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Preserving the Future: Exploring the Global Food Preservatives Market

02-12-2024 11:11 AM CET | Food & Beverage

Press release from: SNS Insider

/ PR Agency: SNS Insider
Food Preservatives Market

Food Preservatives Market

The food preservatives market is experiencing a notable shift towards naturally derived preservatives, driven by evolving consumer preferences for natural and organic products. This shift reflects a broader trend towards healthier and more sustainable food choices.

The food preservatives market is witnessing significant growth due to the increasing demand for processed and packaged food products. With the busy lifestyles of consumers, there is a growing need for convenience foods that have a longer shelf life. Food preservatives play a crucial role in extending the freshness and preventing spoilage of these products.

One of the key factors driving the food preservatives market is the rising awareness about food safety and hygiene among consumers. People are becoming more conscious about the quality and safety of the food they consume, leading to an increased demand for preservatives that can prevent bacterial growth and maintain product integrity.

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Key Players:

Kerry Group, Food chem International , Kemin industries, BASF SE, Cargill, Jungbunzlauer Suisse AG, Galactic, Tate & Lyle, IFF Nutrition and Bio sciences, ADM.

Market Size-

The SNS Insider report indicates that the Food Preservatives Market was valued at USD 3.47 billion in 2022, and it is projected to achieve a market size of USD 5.30 billion by 2030, with a compound annual growth rate (CAGR) of 5.41% expected over the forecast period from 2023 to 2030.

Market Report Scope -

Food Preservatives Market's Acquisitions and partnerships are being driven on the market by an increasing demand for natural preservatives. Increasing emphasis is being placed on the inclusion of Natural and Clean Label ingredients in food products. The demand for preservatives which comply with particular standards is driven by strict food safety and permitted additives regulations. Compliance with these regulations is essential to the functioning of the market.

By Type:
• Natural
• Synthetic
By Application:
• Meat & poultry
• Seafood
• Snacks
• Bakery and dairy products
• Fruit
• Vegetables
• Beverages
By Source:
• Plant
• Microbial
• Mineral
• Animal
By Product Type:
• Microbial Derived
• Nisin, Natamycin
• Rosemary Extract
• Botanical Extracts
• Natural Acids
• Salts
By Form:
• Powder
• Liquid
By End-Use Industries:
• Foods & Beverages
• Pharmaceutical
• Textiles
• Petrochemicals
• Adhesives

Market Growth Factors -

The Food Preservatives Market is being influenced by the increasing availability of naturally derived preservatives. The shift from synthetic preservatives could be driven by increasing consumer preference for natural and organic alternatives. To take advantage of these new preferences, market players are offering innovation and natural preservatives or experimenting with new preservation techniques to gain an edge on the market.

Segmentation Analysis -

In 2023, the largest revenue share was held by conventional food preservatives with 67.9%. The use of conventional food preservatives alone or in combination with other preservation methods is permitted. Antioxidants, which are used as oxygen absorbing or antimicrobial preservatives that inhibit the growth of fungi and bacteria, constitute a large part of conventional preservative products. Due to several outbreaks, including E. coli and Salmonella, the number of product recalls in the U.S. and other countries is increasing substantially. In 2023, the market for Synthetic Food Preservatives accounted for more than 69.0% of global food preservative revenues. As it is economical and easy to formulate, the synthetic type is widely used. Depending on the requirements of the application, they may be formulated. The market is divided on the basis of type as follows: natural and artificial.

Key Regional Development -

The largest revenue share of more than 30% in 2023 was held by the food preservative market in North America. In the United States, Canada and Mexico there has been a growth in different uses of this product on the North American market. Growth is expected to be stimulated by the fact that there are sufficient stores of bakery products and an increase in consumption of unprocessed meat.

The expansion of the market in the Asia Pacific over the next few years is expected to be supported by the growing working population and consumer preference for ready to eat products. The Asia Pacific food preservatives market is expected to grow at a compound annual growth rate of 6.8% from 2024 to 2030, making it the most rapidly expanding region in the world.

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Key Takeaway's-

In order to prevent the deterioration of foods and medicinal products, food preservatives are natural or artificial substances used. They maintain freshness and shelf life, preventing spoilage from microbial growth or undesirable chemical changes. Preservatives, such as pickled onions, salted meat, sweetened fruit, and spiced foods, have been used for centuries. Preservatives help to avoid adulteration due to exposure to air, moisture, bacteria and mold because of increased demand for foodstuffs.

Get complete report details @ https://www.snsinsider.com/reports/food-preservatives-market-1345

Recent Developments -

BioVeritas, a Texas startup company, developed an inhibitor of cleanlabel mold in July 2023 through its proprietary fermentation and recycling process. In order to preserve the flavor and texture of baked goods, an inhibitor derived from biomass has been shown to be as effective as traditional petrochemical based upcycled ingredients. The company is seeking GRAS status and intends to set up its first commercial plant in 2026, targeting The North American baked goods industry.

A new clean label antioxidant ingredient, VegStable, was introduced by Florida Food Products in January 2022. Fresh, at the International Production and Processing Expo. The solution aims at addressing the growing demand for natural food preservatives in the meat and poultry sectors through plant-based solutions. VegStable Fresh is reflecting the trend toward cleaner, more naturally derived ingredients in food preservatives with advantages such as longer shelf life and prevention of rancidities.

Table of Contents

• Introduction
• Research Methodology
• Market Dynamics
• Impact Analysis
• COVID-19 Impact Analysis
• Impact of Ukraine- Russia war
• Impact of Ongoing Recession on Major Economies
• Value Chain Analysis
• Porter's 5 Forces Model
• PEST Analysis
• Food Preservatives Market Segmentation on the basis of Type:
• Food Preservatives Market Segmentation on the basis of Application:
• Food Preservatives Market Segmentation on the basis of Source
• Food Preservatives Market Segmentation on the basis of Product Type
• Food Preservatives Market Segmentation on the basis of Form
• Food Preservatives Market Segmentation on the basis of  End Use Industries
• Regional Analysis
• Company Profile
• Competitive Landscape
• USE Cases and Best Practices
• Conclusion

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Akash Anand - Head of Business Development & Strategy
info@snsinsider.com
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)
Website: https://www.snsinsider.com
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SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

Our staff is dedicated to giving our clients reliable information, and with expertise working in the majority of industrial sectors, we're proud to be recognized as one of the world's top market research firms. We can quickly design and implement pertinent research programs, including surveys and focus groups, and we have the resources and competence to deal with clients in practically any company sector.

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