Global Natural Food Preservatives Market - 2023-2030

Market Overview

The global natural food preservatives market reached US$ 1,133 million in 2022 and is projected to witness lucrative growth by reaching up to US$ 1,766 million by 2030. The market is expected to exhibit a CAGR of 5.7% during the forecast period (2023-2030).

The moment food is processed, natural food preservatives from plants and animals are added to increase stability, stop spoilage, and lengthen the shelf life of processed food products. Extracts of natural substances produced from medicinal plants, salt, sugar, and spices are the main components of these preservatives. They enhance the microbiological and safety quality without compromising the organoleptic and nutritional quality.

The general community's growing health consciousness has led to an increase in demand for better options, which has increased the use of natural preservatives. The United States Department of Agriculture estimates that in 2020, sales of organic food will increase by 12.4%. Due to the negative consequences brought on by the presence of chemical pesticides in food goods, consumers are becoming increasingly health-conscious. These factors are driving the natural food preservatives market growth.

Market Dynamics

Increasing Consumer Demand from the Food and Beverages Sector is Driving the Market Growth.

Foods that are tertiary processed or created to save consumers time in the kitchen, lower expenses due to spoilage, and lower costs through economies of scale are referred to as convenience foods. The demand for retail convenience meals has increased as a result. The popularity of natural food preservatives is further boosted by factors including the rising millennial population, the rise in the number of working women, hectic work schedules, and on-the-go consumption patterns.

The National Association of Convenience Stores reports that the need for natural food preservatives climbed by 13% in 2022 due to an increase in convenience food sales, which is another factor driving the natural food preservatives market growth.

Potential Market Growth Obstacles Include Health Risks Associated with Natural Food Preservatives

In order to preserve food's freshness, flavor, and shelf life, preservatives have become a crucial component of manufacturing companies' inventories. The market for preservatives is being pushed by the increase in popularity of quick or prepared foods. The significant health hazards connected to such diets, however, are anticipated to inhibit overall improvement. Preservatives made of synthetic materials, such as sodium, potassium, and calcium propionate, have been associated with immune system abnormalities, cancer, lung issues, cardiac issues, and lung problems.

In consideration of the about 10 million cancer-related deaths reported by the World Health Organisation, manufacturers are using fewer preservatives, which in turn is slowing the natural food preservatives market expansion. Additionally, according to the Centres for Disease Control and Prevention (CDC), foodborne illnesses in the United States result in 48 million illnesses, 128,000 hospital admissions, and 3,000 fatalities each year, which restricts the use of food preservative ingredients and consequently lowers market revenue.

COVID-19 Impact Analysis

The COVID-19 analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with pricing dynamics (including pricing change during and post-pandemic comparing it with pre-COVID scenarios), demand-supply spectrum (shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), government initiatives (initiatives to revive market, sector or industry by government bodies) and manufacturers strategic initiatives (what manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

The global natural food preservatives market is segmented based on product type, function, application, and region.

Rising Demand for Meat and Poultry Products is Expected to Drive the Application Segment growth.

The global natural food preservatives market has been segmented by application into sea food, meat and poultry, bakery products, dairy products, snacks, beverages, fruits and vegetables, others. The meat and poultry segment held the largest natural food preservatives market share of 38.4% in 2022 in the natural food preservatives market analysis report.

According to World Animal Foundation, there were only 21% vegetarians in 2021. Considering the fact that a sizeable portion of the world's population is not vegetarian, the growth can be linked to enormous consumption. People's disposable income or purchasing power is increasing as globalization is dominating and trade between nations is booming. As a result, consumers' purchasing habits are changing, and more people are able to afford such expenditures. On the other hand, because meat has a short shelf life, preservatives must be used.

Geographical Analysis

The Increasing Demand for Natural Food Preservatives in Asia-Pacific Region.

The Asia-Pacific natural food preservatives market is regarded as the fastest growing region with market share of 32.5% in 2022 in the natural food preservatives market analysis. As urbanization, disposable income, and the working population is increasing in the region, demand for convenience and processed food is increasing among consumers. According to World Bank data from 2021, the per capita income in India was USD 1,053.77.

The demand for on-the-go food is increasing due to busy work schedules, resulting in an increase in the production of convenience foods and beverages. Furthermore, consumer awareness about clean-label and natural ingredients in food is growing, leading to an increase in demand for natural, organic, and plant-based additives and preservatives in the region.

Competitive Landscape

The major global players in the market include: Koninklijke DSM N. V, Cargill, Inc., Kemin Industries, Inc., Archer Daniels Midland Company, Tate & Lyle PLC., BASF SE, Corbion NV, Galactic SA, Biosecur Lab (Foodguard), and ITA 3 S.r.l.

Global Recession/Ukraine-Russia War/COVID-19, and Artificial Intelligence Impact Analysis:

COVID-19 Impact:

As a consequence of travel limitations brought on by the COVID-19 epidemic, retail and long-shelf products saw increased sales on the global market. As a result, the vast majority of people in the world are busy hoarding foodstuffs and other food items for their families. Due to the increase in demand for processed foods, this eventually had a favorable effect on the industrial need for food preservatives. Additionally, there has been an increase in the demand for ready-to-eat (RTE) meals, creating new business opportunities for businesses that produce food preservatives.

Why Purchase the Report?

• To visualize the global natural food preservatives market segmentation based on type, source, gender, application, distribution channel, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities in the market by analyzing trends and co-development.
• Excel data sheet with numerous data points of natural food preservatives market-level with all segments.
• The PDF report consists of cogently put-together market analysis after exhaustive qualitative interviews and in-depth market study.
• Product mapping is available as Excel consists of key products of all the major market players.

The global natural food preservatives market report would provide approximately 93 tables, 109 figures and 190 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies