IMARC Group, a leading market research company, has recently released a report titled “Food Preservatives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.” The study provides a detailed analysis of the industry, including the global food preservatives market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

What Are The Growth Prospects Of The Food Preservatives Industry?

According to the report, The global food preservatives market size reached US$ 2.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.6 Billion by 2027, exhibiting a growth rate (CAGR) of 4.6% during 2022-2027.

What is Food Preservatives?

Food preservatives are added to prevent food spoilage caused by the growth of bacteria, molds, fungi, and yeast. They include sugar, table salt, vegetable oil, vinegar, sodium nitrate (NaNO3), sodium propionate (C3H5NaO2), and sodium benzoate (C6H5COONa). They are non-toxic, readily soluble, do not impart off-flavors, and exhibit antimicrobial properties. They aid in preventing changes in the food color, flavor, and texture and assist in delaying rancidity and extending its shelf-life. At present, food preservatives are extensively used in meat and poultry, bakery, dairy, beverages, and snacks across the globe.

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What are the growth prospects and trends in the Food Preservatives industry?

The growing working population and increasing demand for convenience food items that need minimal preparation time currently represent one of the key factors positively influencing the market. In addition, shifting consumer preferences towards hygienically packed food and the escalating demand for food products with a longer shelf life are strengthening the market growth. Apart from this, the rising focus on using natural preservatives, such as plant extracts, chitosan, bacteriocins, bioactive peptides, and essential oils, is offering lucrative growth opportunities to market players for increasing their consumer base. Other factors, including the thriving e-commerce sector and the growing accessibility of packed food products, are stimulating the market growth worldwide.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

  • Natural
    • Edible Oil
    • Rosemary Extracts
    • Natamycin
    • Vinegar
    • Others
  • Synthetic
    • Propionates
    • Sorbates
    • Benzoates
    • Others

Breakup by Function:

  • Anti-Microbial
  • Anti-Oxidant
  • Others

Breakup by Application:

  • Meat and Poultry
  • Bakery
  • Dairy
  • Beverages
  • Snacks
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

  • Albemarle Corporation
  • Archer Daniels Midland Company
  • BASF SE
  • Cargill Incorporated
  • Celanese Corporation
  • Corbion N.V.
  • Dupont De Nemours Inc.
  • Galactic S.A.
  • Jungbunzlauer Suisse AG
  • Kemin Industries Inc.
  • Koninklijke DSM N.V.
  • Tate Lyle PLC.

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