Food preservatives are added to processed foods and beverages to stop the oxidation of nutrients and the growth of pathogenic bacteria. They contribute to the preservation of food, extending its shelf life, reducing waste, ensuring safety, and improving supply. Sugar, salt, nitrites, vinegar, citric acid, calcium propionate, butylated hydroxyanisole (BHA), butylated hydroxyl toluene (BHT), etc., are some of the frequently used preservatives.
In 2021, the market for food preservatives was worth USD 3 billion, and by 2030 it will reach USD 4.65 billion, growing at a 5% CAGR during the forecast period.
The growing desire for packaged and processed food and consumers’ changing lifestyles are the major factors stimulating the market’s growth.
The market for food preservatives is driven by the rising demand for processed food items, including morning cereals, bread, and ready-made meals worldwide, due to modern lifestyles and shifting eating patterns.
The market for food preservatives is also driven by the food industries’ increased adoption of clean, labeled food items free of artificial preservatives due to rising health consciousness among consumers and high demand for organic food goods. Natural preservatives like grapeseed extracts, citrus oils, and buffered vinegar are used in foods with clean labels.
Furthermore, the market is expanding due to the rising consumption of commercial beverages worldwide, which include preservatives such as sodium benzoate, potassium benzoate, and potassium sorbate to extend shelf life and improve appearance, flavor, and scent.
The market for food preservatives is hamper due to the high demand for organic and natural foods and the limited supply of these products. The government has imposed strict rules and regulations on using hazardous chemicals in food stabilization, which causes manufacturers to face numerous challenges in adding variety to the product. Another problem impeding the market’s growth is the daily rise in the price of natural foods.
Food preservation can benefit consumers by increasing shelf life, reducing decomposition, and immobilizing anti-natural factors that are measure for healthy substances. Food preservation benefits indigenous frugality, and perishable foods can be transport over long distances in a short time.
In 2021, the conventional segment had the highest revenue share of over 65.0%. The use of traditional food preservatives can be done on their own or in combination with other preservation methods. Antioxidants act as oxygen absorbers, and antimicrobial preservatives are the most common conventional preservatives.
Due to a shift in consumer attention toward reliable and easier-to-understand ingredients, the clean-label segment will develop at the quickest rate. The food industry is quickly adopting clean-label preservatives to enable food formulators to fulfill the need of a label-conscious customer base.
In terms of revenue share, synthetic type accounted for about 65% of total revenue in 2021. The synthetic variant is often use because it is inexpensive and easy to create. Sorbates, widely used in meat, poultry, and dairy products, had the biggest market share of any chemical category in 2021. Other common artificial types include propionates, benzoates, and nitrates.
In 2021, antimicrobial preservatives held more than 75.0 percent of the market. Antioxidants are the second most popular preservative on the global market. In the US, sorbates, benzoates, and other chemicals are harmless and serve as antimicrobial preservatives. Moreover, the antioxidant properties of butylated hydroxytoluene make it a desirable substance.
In 2021, meat and poultry led the market with a share of more than 30.0%. Globally, the processed meat, poultry, and seafood industries are expanding, which will drive demand during the forecast period. Food preservatives are use in a wide range of items, such as baked goods, meat and poultry, seafood, beverages, candies, oils and fats, dairy products, and frozen goods.
In 2021, North America had the highest revenue share of over 30.0%. An increase in the product’s different uses in the United States, Canada, and Mexico propelled the market in North America. Existing bakeries and a rise in processed meat consumption will aid the development.
The food & beverage sector is the main driver of market expansion in Europe. The United States, China, Canada, Australia, Saudi Arabia, and Japan are the leading export destinations for Europe’s food and beverage sector. Meat, seafood, dairy, and beverages such as alcoholic beverages, soft drinks, and dairy products make up the bulk of the products exported. Increased food export from Europe will increase the demand for food preservatives necessary to preserve shelf life during transit activities.
- Cargill, Inc.
- Kemin Industries, Inc.
- Tate & Lyle
- Galactic S.A.
- Corbion N.V.
- Celanese Corporation
- BASF SE
In 2021, the market for food preservatives was worth USD 3 billion. And by 2030 it will reach USD 4.65 billion, growing at a 5% CAGR during the forecast period. The market is growing due to rising consumer demand for food products with longer shelf life, driven by changing lifestyles, demanding schedules, and growing urbanization.
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