Press release
Food Preservatives Market Size, Share, Growth, Trends and Forecast 2023-2028
Food preservatives are added to prevent food spoilage caused by the growth of bacteria, molds, fungi, and yeast. They include sugar, table salt, vegetable oil, vinegar, sodium nitrate (NaNO3), sodium propionate (C3H5NaO2), and sodium benzoate (C6H5COONa). They are non-toxic, readily soluble, do not impart off-flavors, and exhibit antimicrobial properties. They aid in preventing changes in the food color, flavor, and texture and assist in delaying rancidity and extending its shelf-life. At present, food preservatives are extensively used in meat and poultry, bakery, dairy, beverages, and snacks across the globe.
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Food Preservatives Market Trends and Drivers:
The growing working population and increasing demand for convenience food items that need minimal preparation time currently represent one of the key factors positively influencing the market. In addition, shifting consumer preferences towards hygienically packed food and the escalating demand for food products with a longer shelf life are strengthening the market growth. Apart from this, the rising focus on using natural preservatives, such as plant extracts, chitosan, bacteriocins, bioactive peptides, and essential oils, is offering lucrative growth opportunities to market players for increasing their consumer base. Other factors, including the thriving e-commerce sector and the growing accessibility of packed food products, are stimulating the market growth worldwide.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
Natural
Edible Oil
Rosemary Extracts
Natamycin
Vinegar
Others
Synthetic
Propionates
Sorbates
Benzoates
Others
Breakup by Function:
Anti-Microbial
Anti-Oxidant
Others
Breakup by Application:
Meat and Poultry
Bakery
Dairy
Beverages
Snacks
Others
Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape with Key Player:
Albemarle Corporation
Archer Daniels Midland Company
BASF SE
Cargill Incorporated
Celanese Corporation
Corbion N.V.
Dupont De Nemours Inc.
Galactic S.A.
Jungbunzlauer Suisse AG
Kemin Industries Inc.
Koninklijke DSM N.V.
Tate & Lyle PLC.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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