Food Preservatives Market: Global Industry Analysis and Forecast (2023-2029)

Food Preservatives Market was valued at US $ 2.85 Bn. in 2022. Food Preservatives Market size is expected to grow at a CAGR of 4.62%. The market is expected to reach a value of US $ 3.92 Bn in 2029.
Food Preservatives Market Overview:
Food Preservatives are used during food processing to upsurge its immovability and to evade decomposition. Depending on the condition, they are auxiliary in insignificant amounts to the variability of foods. Meat and other foods were conventionally conserved with salt, sugar, and spices. It is a natural or man-made substance that is auxiliary in the food to stop indulging. It also precludes the evolution of bacteria which is general food processing rehearses. With the help of preservations, foods can keep fresh for a longer period.

Preservation of foods is used to change in flavour, texture, taste and delay rancidity. Salt is the most common food preservative element in which plain NaCl table salt is mostly used in the preservation process.To know about the Research Methodology :- Request Free Sample Report
Food Preservatives Market Dynamics:
Food products with a longer ledge existence are becoming more popular:

It includes all those products which are integrated throughout food processing to boost its permanence and also evade spoilage. Depending on the circumstances, they are added in tiny amounts to a variety of foods. Meat and other foods were conventionally conserved with salt, sugar, and spices. Consumer lifestyle is changing consistently, due to this effect preference for eating habits also changes, altering in response of these food products provides longer shelf life. This can proportionally Increase demand for Food & Beverage industry. The rise in demand for health-conscious foods is also increasing which can create a profitable evolution for the food stabilizing market during the forecast period. The functional beverage has a huge demand for elevating the ingestion of various constituents comprising preservatives. These products are used in various industries such as meat & poultry, seafood, oils & fats, and frozen products which is fueling the growth of the market.

Limitation of natural and organic food towards consumer preference:

Organic and natural foods are having huge demand in the market, in which availability of fulfilling these several foods are limited, which is hampering the growth of the preservative food market. There are strict rules and regulations taken by the government on the use of hazardous chemicals in stabilizing foods, in which manufacturer faces a lot of problems to give variety into the product. The cost of natural foods is also amassed day by day which is another factor to hamper the progression of the market.

An increase in storage of consumable food materials gives a huge opportunity for the market:

Preservation of food can have huge benefits for the consumer such as increased shelf life, reduced decomposition, and immobilisation of anti-natural factors which is measured for healthy substance for the consumers. It is been seen that with the help of preservation of food it is good for the indigenous frugality and also perishable foods are transported for long distances within a period. It may also help to avoid the surplus of food without necessitating a refrigerator, thus these factors are considered as a huge benefit for the market.

Taste and flavour changes for dry foods which have major challenging factors for the market:

Food that has been parched does not have the same flavour as food that has been equipped renewed. Wetness can create mold on food if it is left in the food during the drying process or permissible during packing. Fruits, vegetables, and meats that have been overly dried can be enormously hard, to the point of not moderating. Also, simulated preservatives may similarly turn into anti-oxidants, which create food more acidic and also decrease dampness flat of foods.
Food Preservatives Market Segment Analysis:
Based on Function, the Market is segmented into Anti-Microbial, Anti-Oxidant and Others. The Anti-Microbial segment is expected to hold the largest market share, accounting for xx% by 2029. Sodium propionate and calcium propionate are majorly used as an interdict in various foods such as bread, cakes, and baked products. The major use of anti-microbial is to avert the worsening of food by the oxidative appliance. Fungi or bacteria are common rudiments established in various kinds of food in which microbial composition plays a vital role to prevent food from this kind of germs. Antimicrobial preservatives are widely used in cosmetics and personal care products which is also a major factor for fuelling the growth of the market.

However, the Anti-Oxidant segment is expected to grow at a CAGR of 2.8% during the forecast period. Antioxidants are food additives that adjourned or avert food from flattering reeking due to corrosion, hence spreading the shelf life of substances. Tocopherols, Ascorbic Acid, and Rosemary Extract are instances of ordinary antioxidants which is applied in the food industry.

Based on Type, the market is segmented as Naturals and Synthetic. The Synthetic segment is expected to hold the largest market share, accounting for xx% by 2029. Synthetic segment is deliberated as economical and can be easily formulated provisional upon the constraint of submission. Meat, poultry and dairy products are widely used applications in this segment. Nitrites, propionates, and benzoates are additional frequently used synthetic categories. To increase effectiveness, sorbets, benzoates, and propionates are commonly used together. Propionates are flattering more prevalent as a result of their advanced allowable limit and applications, which comprises baked products, snacks, and other sweetmeats.However, the natural segment includes salt, sugar, alcohol, vinegar, and other extracts. Sugar and salt are the most normal and natural food preservatives that efficiently constrain bacterial growth. It also decreases the growth of spoilage in baked food items. Apart from that, they can also be used to change the taste and flavour of the foods.
Food Preservatives Market Regional Insights:
The Asia Pacific region is expected to grow at a CAGR of 4.62% during the forecast period. The effect of western eating conformations, cumulative disposable income stages, and disparities in lifestyles in countries such as China and India is a major reason for fuelling the growth of the market. There is a huge demand for meat and poultry products in this region. Consumer inclinations for healthy consumption, the move toward natural and organic foods, and the rising need for expediency food products influence the food and beverage industry. Component purveyors are growing more confident about the food and beverage industries imminent as a result of emerging countries, greater development, rising ultimatum for processed foods, and consumer inclination for high-quality products.

However, China food preservative market is expected to grow at a CAGR of 4.67% during the forecast period. Oil & fat, Confectionary, dairy & frozen products, and meat & poultry sections are mainly used for the preservation of foods in this country. Monosodium Glutamate (MSG) flavour is normally used to improve the tang of Chinese foods and administered meats.

The objective of the report is to present a comprehensive analysis of the global Food Preservatives Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Food Preservatives Market dynamic, structure by analyzing the market segments and projecting the Food Preservatives Market size. Clear representation of competitive analysis of key players by Technology, price, financial position, product portfolio, growth strategies, and regional presence in the Food Preservatives Market make the report investor’s guide.
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Food Preservatives Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 2.85 Bn.


Forecast Period 2023 to 2029 CAGR:
4.62%
Market Size in 2029:
US $ 3.92 Bn.


 Segments Covered:
by  Function
Anti-Microbial
Anti-Oxidant
Others


by Type
Synthetic
Natural


by Application
Meat & Poultry Products
Bakery Products
Dairy Products
Beverages
Snacks
Others



Food Preservatives Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Food Preservatives Market Key Players are:
1. Kemin Industries, Inc
2. Tate & Lyle
3. Brenntag Solutions Group, Inc
4. Kerry Group
5. JEY’S F.I Inc
6. Dupont
7. Corbion N.V
8. BASF SE
9. Royal DSM N.V
10.Prinova Group
11.Kemin Industries, Inc
12.Galactic S.A
13.Univar Inc
14.Celanese Corporation
15.Chr. Hansen A/S

Frequently Asked Questions:

1. Which region has the largest share in Global Food Preservatives Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Food Preservatives Market?
Ans: The Global Food Preservatives Market is growing at a CAGR of 4.62% during forecasting period 2023-2029.

3. What is scope of the Global Food Preservatives market report?
Ans: Global Food Preservatives Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Food Preservatives market?
Ans: The important key players in the Global Food Preservatives Market are – Kemin Industries, Inc, Tate & Lyle, Brenntag Solutions Group, Inc, Kerry Group, JEY’S F.I Inc, Dupont, Corbion N.V, BASF SE, Royal DSM N.V, Prinova Group, Kemin Industries, Inc, Galactic S.A, Univar Inc, Celanese Corporation, and Chr. Hansen A/S

5. What is the study period of this market?
Ans: The Global Food Preservatives Market is studied from 2022 to 2029.