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The food preservatives market size is projected to increase by USD 529.10 billion, at a CAGR of 3.2% between 2023 and 2028. The market thrives on continuous research and innovation by startups, despite stringent regulations concerning toxicity, particularly with vitamin C supplements. Growth is fueled by factors like microbiology advancements, changing lifestyle choices, and the integration of preservatives in beverage packaging. Rising consumer awareness of organic food preservatives further drives market expansion. As demand grows for longer shelf life and food safety, manufacturers are innovating with natural and safe preservatives while navigating regulatory landscapes to meet consumer expectations for healthier and sustainable food options. The market's evolution reflects a dynamic blend of technological advancement and consumer preference shifts towards organic and clean-label products in the global food industry.
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The food preservatives market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
Antimicrobial preservatives play a pivotal role in various industries, offering protection against microbial threats. Microbiology, with considerations like bacterial conjugation, underscores the importance of effective preservation. In the business landscape, dashboard (business) is utilized for monitoring and managing antimicrobial strategies, ensuring product safety. Economic indices, as indicated by the index (economics) and lifestyle (social sciences) contribute to market trends and decision-making. Snack items, such as nuts and seeds, are consumed as replacements for breakfast - a factor that creates opportunities for global players in terms of product innovations that suit the nutrition and taste preferences of consumers. An increasing number of snack products, primarily in the North American and European markets, and the preference for breakfast snacks have increased the sales of snacks across the world. This will also add to the demand for antimicrobial preservatives and, in turn, will drive the growth of the food preservatives market.
The market share growth in the synthetic segment will be significant during the forecast period. They include synthetic preservatives like sodium benzoate and sorbic acid to preserve the quality, flavor, and taste of a food product are added during the manufacture of food. The demand for convenience foods products, packaged food, and ready-to-eat (RTE) food that need a long shelf life shall result in an increase in demand for this segment during the forecast period.
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The synthetic segment was valued at USD 1.50 billion in 2018. However, there is a shift towards natural preservatives by health-conscious consumers that will have a negative impact on the synthetic segment during the forecast period. Regardless, the ease in packaging by effortless opening, portability, and one-hand use for customers, are drivers for the consumption of RTE, which are expected to drive the demand for the synthetic segment during the forecast period.
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North America is estimated to contribute 29% to the growth of the global food preservatives market during the forecast period. Technavio's analysts have elaborately explained the regional market trends and analysis and drivers that shape the market during the forecast period. The North American market, particularly in the US is likely to expand during the forecast period due to the demand for products such as cheese, canned fruit juice, and margarine. The US has several companies that cater to the requirements of the world's largest food chains, which are also investing in the expansion of food production capacity. Additionally, the US preservatives market is heavily regulated by the FDA which sets limitations on the usage of food preservatives, which companies, suppliers, and end-users must strictly adhere to, which will fuel food preservatives market growth in this region during the forecast period.
The market is essential in maintaining the quality and safety of food products by inhibiting degradation caused by bacteria, fungus, and yeasts, which can lead to foodborne sickness. Preservatives like benzoates and propionates are crucial for extending the shelf life of processed foods such as drinks, sausages, yogurt, and cakes. Clean-label preservatives, known for their antimicrobial and antioxidant properties, align with consumer preferences for natural ingredients and good manufacturing practices. Compounds such as salt, sugar, spices, jasmine extract, and citrus powder also contribute to preserving food freshness and flavor. As the correlation between preservatives and food safety remains paramount, advancements in preservative technology continue to address industry challenges while ensuring the integrity and longevity of food products in the global food preservatives market.
The increasing demand for processed food items, driven by busy lifestyles and convenience, is a major contributor to market expansion. The market embraces innovation through startup companies, introducing novel solutions. Preservation strategies encompass diverse aspects, such as redox reactions and moisture control, essential for maintaining product integrity.
Moreover, client computing and business dashboards aid in efficient monitoring and decision-making, while international standards, as upheld by the International Organization for Standardization, ensure quality and safety. Lifestyle choices and economic indices influence food preservatives market trends, and the incorporation of preservatives in beverage packaging, like drink cans, adds to the market's strong growth. Insurance considerations and financial options contribute to the overall resilience and adaptability of this market.
The increase in consumer awareness toward organic products is a key trend in the market. The rise in health awareness has had a direct impact on various industries, with their consumer base increasingly opting for organic products, which do negatively impact human life and the environment at large.
Moreover, the companies have followed suit by catering to this demand by offering organic-based products and adhering to regulatory bodies and government agencies-issued guidelines and standards. This is likely to increase growth in the food organic food preservatives such as acetic acid, citric acid, and lactic acid resulting in food preservatives market growth during the forecast period.
The stringent regulations for food preservatives are challenging market growth. Various regulatory bodies and government agencies, such as the Food and Drug Administration (FDA) in the US lay down standards and guidelines regarding the usage of food preservatives in food items. This helps ensure proper labeling and not crossing the maximum permissible limit in specific products.
Further, compliance is challenging and deviations from the required standards can result in reputation loss as well as large monetary losses through product recalls. Hence, regulatory and compliance difficulties are expected to hinder food preservatives market growth during the forecast period.
The food preservatives market growth and forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the food preservatives market forecasting report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
This food preservatives market analysis and report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
With a pulse on market growth and trends, they provide invaluable insights, and through a dynamic approach, they are instrumental in shaping the trajectory of the market, ensuring adaptability and success in the ever-evolving industry.
The market is driven by increasing demand in both packaged foods and homemade goods, with a focus on extending shelf life and ensuring product stability against spoilage by microorganisms. This industry encompasses a wide range of preservatives, including artificial and natural sources like rosemary extracts, nisin, and natamycin, which act as antimicrobials and antioxidants. Consumers are increasingly opting for clean-label foods with natural preservatives such as lemongrass, cinnamon, and thyme, reflecting a shift towards health-conscious eating habits and organic sales. Prominent companies are reformulating products to meet regulatory policies while addressing consumer concerns about synthetic additives. The market caters to diverse sectors including dairy products, beverages, and ready-to-eat meals, where preservatives like sodium propionate and mold inhibitors play critical roles in maintaining product quality and safety amidst industrial demand for stable, long-shelf retail products.
The food preservatives industry is witnessing high demand due to the rising meat consumption, processed food industries, and the increasing preference for ready-to-eat foods. Product offerings, especially in frozen food products, are expanding, with both conventional food preservatives and synthetic food preservatives, such as sorbates, nitrites, and sulfur dioxide, playing a crucial role. However, consumer trust is influenced by product labels, driving the shift toward clean food ingredients and clean-label additives. Natural food preservatives, including rosemary extract and essential oils, are gaining traction among health-conscious consumers who seek clean-label foods free from artificial preservatives. Natural organic acids and natural antioxidants like citric acid are popular in organic food and beverages. The growing demand for natural sources has led to the exploration of novel preservatives with antimicrobial properties that protect food products from bacteria, fungus, yeasts, and microorganisms, preventing degradation and foodborne sickness.
Regulated policies are shaping the landscape, especially for retail and long-shelf products. Meat exports, edible oil, soft drinks, and packaged food products are being formulated with both artificial ingredients and clean-label ingredients. Stockpiling groceries and organized retail have increased demand for preservatives in processed foods and packaged foods, ensuring extended shelf life and consumer safety. Natural preservatives are reshaping eating habits and boosting organic sales.
Market Scope |
|
Report Coverage |
Details |
Page number |
159 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.2% |
Market growth 2024-2028 |
USD 529.1 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
3.06 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
APAC at 29% |
Key countries |
US, China, Germany, Canada, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Archer Daniels Midland Co., Camlin Fine Sciences Ltd., Cargill Inc., Celanese Corp., Chemical Corporation Inc., Corbion nv, Foodchem International Corp., Gadot Biochemical Industries Ltd., Handary SA, Hawkins Watts Ltd., Hemadri Chemicals, ITA 3 s.r.l., Jungbunzlauer Suisse AG, Kalsec Inc., Kemin Industries Inc., Kerry Group Plc, Koninklijke DSM NV, RZBC Group Co. Ltd., Tate and Lyle PLC, and Yolimex Sdn Bhd |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product Type
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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