The Food Preservatives Market is segmented by Product Type (Synthetic and Natural), Type (Anti-microbial, Antioxidant, and Others), and Geography (North America, Europe, APAC, South America, and Middle East and Africa). As per the Global Forecast research report 2024-2028 published by Technavio, the market size is estimated to grow by USD 529.1 billion, at a CAGR of 3.2% during the forecast period. There are several companies that are contributing to the market as per this report. Increase in consumer awareness toward organic products .
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.
For insights on company offerings- Request a sample report!
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.
To access the valuable insights - Download the Free Sample Report
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.
According to Technavio's market research, the global food preservatives market is a significant segment of the larger global food products industry, specifically the packaged foods and meats sector. This market encompasses food processing vendors engaged in extending shelf life and eliminating microorganisms in their products. Technavio's market analysis calculates the size of the global packaged foods and meats market based on the combined revenues of these vendors. It is essential to note that this market does not include manufacturers of food processing equipment or producers of packaged alcoholic and non-alcoholic beverages, excluding mineral waters. - The Food Preservatives Market is experiencing significant growth, fueled by the . Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Contacts
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/
Safe and Secure SSL Encrypted
One user only.
Quick & easy download option
Unlimited user access (Within your organization).
Complimentary Customization Included
*For Enterprise license, go to checkout page
Get the report (PDF) sent to your email within minutes.
