GLOBAL PRESERVATIVES MARKET ANALYSIS
Preservatives Market Outlook – Growing Demand for Processed Food Is Fueling the Market Growth
Increasing demand for processed food due to busy lifestyle and increasing number of women in the workforce is projected to drive growth of the preservatives market over the forecast period (2016–2024). In addition, growing retail industry in emerging economies and popularity of processed food among the younger generation is also boosting demand for processed food, which in turn is projected to drive the market growth. According to a study conducted by Coherent Market Insights, the market for processed food is projected to reach US$ 88.2 billion by 2024. Preservatives are used in processed food to enhance its overall quality, taste, and shelf life.
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