Food Preservative Market
Food Preservative Market: Information by Type (Natural and Synthetic), Function (Antimicrobial and Antioxidant), Application (Beverages, Dairy Products, Snacks), and Region — Forecast till 2026
Market Overview
The growing concern among people regarding health and increased preference towards the adoption of packaged foodstuffs is the primary factor driving food preservative market growth. It is added in small quantities for improving and maintaining the freshness of food products along with flavor, taste, and aroma.
The increasing adoption of natural preservatives on meat and poultry products is expected to augment food preservative market growth during the forecast period. In January 2017, Arjuna Natural Extracts launched a natural preservative ‘X-tend’ to increase the shelf-life of chilled meat products and assure food safety.
Momentous market opportunities for food processing industries in developing economies such as China, India, and others are also fuelling food preservative market growth. Rising disposable income and today’s lifestyles with time constraints have led to the adoption of frozen food products such as vegetables, fish, meat, and others. According to the India Brand Equity Foundation (IBEF), in 2015, the food processing market in India accounted for 32% of the country’s total food market. Additionally, favorable initiatives adopted by the government are also expected to drive food preservative market growth. For instance, in 2015, ITC Limited announced its decision to start a food processing unit in Telangana with an investment of USD 117.4 million.
Market Snapshot
Segmental Analysis
The global food preservative market is mainly segmented on the basis of type, function, and application.
Based on type, the market is segmented into natural and synthetic food preservatives.
On the basis of function, the market is segmented into antimicrobial and antioxidant.
While based on application, the global market is segmented into meat and poultry products, beverages, dairy products, snacks, and others.
Regional Analysis
The global food preservatives market is mainly analyzed across North America, Europe, Asia-Pacific, and Latin America and the Middle East and Africa (LAMEA).
North America is estimated to hold a significant market share fo food preservative in terms of value and remain dominant during the forecast period. Countries such as the U.S., Canada, and Mexico are driving market growth through numerous applications in the region. Increasing consumption of meat in the region is a key factor providng impetus to food preservative market growth.
Asia-Pacific is expected to hold the second position for market, followed by Europe. Asia-Pacific is the fastest growing market, owing to the increasing working population as well as preference for packaged food products. Major countries such as Germany, the U.K., and France are driving market growth in Europe. Inclination towards organic food along with growing health concerns among people are expected to fuel food preservative market share during the forecast period.
Top Key Players of Food Preservative Market
List of key preservative market companies profiled
- Cargill Incorporated (U.S.)
- Danisco A/S (Denmark)
- Akzo Nobel N.V. (Netherlands)
- Hawkins Watts Limited (New Zealand)
- Kemin Industries Inc. (U.S.)
- Tate & Lyle (U.K.)
- Univar Inc. (U.S.)
- Galactic (Belgium)
- Celanese Corporation (U.S.)
Report Scope
| Report Metric | Details |
|---|---|
| CAGR | 4.3% |
| Forecast Period | 2023-2031 |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
| Segments Covered |
|
| Geographies Covered |
|
Recent Developments
Cargill Incorporated, in March 2018, started producing EverSweet, a next-generation, zero calorie sweetener made up of two sweet compounds found in the stevia leaf, Reb M and Reb D. The focus of the company is to satisfy consumer needs to produce low-calorie products that would taste good and are affordable.
Food Preservative Market Segmentation
By Type
- Natural Preservatives
- Synthetic Preservatives
By Function
- Antimicrobial
- Antioxidant
By Application
- Meat and Poultry Products
- Beverages
- Dairy Products
- Snacks
- Others
By Region
- North America
- Europe
- Asia-Pacific
- LAMEA
Frequently Asked Questions (FAQs)
USD 995
Purchase Benefits
- Eligible for a free updated report next year
- Completely customizable scope
- 30% discount on your next purchase
- Dedicated account manager
- Query resolution within 24 hours
- Permission to print the report
Report Benefits
- Develop business strategies by understanding the trends shaping and driving the Market.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analysing the company share of market leaders.
- Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
- Track sales in the global and country-specific Market.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments and strategic partnerships.
