Food Preservatives Market To Reach USD 4.7 Billion By 2032, Says DataHorizzon Research [Yahoo! Finance]
BASF SE S/ADR (BASFY)
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Source: Yahoo! Finance
Fort Collins, Colorado, April 30, 2024 (GLOBE NEWSWIRE) -- Increasing preservatives to enhance food quality primarily fuels market growth. The consistent surge in demand for poultry products is primarily fueled by a shift in consumer preferences toward chicken over beef. This transition is driven by growing environmental concerns associated with beef manufacturing. According to the U.S. Department of Agriculture, poultry has remained the most consumed food over the past two years and is projected to become significant imported livestock in the coming decade. To meet the demand for poultry products, preservatives are commonly injected into poultry animals to enhance shelf life and ensure the meat remains suitable for consumption during exportation, increasing demand for preservatives Additionally, there is a noticeable upward trend in meat consumption, driven by its role as a primary source of protein and its perceived benefits for muscle building among fitness enthusiasts. Annu
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