Major food preservatives market participants include Cargill Incorporated, Kerry Group, DuPont de Nemours, Corbion N.V, BASF SE, Archer Daniels Midland Company, Koninklijke DSM, Kemin Industries, and Galactic S.A.
Selbyville, Delaware,, Sept. 25, 2023 (GLOBE NEWSWIRE) —
The food preservatives market valuation is anticipated to cross USD 4 billion by 2032, as reported in a research study by Global Market Insights Inc. The steady rise in the global population is leading to greater demand for processed and packaged foods, which require preservatives to extend shelf life, creating a favorable environment for industry growth.
Changing consumer lifestyles, with a preference for convenience foods, are also fueling the need for preservative-laden products. The rising awareness of food safety and the prevention of spoilage is driving the demand for preservatives as consumers seek fresher, safer options. Moreover, globalization has expanded food supply chains, necessitating longer storage and transportation times, further boosting market development.
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Natural food preservatives market share will grow at a commendable pace from 2023 to 2032, owing to the increasing health consciousness of consumers and the subsequent rise in demand for products with fewer synthetic additives. Concerns about the long-term health effects of synthetic preservatives have prompted a shift towards safer, more transparent food preservation methods. Additionally, with sustainability emerging as a growing concern, natural preservatives are gaining significant traction among consumers, as they align with eco-friendly practices, given that they originate from renewable sources.
Food preservatives market share from the beverage application segment is witnessing significant growth up to 2032. The global beverage industry is expanding rapidly, with consumers seeking a wider variety of options, including ready-to-drink and extended-shelf-life beverages. This necessitates the use of effective preservatives to maintain product quality and safety throughout distribution. Also, with consumers increasingly looking for healthier and more natural ingredients in their beverages, there is a growing preference for natural and clean-label preservatives that can extend shelf life without compromising health concerns.
Furthermore, global supply chain complexities and increased consumer awareness about food safety are driving the need for robust preservative solutions to ensure product integrity from production to consumption, fueling industry development.
Europe will account for a substantial share of the global food preservatives market by 2032, due to strong regulatory frameworks and stringent food safety standards, including the use of preservatives that play a vital role in ensuring compliance and preventing foodborne illnesses. Innovation in preservative technologies, such as natural antimicrobials, will continue to foster industry growth by offering healthier and more sustainable preservation solutions to European consumers.
Changing dietary preferences and the rising popularity of ready-to-eat and convenience foods in European households have necessitated the use of preservatives for extended shelf life. Moreover, the aging population and the resultant shift towards packaged and easily accessible foods will also bolster the regional market outlook.
Some of the leading companies in the food preservatives market are Cargill Incorporated, Kerry Group Plc, DuPont de Nemours, Inc., Corbion N.V, BASF SE, Archer Daniels Midland Company, Koninklijke DSM, Kemin Industries, Inc., and Galactic S.A. These companies are focusing on expanding their market presence through strategic measures such as partnerships and new product launches, among others.
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Partial chapters of report table of contents (TOC):
Chapter 5 Market Size and Forecast, By Type
5.1 Key trends, by type
5.2 Natural preservatives
5.3 Synthetic preservatives
Chapter 6 Food Preservatives Market Size and Forecast, By Application
6.1 Key trends, by application
6.2 Bakery & Confectionery
6.3 Beverages
6.4 Dairy & Frozen Products
6.5 Meat, Poultry & Seafood
6.6 Oils & Fats
6.7 Fruits & Vegetables
6.8 Others applications
Chapter 7 Market Size and Forecast, By Function
7.1 Key trends, by function
7.2 Antimicrobial Agents
7.3 Antioxidants
7.4 Others functions
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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