Research Nester published a report titled “Fruit Preservatives Market – Global Demand Analysis and Opportunity Outlook 2030” which delivers detailed overview of the fruit preservatives market in terms of market segmentation by product type, treatment type, function type, end-users, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The market for fruit preservatives is anticipated to grow with a significant CAGR over the forecast period 2021-2030. The key factors driving the growth of the market are the growing consumption of ready to eat fruits globally along with the growing demand for preservatives from the food & beverage industry. Further, increasing consumer preference for freshly packed fruits and rising exports & imports of fruits are anticipated to foster the market growth.
Based on treatment type, the market is segmented into fungicides, coating, sanitizers, and others. Out of these, the coating segment is anticipated to hold the largest share by the end of 2030 as the coatings maintains the flavour & colour of the fruits, which further promotes their shelf life. Moreover, edible coatings are safe for fruits and prevent their unnecessary ripening.
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Based on the regional analysis, the market for fruit preservatives is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The rising desire of consumers for healthy fruits and introduction of new fruit preservatives by manufacturers to minimize its ill effects on human health are some of the factors that are propelling the growth of market in North America. Further, major exports of fruits in the region along with the growing focus on naturally occurring fruit preservatives are also anticipated to drive the growth of the market in the region. Alternatively, the market in the Asia Pacific is anticipated to witness growth by a significant CAGR throughout the forecast period on the account of increase in the working population and rising concerns for food safety. Moreover, presence of technically advanced preservation techniques in the region along with rising consumer shift from chemical based food additives are also anticipated to drive the market growth.
Numerous Beneficial Properties of Fruit Preservatives to Drive the Market Growth
The growing focus on natural fruit additives on the back of increasing consumer preference for no artificial additives is one of the major factors that is anticipated to drive the market growth. Fruit preservatives help to reduce the spoilage of fruits during transportation and storage. The growing awareness amongst fruit vendors for the numerous benefits associated with fruit preservatives, along with the changes in the eating habits of people and rising trend of vegetarianism are some of the additional factors anticipated to foster the market growth. The consumers are willing to pay for specialty dietary needs and are more inclined towards convenience products and clean label fruits. Moreover, growing awareness and knowledge related to food security is also anticipated to drive the demand for fruit preservatives over the forecast period.
However, stringent government regulations for some of the fruit preservatives along with their high cost coupled with health effects of synthetic fruit preservatives are expected to operate as key restraint into the growth of fruit preservatives market over the forecast period.
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This report also provides the existing competitive scenario of some of the key players of the fruit preservatives market which includes company profiling of Kemin Industries, Inc., Corbion N.V., Kerry Inc., Galactic SA/NV, DuPont de Nemours, Inc., Archer Daniels Midland Company (ADM), Apeel Sciences, DSM, Cargill, Incorporated, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the fruit preservatives market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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