Market Share of Food Preservatives Industry
The food preservatives market is highly fragmented and competitive, with the presence of many global players. The most active companies globally include Eastman Chemical Company, International Flavors & Fragrances Inc., Tate & Lyle PLC, Givuadan SA, and Corbion NV. To strengthen their market position, these players have focused on product innovations, expansions, and partnerships. These players have a strong position in the fast-growing natural preservatives and clean label categories, benefiting from greater usage of these preservatives in foods and beverages generally. The strategy of developing new products and partnerships with local players helps to increase the company's footprint in the foreign country and release new products according to the consumers' changing preferences.
Food Preservatives Market Leaders
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Eastman Chemical Company
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Tate & Lyle PLC
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Givuadan SA
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Corbion NV
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International Flavors & Fragrances Inc.
*Disclaimer: Major Players sorted in no particular order
