What are the Historical Developments and Current Growth Metrics of the Food Preservatives Market?
The food preservatives market has seen considerable growth due to a variety of factors.
• In recent years, there has been a consistent growth in the market size of food preservatives. The value is expected to increase from $2.94 billion in 2024 to $3.08 billion in 2025, with a compound annual growth rate (CAGR) of 4.6%.
The previous period's expansion is linked with growing consumer preference for processed and convenient foods, the requirement to extend food's shelf life and maintain its preservation, global development in the food and beverage sector, concerns about food spoilage and securing food safety, regulatory approval and the safe use of food preservatives, and the increasing demand for natural and clean label solutions for food preservation.
What Does Future Hold for The Food Preservatives Market Size?
The food preservatives market is expected to maintain its strong growth trajectory in upcoming years.
• The market of food preservatives is predicted to witness robust expansion in the forthcoming years. The projection estimates it to attain the valuation of $3.77 billion in the year 2029, exhibiting a compound annual growth rate (CAGR) of 5.1%.
This anticipated growth during the forecast period can be ascribed to factors such as the inclination towards plant-sourced and naturally extracted preservatives, focus on environment-friendly and sustainable preservative components, advancement in research for future preservative technologies, the burgeoning demand for preservatives for natural and organic food items, and expansion of preservative usage in the meat and poultry segment. Moreover, a rise in interest toward combined preservative methods for improved efficiency is also a contributing factor. Key trends in the predicted period encompass natural antimicrobial extracts, antioxidant preservatives, essential oils derived from plants, combined preservative systems, and breakthrough technologies like pulsed electric fields (pef), and nanotechnology incorporated in food preservation.
What Are The Primary Growth Drivers In The Food Preservatives Market?
The growth of the food preservatives market is anticipated to be driven by the escalating consumption of ready-to-eat meals, a result of increasingly hectic lifestyles. These convenient meals utilize a variety of natural and synthetic preserving agents to reduce the risk of microbial contamination and enhance food quality. The escalating demand for processed or conveniently prepared meals stems from the growing workforce who opt for ready-made food options rather than home-cooked meals. As an example, the American Frozen Food Institute, a U.S. national trade association, reported in January 2023 that the sales of frozen foods surged from $66.5 billion in 2021 to $72.2 billion in 2022. Hence, the strong demand for ready-to-eat food is a significant factor propelling the food preservatives market's growth. Consequently, the surge in the consumption of these convenient meals has fueled the expansion of the food preservatives market.
What Is The Segmentation Of The Global Food Preservatives Market?
The food preservatives market covered in this report is segmented –
1) By Type: Synthetic, Natural
2) By Function: Anti-Microbial, Anti-Oxidant, Chelating Agents, Enzyme Attackers
3) By Application: Beverages, Oils And Fats, Bakery, Dairy And Frozen Products, Snacks, Meat, Poultry, Confectionery, Other Applications
Subsegments:
1) By Synthetic Preservatives: Sorbates, Benzoates, Nitrites And Nitrates, Propionates
2) By Natural Preservatives: Salt, Sugar, Vinegar, Essential Oils, Antioxidants
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What Emerging Trends Are Shaping The Food Preservatives Market Landscape?
The food preservatives market is experiencing a rising trend of utilizing natural preservatives, prompted by consumer concerns about the adverse effects of artificial preservatives and a growing preference for natural alternatives such as organic acids, sugar, salt, and more. Recognizing this trend, key players in the food preservatives industry are pivoting towards natural preservatives in order to provide clean label preservation methods and reinforce their market standing. In November 2022, Prinova Europe, a leading UK-based ingredients supplier and premix manufacturer, introduced PlantGuardTM AM, in response to the escalating demand for natural components in food items. PlantGuardTM AM is an innovative natural antimicrobial preservative employing plant-based elements to avert the development of yeasts, bacteria, and moulds in food products. This solution not only extends shelf life and inhibits rancidity but also conserves the food's color and taste. As it is heat-stable and taste-neutral, it can be seamlessly integrated into an assortment of food and drink items, ranging from dairy, meat, fish, fruits, and vegetables to cereals and juices.
Who Are the Key Players in the Food Preservatives Market?
Major companies operating in the food preservatives market include:
• Kerry Group
• Dupont De Nemours Inc.
• Badische Anilin- und Sodafabrik SE
• Cargill Incorporated
• Celanese Corporation
• Corbion N.V
• Archer Daniels Midland Company
• Galactic SA
• Kemin Industries Inc.
• Koninklijke DSM NV
• Tate & Lyle PLC
• Brenntag Solutions Group Inc.
• Albemarle Corporation
• Univar Inc.
• Danisco A/S
• Hawkin Watts Ltd.
• ABF Ingredients Ltd.
• Ajinomoto Co Inc.
• Jungbunzlauer Suisse AG
• Grupo Bimbo SAB de CV
• Hansen Holding A/S
• Royal DSM NV
• Naturex SA
• DuPont Company
• Brenntag Inc.
• MAYASAN Food Industries AS
• BTSA Biotecnologías Aplicadas SL
• Siveele BV
• Kalsec Inc.
What are the Regional Insights into the Food Preservatives Market?
North America was the largest region in the food preservatives market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food preservatives market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
