openPR Logo
Press release

Food Preservatives Market Size, Share, Growth Opportunities, Top Manufacturers, Trends, Key Segments, and Forecast to 2028

06-21-2024 04:10 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ABNewswire

MarketsandMarkets™

Food Preservatives Market by Function (Antimicrobials, Antioxidants), Type (Synthetic Preservatives and Natural Preservatives), Application, and Region ( North America, Europe, Asia-Pacific, Middle-East Africa) - Global Forecast to 2028
The [https://www.prnewswire.com/news-releases/food-preservatives-market-worth-3-9-billion-by-2028--exclusive-report-by-marketsandmarkets-301791539.html] was valued at US$ 3.3 billion in 2022 and is poised to grow from US$ 3.4 billion in 2023 to US$ 3.9 billion by 2028, growing at a CAGR of 3.0% in the forecast period (2023-2028). Food preservatives are substances added to food products to extend their shelf life and prevent spoilage. They work by inhibiting the growth of bacteria, fungi, yeasts, and other microorganisms that can cause foodborne illnesses or degradation. Preservatives are commonly used in processed and packaged foods, as well as in some homemade and commercially produced items. The food preservatives industry is experiencing growth due to the increasing demand for processed foods, higher meat consumption, and the need for products with longer shelf lives. Innovations in natural preservatives are also contributing to industry growth, driven by the demand for clean-label ingredients in the European and North American markets.

Image: https://www.marketsandmarkets.com/Images/food-preservatives-market20.jpg

Food Preservatives Market Drivers [https://www.globenewswire.com/en/news-release/2023/06/19/2690334/0/en/Food-Preservatives-Market-Size-worth-3-9-billion-Growing-at-a-CAGR-of-3-0-Report-by-MarketsandMarkets.html]: Growing demand for food products with an extended shelf life

With the increasing trend of urbanization and global employment, consumer lifestyles and eating habits have undergone significant changes. As a result, there is a growing demand for food products that are easy to prepare, convenient to consume, and have extended shelf lives. Food preservatives are essential in prolonging the shelf life of food while maintaining its freshness. Consequently, the demand for food preservatives has surged in the food and beverage industry, as they offer manufacturers benefits in terms of efficient storage and cost-effectiveness. Additionally, the post-COVID-19 era has seen a rise in health consciousness, which has boosted the popularity of natural preservatives like citric acid and rosemary extracts, further driving the growth of the overall market.

By function, antimicrobials are anticipated to dominate the market during the forecast period.

The market is categorized by function into antimicrobials, antioxidants, and other functions. Antimicrobials are expected to lead the market throughout the forecast period. The increasing demand for frozen food products is a key factor. Packaged foods, when stored for extended periods, are highly susceptible to microbial spoilage due to variations in temperature, moisture, and pH levels. The use of antimicrobials, including nitrites, nitrates, and sulfur dioxide, helps prevent food degradation. This is driving the dominance of antimicrobials in the food preservatives market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=420

North America is projected to be the largest region in the food preservatives market, in 2022; it is anticipated to grow at a significant CAGR

North America has always been a prime market for the processed food industry due to its high consumption of packaged and ready-to-eat foods. Additionally, it is one of the largest exporters of meat and meat products. These food items require the use of food preservatives to ensure longer shelf life. Consequently, the demand for food preservatives in the region is significant, driven by the high demand for meat exports and processed foods. Furthermore, North America boasts a well-established food and beverage industry, with major players like PepsiCo (US), McCain Foods Limited (Canada), and Tyson Foods (US) leading the market.

[https://www.marketsandmarkets.com/ResearchInsight/food-preservatives-market.asp]

The key players in this market include Cargill, Incorporated (US), Kerry Group plc (Ireland), ADM (US), DSM (Netherlands), and, Kemin Industries Inc. (US).

Cargill, Incorporated (US)

Cargill, Incorporated (US) is one of the leading food preservative companies across the globe. The company's key business segments consists of specialty food ingredients & applications and bulk ingredients. Preservatives are provided through the Food & Beverage ingredients business segment. The business provides a variety of acidulants used as preservatives in the food and beverage industry. The company adopts various growth strategies and strongly focuses on research and development. The company's research & development centers are located in Europe and North America, and it provides services in Africa, Europe, Asia, Latin America, North America, and the Middle East.

DSM (Netherlands)

DSM (Netherlands) is a multinational corporation engaged in the production of nutritional and pharmaceutical ingredients and industrial chemicals. The company has four major segments: Animal Nutrition and Health, Health, Nutrition and Care, Food & Beverage, and Others. The company has its major focus on its R&D activities. It has its global presence in North America, Europe, Asia Pacific, South America and the Middle East.

ADM (US)

ADM (US) provides preservatives under its human nutrition segment, which is a subsegment of Nutrition. It operates through four major segments: Agricultural Services, Oilseeds, Carbohydrate Solutions, and Nutrition. It operates through processing and manufacturing facilities across the US and worldwide its presence in around 190 countries and is globally present in Europe, Asia Pacific, South America, Middle East and North America.

Kerry Group plc (Ireland)

Kerry Group plc (Ireland) is a prominent producer of food ingredients and flavors. The company manufactures and markets food ingredients and flavors for the food, beverage, and pharmaceutical industries. It majorly operates through two business segments: Taste & Nutrition and Consumer Foods. It It places a heavy emphasis on R&D, with over 1,000 R&D scientists working toward innovations.Kerry supplies its products in around 150 countries across Europe, the Middle East, Africa (EMEA), the Americas, and Asia Pacific and has 149 manufacturing facilities in 31 countries.

Key Questions Addressed by the Food Preservatives Market Report [https://www.marketsandmarkets.com/Market-Reports/food-preservatives-market-420.html]:

How big is the food preservatives market?

Which players are involved in the manufacturing of food preservatives market?

What is the future growth potential of food preservatives market?

What are the different types of food preservatives?

Book a meeting with our experts to discuss your business needs: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=420

About MarketsandMarkets Trademark

MarketsandMarketsTM has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets Trademark is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore Trademark (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Media Contact
Company Name: MarketsandMarkets Trademark Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=food-preservatives-market-size-share-growth-opportunities-top-manufacturers-trends-key-segments-and-forecast-to-2028]
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/food-preservatives-market-420.html



This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Food Preservatives Market Size, Share, Growth Opportunities, Top Manufacturers, Trends, Key Segments, and Forecast to 2028 here

News-ID: 3547500 • Views: …

More Releases from ABNewswire

Blue Atlas Marketing Continues to Excel with Turnkey Trade Show Marketing Services for Industrial Companies
Blue Atlas Marketing Continues to Excel with Turnkey Trade Show Marketing Servic …
Blue Atlas Marketing excels in providing comprehensive trade show marketing services for industrial companies. Leveraging extensive experience and industry knowledge, they effectively address unique challenges and opportunities, consistently delivering outstanding results that enhance trade show presence and drive significant marketing growth. Houston, TX - Blue Atlas Marketing, a leader in digital marketing solutions, continues to set the standard with its all-inclusive turnkey trade show marketing services for industrial companies. With years…
Prime Dumpster Unveils Premium Event-Ready Portable Restrooms, Elevating Guest Comfort and Cleanliness
Prime Dumpster Unveils Premium Event-Ready Portable Restrooms, Elevating Guest C …
Prime Dumpster is a renowned facilitator in the event and construction rental industry, offering tailored services to meet the needs of diverse projects. They specialize in providing high-quality rental equipment, including portable restrooms and dumpsters, ensuring top-level service and customer satisfaction for every event. Prime Dumpster is excited to announce the expansion of their service offerings with the addition of premium event-ready portable restrooms. These portable restrooms are designed to provide…
CredentialCheck: Ensuring Safe Manufacturing Environments with Background Checks
CredentialCheck: Ensuring Safe Manufacturing Environments with Background Checks
Background checks [https://credentialcheck.com/manufacturing?hsLang=en] are pivotal in ensuring the manufacturing sector can safely and securely meet unique challenges. CredentialCheck's commitment to crafting safer workplaces has recently highlighted the importance of comprehensive screening in the manufacturing industry. With specialized screening services, they ensure that every potential hire is thoroughly vetted, thereby reducing the risk of workplace violence and protecting high-value manufacturing equipment and sensitive company data. Manufacturing environments require unwavering attention to security…
Trump Media (NASDAQ: DJT) Soaring After Assassination Attempt; Bullish Sentiment on Small Caps: PRSO, VTAK, DYAI, INBS
Trump Media (NASDAQ: DJT) Soaring After Assassination Attempt; Bullish Sentiment …
July 15, 2024 - In an unprecedented surge, Trump Media & Technology Group (NASDAQ: DJT) saw its stock price skyrocket in pre-market trading today, following news of an assassination attempt on former President Donald Trump. The attempted attack, which occurred late last night, has not only brought a wave of sympathy but also renewed investor interest in Trump-associated enterprises. The former President, who is also a key figure in the company,…

All 5 Releases


More Releases for America

Waterproof Labels Market Outlook, Supportive Judgments | SATO America, LANGGUTH …
Report Ocean recently published a new report on the Global Waterproof Labels Market. The study has an in-depth analysis of the forecast period from 2021-2025. The report reveals a comprehensive picture of the Waterproof Labels Market situation, taking into consideration all major trends, market dynamics, and competitive factors. Additionally, the report contains key statistics concerning the Waterproof Labels Market situation of the leading key players, key market trends, and potential…
Textiles Market Analysis Report, Regional Outlook - Europe, North America, South …
Adroit Market Research has announced the addition of the “Global Textiles Market Size Status and Forecast 2025”, The report classifies the global Textiles in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report studies the global Textiles Speaker market, analyzes and researches the Textiles Speaker development status and forecast in Europe, North America, Central America, South America, Asia Pacific…
Blow Molding Machinery Market Analysis Report, Regional Outlook - Europe, North …
Adroit Market Research has announced the addition of the “Global Blow Molding Machinery Market Size Status and Forecast 2025”, The report classifies the global Blow Molding Machinery in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report studies the global Blow Molding Machinery Speaker market, analyzes and researches the Blow Molding Machinery Speaker development status and forecast in Europe,…
Global Gaucher Disease Market 2018 Covering North America, South America, Europe
Gaucher Disease Market Summary The Global Gaucher Disease Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. The key players are continuously focusing on expanding their geographic reach and broadening their customer base, in order to expand their product portfolio and come up with new advancements. Gaucher Disease market size to maintain the average annual growth…
Epigenetics Market by End Users, and by Geography North America, Latin America, …
Increasing research to study the epigenetics of the genome (study called epigenomics) is expected to boost growth of the epigenetics market over the forecast period. Genome-wide epigenetic studies play an important role in the diagnostics of human diseases. Moreover, implementation of epigenetics for oncology research is estimated to propel the growth of epigenetics market. For instance, Constellation Pharmaceuticals, in April 2018, invested US$ 100 million for development of cancer epigenetics…
Spas and Beauty Salons Market - South America, Central America and North America …
Consumers’ changing perception towards personal care coupled with continuous strive to improve general well-being are generating a positive impact on the spas and beauty salons industry. Growing consumer need to improve personal appearance and well-being has increased the demand for wellness solutions. Spa centers and beauty salons, in order to meet the increasing demand for unique spa and beauty services, are constantly striving to improve their services by focusing on…