Authored By: Sarah
11 Jul 2024

 Food Preservatives Market Size to grow by USD 568.28 billion between 2023-2027

According to a research report “ Food Preservatives Market” by Product Type (Synthetic, Natural) Type (Anti-microbial, Antioxidant, Others) Geography (North America, Europe, APAC, South America, Middle East and Africa)- Global Forecast to 2027 published by Technavio, the market size is estimated to grow by USD 568.28 billion, at a CAGR of  3.52% during the forecast period. The global food preservatives market is experiencing significant growth due to the increasing demand for packaged and processed food products in both developed and developing economies. Urbanization and evolved dietary habits have led to a rise in the consumption of packaged and frozen foods. With improving economic conditions and increasing disposable income levels, the demand for these types of food products has surged. Additionally, the expanding global middle class and the increasing number of working women have further fueled the demand for processed foods, thereby driving the growth of the food preservatives market.

Browse market data tables, figures, and in-depth TOC on “Food Preservatives Market” by Product Type (Synthetic, Natural) Type (Anti-microbial, Antioxidant, Others) Geography (North America, Europe, APAC, South America, Middle East and Africa) Global Forecast to 2027. Download Free Sample

 

By Product Type, the Synthetic segment is projected to dominate the market size in 2024

In the context of the burgeoning packaged food industry, driven by urbanization and time-strapped consumers, ready-to-eat (RTE) foods have emerged as a popular choice. These convenience foods, which require minimal preparation time and generate minimal mess, have gained significant traction due to their extended shelf life. Antimicrobial preservatives, such as methyl, ethyl, propyl, and butyl parabens, as well as sorbic acid, play a crucial role in ensuring the longevity of these foods by inhibiting bacterial growth and preventing spoilage. The rising demand for RTE foods is likely to boost the market growth for food preservatives.

By Type, Anti-microbial  segment is expected to hold the largest market size for the year 2024

In the realm of food manufacturing, synthetic preservatives serve a crucial role as chemical additives. These substances are incorporated into food products to inhibit degradation caused by microorganisms and oxidation reactions. Notable synthetic preservatives include sodium benzoate and sorbic acid. By extending the shelf life and maintaining the quality, flavor, and taste of food items, synthetic preservatives have garnered significant demand worldwide. The surge in consumption of packaged and ready-to-eat (RTE) food products fuels this demand. However, the growing health-conscious population poses a challenge, as there is a burgeoning preference for natural preservatives. This trend is expected to impact the synthetic preservatives market negatively during the forecast period.

North America is forecasted to hold the largest market size by region in 2024

The North American food preservatives market is projected to experience a consistent expansion rate throughout the forecast period. This growth is attributed to the increasing demand for food preservatives in various food products, including cheese, canned fruit juice, and margarine. The US dominates the market share in this region, driven by the robust presence of leading players such as Archer Daniels Midland Company and Cargill. The US food industry's steady demand for food preservatives, fueled by the presence of prominent food chains like McDonald's, Starbucks Corporation, KFC, Burger King, Pizza Hut, Domino's Pizza, Dunkin' Donuts LLC, and Taco Bell, further bolsters market growth.

The Food Preservatives Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Archer Daniels Midland Co.
  • Camlin Fine Sciences Ltd.
  • Cargill Inc.
  • Celanese Corp.
  • Chemical Corporation Inc.
  • Corbion nv
  • Foodchem International Corp.
  • Gadot Biochemical Industries Ltd.
  • Handary SA
  • Hawkins Watts Ltd.
  • Hemadri Chemicals
  • ITA 3 s.r.l.
  • Jungbunzlauer Suisse AG
  • Kalsec Inc.
  • Kemin Industries Inc.
  • Kerry Group Plc
  • Koninklijke DSM NV
  • RZBC Group Co. Ltd.
  • Tate and Lyle Plc
  • Yolimex Sdn Bhd
.

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Research Analysis Overview

The Food Preservatives Market encompasses a wide range of compounds used to extend the shelf life and ensure the safety of various food products, including cakes, cheese, yogurt, sausages, drinks, and more. Good Manufacturing Practices (GMP) are essential in the production of these preservatives to ensure their antimicrobial and antioxidant properties are maintained. Antioxidant preservatives, such as Propionates and Benzoates, inhibit oxidation and prevent rancidity in foods. Antimicrobial preservatives, like Citrus powder and Jasmine extract, hinder the growth of microorganisms, including yeasts, fungus, and bacteria. Clean-label preservatives, such as Vinegar and Spices, are gaining popularity due to consumer demand for natural and minimally processed foods. However, the use of these preservatives may require higher doses to achieve the same level of preservation as synthetic preservatives. Toxicity is a concern with some preservatives, such as Benzoates and Propionates, which have been linked to health issues. Therefore, it is crucial to maintain proper dosage levels and adhere to GMP to minimize potential risks. Sugar, Salt, and other natural preservatives, like Spices, have been used for centuries to preserve food. However, their effectiveness may be limited compared to synthetic preservatives, and they may contribute to the degradation of food quality over time. Foodborne sickness caused by microorganisms in food products highlights the importance of effective food preservation. Preservatives play a crucial role in preventing foodborne illnesses and ensuring the safety and quality of processed foods.

Market Research Overview

The Food Preservatives Market encompasses a wide range of components used to maintain the quality and extend the shelf life of various food products. Flavor components, such as natural organic acids, are increasingly being used as novel preservatives. Regulated policies and consumer concern for clean-label additives have led to the reformulating of products with natural antioxidants like X-Tra Guard and Millbo. Fruits, meat and poultry, cakes, cheese, yogurt, sausages, drinks, and ready-to-eat meals are some of the major industries driving the demand for food preservatives. Natural antioxidants like lactic acid, natural antimicrobial food preservatives, and mold inhibitors are gaining popularity due to consumer awareness and the trend towards clean-label foods. Prominent companies like Corbion NV, Niacet, and Kerry are investing in research and development of clean-label preservatives such as propionates, benzoates, citrus powder, and essential oils. However, there are restrictions on the use of synthetic preservatives like sorbates, synthetic antioxidants, and sulfur dioxide in certain food products due to toxicity concerns. Consumers are increasingly demanding natural food preservatives derived from natural sources like spices, essential oils, and vinegar. Good manufacturing practices and the use of natural preservatives help ensure stability and prevent foodborne sickness caused by microorganisms like yeasts, fungus, and bacteria. The processed food industries, including meat exports, frozen food products, and soft drinks, have a high demand for food preservatives. The food preservatives industry is expected to continue growing due to the increasing demand for packaged foods, processed foods, and clean food ingredients. Consumers' eating habits and product offerings are also influencing the market trends, with a shift towards natural preservatives and clean-label ingredients.

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Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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