U.S. Food Preservatives Market Share, Size, Trends, Industry Analysis Report, By Label (Clean label, Conventional); By Type; By Function; By Application; Segment Forecast, 2024 - 2032

U.S. Food Preservatives Market Share, Size, Trends, Industry Analysis Report, By Label (Clean label, Conventional); By Type; By Function; By Application; Segment Forecast, 2024 - 2032

The global U.S. food preservatives market size is expected to reach USD 970.41 million by 2032, according to a new study by Polaris Market Research. The report “U.S. Food Preservatives Market Share, Size, Trends, Industry Analysis Report, By Label (Clean label, Conventional); By Type; By Function; By Application; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The increasing food waste in the United States is embarking on the necessity to find ways to limit the nation's waste, where the adoption of food preservatives comes into play. According to the WILEY magazine, a 280% rise in household food waste was observed between 2021 and 2022 in the United States. The propensity to aid the food and beverage industry players in extending the shelf life of several products by limiting microbial reactions is the main factor contributing to the food preservatives market growth.

Growing government investments are also likely to facilitate a favorable market for food preservatives. The government is working on reducing food waste by 50% by 2030 as part of the United Nations Sustainable Development Goals. For instance, in September 2023, the United States unveiled USAID’s Food Loss and Waste Accelerator with an investment of USD 10 million.

Rising distress over food spoilage in households is exhibiting optimal demand for foods with a longer expiration date. According to Kerry’s Study, 72% of consumers believed that prolonging the shelf life of drinks and food products could assist them in lowering food waste.

Food providers, mainly bakery foods such as bread, cakes, and more, are coming forward with research initiatives to promote their shelf life as they are prone to spoiling early, causing the need for food preservatives. According to Kerry, a food preservative market player in the United States, 25% of the bread consumed by people goes to waste due to its limited longevity.

The growing demand for processed food in the country is making its way to the multiple food and beverage companies offering processed and snacking food products. According to the New York Times, 60% of the calories among Americans are attained through the consumption of processed foods. As processed foods are required to be stored for a longer time to reach the end user, there will be a significant proportion of firms utilizing food preservatives, contributing to their significant demand in the region.

U.S. Food Preservatives Market Report Highlights

The synthetic segment is anticipated to witness the highest growth due to its potential to extend product lifespans.

The meat and meat products segment accounted for the largest market share, owing to the growing demand for meat-based snacks.

The Anti-microbial segment is projected to experience a larger revenue share due to the increased penetration of food spoilage with microbial reactions.

Texas has registered the dominant share in the marketplace, driven by increasing demand for processed foods in the region.

The global players include Archer Daniels Midland Company, Baje Market, Barite World, Cargill, Celanese Corporation, DuPont de Nemours, & Kemin Industries.

Polaris Market Research has segmented the U.S. food preservatives market report based on label, type, application, and function:

U.S. Food Preservatives, Label Outlook (Revenue - USD Million, 2019 - 2032)

Clean Label

Conventional

U.S. Food Preservatives, Type Outlook (Revenue - USD Million, 2019 - 2032)

Natural

Edible Oil

Rosemary Extracts

Natamycin

Vinegar

Chitosan

Others

Synthetic

Propionates

Sorbates

Benzoates

Others

U.S. Food Preservatives, Application Outlook (Revenue - USD Million, 2019 - 2032)

Bakery

Dairy

Meat and Meat Products

Confectionery

Beverages

Others

U.S. Food Preservatives, Function Outlook (Revenue - USD Million, 2019 - 2032)

Anti-microbial

Anti-oxidant

Others