Over the course of the period covered by this projection (2016–2024), expansion of the preservatives market is anticipated to be driven by factors such as an increase in the demand for processed foods brought on by people's increasingly hectic lifestyles and the rising participation of women in the labor sector. Additionally, the expanding retail sector in developing economies and the rising popularity of processed foods among younger generations are both contributing factors to the rise in the demand for processed foods, which in turn is anticipated to support the expansion of the market. The Preservatives market for processed food is expected to reach a value of 88.2 billion US dollars by the year 2024, according to a study that was carried out by Coherent Market Insights. When food is processed, preservatives are added to improve the quality, flavor, and shelf life of the finished product.
Top Companies in the Preservatives Industry:
1. Corbion N.V
Corbion N.V was founded in 1919 and its headquarter Amsterdam, Noord-Holland, the Netherlands.The company operates in 100 countries.
2. Memorial Sloan-Kettering Cancer Center
Memorial Sloan-Kettering Cancer Center founded in 1865, and it’s located in Conover, Iowa, United States.The Company operates in 70 Countries.In 2020 Cargill Incorporated News Provided By Share This Article Global Preservatives Market Preservatives are of two kinds
3. Kerry Group,.
Kerry Group,headquarters was launch in 1972 and it’s headquarter located in Listowel, Ireland.it operate over 50 country and In2022Kerry completes acquisition of science-backed branded botanical extract company Natreon.
4 Chr. Hansen A/S
Chr. Hansen A/S was launch in 1874 and it’s headquarter Hoersholm, Denmark..it operate over 30 country. In 2021 announced 2020 — 2025 Strategy founded in strong purpose: “Grow a better world. Naturally” Exciting growth and innovation opportunities across food
5 Archer Daniels Midland Company
Archer Daniels Midland Company is founded in 1902, with its headquarters in Chicago, Illinois. With businesses in over 200 countries. In 2021 n 2020, Archer Daniels Midland Company launched its new plant-based clean-label food colors. The company also announced expanding its globa Preservatives Market
6. Intel Corporation
Intel Corporation Was launch in 1968. and its headquarter Santa Clara, California, United States. it operate over 46 country. In2021 It will launch in 2022's third quarter. New 12th Gen Intel Core HX processors for hybrid work.
7. E. I. du Pont de Nemours
E. I. du Pont de Nemours was launch in 2017 and it’s headquarter located Wilmington, Delaware, USA.it operate over 90 country. In 2023 Kyndryl and Nokia will launch a partner innovation lab in Raleigh, North Carolina, to bring advanced wireless connectivity and edge computing
Definition- Preservatives are substances or chemicals that are added to medicines, food, beverages, paints, cosmetics, and wood in order to stop microbial development and undesired changes in both the physical and chemical aspects of the products.
