(Entertainment-NewsWire.com, August 31, 2017 ) The Middle-East and Africa Food Preservatives market has been estimated at USD 0.22 Billion in 2016 and is projected to reach USD 0.25 Billion by 2021, at a CAGR of 2.85% during the forecast period from 2016 to 2021.
Food preservatives protect food against bacteria, moulds and yeast. Some of the preservatives enhance the taste, while some do not alter the taste. They ensure food safety by preventing the food from bacterial attack. The market for food preservatives Industry is slowly increasing with change in lifestyle and westernization due to which there is a rise in consumption of processed foods. Also, with increasing consumer awareness about the benefits of food preservatives, the market is increasing. But, the market growth may be constrained due to stringent government regulation over product pricing.
Middle-East and Africa market for food preservatives are segmented into Type, Function and Application. Each of these segments are further sub segmented as follows Type: Natural and Synthetic; Function: Antimicrobials, Antioxidants, Chelating and enzyme inhibitors; Application: Beverages, Oils & fats, Bakery, Dairy & frozen products, Snacks, Meat, poultry, & seafood products, Confectionery, Other applications. Benzoic acid and Sodium benzoate are the most preferred preservatives, followed by sorbates. Sea food products, processed meat and poultry consume the major share of Middle-East and Africa food preservatives market. Beverage industry is the major consumer for preservatives, followed by meat industry.
Geographically, Middle-East and Africa market for food preservatives is segmented into Middle-East region and Africa region. The market of Middle-East and Africa is yet to grow due to less awareness about processed food and food preservatives. Though, global companies are trying hard to spread awareness among the people in these regions, and are expanding their consumer base in the untapped markets.
Major companies are partnering with diverse set of suppliers to boost their markets. BASF SE, Cargill Incorporated, Celanese Corporation are the major players in the Middle-East and Africa market. Other important companies include Chr. Hansen A/S, Kerry Group, Koninklijke DSM N.V, The Archer Daniels Midland Company, Corbion N.V., DuPont and JEY’S F.I. Inc.
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