Preservatives Set to Grow
The food preservative market is estimated to reach $2.7 billion by 2018.
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).
In 2012, North America dominated the food preservative market, followed by Asia-Pacific. Increasing demand for natural foods and safety concerns with respect to processed products drives the market. The food preservative market is estimated to reach $2.7 billion by 2018.
The increase in population has a tremendous impact on the global food supply. The question of food safety and quality has received widespread attention. Different governments and private industries have come a long way in achieving high standards for pure and unadulterated food containing preservatives. The consumer demands placed on technology have resulted in the development of different preservatives that afford us abundant, appetizing, and economical foods.
In this report, the food preservative market is divided into four geographical segments -- North America, Europe, Asia-Pacific, and ROW. The North American region constitutes the largest market, followed by Asia-Pacific, with the U.S. dominating the North American food preservative market. Asia-Pacific is projected to witness the fastest growth in the market.