitive Landscape Overview
7. Company Profiles
- Cargill Inc
- Kerry Group
- Corbion Purac
- Royal DSM
- Jungbunzlauer Ag
- Brenntag Inc.
- Celanese Corp
- Chr Hansen
- Archer Daniel Midland
- BASF SE
- Akzo Nobel
- Albemarle Corporation
For more information visit http://www.researchandmarkets.com/research/l9r8c6/north_america
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SOURCE Research and Markets