The Role Of Food Preservatives In The Ready-To-Eat Food Revolution: Strengthening the Growth Trajectory of the Food Preservatives Market

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What Is the Expected CAGR for the Food Preservatives Market Through 2025?
The size of the food preservatives market has been following an upward trend over recent years. Its value is projected to rise from $2.94 billion in 2024 to $3.06 billion in 2025, indicating a compound annual growth rate (CAGR) of 3.8%. Factors contributing to this growth include a rising consumer preference for processed and convenience foods, the necessity to extend food shelf-life and preserve food quality, a global expansion in the food and beverage industry, concerns regarding food safety and the prevention of spoilage, favourable regulations and the safe application of food preservatives, and an increased demand for natural, clean-labelled food preservation methods.

What's the Projected Size of the Global Food Preservatives Market by 2029?
The market for food preservatives is projected to experience robust growth in the coming years, with its valuation expected to reach $3.72 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.0%. This upward trend in the forecast period can be credited to the adoption of plant-based and naturally derived preservatives, focus on environmentally friendly and sustainable preservative ingredients, advances in the development of preservative technologies, increased requirement for preservatives in organic and natural food items, proliferation of preservative usage in meat and poultry processing, growing interest in combined preservative systems for improved efficiency. Key emerging trends within the predicted period encompass natural antimicrobial extracts, antioxidant preservatives, essential oils derived from plants, combined preservative systems, along with innovative technologies such as pulsed electric fields (pef), and the application of nanotechnology in food preservation.

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Top Growth Drivers in the Food Preservatives Industry: What's Accelerating the Market?
Busy lifestyles have led to a rise in ready-to-eat food consumption, which is set to fuel the food preservatives market's growth in the near future. Various kinds of both natural and synthetic preservatives are used in ready-to-eat food to reduce the likelihood of microbial spoilage and thereby enhance the food's overall quality. The growing trend towards processed or ready-to-eat food is largely due to a rising working population that opts for convenient food over home-cooked meals. As an example, the American Frozen Food Institute, a US-based national trade association, reported in January 2023 an increase in frozen food sales from $66.5 billion in 2021 to 72.2 billion in 2022. This indicates that the upsurge in ready-to-eat food consumption contributes to the expansion of the food preservatives market. Therefore, the surge in ready-to-eat food consumption caused an increase in the food preservatives market's growth.

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What Trends Will Shape the Food Preservatives Market Through 2029 and Beyond?
An upward trend in the food preservatives market is the escalating adoption of natural preservatives. The consumer shift towards more health-conscious choices is fueled by apprehensions about the adverse effects of preservatives, leaning more towards natural substitutes such as organic acids, salt, sugar, etc. Notably, key players in the food preservatives industry are aligning their strategies towards natural preservation solutions in order to enhance their market hold with clean label products. For example, Prinova Europe, a leading ingredient supplier and premix producer from the UK, rolled out a product known as PlantGuardTM AM in November 2022. This was introduced in response to the burgeoning requirement for natural ingredients in food items. PlantGuardTM AM is a groundbreaking natural antimicrobial preservative, employing plant-derived constituents to inhibit the propagation of molds, yeasts, and bacteria in food items. Offering an extended shelf life, inhibiting spoilage, and retaining the taste and color of food products are its key strengths. Its neutral taste and heat stability also make it a practical preservative for a large assortment of food and drink products, encompassing dairy products, meats, fruits, vegetables, cereals, and juices.

What Are the Main Segments in the Food Preservatives Market?
The food preservativesmarket covered in this report is segmented -

1) By Type: Synthetic, Natural
2) By Function: Anti-Microbial, Anti-Oxidant, Chelating Agents, Enzyme Attackers
3) By Application: Beverages, Oils And Fats, Bakery, Dairy And Frozen Products, Snacks, Meat, Poultry, Confectionery, Other Applications

Subsegments:
1) By Synthetic Preservatives: Sorbates, Benzoates, Nitrites And Nitrates, Propionates
2) By Natural Preservatives: Salt, Sugar, Vinegar, Essential Oils, Antioxidants

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Which Top Companies are Driving Growth in the Food Preservatives Market?
Major companies operating in the food preservatives market include Kerry Group, Dupont De Nemours Inc., Badische Anilin- und Sodafabrik SE, Cargill Incorporated, Celanese Corporation, Corbion N.V, Archer Daniels Midland Company, Galactic SA, Kemin Industries Inc., Koninklijke DSM NV, Tate & Lyle PLC, Brenntag Solutions Group Inc., Albemarle Corporation, Univar Inc., Danisco A/S, Hawkin Watts Ltd., ABF Ingredients Ltd., Ajinomoto Co Inc., Jungbunzlauer Suisse AG, Grupo Bimbo SAB de CV, Hansen Holding A/S, Royal DSM NV, Naturex SA, DuPont Company, Brenntag Inc., MAYASAN Food Industries AS, BTSA Biotecnologías Aplicadas SL, Siveele BV, Kalsec Inc.

Which Regions Will Dominate the Food Preservatives Market Through 2029?
North America was the largest region in the food preservatives market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food preservatives market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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