Food Preservatives Market - Global Industry Analysis

Food Preservatives Market

Food Preservatives Market Size, Industry Trends, and Top Manufacturers 2030

Category: Food & Beverage Report Format : PDF Pages: 110 Report Code: ZMR-2644 Published Date: Jul-2019 Status : Published

Global food preservatives market expected to reach USD 2,846 million by 2026, at a CAGR of around 2.7% between 2019 and 2026.

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Food preservatives are chemical compounds that are added in small quantities to various kinds of food items to inhibit or delay their expiry. Salt, sugar, and spices were used to preserve meat and other types of foods traditionally. The need for preservatives is propelling the demand for food additives and ingredients that restrict the development of fungi, bacteria, and other microorganisms. This is the primary growth driver of the global food preservatives market. These preservatives help extend the shelf life and protect the natural characteristics of the food items. Due to hectic lifestyle patterns, people tend to opt for convenience foods. The growing consumer preference globally for ready-to-eat foods or convenience foods is fueling the global food preservatives market. Additionally, preservatives are also added to enhance flavor, color, and texture of foods. However, health-related threats associated with food preservatives may limit the food preservatives market growth globally over the forecast time period.

By type, the food preservatives market is segmented into natural and synthetic. Natural preservatives are naturally occurring with good preserving qualities, such as salt, sugar, alcohol, and vinegar, which are used in making juices, jams, and pickles. They don’t cause any health-related problems and help retain the purity of food items for a shorter duration of time as compared to synthetic preservatives. Sulfites, benzoates, sorbates, and propionates are some common types of synthetic preservatives, which are used for the food preservation process. Sulfites are used to hinder bacterial growth in dry fruits, vegetables, and wine. Sorbic acid is used to preserve potato and cheese products. Nitrites are used in meat products, such as sausages and hams, to obstruct bacteria developments that cause botulism. Benzoic acid is highly effective against yeasts and is also used as an anti-fungal and anti-bacterial in jams, condiments, and jellies.

Global Food Preservatives Market

On the basis of function, the food preservatives market includes anti-microbial and anti-oxidant. Globally, the food preservatives market is dominated by anti-microbial, followed by antioxidant preservatives. Benzoates, sorbates, and other chemicals are a few key examples of anti-microbial preservatives and sulfites are used as anti-microbial agents in brewing applications.

By application, the food preservatives market includes meat, poultry and seafood, beverages, dairy and frozen, bakery, and others. Meat, poultry, and seafood products held the largest share of food preservatives market in 2018. Preservatives are added to meat, fish, and beef to eliminate toxins and preserve them for a longer time.

North America is currently dominating the global food preservatives market, particularly in synthetic food preservatives usage. Hectic lifestyles have surged the demand for processed food with longer shelf life, which is driving the North American food preservatives market.

Some key players operating in the global food preservatives market are Kerry Group, Archer Daniels Midland, Cargill, ABF Ingredients, Ajinomoto, Albemarle Corporation, Brenntag, Celanese Corporation, Edlong Flavors, and Purac Biochem.

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