Food Preservatives Market Size Drivers & Growth Opportunity Analysis Report 2023-2030 | BASF SE, Kerry Group Plc, Kemin Industries

The Food Preservatives Market is estimated for 2023 to 2030 for the forecast period, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Food preservatives are additives used to prevent spoilage of food products by microbial growth or physical, physiological, and biological factors. They help extend the shelf life of products such as dairy, meat, and packaged food without altering their taste or nutritional value.

Market Dynamics:

The growth of the food preservatives market is driven by the rising demand for processed and packaged foods due to hectic lifestyle and changes in food consumption patterns. According to data by the United Nations Food and Agriculture Organization (FAO), the per capita consumption of processed foods in low and middle-income countries increased from 73 kg in the year 2000 to 108 kg in 2018. Food preservatives allow minimum processing loss and enable long distance transportation of food products. Growing health awareness has also increased the demand for natural preservatives over synthetic variants.

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Top Companies Covered In This Report:

★ BASF SE
★ Kerry Group Plc
★ Kemin Industries Inc.
★ DuPont Nutrition & Biosciences
★ ADM
★ Foodchem International Corporation
★ Corbion
★ Celanese Corporation
★ Jungbunzlauer Suisse AG

Detailed Segmentation:

By Source:

★ Natural
★ Synthetic

By Functionality:

★ Anti-Oxidants
★ Anti-Microbial

By Applications:

★ Dairy Products
★ Meat, Poultry and Sea Food
★ Bakery
★ Beverages
★ Confectionery

Key Region/Countries are Classified as Follows:

◘ North America (United States, Canada, and Mexico)
◘ Europe (Germany, France, UK, Russia, and Italy)
◘ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
◘ South America (Brazil, Argentina, Colombia, etc.)
◘ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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Food Preservatives Market Drivers and Restrains: An Industry Analysis

Increasing Demand for Processed and Convenience Foods is Driving Market Growth:

With changing lifestyles and busy schedules, demand for processed and convenience foods that offer longer shelf life is on a rise. Food preservatives allow extending the shelf life of perishable foods without compromising on their taste and nutritional value. They prevent spoilage caused by microorganisms, oxidation, and other biological or chemical agents. This is a key factor fueling the demand for various preservatives such as salts, sulfur dioxide, sorbates, and nitrates/nitrites from the food industry.

Rising Health Concerns Related to Synthetic Preservatives are Hampering Market Expansion:

While food preservatives help meet the increasing demand for processed foods, the synthetic or artificial variants used conventionally are now facing scrutiny due to potential health issues. Some synthetic preservatives such as benzoates, sulfates, and nitrates have been linked to various illnesses including cancer. There is a growing consumer preference for clean label and organic products free from synthetic ingredients. Several regulatory agencies have imposed restrictions on the use of certain preservative variants. This is creating pressure on manufacturers to Shift towards natural preservatives. However, the high cost of natural extracts compared to synthetic chemicals continues to restrain broader acceptance of the former.

Growth in Organic and Clean Label Food Demand Present and Opportunity:

The concerns over artificial preservatives have led to burgeoning demand for organic and clean label foods. Consumers today closely scrutinize labels to avoid synthetic ingredients and instead prefer short ingredient lists with understandable and natural components. This fast growing trend provides opportunities for manufacturers of natural food preservatives. Companies offering preservatives derived from plant extracts and essential oils without comprising on effectiveness can leverage this lucrative space. Functional ingredients that also impart other nutritional benefits are likely to see strong uptake.

Increasing Use of Combination Preservation Method is a Key Trend:

To stay compliant with regulations while developing cost-effective preservation systems, food producers are increasingly exploring combination methods. These multi-hurdle techniques use synergies between varied preservation techniques to achieve longer shelf life. For instance, combining mild heating with lower doses of multiple natural preservatives provides robust protection without heavy reliance on any one ingredient. Technologies facilitating controlled release of preservatives also allow reducing quantities used. Focus on such integrated solutions offering sustainability and welfare promises significant growth prospects in the future market scenario of food preservatives.

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Key Questions Answered in This Report on Food Preservatives Market

• How much revenue will the global Food Preservatives Market generate by the end of the forecast period?

• What regions currently contribute the maximum share to the overall global market?

• What are the indicators expected to drive the global Food Preservatives Market?

• Which region is likely to be a lucrative market during the forecast period?

• What are the essential strategies incorporated by key stakeholders in the global Market to expand their geographical presence?

• What are the major advancements witnessed in the global Food Preservatives Market?

• This report answers these questions and more about the global Market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.

Some of the Major Points of TOC cover:

Chapter 1: Techniques & Scope

1.1 Definition and forecast parameters
1.2 Methodology and forecast parameters
1.3 Information Sources

Chapter 2: Latest Trends Summary

2.1 Regional trends
2.2 Product trends
2.3 End-use trends
2.4 Business trends

Chapter 3: Food Preservatives Market Insights

3.1 Market fragmentation
3.2 Market landscape
3.3 Vendor matrix
3.4 Technological and Innovative Landscape

Chapter 4: Food Preservatives Market, By Region

Chapter 5: Company Profiles

5.1 Company Overview
5.2 Financial elements
5.3 Product Landscape
5.4 SWOT Analysis
5.5 Systematic Outlook

Chapter 6: Assumptions and Acronyms

Chapter 7: Research Methodology

Chapter 8: Contact (Continue . . .)

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About Us:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

This release was published on openPR.