The Europe Food Preservatives Market would witness market growth of 4.7% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 49,270.1 Kilo Tonnes, showcasing a growth of 4.0% (2019-2022).
Meat products are prone to oxidative reactions that can lead to rancidity, color changes, and off-flavors. Preservatives, including antioxidants, play a vital role in controlling oxidation, preserving the color and flavor of meats, and ensuring that they remain palatable throughout their shelf life. The high protein content of meat makes it susceptible to microbial growth, which can result in spoilage and pose health risks. Preservatives such as nitrates and nitrites are commonly used to inhibit bacterial growth and enhance the safety of processed meats.
Additionally, the surge in demand for convenience foods aligns seamlessly with applying preservatives. As consumers seek quick and accessible meal solutions amid busy lifestyles, preserving flavor, texture, and nutritional value becomes paramount. Preservatives enable the creation of an extensive array of ready-to-eat products, from microwaveable dinners to pre-packaged snacks, offering consumers the convenience they crave without compromising safety and taste.
Europe has witnessed a steady increase in meat and poultry consumption. The demand for meat products, including beef, pork, poultry, and processed meats, has increased due to population growth, urbanization, and changing dietary preferences. Preservatives contribute to these efforts by preventing spoilage and maintaining freshness. As per the Government of the United Kingdom, the total value of meat in 2021 increased by 5.9% to £9.1bn. The value of beef and veal production increased by 10% to £3.3bn in 2021, following an increase of 8.3% in 2020. Therefore, rising meat and poultry production in Europe will boost the demand for these in the region.
The Germany market dominated the Europe Food Preservatives Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $256.9 million by 2030. The UK market is exhibiting a CAGR of 3.8% during (2023 - 2030). Additionally, The France market would experience a CAGR of 5.5% during (2023 - 2030).
Based on Function, the market is segmented into Anti-microbial, Anti-oxidant, and Others. Based on Type, the market is segmented into Natural (Edible Oil, Rosemary Extracts, Natamycin, Vinegar, Others), and Synthetic (Sorbates, Benzoates, Propionates, Others). Based on Application, the market is segmented into Meat & Poultry Product, Bakery Products, Dairy Product, Beverages, Snacks, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Food Preservatives Market will Hit $4.1 Billion by 2030, at a CAGR of 5.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Archer Daniels Midland Company, Cargill, Incorporated, Kerry Group, Plc., Akzo Nobel N.V., Kemin Industries, Inc., Univar Solutions, Inc., Koninklijke DSM N.V., Tate & Lyle Plc., BASF SE, Celanese Corporation.
By Function (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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