The food preservative market is estimated to reach $2.7 billion by 2018.
January 24/Dallas/PRNewswire -- According to the report "Food Preservative Market by Type (Natural, Chemical), Function (Antimicrobial, Antioxidant), Application (Oil & Fat, Bakery, Dairy, Snack, Meat, Poultry & Seafood, Confectionery, Beverage), & Geography -- Global Trend & Forecast to 2018," food preservatives is a growing market in the food additives sector. There is an increasing trend toward consumption of processed food products in developing countries, which further signifies the increasing use of food preservatives. A number of chemical and physical changes take place in a food product during storage, which deteriorates the freshness and product quality. Hence, the use of preservatives has increased in the market.
The food preservative market value forecast by type includes natural and chemical preservatives, projected based on significant regions such as North America, Europe, Asia-Pacific (APAC), and Rest of the World (ROW).