Global Food Preservatives Market
As stated in our extensive report; the Global Food Preservatives Market accounted for USD 3.1 Billion in the year 2022 and is projected to reach a value of USD 3.86 Billion by 2030.
The market for Food Preservatives is driven by several reasons, including expanding convenience food demand, rising consumer awareness of food hygiene and safety, and rising usage of natural preservatives. Additionally, the need to extend processed goods’ shelf life and the rising demand for processed foods contributeket’s expansion. The market for natural Food Preservatives is anticipated to expand at the highest CAGR among the various forms of Food Preservatives throughout the forecast period. Natural preservatives are favoured since they are safe for human consumption and don’t significantly alter food’s nutritional value or flavour. Additionally, certain natural preservatives, such as tocopherol and rosemary extract, are high in antioxidants and offer additional health advantages to customers.
The market for Food Preservatives is expanding due to rising consumer demand for convenience foods like ready-to-eat meals and processed foods since they assist in increasing the shelf life of these goods. In addition, natural preservatives are becoming increasingly popular as consumers turn to natural and organic goods in the food business. Instead of synthetic preservatives, consumers are more likely to favor items with natural ones. Globally, more people are concerned about food safety, which has resulted in the adoption of stringent government guidelines. Due to their ability to stop microbial development and guarantee food safety, preservatives have become more popular. New and inventive food preservers have been created due to technological developments in the food preservation sector.
In addition, the market has expanded due to the new preservatives’ improved efficacy and safety. Certain Food Preservatives, including vitamin E, vitamin C, and rosemary extract, are becoming increasingly popular among consumers due to their positive effects on health. Because of this, there is now a greater need for these preservatives, fueling the market for Food Preservatives.
Key factors influencing Food Preservatives Market Growth
The growth of the global Food Preservatives market can be attributable to the following:
- Natural and organic preservatives are becoming increasingly popular due to rising consumer knowledge of the health risks connected with synthetic preservatives.
- As consumers become more aware of the health dangers associated with synthetic preservatives, natural and organic preservatives are growing in popularity.
- Advanced preservation methods like HPP, pulsed electric fields, and UV irradiation have decreased the demand for synthetic preservatives, opening up new markets for natural and organic preservatives.
- The demand for convenient, shelf-stable food products has increased with the market for Food Preservatives due to the booming popularity of online food delivery services.
North America Region to Lead the Market
Due to rising population, urbanisation, and changing dietary tastes, the Asia Pacific is predicted to be the fastest-growing market for Food Preservatives. The region’s food and beverage industry is also quickly expanding, offering potential for the Food Preservatives market to flourish. Therefore, consumer demand for convenience foods, extended product shelf lives, and rising interest in natural and clean-label Food Preservatives keep expanding.
Growing demand for Processed and Packaged Foods, Awareness about Food Safety and Technological Advancements augmenting the Food Preservatives market sales.
Some of the key players in the Global Food Preservatives Market includes- Cargill Inc. (U.S.), Kemin Industries Inc. (U.S.), Tate & Lyl (UK), Koninklijke DSM N.V. (Netherlands), BASF SE (Germany), Celanese Corp. (U.S.), Corbion NV (Netherlands), Galactic SA (Belgium) and others.