Press release
Food Preservatives Market Size, Share & Industry Growth Report, Forecast 2024 - 2031 | BASF SE, Kerry Group Plc, Kemin Industries
Food Preservatives Market
Food preservatives are additives used to prevent or retard spoilage of food products by microbial growth or physical, physiological, or biological factors. Various natural and synthetic food preservatives are used widely in different food products such as bakery, dairy, meat, and others to enhance shelf life without affecting taste or nutritional value.
Market Dynamics:
The food preservatives market is witnessing high growth owing to increasing demand for processed and packaged food products across the globe. According to data by UN Food and Agriculture Organization, the worldwide food processing industry accounted for revenues exceeding US$ 4 trillion in 2020 and is expected to grow at over 4% annually till 2025. Processed food products such as canned food, snacks, packaged meat and seafood require extensive use of various preservatives to prevent microbial contamination and food spoilage. Further, rising health consciousness and changes in lifestyle and food habits have boosted demand for fresh and minimally processed food products that also utilize preservatives to maintain quality and safety during storage and transportation. Growing food retail industry is another factor augmenting growth of the global food preservatives market during the forecast period.
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Increased Consumption of Processed and Packaged Foods Pushing Demand for Food Preservatives
The growing consumption of processed and packaged food items is one of the key factors propelling the food preservatives market growth. With changing lifestyles and busy schedules, consumers prefer ready-to-eat food products that have a longer shelf life. Food manufacturers rely heavily on various chemical and natural preservatives to extend the shelf life of processed food without refrigeration. The flourishing processed food industry worldwide is augmenting the need for various antibacterial, antimicrobial, and antioxidants preservatives.
Rising Health Concerns Regarding Synthetic Food Preservatives
Although food preservatives help increase the shelf life of products, certain synthetic varieties used widely by the food industry have raised health concerns in recent years. For example, sulphur dioxide and nitrates/nitrites, commonly used preservatives, are suspected carcinogens that may increase cancer risk over long term exposure and consumption. The growing awareness about the potential ill effects of synthetic food preservatives is prompting consumers to look for cleaner label and natural alternatives. Many countries have even banned certain synthetic food preservatives due to toxicity issues. The rising skepticism about synthetic food preservatives poses a challenge for their manufacturers.
Growing Demand for Natural and Clean Label Food Preservatives
The increasing consumer preference for ingredients they can recognize and pronounce is opening up opportunities for natural food preservatives. Clean label movement is compelling food companies to replace chemical preservatives with natural alternatives that have fewer perceived health risks. As a result, the demand for natural antimicrobials and antioxidants from sources like rosemary, oregano, cloves, cinnamon, thyme and salt is witnessing strong growth. Their effectiveness and safety profile provide a competitive edge over synthetic preservatives. Leading food ingredient producers are innovating novel natural preservative formulations to meet the clean label trend in the food industry.
Shift Towards Organic and Minimally Processed Food
Another important trend in the food industry is the rising popularity of organic, fresh, and minimally processed whole foods. As people become more health-conscious, the demand for fresh produce and products with fewer artificial ingredients is mounting. Some studies also link preservatives to digestive issues in sensitive individuals. This switch towards fresher food options that require limited or no preservatives presents a potential challenge for the food preservatives market. Manufacturers may need innovative solutions to help food brands formulate organic and clean label products with an extended shelf life.
Top Companies Featured in This Report:
★ BASF SE
★ Kerry Group Plc
★ Kemin Industries Inc.
★ DuPont Nutrition & Biosciences
★ ADM
★ Foodchem International Corporation
★ Corbion
★ Celanese Corporation
★ Jungbunzlauer Suisse AG
★ Cargill Inc.
★ Kemin Industries Inc.
★ ADM
★ Tate & Lyle
★ Koninklijke DSM N.V.
★ Galactic S.A.
★ Givuadan SA.
★ Mane Kancor Ingredients Pvt. Ltd.
★ Synthite Industries Ltd.
★ International Flavors & Fragrances Inc.
★ Arjuna Natural
Market Segmentation:
By Product Type:
★ By Source: Natural and Synthetic
★ By Functionality: Anti-Oxidants and Anti-Microbial
By Applications:
★ By Application: Dairy Products, Meat, Poultry and Sea Food, Bakery, Beverages, Others (Confectionery, etc.)
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
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Impact of the Food Preservatives Market Report:
Thorough evaluation of all opportunities and risks in the Food Preservatives market.
Analysis of recent innovations and significant events in the Food Preservatives market.
Comprehensive examination of business strategies employed by leading players to foster growth in the Food Preservatives market.
Definitive assessment of the growth trajectory of the Food Preservatives market for the coming years.
Detailed insight into the specific drivers, constraints, and key micro markets within the Food Preservatives market.
Understanding the influence of crucial technological advancements and the latest market trends shaping the Food Preservatives market.
The report offers insights on the following aspects:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Analysis of Food Preservatives Market Competition Landscape by Players
Chapter 4: Assessment of Food Preservatives Market Size by Type and Application
Chapter 5: Global and Regional Analysis
Chapter 6: Company Profiles, recent developments, and investments
Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors
Chapter 8: Evaluation of Value Chain and Sales Channels, including breakthrough product developments
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology/Research Approach
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Ultimately, the Food Preservatives Market report serves as a reliable source for market research, essential for significantly boosting your business. It provides crucial insights into market dynamics such as regional economic conditions, product pricing, profitability, production, supply, demand, market growth rate, and forecasts. Additionally, the report includes a SWOT analysis, investment feasibility assessment, and return on investment analysis for new projects.
Should the report above not fully align with your requirements, we offer customized research services tailored to your specific needs. Our custom research will comprehensively cover the business information necessary for making strategic and profitable decisions.
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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.
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