Upcoming Growth Trends in the Food Preservatives Market

The global Food Preservatives Market size was valued at US$ 3.3 billion in 2021 and is projected to reach US$ 4.0 billion by 2026 at a CAGR of 4.1% from 2021 to 2026.

The food preservatives market is dominated by North America and Asia-Pacific. North America is estimated to account for the maximum market share of the global food preservatives market due to advancements seen in the food industries. Consumers in North America are more health-conscious due to awareness and health campaigns run by various organizations.

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Increasing demand for convenience food products, extended shelf life, and multi-functionality of natural preservatives are driving the food preservatives market. Few restraints are natural preservatives replacing chemicals and high cost of natural preservatives.

The food preservatives market is highly fragmented; hence, there are numerous players in the market offering a wide range of products; the major food preservatives manufacturers 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.

Koninklijke DSM N.V. is a Dutch multinational corporation engaged in the production of nutritional and pharmaceutical ingredients and industrial chemicals. It operates through four major segments: nutrition, material, innovation center, and corporate activities. The nutrition segment of the company comprises DSM Nutritional Products and DSM Food Specialties. DSM Food Specialties operates as a subsidiary and is a producer of a wide variety of preservatives that find applications in bakery, dairy, meat, and beverage products.

Cargill, Incorporated is a privately-owned company involved in the manufacture and marketing of food, agricultural, financial, and industrial products & services. The company's key business segments include specialty food ingredients & applications and bulk ingredients. It offers food ingredients through the food & beverage ingredients business segment. The company offers a wide variety of acidulants that are used as preservatives in the food and beverage industry.

BASF SE is a German multinational company that operates through six broad business segments: chemicals, materials, industrial solutions, surface technologies, nutrition & care, and agricultural solutions. The company provides propionic acid pure for food preservation and other products for feed preservation.

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Ever since its inception, BASF has given increased focus and attention to innovations and has many innovation campuses across the world. The BASF Group comprises subsidiaries and joint ventures in more than 100 countries and operates six integrated production sites and 390 other production sites in Europe, Asia, Australia, the Americas, and Africa.

Mr. Aashish Mehra
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