The global food preservatives market size was valued at USD 3.1 Billion in 2021 It is excepted to reach USD 4.16 Billion by 2028 at a CAGR of 4.3%  during the forecast period 2022 to 2028. Food preservatives are chemicals that are added to or sprayed on food to prevent fungi, bacteria, and other hazardous microbes from growing. Natural and synthetic preservatives are the two types of food preservatives. According to statistics supplied by Coherent Industry Insights in 2016, natural food preservatives dominate the market. Preservatives are used in food to extend shelf life and preserve optimal quality; therefore the market is predicted to develop as the population grows and the occurrence of foodborne diseases rises. Food and beverages are stored after food preservatives have been added to reduce the risk of bacterial infection. Furthermore, throughout the projected period, the increased frequency of different foodborne diseases and disorders such as stomach discomfort, vomiting, and diarrhoea is expected to drive demand for food preservatives.

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Consumer tastes are evolving toward hygienically packed and fortified food products as the focus on maintaining health and cleanliness standards grows. This is a major component driving increased global demand for food preservatives in processed foods such as crackers, cereals, bread, snacks, cheese, yoghurt, deli meats, sauces, and soups. Furthermore, increased urbanisation, hectic lifestyles, rising per capita earnings, and the growing tendency of nuclear families are all encouraging the use of ready-to-eat (RTE) foods that require little preparation and cooking time. Aside from that, people's growing health concern is boosting demand for organic preservatives and products with clear labels. They are non-toxic, soluble, and cost-effective, and they help to preserve the food's original colour, flavour, and texture. They also help to prevent rancidity, improve food appearance, and retain nutritional quality and freshness. Additionally, their use as gelling agents and flavour enhancers in beverages as well as confectionary items is expected to increase around the world.

The global food preservatives market segmentation:

1) by Function: Antimicrobials, Antioxidants, Chelating agents.

2) by Type: Benzoates, Sorbates, Nitrates, Sulphites, Vitamin E&C, Polyphosphates, Disodium EDTA.

3) by Source: Chemicals, Microorganisms, Plants:  

4) Application: Bakery, Beverages, Oils and fats, Dairy products, Seafood, poultry and meat industry, Snacks, Confectionery, Others.

The largest market for food preservatives is North America, followed by Asia-Pacific and Europe. During the anticipated period, the Asia-Pacific market is projected to expand at a faster rate. After China, India is the world's second largest food producer, indicating a potential market for food preservatives in Asia.

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