The Food Preservatives Market: Overview
The Food Preservatives Market is valued at around USD 2,511.5 million in 2022 and is expected to reach USD 3,671.7 million by 2030, registering a CAGR of 3.4% over the forecast period. Chemicals known as food preservatives are added to processed foods and beverages to stop the oxidation of nutrients and the growth of pathogenic microorganisms. They contribute to the preservation of food, extending its shelf life, reducing waste, ensuring safety, and improving supply. Preservatives like sugar, salt, nitrites, vinegar, citric acid, calcium propionate, butylated hydroxyanisole (BHA), butylated hydroxyl toluene (BHT), and tert-butyl hydroquinone are some of the ones that are frequently used (TBHQ). The use of food preservatives is currently generally regulated and overseen by the governing bodies of various countries.
The Food Preservatives Market - Growth Factor
The substances added to food during processing to increase stability and prevent spoilage are known as food preservatives. Depending on the situation, they are incorporated into various types of food in small amounts. Meat and other food types were traditionally preserved using salt, sugar, and spices. Food preservatives stop the development of microorganisms, which inhibits or delays food deterioration. They are divided into non-toxic and moderately toxic categories based on their level of toxicity. Preservatives that are not toxic can be used during processing, while those that are moderately toxic are subject to regulation by relevant regulatory agencies like the European Food Safety Authority (EFSA) and the U.S. Food and Drug Administration (FDA) and are identified by the proper index (INS or E) numbers.
The Food Preservatives Market Market Trends
The market for food preservatives is expanding as a result of the market for processed foods' increased demand due to their strong correlation with one another.
The use of food preservatives in various food industries has increased demand for them.
These food preservatives are unavoidable for the food industries to extend the shelf life of the products and stop unwanted microbial actions due to their antimicrobial and antioxidant properties.
The market is being driven by the rising demand for clean label products, the rising consumption of packaged and processed foods, and the complexity of the food supply chain.
The Food Preservatives Market Segmentation
The Food Preservatives Market fragrance concentrates market has been sub-classified into label, type, function, application.
On the basis of label, the Food Preservatives Market is bifurcated into:
Clean label
Conventional
Others
On the basis of type, the market is segmented into:
Natural- edible oil, rosemary extracts, natamycin, vinegar, chitosan
Synthetic- propionates, sorbates, benzoates
Others
On the basis of function, the market is segmented into:
Anti-microbial
Anti-oxidant
Others
On the basis of application, the market is segmented into:
Meat and poultry products
Bakery products
Dairy products
Beverages
Snacks
Others
The Food Preservatives Market Regional Analysis
North America dominated the global Food Preservatives Market, accounted for the highest revenue share in 2021more than 30.0%. An increase in the product's various applications in the United States, Canada, and Mexico propelled the market in North America. The growth is anticipated to be aided by established bakeries and a rise in processed meat consumption.
The Food Preservatives Market Key Market players
Global key players of Food Preservatives Market include Albemarle Corporation, Archer Daniels Midland Company, BASF SE, Cargill Incorporated, Celanese Corporation, Corbion N.V., Dupont De Nemours Inc., Galactic S.A., Jungbunzlauer Suisse AG, Kemin Industries Inc., Koninklijke DSM N.V. and Tate & Lyle PLC., and others.
Report scope
Global Food Preservatives Market: Historical Years- 2018-2021
Global Food Preservatives Market: Forecast Years- 2022-2030
Global Food Preservatives Market 2022- USD 2,511.5 million
Global Food Preservatives Market 2030- USD 3,671.7 million
Global Food Preservatives Market CAGR- 3.4%
