Food Preservatives Market, by Source, Functionality, Application, and by Region - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Food preservatives are substances added or sprayed onto food to restrict the growth of fungi, bacteria, and other harmful microorganisms. Increasing demand for convenience and packaged food is driving growth of the global food preservatives market. Natural food preservatives are the most preferred preservative and the segment is expected to gain further traction over the forecast period, according to the stats provided by Oil and salt are the primary natural food preservatives used to preserve food. For instance, salt is used to trap the water content in the food and is applied to store dried vegetables and fruits. Moreover, citric juices are also used as antioxidants and helps in fermentation of various foods. Increasing population, growing urbanization and increasing number of women in the workforce is increasing demand for processed and ready-to-eat food products, in turn driving growth of the global food preservatives market.

The quality of food and food systems is affected differently by different food preservation technologies. When compared to modern techniques of food preservation, several old methods have been demonstrated to have a lower energy input and carbon footprint. Some food preservation procedures are known to produce carcinogens.

Market Dynamics

Asia Pacific is expected to be the fastest-growing market during the forecast period. The Asia Pacific food and beverage business is influenced by consumer preferences for natural and organic foods, a balanced diet, and increased demand for convenient food products. As a result of emerging countries, more industrialization, rising processed food consumption, and customer preference for high-quality products, ingredient suppliers are becoming more optimistic about the food and beverage industry's future. Despite rising awareness of the health dangers associated with synthetic food additives, have necessitated the use of more chemicals in meals. Europe was the largest market for food preservation in 2021 and the region is expected to retain its dominance in the market through 2030.

Synthetic food preservatives are the most effective and seem to be the best for longer shelf. For instance, ethanol is used to preserve wine to increase shelf. Moreover, various synthetic antioxidants such as Vitamin C, butylated hydroxyanisole (BHA), sodium nitrate, benzoic acid, and sulfur dioxide are used to restrict the bacterial growth and increase shelf of food.

However, one of the major challenges for the food preservatives market is expected to be stringent government regulation. For instance, in February 2022 , Due to the adoption of the Northern Ireland Protocol, the use of titanium dioxide as a food additive is no longer permitted in the nion and Northern Ireland.

Key features of the study:

• This report provides an in-depth analysis of the global food preservatives market, market size (US$ billion), and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global food preservatives market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include BASF SE, Kerry Group Plc, Kemin Industries, Inc., DuPont Nutrition & Biosciences, ADM, Foodchem International Corporation, Corbion, Celanese Corporation, and Jungbunzlauer Suisse AG
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
• The global food preservatives market report caters to various stakeholders in this industry including investors, suppliers, food preservatives manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global food preservatives market

Detailed Segmentation:

• Global Food Preservatives Market, By Source:
  • Natural
  • Synthetic
• Global Food Preservatives Market, By Functionality:
  • Anti-Oxidants
  • Anti-Microbial
• Global Food Preservatives Market, By Application:
  • Dairy Products
  • Meat, Poultry and Sea Food
  • Bakery
  • Beverages
  • Confectionery
• Global Food Preservatives Market, By Region:
  • North America
    • By Country:
    • U.S
    • Canada
  • Latin America
    • By Country:
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Europe
    • By Country:
    • Germany
    • U.K
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • By Country:
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa
    • By Country/Region:
    • Middle East
    • Africa
• Company Profiles
  • BASF SE
    • Company Overview
    • Product Portfolio
    • Key Strategies
    • Recent Developments
    • Future Plans
• Kerry Group Plc
• Kemin Industries, Inc.
• DuPont Nutrition & Biosciences
• ADM
• Foodchem International Corporation
• Corbion
• Celanese Corporation
• Jungbunzlauer Suisse AG

"*" marked represents similar segmentation in other categories in the respective section.