Oct 17, 2017   SOURCE: BusinessWire

Food Preservatives Market – New Procurement Research Report Now Available From SpendEdge

Global procurement market intelligence advisory firm, SpendEdge, has announced the release of their ‘Food Preservatives Procurement Research Report.' The insights and data in this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix for the agro commodities and raw materials industry. This report breaks down the data and analysis behind the procurement of food preservatives and acts as an all-inclusive guide for making smart purchasing decisions.

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Global Food Preservatives Procurement Market Intelligence Report (Graphic: Business Wire)

Global Food Preservatives Procurement Market Intelligence Report (Graphic: Business Wire)

“The global food preservatives market is competitive, as global suppliers are planning to make artificial and natural preservative portfolio,” says SpendEdge procurement research analyst A Kowshik. “Primarily serving the food and beverage manufacturing businesses, food preservatives need to be multifunctional so that they can become compatible across different food and beverage applications,” added Kowshik.

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Key Report Features

Supply Market Insights           Negotiation Strategies
Procurement Best Practices           Category Risk Analysis
Cost Saving Opportunities           Key Supplier Analysis
Pricing Models           Supplier Capability Matrix

Report Insights

  • The transition in demand for natural food preservatives (acetic acid, industrial alcohol, rosemary extracts, tocopherols, spices, and herbs) has been met with an increase in their availability, especially in developed countries. The demand for these products is increasing in newer markets due to a change in the lifestyle, owing to a rise in disposable income and changes in food consumption patterns.
  • Procurement managers must engage with suppliers that meet the requirements and are certified by a recognized food safety certification body. A few of these include SQF, BRC, IFS, and FSSC 22000. Accreditations to these certification bodies act as evidence that states food preservative suppliers can deliver safe products to end-consumers and follow best-practices throughout the supply chain.
  • One of the key challenges faced by procurement managers is the delay in time to market due to waiting for regulatory approvals for using food preservatives. This results in a significant lag in the market launch of the product, which if not planned effectively, leads to a loss of potential revenue from the sale of the product.

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Food Preservatives Pricing Trends

The volume-based pricing is the most adopted pricing model in the global food preservatives market. It protects procurement managers against the vibrant behavior of market prices of raw materials as the price can be fixed over the engagement of the contract. Furthermore, the procurement manager can reserve production capacities with the supplier to ensure the availability of the product during demand-supply fluctuations.

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