NEW YORK, Nov. 17, 2021 /PRNewswire/ -- The preservatives market size is expected to increase by USD 937.33 million from 2020 to 2025, registering a CAGR of 3.32%, according to the latest research report from Technavio. This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. The preservatives market is segmented by end-user (food and beverages, pharmaceuticals, feed, personal care products, and others) and geography (North America, Europe, APAC, MEA, and South America).
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The preservatives market report offers a comprehensive analysis of the strategies adopted by vendors and the trends, drivers, and challenges affecting the market size. The increasing demand for novel solutions to optimize food supply chains is expected to have a positive impact on the growth of the preservatives market during the forecast period.
The preservatives market covers the following areas:
Preservatives Market Sizing
Preservatives Market Forecast
Preservatives Market Analysis
Regional Analysis
Technavio offers an up-to-date analysis of the geographical composition of the market as well as competitive intelligence and regional opportunities for vendors. According to our research, North America will account for 34% of the growth of the market during the forecast period. Canada and the US are the key countries for the preservatives market in North America. The region has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The growing demand for personal care products is one of the factors that will drive the preservatives market growth in North America.
Companies Mentioned
- Archer Daniels Midland Co.
- BASF SE
- Cargill Inc.
- Foodchem International Corp.
- Galactic SA
- ITA 3 s.r.l.
- Kemin Industries Inc.
- Kerry Group Plc
- Koninklijke DSM NV
- Lallemand Inc.
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Preservatives Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2020 |
Forecast period | 2021-2025 |
Growth momentum & CAGR | Accelerate at a CAGR of 3.32% |
Market growth 2021-2025 | USD 937.33 million |
Market structure | Fragmented |
YoY growth (%) | 2.30 |
Regional analysis | North America, Europe, APAC, MEA, and South America |
Performing market contribution | North America at 34% |
Key consumer countries | Canada, Germany, China, US, and UK |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | Archer Daniels Midland Co., BASF SE, Cargill Inc., Foodchem International Corp., Galactic SA, ITA 3 s.r.l., Kemin Industries Inc., Kerry Group Plc, Koninklijke DSM NV, and Lallemand Inc. |
Market Dynamics | Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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