GLOBAL PRESERVATIVES MARKET ANALYSIS

Market Challenges And Opportunities

Preservatives Market Challenges – Stringent Government Rules and Regulations

Stringent regulatory scenario regarding the use of preservatives considering their negative health impact is expected to hinder growth of the global preservatives market. Various authorities across the globe regulate usage of preservatives. Despite their usage in various end-use industries such as food and pharmaceutical drugs, preservatives are associated with a number of health issues such as cancer, hyperactivity, and heart issues. The U.S. Food & Drug Administration (FDA) implemented certain guidelines for usage of preservatives in food products and medicines. According to the U.S. FDA, 'a chemical preservative should comply with purity specifications in regulations in 21 CFR 172, or in the Food Chemicals Codex'. Moreover, countries such as Finland, Norway, Austria, the U.K., and France have banned use of synthetic food colorings, while the U.K. and Canada have banned usage of Olestra (a fat substitute preservative). Such regulations imposed on the usage of preservatives is expected to inhibit growth of the preservatives market to a certain extent.