Food Preservatives Market Size is expected to Surpass $4.65 Billion by 2030, with a CAGR of 5%, Strategic Market Research

Strategic Market Research LLP

The global food preservatives market is valued at USD 3 billion in 2021 and is projected to reach USD 4.65 billion by 2030, at a CAGR of 5% from 2022 to 2030. North America will have her largest market share in 2021 (over 30%). Rising incidence of foodborne illness, increasing consumer awareness, and changing food consumption habits are driving the growth of the industry.

NEW YORK, United States, Dec. 22, 2022 (GLOBE NEWSWIRE) — The global food preservatives market is worth US$3 billion in 2021 and is expected to reach US$4.65 billion by 2030, at a CAGR of 5% . Preservatives are included in food during manufacturing to prevent spoilage. They help preserve food, extend shelf life, reduce waste, ensure safety and improve supply. Sugar, calcium propionate, salt, nitrites, butylated hydroxyl toluene (BHT), vinegar, citric acid, butylated hydroxyanisole (BHA), and tert-butyl hydroquinone are some of the frequently used preservatives. .

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Food Preservative Market Insights:

  • Based on label, the traditional segment held the largest market in 2021, accounting for 65.0% of the revenue share.

  • In 2021, the synthetic type segment significantly dominated the overall market, accounting for 65.0% of the revenue share based on type.

  • By function, the antibacterial segment held the largest market position with a share of 75.0% in 2021.

  • The meat and poultry segment remained the market leader with a 30.0% application share in 2021.

  • In 2021, North America contributed the largest market share of nearly 30.0%.

Factors Affecting Food Preservatives Market Growth:

factors like Rising rates of food poisoning and rising demand for long-shelf-life foods are fueling the expansion of the market.

  • Increased working hours are having a major impact on consumers’ lifestyles and, in turn, their eating habits. These changes require the development of foods that are easy to consume and have a long shelf life. As a result, food preservatives are becoming more important in the food and beverage business. The growing demand for long shelf life products is having a positive impact on the food processing industry.

  • The food and beverage industry is threatened by food poisoning. Ineffective storage methods and ingredients can lead to foodborne illnesses caused by bacteria, viruses, and microorganisms. Customers want food that is maintained effectively due to the high frequency of food poisoning and the growing public awareness of the need to maintain a healthy lifestyle.

Food Preservatives Market Segmentation Analysis

Food preservative market segmentation is done based on label, type, function type, application type, and region.

By label type

By type

  • Nature

    • Chitosan

    • natamycin

    • rosemary extract

    • vinegar

    • Cooking oil

    • others

  • synthesis

    • sorbic acid

    • Benzoate

    • Propionate

    • others

By function type

  • antibacterial

  • antioxidant

  • others

By application type

  • snack

  • dairy products

  • beverage

  • Meat and poultry products

  • bakery products

  • others

for regions

North America

Europe

  • Spain

  • France

  • Italy

  • Germany

  • UK

Asia Pacific

Latin America

Middle East and Africa

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Based on label, the traditional segment held the largest market in 2021, accounting for 65.0% of the revenue share. Conventional food preservatives can be used alone or in combination with other preservation methods. The most common conventional preservatives are antioxidants, which act as oxygen absorbers and antimicrobial preservatives to prevent bacterial and fungal growth.

In 2021, the synthetic type segment significantly dominated the overall market, accounting for 65.0% of the revenue share based on type. Synthetic-type preservatives are cost-effective and easy to formulate. Among synthetic categories, sorbates held the largest market share in 2021 due to their widespread use in meat, poultry, and dairy products. Nitrates, propionates and benzoates are also widely used in synthetic types.

By function, the antibacterial segment held the largest market position with a share of 75.0% in 2021. Antimicrobial agents are primarily used to prevent food spoilage due to oxidative damage. Fungi and bacteria are common elements found in many types of foods, and microbial composition plays an important role in protecting foods from these bacteria. Antimicrobial agents are widely used in personal care products and cosmetics. Another factor driving market expansion is that the

The meat and poultry segment remained the market leader with a 30.0% application share in 2021. Global expansion of the processed meat, seafood and poultry industry during the forecast period will boost the demand for this market segment.

In 2021, North America contributed the largest market share of nearly 30.0%. Increasing food consumption in Canada, the United States, and Mexico is driving the North American market. Existing bakeries and increased consumption of processed meat will boost development.

Scope of Food Preservatives Market Report

report attribute

detail

Forecast period

2021-2030

Market size value in 2021

US$3 billion

Revenue forecast for 2030

US$4.65 billion

growth rate

Five%

Estimation base year

2021

historical data

2017-2020

Target segment

application, label type, function, region, type

Area range

North America, Latin America, Asia Pacific, Middle East, Africa, Europe

Main company introduction

Kerry, Cargill, Inc., Galactic SA, Kemin Industries, Inc., Corbion NV, ADM, Celanese Corporation, Tate & Lyle, BASF SE

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Key Players in the Food Preservatives Market:

  • Cargill

  • Kelly

  • ADM

  • Galactic SA

  • Celanese Corporation

  • Kemin Industry Co., Ltd.

  • BASF SE

  • Corbion NV

  • Tate & Lyle

Recent development

  • In December 2022, Cerebelly, the first science-based baby food company, today announced it has received a US patent for combining 16 essential nutrients to support healthy child neurodevelopment.

  • In December 2022, the FDA approved Thea Pharma’s efforts to remove preservatives from latanoprost formulations for the treatment of open-angle glaucoma and ocular hypertension, providing the company with a unique alternative to current eye drops on the market. can be introduced.

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