Market Research Report

Global Natural Food Preservatives Market Research Report: Forecast (2023-2028)

By Type, (Salt, Sugar, Oil, Honey, Citric Acid, Vinegar, Others), By Function (Antimicrobial, Antioxidants, Others), By Application (Sea Food, Meat & Poultry, Bakery, Dairy, Snacks..., Beverages, Fruits & Vegetables, Others), By Region (North America, South America, Europe, Asia Pacific, Middle East & Africa), By Company (Cargill, Inc., DuPont de Nemours, Kemin Industries, Hawkins Watts Limited, Galactic S.A, Merck KGaA, BASF SE, Kerry Group Plc, Koninklijke DSM N.V., Archer Daniels Midland Company, Tate & Lyle Plc. , Corbion NV, Galactic SA, Biosecur Lab, ITA 3, Others) Read more

  • Food & Beverages
  • Jul 2023
  • 189
  • PDF, Excel, PPT

Market Definition

The preservatives that are derived or extracted from natural sources & aid in enhancing the shelf life of the food items by inhibiting microbial growth, oxidation, and enzymatic reactions. They are used as alternatives to synthetic or chemical preservatives or additives and also getting widely embraced by consumers or food manufacturers owing to their natural content.

Market Insights & Analysis: Global Natural Food Preservatives Market (2023-28):

The Global Natural Food Preservatives Market is estimated to grow at a CAGR of about 4.7% during the forecast period, i.e., 2023-28. The preference for food & beverage among consumers is changing with the passing of time & in effect to their changing lifestyle, which is pushing the market for natural food preservatives. The usage & inclusion of preservatives has been in the hype across the food & beverage industry for many years.

There are several natural additives present in the market, such as sugar, salt, vinegar, oil, and many more that are commonly used for every food & drink. These additives help in keeping the food safe & healthy for a longer period & also prevent the development of germs & fungus. Therefore, the surge in convenience products has boosted the requirement for meals with extended shelf life, which can be achieved by including natural additives rather than synthetic ones, further encouraging the demand for natural food preservatives.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 4.7%
Regions Covered North America: US, Canada, Mexico
Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
South America: Brazil, Argentina, Rest of South America
Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA
Key Companies Profiled Cargill, Inc., DuPont de Nemours, Kemin Industries, Hawkins Watts Limited, Galactic S.A, Merck KGaA, BASF SE, Kerry Group Plc, Koninklijke DSM N.V., Archer Daniels Midland Company, Tate & Lyle Plc. , Corbion NV, Galactic SA, Biosecur Lab, ITA 3, Others
Unit Denominations USD Million/Billion

 

Moreover, the market is envisioned to augment due to the advancing need for quick processed foods, particularly in emerging & developed economies such as India, China, ASEAN, the US, The UK, the UAE, etc., owing to the high rates of population, employment, and disposable income growth. With the soaring population & employment, the need for food that is diverse, easy to prepare, and available throughout the year is picking up pace worldwide, thus upscaling the growth graph of the Global Natural Food Preservatives Market in the coming years.

Furthermore, due to the emergence of several diseases across the globe, numerous individuals are worried about their health & are nowadays putting their focus on having more balanced & healthy diet, hence inclining towards clean label food items as they are enriched with vitamins & are made using natural additives. Consequently, it is foreseen that with the shifting of consumers towards natural food products with no synthetic flavoring or preservatives, the demand for natural preservatives would witness an upsurge from the food & beverage manufacturing companies in the future years.

Global Natural Food Preservatives Market Driver:

Mounting Prevalence Food-borne illness Due to Synthetic Additives is Boosting the Market – Food-borne illness is one of the major concerns among the population across the globe & owing to these illnesses, many consumers are avoiding eating or consuming outside food, ready-to-eat, convenience, etc., food items, which is negatively affecting the sales & production of the food industry. Thus, to overcome the limitation in the purchase of these food products numerous food manufacturers have adopted natural food preservatives & are making wide ranges of food items using these additives, therefore driving the Global Natural Food Preservatives Market. The innovation & advancement in natural additives is aiding in providing better preservatives & that are healthy to consume compared to chemical additives are gaining the trust of the consumers & letting them consume any food product without any concern, further supporting the growth of the market.


Global Natural Food Preservatives Market Research Report: Forecast (2023-2028)

Global Natural Food Preservatives Market Challenge:

Limited Availability & High Cost of Natural Preservatives to Hinder the Market Growth – As natural preservatives have no added additives & are naturally extracted, therefore, they have limited availability, which could be challenging for the manufacturers in sufficing the emerging demand for food products. Thus, owing to the less availability, many consumers tend to shift towards synthetic or alternative preservatives to fulfill the food consumption demand across the globe, further creating a challenge for the Natural Food Preservatives Market.

Moreover, natural preservatives are very expensive compared to chemical ones. Thus, food manufacturers replace them with some synthetic additives that could work as a great replacement for natural additives & are less harmful to health, aiding in cutting their production costs. Consequently, high cost is also one of the key aspects that act as a restraint to the market growth.

Global Natural Food Preservatives Market Trend:

Concept of Clean Label Food Products to be Trending in the Market – Nowadays, after the advent of the pandemic, the population worldwide is more conscious about their & food habits. Thus, the tremendous shift of individuals towards a healthy diet is giving rise to the concept of clean labels, in which the food product is assured to be completely made with organic & natural ingredients with no added or synthetic preservatives. Usually, numerous consumers tend to buy products after reading their labels to know what ingredients the particular product contains.

With the high expectation of the individual for several food items like meat, seafood, etc., they prefer to opt for the ones with clean labels, thus giving rise to this food concept. Therefore, owing to the trend of clean labels worldwide, it is predicted that Natural Food Preservatives Market would outperform due to being natural & organic in the following years.

Global Natural Food Preservatives Market (2023-28): Segmentation Analysis

The Global Natural Food Preservatives Market study of MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2023–2028 at the global, regional, and national levels. Based on the analysis, the market has been further classified as:

Based on Type

  • Salt
  • Sugar
  • Oil
  • Honey
  • Citric Acid
  • Vinegar
  • Others

Salt has been one of the most prominent types used in food & beverages across the globe & held a major share of the Global Natural Food Preservatives Market during the historical period & is presumed to be flourishing in the forecast years as well. Salt is the primary taste enhancer of any food as it is the most effective natural preservative that gives a real taste to the food items as well as also aids in increasing the shelf life. Also, it is a cost-effective preservative that even keeps meat & seafood fresh & fit for consumption for a long time by helping in preventing spoilage while maintaining the same texture & flavor of the food.

Based on Function:

  • Antimicrobial
  • Antioxidants
  • Others

Antimicrobial agents play a leading role in the Global Natural Food Preservatives Market. With the growing emphasis of consumers on consuming clean-label & minimally processed foods the demand for natural preservatives with antimicrobial properties is witnessing an upward trend. Various natural substances & extracts possess inherent antimicrobial properties & are well-suited to be used as a natural additive in wide range of food products. However, the effectiveness of some of the natural antimicrobial agents could vary as per the pH, temperature, specific food matrix, and others, hence the proper formulation & application should be ensured for healthy food. Also, numerous consumers are looking for healthy foods with no synthetic preservatives, this, in turn, is pushing food manufacturers to use natural additives that have antimicrobial properties, thus enhancing the market growth.

Global Natural Food Preservatives Market Regional Projections:

Geographically, the Global Natural Food Preservatives Market expands across:

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

North America accounted for the majority of the shares of the Global Natural Food Preservatives Market in the past years & is presumed to be dominant during the forthcoming years. This owing to the rising ailments & diseases with the consumption of synthetic additives consisting in food products. The booming establishments of bakeries & heightening consumption of processed meat across regional countries such as the US, Canada, Mexico, etc., are propelling the demand for natural food preservatives. Moreover, the booming demand for processed & convenience food items, the presence of leading preservatives vendors, as well as the newly introduced regulations & policies by the government of the regional countries is also contributing in creating a positive market outlook.

Global Natural Food Preservatives Industry Recent Development:

  • January 2023: Koninklijke DSM N.V partnered with Foundation Earth to promote food eco-labelling. This would aid in empowering the consumers to have more sustainable & natural food choices based of clear & unbiased information regarding the product.

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  1. Global Natural Food Preservatives Market report provides a detailed and thorough analysis of market size, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics and make informed decisions.
  2. This report also highlights current market trends and future projections, allowing businesses to identify emerging opportunities and potential challenges. By understanding market forecasts, companies can align their strategies and stay ahead of the competition.
  3. Global Natural Food Preservatives Market report aids in assessing and mitigating risks associated with entering or operating in the market.
  4. The report would help in understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks and optimize their operations.

Frequently Asked Questions

   A. The Natural Food Preservatives Market is predicted to grow at a CAGR of around 4.7% during the forthcoming period.

   A. Mounting prevalence food-borne illness due to synthetic additives is boosting the Natural Food Preservatives Market.

   A. Cargill, Inc., DuPont de Nemours, Kemin Industries, Hawkins Watts Limited, Galactic S.A, Merck KGaA, BASF SE, Kerry Group Plc, Koninklijke DSM N.V., Archer Daniels Midland Company, Tate & Lyle Plc., Corbion NV, Galactic SA, Biosecur Lab, ITA 3, and Others are the leading competitors in the Natural Food Preservatives Market.

   A. Salt is one of the leading type in the Natural Food Preservatives Market.

   A. North America would present growth prospects in the Natural Food Preservatives Market during 2023-28.

   A. Concept of clean label food products to be a key trend shaping the growth of the Natural Food Preservatives Market.

   A. Limited availability & high cost of natural preservatives to hinder the Natural Food Preservatives Market growth.

Global Natural Food Preservatives Market Research Report (2023-2028) - Table of Contents

 

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Global Natural Food Preservatives Market Regulations & Policy
  5. Global Natural Food Preservatives Market Trends & Developments
  6. Global Natural Food Preservatives Market Dynamics
    1. Growth Drivers
    2. Challenges
  7. Global Natural Food Preservatives Market Hotspots & Opportunities
  8. Global Natural Food Preservatives Market Supply Chain Analysis
  9. Global Natural Food Preservatives Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type
        1. Salt- Market Size & Forecast 2018-2028, USD Million
        2. Sugar- Market Size & Forecast 2018-2028, USD Million
        3. Oil- Market Size & Forecast 2018-2028, USD Million
        4. Honey- Market Size & Forecast 2018-2028, USD Million
        5. Citric Acid- Market Size & Forecast 2018-2028, USD Million
        6. Vinegar- Market Size & Forecast 2018-2028, USD Million
        7. Others- Market Size & Forecast 2018-2028, USD Million
      2. By Function
        1. Antimicrobial- Market Size & Forecast 2018-2028, USD Million
        2. Antioxidants- Market Size & Forecast 2018-2028, USD Million
        3. Others- Market Size & Forecast 2018-2028, USD Million
        4.  
      3. By Application
        1. Sea Food- Market Size & Forecast 2018-2028, USD Million
        2. Meat & Poultry- Market Size & Forecast 2018-2028, USD Million
        3. Bakery- Market Size & Forecast 2018-2028, USD Million
        4. Dairy- Market Size & Forecast 2018-2028, USD Million
        5. Snacks- Market Size & Forecast 2018-2028, USD Million
        6. Beverages- Market Size & Forecast 2018-2028, USD Million
        7. Fruits & Vegetables- Market Size & Forecast 2018-2028, USD Million
        8. Others- Market Size & Forecast 2018-2028, USD Million
      4. By Region
        1. North America
        2. South America
        3. Europe
        4. The Middle East & Africa
        5. Asia-Pacific
      5. By Company
        1. Market Share & Analysis
        2. Competition Characteristics
  10. North America Natural Food Preservatives Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2018-2028, USD Million
      2. By Function- Market Size & Forecast 2018-2028, USD Million
      3. By Application- Market Size & Forecast 2018-2028, USD Million
      4. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The United States Natural Food Preservatives Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2018-2028, USD Million
        2. By Function- Market Size & Forecast 2018-2028, USD Million
        3. By Application- Market Size & Forecast 2018-2028, USD Million
    4. Canada Natural Food Preservatives Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2018-2028, USD Million
        2. By Function- Market Size & Forecast 2018-2028, USD Million
        3. By Application- Market Size & Forecast 2018-2028, USD Million
    5. Mexico Natural Food Preservatives Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2018-2028, USD Million
        2. By Function- Market Size & Forecast 2018-2028, USD Million
        3. By Application- Market Size & Forecast 2018-2028, USD Million
  11. South America Natural Food Preservatives Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2018-2028, USD Million
      2. By Function- Market Size & Forecast 2018-2028, USD Million
      3. By Application- Market Size & Forecast 2018-2028, USD Million
      4. By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    3. Brazil Natural Food Preservatives Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2018-2028, USD Million
        2. By Function- Market Size & Forecast 2018-2028, USD Million
        3. By Application- Market Size & Forecast 2018-2028, USD Million
    4. Argentina Natural Food Preservatives Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2018-2028, USD Million
        2. By Function- Market Size & Forecast 2018-2028, USD Million
        3. By Application- Market Size & Forecast 2018-2028, USD Million
  12. Europe Natural Food Preservatives Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2018-2028, USD Million
      2. By Function- Market Size & Forecast 2018-2028, USD Million
      3. By Application- Market Size & Forecast 2018-2028, USD Million
      4. By Country
        1. Germany
        2. The UK
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    3. Germany Natural Food Preservatives Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2018-2028, USD Million
        2. By Function- Market Size & Forecast 2018-2028, USD Million
        3. By Application- Market Size & Forecast 2018-2028, USD Million
    4. The UK Natural Food Preservatives Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2018-2028, USD Million
        2. By Function- Market Size & Forecast 2018-2028, USD Million
        3. By Application- Market Size & Forecast 2018-2028, USD Million
    5. France Natural Food Preservatives Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2018-2028, USD Million
        2. By Function- Market Size & Forecast 2018-2028, USD Million
        3. By Application- Market Size & Forecast 2018-2028, USD Million
    6. Italy Natural Food Preservatives Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2018-2028, USD Million
        2. By Function- Market Size & Forecast 2018-2028, USD Million
        3. By Application- Market Size & Forecast 2018-2028, USD Million
    7. Spain Natural Food Preservatives Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2018-2028, USD Million
        2. By Function- Market Size & Forecast 2018-2028, USD Million
        3. By Application- Market Size & Forecast 2018-2028, USD Million
  13. The Middle East & Africa Natural Food Preservatives Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2018-2028, USD Million
      2. By Function- Market Size & Forecast 2018-2028, USD Million
      3. By Application- Market Size & Forecast 2018-2028, USD Million
      4. By Country
        1. The UAE
        2. Saudi Arabia
        3. South Africa
        4. Rest of the Middle East & Africa
    3. The UAE Natural Food Preservatives Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2018-2028, USD Million
        2. By Function- Market Size & Forecast 2018-2028, USD Million
        3. By Application- Market Size & Forecast 2018-2028, USD Million
    4. Saudi Arabia Natural Food Preservatives Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2018-2028, USD Million
        2. By Function- Market Size & Forecast 2018-2028, USD Million
        3. By Application- Market Size & Forecast 2018-2028, USD Million
    5. South Africa Natural Food Preservatives Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2018-2028, USD Million
        2. By Function- Market Size & Forecast 2018-2028, USD Million
        3. By Application- Market Size & Forecast 2018-2028, USD Million
  14. Asia-Pacific Natural Food Preservatives Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2018-2028, USD Million
      2. By Function- Market Size & Forecast 2018-2028, USD Million
      3. By Application- Market Size & Forecast 2018-2028, USD Million
      4. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Australia
        6. Rest of Asia-Pacific
    3. China Natural Food Preservatives Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2018-2028, USD Million
        2. By Function- Market Size & Forecast 2018-2028, USD Million
        3. By Application- Market Size & Forecast 2018-2028, USD Million
    4. India Natural Food Preservatives Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2018-2028, USD Million
        2. By Function- Market Size & Forecast 2018-2028, USD Million
        3. By Application- Market Size & Forecast 2018-2028, USD Million
    5. Japan Natural Food Preservatives Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2018-2028, USD Million
        2. By Function- Market Size & Forecast 2018-2028, USD Million
        3. By Application- Market Size & Forecast 2018-2028, USD Million
    6. South Korea Natural Food Preservatives Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2018-2028, USD Million
        2. By Function- Market Size & Forecast 2018-2028, USD Million
        3. By Application- Market Size & Forecast 2018-2028, USD Million
    7. Australia Natural Food Preservatives Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2018-2028, USD Million
        2. By Function- Market Size & Forecast 2018-2028, USD Million
        3. By Application- Market Size & Forecast 2018-2028, USD Million
  15. Global Natural Food Preservatives Market Key Strategic Imperatives for Success & Growth
  16. Competition Outlook
    1. Competition Matrix
      1. Product Portfolio
      2. Target Markets
      3. Research & Development
      4. Strategic Alliances
      5. Strategic Initiatives
    2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Cargill, Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. DuPont de Nemours
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Kemin Industries
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Hawkins Watts Limited
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Galactic S.A
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Merck KGaA
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. BASF SE
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Kerry Group Plc
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Koninklijke DSM N.V.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Archer Daniels Midland Company
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Tate & Lyle Plc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      12. Corbion NV
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      13. Galactic SA
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      14. Biosecur Lab
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      15. ITA 3
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      16. Others
  17. Disclaimer


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