Food Preservatives Market

Food Preservatives Market was valued at USD 2,700 million in 2020 and is expected to register a CAGR of 3.7% during forecast period, owing to the increasing emphasis on maintaining health and hygiene.

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Key Drivers and Emerging Trends

The demand for food preservatives is forecast to witness a smooth growth curve over the upcoming years, owing to the changing customer lifestyle, increase in imports and exports, and inclination towards fresh products. Emerging need for clean label solutions, growing demand of processed and packaged food, and growing penetration in the organized retail sector are other factors fueling the market growth. Besides, with the rising cases of food-borne diseases and growing awareness of a healthy lifestyle, the demand for effectively preserved food products has increased, driving the Global Food Preservatives Market.

Other factors such as, increasing urbanization, hectic lifestyles, rising per capita incomes, and the growing trend of nuclear families has encouraged the consumption of ready-to-eat (RTE) food items, propelling the market growth. Apart from this, the rising health consciousness among individuals is driving the demand for organic preservatives and clean label ingredients.

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Type – Segment Analysis

Natural food preservatives are predicted to expand at a higher CAGR over the forecast period, because of the increasing use of natural preservatives by producers to preserve food items. Increasing inclination towards clean label products has persuaded the producers to adopt latest formulation process to produce the organic processes is likely to offer enormous opportunities to the market. Natural preservatives are innocuous, soluble, help retain the flavour and texture of the product, and improving the nutritional quality of the products, paving the way for market.

Application – Segment Analysis

Meat, poultry, and seafood products is predicted to hold a larger share over the forecast period, owing to the ability of preservatives to impede bacterial growth. The expansion of processed poultry, meat, and seafood industry is predicted to strengthen the segment’s size. Besides, the use of meat preservatives has significantly increased on account of the growing demand for meat primarily across the North America, Asia Pacific, Europe, and Latin America has bolstered the Food Preservatives Market size.

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Regional – Segment Analysis:

North America is anticipated to witness the highest CAGR over the upcoming years on account of the increasing demand for convenient food, rising population, and growing demand for authentic taste. Besides, factors like rising demand for processed food along with the growing awareness about the medicinal properties of the food preservatives will expand the regional growth. Well-established bakery stores and the existence of several leading players including Kemin Industries, Inc., Cargill, Incorporated, ADM, etc., will pave the way for regional expansion over the forecast period. The significant increase in working population and consumer’s inclination towards ready-to-eat products are projected to support the market expansion in the Asia Pacific over the forthcoming years.

Top Market Players

Various notable players operating in the market, include, Kerry Group Plc, Basf SE, DSM, Cargill, Incorporated., Kemin Industries, Inc., International Flavors & Fragrances Inc., ADM, Tate & Lyle, Lallemand Inc., Foodchem International Corporation, among others.

Key Developments:

• • In 2021, Kemin Industries Inc. expanded its distribution agreement with Diethelm Keller Siber Hegner (DKSH) to incorporate distribution for Kemin Food Technologies – Asia in the Philippines and Indonesia.
  • In 2021, International Flavors & Fragrances (IFF) collaborated with DuPont’s Nutrition and Biosciences Business, functioning under the name IFF. This merger has strengthened the company’s place as one of the leading players in the ingredients market.
  • In 2021, Tate & Lyle PLC initiated the construction of a new biomass boiler at its acidulants plant in Santa Rosa, Brazil.
  • In July 2021, DSM announced to extend its Dairy Safe cheese biopreservation portfolio with a selection of the new phage-robust culture rotations. With these new cultures, the cheese producers can benefit from the culture rotation system, ensuring reliable and optimal phage management and consistent cheese production.
  • In Jan 2019, Kemin Industries added BactoCEASE NV OR Liquid, an organic buffered vinegar solution, to its food safety product line. It’s an alternative to traditionally used synthetic preservatives and the BactoCEASE line of buffered-vinegar-based products helps poultry, meat, fish, and deli-salad manufacturers to offer safe, clean-label products.

Segments covered in the Report:

The global Food Preservatives Market has been segmented on the basis of Type, Application, and regions. Based on Type, the market is segmented into Natural and Synthetic. Based on Application, the market is segmented into Confectionery, Meat, poultry, and seafood products, Beverages, Dairy & frozen products, Fats & Oils and Others.

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Key questions answered in this research report:

• • At what pace is global Food Preservatives Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Food Preservatives Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Food Preservatives Market?
  • Which Type generated maximum revenues in 2020 and identify the most promising Type during the forecast period?
  • What are the various Application areas of global Food Preservatives Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Food Preservatives Market by Type

• • Natural
  • Synthetic

Global Food Preservatives Market by Application

• • Confectionery
  • Meat, poultry and seafood products
  • Beverages
  • Dairy & frozen products
  • Fats & Oils
  • Others

Global Food Preservatives Market by Region

• • North America Food Preservatives Market (Option 1: As a part of the free 25% customization)
    • By Type
    • By Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Food Preservatives Market (Option 2: As a part of the free 25% customization)
    • By Type
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Food Preservatives Market (Option 3: As a part of the free 25% customization)
    • By Type
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Food Preservatives Market (Option 4: As a part of the free 25% customization)
    • By Type
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Market Name (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Kerry Group Plc
  • Basf SE
  • DSM
  • Cargill, Incorporated.
  • Kemin Industries, Inc.
  • International Flavors & Fragrances Inc.
  • ADM
  • Tate & Lyle
  • Lallemand Inc.
  • Foodchem International Corporation