Food Preservatives Market Continues to Expand as Major Market Player Kerry Inc. Acquires IsoAge Technologies and Biosecur Lab Inc. to boost clean-label food portfolio

Food preservatives is a term that is used to describe any substance that is added to food, to prevent spoilage, prolong shelf life, improve taste, or for any other purpose. Preservatives can be applied directly to food or to the packaging material. Food preservatives are commonly known as additives to food additives. Food preservatives can be either natural or synthetic and there are also those that are natural preservatives with no known side effects, while there are those that have very few or no side effects. Food preservatives include food preservation methods that slow down the oxidation of fats and inhibit the growth of bacteria, fungi, yeasts, and other organisms that cause decay. It also helps preserve vitamins and minerals and other nutrients, like protein, that are naturally present in the food.Rising demand for convenience foods is expected to drive growth of the global food preservatives market during the forecast period. Convenience food refers to processed food that is commercially prepared to optimize the ease of consumption. 

foods offer numerous advantages including cost-efficiency, fast preparation, easier to transport, etc. Furthermore, working individuals often prefer convenience foods due to its easy accessibility and efficiency to consume. Preservatives are typically used in convenience food to prevent spoilage of the food as well as oxidation. Moreover, Preservatives help in maintaining the freshness, appearance, and consistency of the food. Thus, these factors are expected to drive growth of the global food preservatives market during the forecast period. Furthermore, rising use of natural preservatives on meat and poultry is expected to boost the global food preservatives market growth over the forecast period.However, rising demand for organic food products combined with increasing demand for natural food products is expected to hamper the global food preservatives market growth over the forecast period. Moreover, health hazards related to artificial preservatives are expected to hinder the global food preservatives market growth in the near future. Among regions, North America is expected to witness significant growth in the global food preservatives market during the forecast period. 

This is owing to increasing demand for processed food across the region. However, increasing health awareness is expected to restrict regional market growth. Asia Pacific is expected to register a robust growth rate over the forecast period, owing to rising working population in the region. 

Key players operating in the global food preservatives market are Cargill, Inc., BASF SE, Kerry Inc., Albemarle Corporation, Koninklijke DSM N.V., Corbion N.V., DuPont, and Jungbunzlauer Suisse AG, Basel.

For instance, in May 2020, Kerry Inc., an Ireland-based food company, acquired IsoAge Technologies and Biosecur Lab Inc., in order to expand its clean-label food portfolio.


 

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