Global Food Preservative Market is projected to grow at formidable rate and register an impressive CAGR during the forecast period 2023-2027. The market growth can be attributed to the growing demand for ready-to-eat food products, rising number of people seeking fresh and high-quality edibles and inflating disposable income. Food preservatives refers to those agents that are incorporated during food processing to increase the shelf life of the food and prevent food spoilage. These preservatives prevent the growth of microorganisms and hence inhibiting or delaying food spoilage. the accelerating demand for processed and ready-to-eat food due to rising working population and hectic schedules of the consumers. The growing demand for ready-to-eat or ready-to-cook food is boosting the demand for food preservatives. Apart from this, due to the rising health concerns among the consumers, the preference and demand for natural preservatives over synthetic preservatives has increased. Natural ones are perceived to the healthier than those having synthetic preservatives. Along with this, the demand for clean label food products ha proliferated over the recent years. Consumers are now becoming more health conscious due to rising cases of food borne diseases, hence making the consumer prefer clean label products. This has pushed the manufacturers to increase the production of natural food preservatives. All these aforementioned factors are anticipated to propel the global food preservative market in the coming years.
The global food preservative market is bifurcated on the basis of type, function, application, competitive landscape, and regional distribution. Based on the type the market is segmented into natural preservatives, synthetic, propionates, benzoates and others. By function the market is differentiated between antioxidants, antimicrobials and others. Among these, the anti-microbial preservatives are anticipated to hold a significant market share in the coming years. Benzoates, sorbates and other chemicals work as anti-microbial preservatives and are categorized as generally recognized as safe (GRAS) by the United States regulatory authority. Based on the application the market is fragmented into bakery, oils & fats, meat, poultry & seafood, dairy & frozen products, beverages and others. The market analysis also studies the regional segmentation, divided among North America, Europe & CIS, Asia Pacific, Middle east and Africa, South America.
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Some of the leading players in the Global Food Preservative Market are Tate & Lyle PLC, Koninklijke DSM N.V., Danisco A/S, Kemin Industries Inc, Galactic, Univar Inc., Akzo Nobel N.V. etc.
| Attribute | Details |
| Base Year | 2021 |
| Historic Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Type · Function · Application |
| Regional scope | North America; Europe &CIS; Asia Pacific; South America; Middle East & Africa |
| Country scope | United States; Canada; Mexico; France; Germany; United Kingdom; Italy; Spain; China; India; Japan; South Korea; Australia; Brazil; Argentina; Colombia; UAE; Saudi Arabia; South Africa; Kuwait |
| Key companies profiled | Tate & Lyle PLC, Koninklijke DSM N.V., Danisco A/S, Kemin Industries Inc, Galactic, Univar Inc., Akzo Nobel N.V. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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