Green Preservatives Market Vendor and Technology Assessment Report 2024-2031

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Green Preservatives Market- (By Application (Food and Beverages, Pharmaceutical, Cosmetics, Cleaning Industry and Others); By Type (Natural Preservative, Essential Oil, Organic Acid, Synthetic and Others)), By Region, Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Green Preservatives Market is valued at US$ 1.25 Bn in 2023, and it is expected to reach US$ 2.06 Bn by 2031, with a CAGR of 6.68% during the forecast period of 2024-2031.

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Green preservatives are derived from natural sources, including plants, essential oils, minerals, and other organic elements, offering a sustainable and eco-friendly alternative to traditional preservatives. They are, therefore, environmentally friendly, safe, and abundant in nature. Due to the growing adoption of green preservatives owing to eco-consciousness, perceived safety, and association with consumer preference are expected to increase in the coming years. Growing adoption of eco-friendly alternatives to synthetic preservatives and safe, organic, and clean-label products are the other factors expected to boost the growth of the global green preservatives market.

Moreover, shifting consumer preference towards green and sustainable products, growing health consciousness, eco-awareness, and high disposable income are factors expected to create potential revenue opportunities for players operating in the global green preservatives market. High investments by major players and new advancements for developing various end-use products have created lucrative revenue opportunities for major manufacturers and suppliers of green preservatives. Favorable government initiatives to promote the use of green preservatives owing to health consciousness and other environmental concerns are expected to support the growth of the target market.

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List of Prominent Players in the Green Preservatives Market:
• Kerry Group plc.
• Kemin Industries, Inc.
• Corbion
• LANXESS
• Ashland
• International Flavors & Fragrances Inc.
• Dow
• dsm-firmenich
• Symrise
• Givaudan
• CLARIANT
• BASF SE
• Croda International Plc
• Evonik Industries AG
• Lonza
• Others

Market Dynamics:
Drivers:
Growing demand for green preservatives owing to their properties, such as safe, organic, and clean labels, etc., is a key factor expected to drive growth of the target market. Increasing demand for green preservatives in producing intermediate chemical products is another factor expected to contribute significantly to global green preservatives market revenue share. Additionally, the rising demand for green preservatives in packaging materials due to their properties, such as safe, organic, low production cost, and others, is a factor expected to augment the growth of the global green preservatives market.

Challenges:
The prime challenge is the lack of awareness and commercialization regarding natural products in developing countries, which is predicted to reduce the growth of the green preservatives market. However, the high cost of green preservatives and the availability of synthetic Preservatives are factors expected to hamper the overall growth of the green preservatives market over the coming years. Owing to the COVID-19 pandemic, the number of cases has been increasing, which led to a global or partial shutdown to maintain social distancing. According to a recent update, the industries are facing unprecedented economic losses due to disruptions in global supply chains for key players operating in the global green preservatives market. Distributors, suppliers, and retailers have inventory but can't sell, and manufacturers have to stop production to deal with the shutdown.

Regional Trends:
The North America green preservatives market is expected to register a major market share in terms of revenue and is projected to grow at a high CAGR in the near future. Growing adoption of green preservatives, increasing industrialization, coupled with increasing R&D activities by prominent players are factors expected to proliferate the growth of the green preservatives market in the region. Besides, Europe had a substantial share in the market due to its developed economy and growing adoption of the product. This is due to the adoption of new strategies by the major players in the green preservatives market. Moreover, the presence of key market players and increasing collaboration among major players for market penetration in the region provides the opportunity for growth of the global green preservatives market.

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Recent Developments:
• In July 2023, a Texas-based organization called BioVeritas created a clean-label mold inhibitor by using a patented fermentation and up-cycling method. It has been demonstrated that the inhibitor, which is made from recycled biomass, is just as successful at maintaining the taste and texture of baked goods as conventional additives based on petro Preservatives. With an eye toward the North American baked products market, the company intends to open its first commercial plant in 2026 and is currently pursuing GRAS status. Additionally, BioVertitas is working with international ingredient and food producers and is investing in uses for its ingredients in processed meat and food.

Segmentation of Green Preservatives Market
Green Preservatives Market- By Application
• Food and Beverages
• Pharmaceuticals
• Cosmetics
• Cleaning Industry
• Others
Green Preservatives Market-By Type
• Natural Preservatives
• Essential Oil
• Organic Acid
• Synthetic
• Others
Green Preservatives Market-By Region
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.