Food Preservatives Market Size, Share, Growth Report 2032

Food Preservatives Market: Size

According to the report published by Zion Market Research, the global food preservatives market size was valued at USD 3.10 Billion in 2023 and is predicted to reach USD 4.56 Billion Billion by the end of 2032. The market is expected to grow with a CAGR of 4.52% during the forecast period.

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The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The report covers a forecast and an analysis of the food preservatives market on a global and regional level.

Food Preservatives Market: Overview

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.

The study includes the drivers and restraints of the food preservatives market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the food preservatives market on a global level. 

In order to give the users of this report a comprehensive view of the food preservatives market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model of the food preservatives market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

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Food Preservatives Market: Segmentation

The study provides a decisive view of the food preservatives market by segmenting it based on type, function, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2026.

By Type, the food preservatives market segmented into Natural and Synthetic.

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 2023. Preservatives are added to meat, fish, and beef to eliminate toxins and preserve them for a longer time.

Food Preservatives Market: Report Scope

Food Preservatives Market: Regional Analysis

The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. 

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.

Food Preservatives Market: Competitive Analysis

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
• Purac Biochem

This report segments the global food preservatives market into:

Global Food Preservatives Market: Type Analysis

• Natural
• Synthetic

Global Food Preservatives Market: Function Analysis

• Anti-Microbial
• Anti-Oxidant

Global Food Preservatives Market: Application Analysis

• Meat
• Poultry and Seafood
• Beverages
• Dairy and Frozen
• Bakery
• Others

Global Food Preservatives Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa