Food Preservatives Market is Projected to Reach USD 4.23 Billion by 2030: Cognitive Market Research

Food Preservatives Market Overview:
What are Food Preservatives?
The food preservatives market refers to the industry that produces and sells chemical or natural substances that are added to food products to extend their shelf life, prevent spoilage, and maintain their quality and freshness. These preservatives can be added to various food products such as baked goods, dairy products, meat, poultry, seafood, and others. The food preservatives market also includes the research and development of new preservatives, as well as the distribution and marketing of these products to food manufacturers, processors, and retailers.

Summary:
As per the study of CMR, the Global Food Preservatives Market size was valued at USD 3.14 Billion in 2022 and will reach USD 4.23 Billion by 2030 and is expected to grow at a CAGR of 3.2% during the forecast period (2023-2030).

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Market Dynamics:
Food Preservatives Market Drivers:
Rapid urbanization, changing lifestyles, and increasing demand for processed and convenience food are one of the factors expected to drive market growth. Food preservatives play a crucial role in ensuring the safety and quality of these products which further supports the market growth.
Food preservatives help to extend the shelf life of food products, reducing food waste and increasing profitability for food manufacturers and retailers which significantly drives the growth of the market.
Food preservatives help to prevent bacterial growth and reduce the risk of foodborne illness which eventually drives the food preservatives market growth.

Food Preservatives Market Opportunities:
Consumers are becoming more concerned about the ingredients in their food and are seeking out products with clean labels. There is an opportunity to develop food preservatives that meet clean label criteria while still providing effective preservation, thus several factors will open up opportunities in the upcoming years.

Food Preservatives Market Restraints:
The use of food preservatives is highly regulated, and there may be restrictions on the types and amounts of preservatives that can be used in certain food products which may hamper the market growth.

Food Preservatives Market Segmentation:
Product:
• Natural
• Synthetic
• Others
Based on product, the natural segment has the largest revenue share in the food preservatives market. The widespread use of synthetic preservatives in the food preservation industry is attributed to a number of factors, including their extensive commercialization, accessibility, efficacy, and affordability. Synthetic preservatives hold a sizable market share in part because to lower R&D spending and laxer regulations in emerging markets.

Application:
• Meat, Poultry, and Seafood Products
• Beverages
• Confectionery
• Bakery Products
• Snacks
• Dairy and Frozen Products
• Fats and Oils
• Others

Function:
• Antimicrobials
• Antioxidants
• Others

Competitive Analysis of the Food Preservatives Market: Akzo Nobel, Danisco, Cargill, Univar, Koninklijke DSM, Celanese Corporation, DuPont, Archer Daniels Midland, ABF Ingredients, Kraft Food Ingredients, Brenntag Solutions Group, Tate & Lyle, Novozymes, Kemin Industries, Galactic, Hawkins Watts Limited, C.H. Guenther & Son, Kerry Group

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Food Preservatives Market Regional Analysis:
Europe accounted for the largest share of the food preservatives market.
Europe has the largest revenue share in the food preservatives market. The increase in preference for clean-label food items as a result of the consumer movement towards healthier food options has greatly fueled the market expansion for natural food preservatives in these nations. The region's fastest-growing nation was predicted to be Italy.

Food Preservatives Market News:
Kerry Group plc (Ireland) expanded its food manufacturing facilities with the newly upgraded facility in Rome, Georgia (March 2022)
Kerry Group plc (Ireland) increased the size of its food production facilities by adding the recently upgraded Rome, Georgia, facility. The largest food production facility ever built in the US cost a total of USD 141 million to build. In order to satisfy rising consumer demand in the chicken, seafood, and alternative protein industries across the US and Canada, this plant seeks to offer integrated flavor and nutrition solutions.

Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Food Preservatives Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Food Preservatives Market Segmentation
1.5.1 Food Preservatives Market Regional Fragmentation
1.5.1 Food Preservatives Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Food Preservatives Market
• 3.1 Global Food Preservatives Market Size 2018 - 2030, (USD Million)
• 3.2 Global Food Preservatives Value, Absolute & Opportunity Analysis
• 3.3 Global Food Preservatives Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Food Preservatives Market Statistics 2022: Snapshot
Chapter 4 Global Food Preservatives Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Food Preservatives Market by Product Segmentation Analysis (2018-2030)
Chapter 10 Global Food Preservatives Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Food Preservatives Market by Function Segmentation Analysis (2018-2030)
Chapter 12 Global Food Preservatives Market Regional Analysis
Chapter 13 North America Food Preservatives Market Outlook (2018 - 2030)
Chapter 14 Europe Food Preservatives Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Food Preservatives Market Outlook (2018 - 2030)
Chapter 16 Latin America Food Preservatives Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Food Preservatives Market Outlook (2018 - 2030)
Chapter 18 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)

To know more about The Food Preservatives Market TOC click here: https://www.cognitivemarketresearch.com/food-preservatives-market-report#table_of_contents

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Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.

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