Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, the Global Food Preservatives Market Size Expected to Grow from USD 2.97 Billion in 2023 to USD 4.82 Billion by 2033, at a CAGR of 4.96% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Food Preservatives Market Size, Share, and COVID-19 Impact Analysis, By Type (Natural, Synthetic), By Function (Anti-Microbial, Anti-oxidant, and Others), By Application (Meat & poultry, Bakery, Dairy, Beverages, Snacks, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
Food preservatives are additives that occur either naturally or artificially in food to prolong the shelf life of food and also prevent decay or spoilage. Most preservatives act to inhibit bacteria, molds, and yeasts, some of which occur naturally in salt and vinegar while others may be synthetically created, such as sodium benzoate and nitrates. Convenience foods and ready-to-eat foods have created a significant demand that is driving the food preservatives market. This increased demand for shelf-life preservation of quality and safety has increased in demand. Beyond e-commerce, the online food retailing sector has really sent the food preservatives business soaring in growth. Shifting consumers to most of their food products as their purchases are delivered online, requires effective methods of preservation that will thereafter ensure that delivery does not compromise the quality of the product. However, the large difference between the costs of natural preservatives and synthetic ones is a huge barrier for food manufacturers who want to supply products at reasonable prices and, at the same time, satisfy consumer requirements. This added economic hindrance can't allow extensive application of natural substitutes and thus limits the capacity of the market for potential expansion.
The synthetic segment is expected to hold the largest share of the global food preservatives market during the projected timeframe.
Based on type, the global food preservatives market is categorized as natural and synthetic. Among these, the synthetic segment is expected to hold the largest share of the global food preservatives market during the projected timeframe. The growth is attributed to it being much cheaper to manufacture to keep production costs as low as possible. They also tend to have longer shelf lives and possess greater power in inhibiting growth due to their concentrated strength. In addition, synthetic preservatives are easier to standardize and scale, as they generally have consistent quality to meet regulatory requirements and quality benchmarks. They are also used in baked goods, dairy, and meat products as very versatile food preservatives.
The anti-microbial segment is expected to grow at the fastest CAGR during the projected timeframe.
Based on the function, the global food preservatives market is categorized as anti-microbial, anti-oxidant, and others. Among these, the anti-microbial segment is expected to grow at the fastest CAGR during the projected timeframe. Increased consumer interest is driving growth. Antimicrobial agents like nitrates, nitrites, sulphur dioxide, and so forth can be used to inhibit the spoilage if any form of food spoilage. This again dominates the presence of antimicrobials in food preservatives. Packaged foods do well long after they become prone to microbial spoilage with the changes of temperature, moisture, and pH.
The meat and poultry segment is expected to grow at the fastest CAGR during the projected timeframe.
Based on the application, the global food preservatives market is categorized as meat and poultry, bakery, dairy, beverages, snacks, and others. Among these, the meat and poultry segment is expected to grow at the fastest CAGR during the projected timeframe. The segmental growth is due to the consumption of meat and poultry dominating the market; these are very quickly putrefying, pathogen-dominated goods, which make possible their preservation essential for prolonging shelf and safety states in food products. In addition, increasing global consumption of meat and poultry tends to rise with growing dietary preferences and cultures, which is just building up demand for better and more effective preservation techniques to get the products in their best condition to consumers. Strict regulatory requirements on the manufacturing of meat and poultry products are also positively influencing market growth, as manufacturers will require approved preservatives to meet safety standards.
North America is projected to hold the largest share of the global food preservatives market over the forecast period.
North America is projected to hold the largest share of the global food preservatives market over the forecast period. An increase in different application areas of the product within the three countries, the U.S., Canada, and Mexico, will fuel the growth of the market in North America. The expansion of well-established bakery stores, along with an increased consumption of processed meat, will propel the growth.
Asia Pacific is expected to grow at the fastest CAGR growth of the global food preservatives market during the forecast period. Factors projected to enhance market growth in Asia Pacific in terms of the growing working population and rising consumer inclination towards convenience in eating. Increased consumption of organic and natural food products in the healthier diet consumption index is creating trends with ready-made convenience food products, all encouraging the growth of the Asia Pacific food preservatives market.
Competitive Analysis
Major vendors in the global food preservatives market are Cargill, Incorporated, Kerry Group Plc, BASF SE, IFF Nutrition & Biosciences, Lallemand Inc., ADM, Kemin Industries, Inc., Tate & Lyle, Koninklijke DSM N.V.
Key Target Audience
Key Market Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global food preservatives market based on the below-mentioned segments:
Global Food Preservatives Market, By Type
Global Food Preservatives Market, By Function
Global Food Preservatives Market, By Application
Global Food Preservatives Market, By Regional
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