Food Preservatives Market Forecasts to 2028 – Global Analysis By Type(Natural, Propionates), Function (Antimicrobial, Antioxidant), Application (Bakery, Beverages, Canned & Preservative Food) and By Geography

Food Preservatives Market Forecasts to 2028 – Global Analysis By Type(Natural, Propionates), Function (Antimicrobial, Antioxidant), Application (Bakery, Beverages, Canned & Preservative Food) and By Geography

According to Stratistics MRC, the Global Food Preservatives Market is accounted for $3.07 billion in 2021 and is expected to reach $4.32 billion by 2028 growing at a CAGR of 5.0% during the forecast period. Food preservatives are defined as the specialised chemical ingredients or extracts which are added to the food products during their production processing to restrict the growth of bacteria, microorganisms, and other harmful effects such as oxidisation. The addition of these substances helps in improving the shelf life of the products and retains the freshness making them consumable for a longer period of time.

Market Dynamics:

Driver:

Rise in Demand for Food Products

Increased work hours have altered consumer lifestyles, and consequently, their eating habits. These changes are demanding food products that provide convenient consumption and longer shelf life. Hence, its role of it is becoming increasingly important in the food & beverage industry. The growing demand for foods with extended shelf life has shown a high impact on the food processing industry. Generally, the well-proved storage efficacy, due to preservatives, has improved food delivery methods, competitive pricing, and added value to food products.

Restraint:

Inadequate Obtainability of Natural Preservatives

The preference for natural preservatives over synthetic ones is proving to be a challenge for preservative users in the food & beverage industry. Buyer opinion is that natural foods are healthier than those with artificial preservers. The growth in the U.S. cheese industry is being driven by unprocessed cheese as consumers seek out higher-quality foods. Within the food industry, affluent shoppers are looking for artisanal, handcrafted, and small-batch foods. Within the cheese industry, high-income consumers seek unprocessed cheese that has a richer flavor profile than processed cheese with synthetic preservatives.

Opportunity:

Increasing Demand for Functional Beverages

The booming beverage industry is majorly uplifting the consumption of ingredients including preservatives which is most likely to foster market growth. The growing demand for nutraceutical drinks as well as products owing to the presence of several healthy components, such as vegetables, fruits, and plants, along with the rising demand for dairy-based beverages across the globe foster the demand for global functional beverages. Moreover, with the rise in demand for functional beverages, the market for natural preservatives is gaining momentum. Manufacturers are embracing innovation for gaining a position in the market by incorporating organically sourced preservatives in the product formulation.

Threat:

Health hazards

Due to the consumption of synthetic preservatives. Dried and dehydrated foods often contain sulfites. FDA estimated that more than one million asthmatics are sensitive or allergic to sulfites. Symptoms related to sulfite consumption include difficulty in breathing, hives, stomachache, and anaphylactic shock. The Food and Drug Administration (FDA), in 2013, approved more than 3,000 food additives for use in the U.S. However, while approved for human consumption, food additives may still threaten our health. This is one of the many reasons why people opt for minimally processed and treated foods.

Antimicrobial segment is expected to be the largest during the forecast period

Antimicrobial agents also include compounds such as calcium propionate and sorbic acid, which are used in products such as baked goods, salad dressings, cheeses, margarines, and pickled foods. Antimicrobials are also currently employed as preservatives within the food industry to extend product shelf life, improve product safety, maintain product quality, reduce processing costs, and increase the ability to distribute products globally in complex supply chains. Due to consumer concerns about the use of synthetic additives, the market for synthetic antimicrobials is declining and being replaced with natural antimicrobial.

The Meat segment is expected to have the highest CAGR during the forecast period

Decay of the meat sets in as soon as the blood ceases to pulse in the veins, thus making it preservation necessary until its consumption. The nature of preservation must be governed by circumstances such as the kind and quality of the meat to be preserved, period, and climatic conditions, among other factors. While salt, vinegar, and alcohol are largely used as since ancient times, boric acid and borax, and solutions containing salicylic acid and sulfuric acid are experiencing increasing usage. Preservatives for meat are required on a large scale; this is because meat is very commonly consumed across the globe.

Region with highest share:

North America is projected to hold the highest market share. Consumers in U.S. and Canada have well appreciated the processed edibles and ready-to-eat products, as these products have a longer shelf life and are readily available. As it is a major exporter of fruits, thus increasing the demand for the market. The region has highly regulated policies concerning the commercialization of food products and ingredients. Such regulations have offered lucrative growth opportunities for manufacturers to introduce novel preservatives with minimum or no side effects on human health. Advanced technological growth in the field of food processing is driving the growth of the North American food and beverage preservative market.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR, owing to growth in the population, development in food & beverage industry, and stable economic growth. Emerging markets, such as China and India, are expected to show the highest increase in demand for food preservatives during the forecast period. Substantial development in the ready-to-eat food products, meat, and poultry application is anticipated to boost the market growth.

Key players in the market:

Some of the key players profiled in the xx Market include BASF SE, C.H. Guenther & Son, Cargill Inc., Celanese Technology, Chr. Hansen Holding A/S, Corbion N.V, Danisco , DuPont, Hawkins Watts Limited , JEYS F.I Inc., Jungbunzlauer Suisse AG, Basel, Kerry Group Plc., Koninklijke DSM N.V, Kraft Food Ingredients, The Archer Daniels Midland Company (ADM.)

Key developments:

In May 2021: Cargill Incorporated announced EpiCor® postbiotic, which is a dried yeast fermentate providing immune system support. The postbiotic is used in popular supplements and enables food and beverage manufacturers to incorporate EpiCor® into a variety of foods and beverages.

In May 2019: Kerry announced the new development and application center tht bring end-to-end food innovation cycles under one roof, reducing the time to market for new product developments and increasing Kerry’s capacity to drive food innovations in the region.

In July 2021: DSM expanded its Dairy Safe cheese biopreservation portfolio, with a selection of new phage-robust culture rotations. With the new cultures, cheese producers can benefit from an even more robust culture rotation system, ensuring reliable and consistent cheese production and optimal phage management.

Types Covered:
Natural
Synthetic/Chemical
Propionates
Other Types

Functions Covered:
Antimicrobial
Antioxidant
Antifungal
Chelates
Enzyme Inhibitors
Preservatives
Anti-Enzymatic Food Preservative

Applications Covered:
Bakery
Beverages
Canned & Preservative Food
Cereal
Confectionery
Dairy & Frozen
Dairy, Milk & Frozen Products
Desserts
Dressings & Condiments
Meat
Oil & Fat
Poultry & Seafood
Sauces & Salad Mixes
Snacks
Sweet & Savoury

Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances