India Food Preservatives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

India Food Preservatives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

India Food Preservatives Market is projected to witness a CAGR of 3.86% in the forecast period (2020-2025).

Key Highlights

• The preservatives market is largely driven by demand for convenience and packaged foods by the burgeoning population and rising urbanization rates.
• The increased awareness on the ill effects of synthetic ingredients and growing consumer demand for fresh and natural foods.
• Additionally, In harmony with the global food standards of Codex Alimentarius Commission and WHO, the Food Safety and Standards Authority of India (FSSAI) has laid down several regulations for the use of preservatives.

Key Market TrendsGrowing Demand for Processed Food

Rising population and more noteworthy levels of urbanization, in India, have helped the interest for handled nourishment items along these lines, thus, driving the interest for sustenance fixings. Due to industrialization, a number of US firms established their subsidiaries, thus, increasing the global processed food consumption in developed markets. Asia-Pacific and other developing markets with changing lifestyles are driving the food processing industry. India and China are among the largest food processing countries in the world and their rising population is driving the need for food security, which is a major factor for processed & packaged food, and in turn, for the food preservatives players.

Growing Demand for Organic Food

A growing number of consumers are increasingly becoming aware of artificial preservatives, and are avoiding age-old additives, like BHA and BHT, sorbates, benzoates, and other preservatives. The rising ageing population and calorie-conscious consumers are looking for healthy alternatives in the form of ‘organic food, thus, driving innovations. R&D is being undertaken, with new formulations coming up in categories, like preservatives, flavour enhancers, natural colour additives, and protein-based fat replacers, which enhance the organic food quality.

Competitive Landscape

The strategies used by companies is the increase in Research and Development expenditure to innovate products under the natural preservatives segment to meet the growing consumer preference. Some of the major key players in the India food preservatives market are Cargill Inc, Kerry Group, Corbion Purac, Royal DSM, Jungbunzlauer Ag among others.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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