Chemical Research Report Preservatives-Market | страница 3

the globe regulate usage of preservatives. Despite its 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 and medicines. According to
the FDA, 'a chemical preservative should comply with purity specifications in regulations in 21
CFR 172, or in the Food Chemicals Codex'. Also, countries such as Finland, Norway, Austria,
U.K., and France have banned 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, inhibits growth of the preservatives industry to a certain extent.
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preservatives-market-264
Asia Pacific is expected to be the fastest growing market for preservatives over the forecast
period, owing to increasing demand for ready-to-consume food items and growing retail
industry. North America is the largest market for preservatives, followed by Europe. These
regions are expected to retain their dominance over the forecast period, attributing to the
availability of retail outlets, busy lifestyle of consumers resulting in an increasing inclination
towards ready-to-eat food products. Large untapped markets in countries such as India,
Bangladesh, South Africa, China, Malaysia, and Mexico are projected to provide lucrative
growth opportunities for the preservative manufacturers, in the near future.
Key players in the global preservatives market include Corbion N.V., Cargill Incorporated,
Kerry Group, BASF SE, Chr. Hansen A/S, Archer Daniels Midland Company, E. I. du Pont de
Nemours
and
Company,
and
Celanese
Corporation.
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