Food Preservatives Market to Reach $3.1 Billion by 2032, Driven by Rising Demand for Natural and Processed Foods - Reports and Data

The Global Food Preservatives Market is experiencing significant growth, with the market size projected to reach USD 3.1 billion by 2032, representing a revenue CAGR of 3.9% during the forecast period. One of the primary drivers of this growth is the rising demand for food items with longer shelf lives, as consumers increasingly seek out foods that are easy to eat and store. This trend is being fueled by a range of factors, including evolving lifestyles, hectic schedules, and expanding urbanization.
Food preservatives play a crucial role in preserving the quality, freshness, and flavor of food products while also extending their shelf life. As such, the market for food preservatives is expanding rapidly, with the rising demand for natural and organic preservatives being a key growth driver. As consumers become more aware of the potential health risks associated with synthetic preservatives, the demand for natural and organic options is expected to increase significantly over the projected period. This trend is expected to drive growth in the market for natural and organic food preservatives.
Another significant factor driving the market for food preservatives is the growing use of preservatives in the processed food sector. The processed food business is expanding rapidly due to factors such as shifting consumer lifestyles, rising disposable incomes, and expanding urbanization. Preservatives are widely used in processed foods to help retain their quality and increase their shelf life, which is driving growth in the food preservatives market.

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Major Companies:

Celanese Corporation, Cargill, Incorporated, Kerry Group, BASF SE, DuPont de Nemours, Inc., Koninklijke DSM N.V., Kemin Industries, Inc., Innophos Holdings, Inc., Tate & Lyle PLC, Eastman Chemical Company, and ADM.

Food Preservatives Market: Notable Innovation

In recent years, the food preservatives market has witnessed notable innovation as companies seek to develop more natural and sustainable solutions. One such innovation is the use of plant-based preservatives. For example, in 2021, Kerry Group launched a range of plant-based food protection solutions for meat and poultry products. These solutions can enhance food safety and shelf-life while maintaining the natural characteristics of the meat products. Similarly, Kemin Industries introduced NaturFORT, a line of plant-based food preservatives derived from natural sources.
Another notable innovation is the use of clean-label and natural preservatives. DuPont de Nemours, for instance, introduced a range of natural and clean-label solutions that include natural antimicrobials, antioxidants, and cultures to maintain food freshness and extend shelf-life. DSM N.V. also launched PreventASe, a range of natural preservation solutions that use clean-label ingredients to preserve food products and extend their shelf-life.
The development of non-leaching technology in antimicrobial solutions is also an innovative trend in the food preservatives market. Celanese Corporation's VitalShield line of antimicrobial solutions uses non-leaching technology to provide long-lasting protection against harmful bacteria and other microorganisms in food packaging and processing equipment. This innovation is aimed at reducing the need for synthetic preservatives while improving food safety and quality.

Strategic Development:

Several companies in the food preservatives market have made significant strategic developments to expand their product offerings and strengthen their market positions. In 2021, Kerry Group expanded its clean-label range by introducing a range of plant-based food protection solutions for meat and poultry products. The range includes plant-based solutions that can enhance food safety and shelf-life while maintaining the natural characteristics of meat products.

DuPont de Nemours, Inc. also announced in 2020 that it was expanding its food protection portfolio by introducing a new range of natural and clean-label solutions. The range includes natural antimicrobials, antioxidants, and cultures that can help maintain food freshness and extend shelf-life. This move was aimed at meeting the growing demand for clean-label products and strengthening DuPont's position in the global food preservatives market.

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Type Outlook (Revenue, USD Billion; 2022 - 2032)

• Natural
• Chemical

Function Outlook (Revenue, USD Billion; 2022 - 2032)

• Antimicrobial
• Antioxidant
• Others

Application Outlook (Revenue, USD Billion; 2022 - 2032)

• Bakery & Confectionary
• Beverages
• Dairy & Frozen Products
• Meat, Poultry & Seafood
• Oil & Fats
• Snacks
• Others

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