Global Food Preservatives Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2023-2032

 

Global Food Preservatives Market

The Global Food Preservatives Market size was valued at $2.5 billion in 2020 and is projected to reach $3.8 billion by 2027, growing at a CAGR of 5.5% during the forecast period from 2021 to 2027. 

The increasing demand for convenience foods, packaged foods, and ready-to-eat meals, along with the growing awareness among consumers about the benefits of using preservatives in food products, are driving the growth of the food preservatives market. Additionally, the increasing concerns related to food safety and the need to increase the shelf life of food products are also contributing to the growth of this market.

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The food preservatives market is a rapidly growing industry that is driven by the increasing demand for longer shelf life and the need to maintain food quality and safety. Food preservatives are used to prevent spoilage, deterioration, and microbial growth in food products, ensuring their safety for consumption. The market for food preservatives can be segmented based on type, application, and region.

In 2021, Label Insights Conventional had the highest revenue share of more than 65.0%. Conventional food preservatives are employed alone or in conjunction with other methods of preservation. Antioxidants, which function as oxygen absorbers, and antimicrobial preservatives, which limit the growth of fungus and bacteria, are the most common conventional preservatives.

Product recalls are on the rise in the United States and other countries as a result of multiple outbreaks, including E. coli and salmonella illnesses. Similarly, the recent contamination of ice cream with coronavirus (SARS-CoV-2) in China in January 2021 has prompted consumers to be extra cautious when selecting food goods and, as a result, product labelling. The market is divided into two categories based on labelling: clean labels and conventional labels.

 The most commonly used types of food preservatives include natural preservatives, chemical preservatives, and antioxidant preservatives. Natural preservatives are derived from natural sources, such as salt, sugar, vinegar, and citrus extracts. Chemical preservatives are synthetic substances, such as sodium benzoate, potassium sorbate, and calcium propionate. Antioxidant preservatives are used to prevent the oxidation of fats and oils, and include ascorbic acid, tocopherols, and butylated hydroxy anisole.

Food preservatives find applications in various food products, including bakery and confectionery, meat, poultry, and seafood, dairy products, beverages, and others. Among these, the bakery and confectionery segment is the largest market for food preservatives. The market for food preservatives is also driven by the increasing demand for convenience foods and ready-to-eat meals, which require longer shelf life and safety from microbial growth. The Asia Pacific region is the largest market for food preservatives, followed by North America and Europe.

Market Segmentation:

By Type

• Natural Preservatives
• Synthetic Preservatives

By Function

• Antimicrobials
• Antioxidants
• Others (Enzyme Inhibitors, pH Control Agents, etc.)

By Application

• Beverages
• Bakery & Confectionery
• Dairy & Frozen Products
• Meat, Poultry & Seafood Products
• Oils & Fats

Key Player:

• Cargill, Incorporated
• Archer Daniels Midland Company
• Kerry Group plc
• DuPont de Nemours, Inc.
• Tate & Lyle PLC
• Kemin Industries, Inc.
• Corbion N.V.
• Chr. Hansen Holding A/S
• BASF SE
• Galactic S.A.

Regional Analysis:

All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Food Preservatives market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.

• Provision of market value (USD Billion) data for each segment and sub-segment.
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis.
• Provides insight into the market through Value Chain.
• Market dynamics scenario, along with growth opportunities of the market in the years to come.
• 6-month post-sales analyst support.

Key Points: 

• Define, describe and forecasts Food Preservatives market by type, application, end user and region.
• Provide strategies for company to deal with the impact of COVID-19.
• Provide enterprise external environment analysis and PEST analysis.
• Provide market dynamic analysis, including market driving factors, market development constraints.
• Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
• Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy.
• Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
• Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
• Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.

Frequently Asked Questions
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• What factors will influence demand and supply trends across each markets during the forecast period?
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• Which country / region has more opportunities?

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