According to the latest report by IMARC Group, the Global Food Preservatives Market grew at a CAGR of around 4% in value terms during the historical period of 2015-2020. Looking forward, the market is expected to continue its moderate growth during the next five years.Food preservatives refer to chemical substances added into beverages and processed food to prevent harmful microorganisms from growing and deterioration, contamination, and spoilage of ingredients. Vinegar, sugar, salt, nitrites, citric acid, calcium propionate, etc., are some of the commonly used preservatives. They aid to decrease wastage, assure safety, enhance supply, and extend the shelf-life of the food.
The high preferences for hygienically packaged food products with growing concern towards maintaining health and hygiene standards is primarily driving the product demand globally in processed food items such as bread, snacks, cheese, yogurt, sauces, deli meats, etc. Furthermore, inflating consumer per capita income levels coupled with hectic work schedules and sedentary lifestyles have led to the increasing demand for ready-to-eat (RTE) food items. Moreover, the rising popularity of organic preservatives and clean label ingredients among health-conscious consumers is acting as another growth-inducing factor. Additionally, the emergence of natural, soluble, and non-toxic product variants that assist in retaining the natural color, nutritional value, freshness, and texture of the food item, is further catalyzing the market growth.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Food Preservatives Market 2021-2026 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
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The report has segmented the market on the basis of Product Type, Distribution Channel, Packaging Type and Region.
Breakup by Type:
Natural
Edible Oil
Rosemary Extracts
Natamycin
Vinegar
Others
Synthetic
Propionates
Sorbates
Benzoates
Others
Breakup by Function:
Anti-Microbial
Anti-Oxidant
Others
Breakup by Application:
Meat and Poultry
Bakery
Dairy
Beverages
Snacks
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
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