Australia Food Preservatives Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.78 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Australia Food Preservatives Market Analysis
Australia Food Preservatives Market is projected to reach a CAGR of 3.78% during the forecast period (2020 - 2025).
- Food additives are used to enhance the taste, texture, color while maintaining the nutritional content in foods. Food preservatives are a growing segment in the food additives market as they are used to prevent spoilage and decomposition which takes place in food products due to microbial reactions.
- The preservatives market in Australia is largely driven by demand for convenience and packaged foods by the burgeoning population and rising urbanization rates.
Australia Food Preservatives Market Trends
This section covers the major market trends shaping the Australia Food Preservatives Market according to our research experts:
Rising Demand for Functional Beverages
The booming beverage industry is majorly uplifting the consumption of ingredients including preservatives which is most likely to foster the market growth in Australia. The properties of drinks such as high water activity demand the irreplaceable use of preservatives in the beverage industry is to avoid the change in taste, the color, and bitter aftertaste. Moreover, with the rise in demand for functional beverages, the market for natural preservatives is gaining momentum. Manufacturers are embracing innovation for gaining a position in the market by incorporating the organically sourced preservatives in the product formulation. Key players such as Cargill, Incorporated offers a range of natural preservatives to cater to the growing demand for healthy drinks.
Increasing Demand for Clean-Label Products
Consumers demand clean labels on products to know what exactly they consume and at what levels. Their interest in identifying the ingredients present in products has triggered the clean label product market. Consumers, in the region, are highly concerned about the long-term effects of synthetic preservatives on health, and thus prefer natural preservatives in their foods. Asia-Pacific has the fastest growth rate for clean label products. According to the research conducted by the ingredient company Ingredion, Asia-Pacific registered the strongest demand for clean label products, as compared to any other region.
Australia Food Preservatives Industry Overview
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 players in Australia food preservative market are Cargill Inc, Koninklijke DSM N.V., DuPont, Jungbunzlauer Suisse AG, Basel, Archer Daniel Midland, Brenntag Inc. among others.
Australia Food Preservatives Market Leaders
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Cargill Inc
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Koninklijke DSM N.V.
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Jungbunzlauer Suisse AG, Basel
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Brenntag Inc.
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Archer Daniel Midland
*Disclaimer: Major Players sorted in no particular order
Australia Food Preservatives Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type
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5.1.1 Natural
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5.1.2 Synthetic
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5.2 By Application
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5.2.1 Bakery
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5.2.2 Beverage
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5.2.3 Dairy & Frozen Product
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5.2.4 Meat, Poultry & Seafood
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5.2.5 Confectionery
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5.2.6 Sauces and Salad Mixes
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5.2.7 Others
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Position Analysis
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6.3 Company Profiles
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6.3.1 Cargill Inc
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6.3.2 Koninklijke DSM N.V.
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6.3.3 DuPont
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6.3.4 Corbion N.V.
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6.3.5 BASF SE
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6.3.6 Jungbunzlauer Suisse AG, Basel
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6.3.7 Brenntag Inc.
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6.3.8 Archer Daniel Midland
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Australia Food Preservatives Industry Segmentation
Australia Food Preservatives Market is segmented by type and application. On the basis of type, the market is segmented into natural and synthetic. On the basis of application, the market is segmented into beverage, dairy & frozen product, bakery, meat, poultry & seafood, confectionery, sauces & salad mixes, and others.
| By Type | |
| Natural | |
| Synthetic |
| By Application | |
| Bakery | |
| Beverage | |
| Dairy & Frozen Product | |
| Meat, Poultry & Seafood | |
| Confectionery | |
| Sauces and Salad Mixes | |
| Others |
Australia Food Preservatives Market Research FAQs
What is the current Australia Food Preservatives Market size?
The Australia Food Preservatives Market is projected to register a CAGR of 3.78% during the forecast period (2024-2029)
Who are the key players in Australia Food Preservatives Market?
Cargill Inc, Koninklijke DSM N.V., Jungbunzlauer Suisse AG, Basel, Brenntag Inc. and Archer Daniel Midland are the major companies operating in the Australia Food Preservatives Market.
What years does this Australia Food Preservatives Market cover?
The report covers the Australia Food Preservatives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Australia Food Preservatives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Australia Food Preservatives Industry Report
Statistics for the 2024 Australia Food Preservatives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Australia Food Preservatives analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
