๐๐ซ๐๐๐ค๐ข๐ง๐ ๐๐จ๐ฐ๐ง ๐ญ๐ก๐ $๐๐.๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐ก๐๐ฆ๐ข๐๐๐ฅ ๐๐ซ๐๐ฌ๐๐ซ๐ฏ๐๐ญ๐ข๐ฏ๐๐ฌ ๐๐๐ฆ๐๐ง๐: ๐๐จ๐ฉ ๐ ๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐ข๐ง๐ ๐๐จ๐ฎ๐ง๐ญ๐ซ๐ข๐๐ฌ ๐ข๐ง ๐
๐จ๐๐ฎ๐ฌ
Industry revenue for Chemical Preservatives is expected to rise to $54.8 billion by 2030 from $39.3 billion of 2024. The revenue growth of industry players is estimated to average at 5.7% annually for period 2024 to 2030. Growing end-industries in major countries like U.S., China and Germany, is driving the market demand towards short-term peak; and with such a growth trajectory, Chemical Preservatives's from raw material sourcing to end user industry/application is expected to evolve & shift towards integration. Recent market developments indicate that leading market players are making the strategic market advancements in frontier markets including Vietnam, Turkey and Malaysia.
Industry Leadership and Strategies
Companies such BASF SE, DowDuPont Inc, Celanese Corporation, Archer Daniels Midland Company, Jungbunzlauer Suisse AG, Akzo Nobel N.V, Solvay SA, Kemin Industries Inc, Cargill Incorporated, Koninklijke DSM N.V, Univar Inc and Tate & Lyle PLC are well placed in this marketโs competition, which is intensely competitive at application scale.
Industry Transitions
The market for chemical preservatives is undergoing a change towards the adoption of natural preservatives due to increasing consumer knowledge and desire for organic and safe food items The rise in regulatory oversight on artificial preservatives is also playing a role, in this shift by prompting producers to seek out safer and more natural options.
The rapid progress in technology is changing the landscape of the chemical preservatives industry significantly. These days more and more companies are turning to preservation techniques like high pressure processing and pulsed light technology instead of relying heavily on conventional chemical preservatives. These modern methods not guarantee food safety but also cater to consumers worries about synthetic chemicals, in their food items.
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