Food Preservatives Market Growth Opportunities and Recent Developments

The global food preservatives market is expected to grow from USD 3.3 billion in 2021 to USD 4.0 billion by 2026, at a CAGR of 4.1% from 2021 to 2026.

Food preservatives are widely being used to enhance the shelf-life of processed food products. A trend nowadays in the food preservatives market is the increase in the use of natural preservatives derived from plants and animal sources. Earlier, synthetic preservatives were preferred, as they were effective. Recently, consumers have switched to foods that are preservative-free, natural, or organic food products. This is making the food industry to develop preservatives that are as good as natural ones. There is an increasing interest in the use of ingredients such as enzymes and live cultures to preserve food products which has developed the natural preservatives market.

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The chemical food preservatives segment of the food preservatives market is projected to account for the largest share, by type

The food industry always finds means to avoid food loss and spoilage. Being a prime target of species such as molds, Salmonella, Listeria, and Clostridium, food poisoning is an important consumer concern. Preservatives work by inhibiting such organisms via methods such as acidity, salt concentration, dehydration, and many others. Although natural preservatives have, in recent times, been the preferred option for the preservation of food products, chemical preservatives have long been the major category of food preservation additives in the industry. Small amounts of chemicals are usually a part of the formulation of processed food and beverage products. The primary intention behind the usage of chemical additives is the safety and quality of the product for consumption in terms of improved appearance and extended shelf life. With growing anxiety and concerns regarding health & wellness, food laws globally are trying to curb the usage of any form of additives unless specific regulations or codes permit their usage. Currently, synthetic additives seem to be the best and most feasible option to be used as food preservatives, considering the costs associated with natural preservatives.

The market for food preservatives application in meat, poultry and seafood products is projected to account for the largest share during the forecast period

Preservatives for meat are required on a large scale; this is because meat is very commonly consumed across the globe, and the consumption is high in major regions such as North America, Asia Pacific, Europe, and Latin America. The economy is rising in these regions, which has given consumers the opportunity to consume meat on a regular basis.

Decomposition of the meat sets in as soon as the blood ceases to pulse in the veins, thus making it preservation necessary until its consumption. The nature of preservation must be governed by circumstances such as the kind and quality of the meat to be preserved, time period, and climatic conditions, among other factors. While salt, vinegar, and alcohol are largely used as preservatives since ancient times, boric acid and borax, and solutions containing salicylic acid and sulfuric acid are experiencing increasing usage.

The antimicrobial food preservatives segment holds the largest share, by the nature of food preservatives market, across the globe

Antimicrobial agents also include compounds such as calcium propionate and sorbic acid, which are used in products such as baked goods, salad dressings, cheeses, margarines, and pickled foods. Antimicrobials are also currently employed as preservatives within the food industry to extend product shelf life, improve product safety, maintain product quality, reduce processing costs, and increase the ability to distribute products globally in complex supply chains. Due to consumer concerns about the use of synthetic additives, the market for synthetic antimicrobials is declining and being replaced with natural antimicrobials.

Asia Pacific is the fastest-growing market during the forecast period in the food preservatives market

Factors such as the large population and the growing demand for authentic ethnic flavors, the increasing popularity of convenience foods, and growing awareness of the medicinal properties of food preservatives are driving the North American market.

The Asia-Pacific food & beverages sector is greatly influenced by the consumer preference for healthy eating, the trend toward natural and organic foods, and the growing need for convenience food products. With emerging economies, growing industrialization, increasing demand for processed foods, and consumer preference for quality products, ingredient suppliers are becoming increasingly optimistic about the growth of the food & beverage industry. These trends and preferences have created a need for new additives in foods, despite the increasing awareness about the health hazards associated with synthetic food additives.

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Key players in this market include BASF SE (Germany), Kerry Group Plc (Ireland), Koninklijke DSM N.V. (Netherlands), Cargill, Incorporated (US), Kemin Industries, Inc. (US), IFF Nutrition & Biosciences (US), ADM (US). Tate & Lyle (UK), Lallemand Inc. (Canada), ITA 3 S.r.l (Italy), Foodchem International Corporation (China), Galactic (Belgium), Corbion (Netherlands), Celanese Corporation (US), and Jungbunzlauer Suisse AG (Switzerland). These players have focused on acquisitions to gain a larger market share in the food preservatives market.

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