all report title image
  • Published On : Jun 2022
  • Code : CMI356
  • Industry : Food Ingredients
  • Pages : 168
  • Formats :

Food preservatives are substances added to or sprayed on food to restrict the growth of fungi, bacteria, and other harmful microorganisms. Food preservatives are broadly classified as natural and synthetic. food preservation systems combine various food preservation methods. Boiling (e.g., to lower fruit's moisture content and kill bacteria), sugaring (to inhibit re-growth), and sealing in an airtight container are all steps involved in the process of preserving fruit by converting it into jam (to prevent recontamination).

The food preservatives market was valued at US$ 3.04 Billion in 2021, expected to exhibit a CAGR of 4.50% during the forecast period (2022 to 2030).

Drivers

The food preservatives market is driven by the increasing demand for packaged food by the growing population and propelling urbanization in Asia Pacific. Moreover, natural food preservatives are traditional preservatives that use old techniques or processes which include making of jams, pickles, juices, among others. Also, salt is applied to meat and fish to preserve from bacterial effects.

Bacteria, viruses, parasites, or chemical compounds enter the body through contaminated food and produce foodborne illnesses, which are usually infectious or poisonous in nature. Many foodborne illnesses can cause long-term impairment or death. For instance, on June 6, 2022, , a handmade ice cream manufacturer in Baltimore, Maryland, has recalled its Peanut Butter Cup ice cream as it could be contaminated with Salmonella, a bacteria that can cause serious and often deadly infections in small children, the elderly, and others with compromised immune systems. As a result, increasing food-borne diseases is expected to drive , as it helps to increase the self-life and maintain the overall quality of the food for a longer duration of time.

Among regions, Europe held a dominant position in the global food preservatives market in 2021 with a revenue share of 29.1%, due to the high demand for food preservatives in applications such as dairy products, meat, poultry and sea food, bakery, beverages, and confectionery. Furthermore, improved economic conditions, government initiatives, and the growing food industry are driving the market growth in this region.

Figure 1. Global Food Preservatives Market Volume Share (%), By Region, 2021

Food Preservatives  | Coherent Market Insights

Market Restraints

Increasing demand for natural food products is expected to be the key challenge for market growth during the forecast period. Natural foods are considered healthier than those with synthetic preservatives by consumers. Natural sources are limited and natural preservatives such as nisin and natamycin are at least ten times more expensive than chemical preservatives. Many natural preservatives have yet to be commercially produced. The commercialization of natural preservative production processes has yet to take place.

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Food Preservatives Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2022: 3.04 Bn 
Historical Data for: 2017-2021 Forecast Period: 2022
Forecast Period 2022 to 2030 CAGR: 4.50% Forecast Period: 2022-2030
Geographies covered:
  • Region: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa
Segments covered:
  • By Source: Natural, Synthetic
  • By Functionality: Anti-Oxidants, Anti-Microbial
  • By Application: Dairy Products, Meat, Poultry and Sea Food, Bakery, Beverages, Confectionery
Companies covered:

BASF SE, Kerry Group Plc, Kemin Industries, Inc., DuPont Nutrition & Biosciences, ADM, Foodchem International Corporation, Corbion, Celanese Corporation, and Jungbunzlauer Suisse AG

Growth Drivers:
  • Increasing demand for packaged food by the growing population and propelling urbanization
  • Increasing risk of foodborne diseases
Restraints & Challenges:
  • Increase demand for natural food products

Market Trends

The rising beverages industry is one of the key trends which is expected to drive the global food s market. As individuals become more aware of the health benefits of functional foods, they are drinking more functional beverages. Natural preservatives are increasingly used in the formulation process by beverage manufacturers to gain a competitive advantage. , a Dutch food and biochemical company for example, announced in March 2021 that it will begin a project to increase its capacity for producing lactic acid and lactic acid derivatives.

Figure 2. Global Food Preservatives Market Value Share (%), By Application, 2021

Food Preservatives  | Coherent Market Insights

Among application, Meat, Poultry and Sea Food held the largest value share of 37.0% in the global food preservatives market in 2021.

Global Food Preservatives Market - Impact of Coronavirus (COVID-19) Pandemic

Food Preservatives was positively impacted by the effect of the COVID-19 pandemic. Due to travel limitations around the world, the COVID-19 epidemic has resulted in increased sales of retail and off-the-shelf products. As a result, a significant section of the world's population began hoarding food and other food goods for their homes. In the medium term, this had a positive impact on industrial demand for food preservatives.

Recent Developments

  • In April 2021, The 'Performance and Formulation Additives' division of had developed a new website. The new website has a number of useful features. Its architecture allows for quicker and easier access to new additives, meeting growing market demands for performance and sustainability as well as higher regulatory requirements.
  • In July 2021, Corbion had reached a deal to acquire Granolife completely for an undisclosed amount. Granolife is a leading manufacturer of functional mixes for the baking and fortification sectors in Mexico
  • In March 2020, through 2025, Corbion plans to invest in important growth sectors such as natural food preservation and lactic acid, while exiting its co-packing, blending, and frozen dough businesses.

Competitive Section

Major players operating in the global food preservatives market include BASF SE, Kerry Group Plc, Kemin Industries, Inc., DuPont Nutrition & Biosciences, ADM, Foodchem International Corporation, Corbion, Celanese Corporation, and Jungbunzlauer Suisse AG

Food preservatives are substances added or sprayed onto food to restrict the growth of fungi, bacteria, and other harmful microorganisms. Increasing demand for convenience and packaged food is driving growth of the global food preservatives market. Natural food preservatives are the most preferred preservative and the segment is expected to gain further traction over the forecast period, according to the stats provided by Oil and salt are the primary natural food preservatives used to preserve food. For instance, salt is used to trap the water content in the food and is applied to store dried vegetables and fruits. Moreover, citric juices are also used as antioxidants and helps in fermentation of various foods. Increasing population, growing urbanization and increasing number of women in the workforce is increasing demand for processed and ready-to-eat food products, in turn driving growth of the global food preservatives market.

The quality of food and food systems is affected differently by different food preservation technologies. When compared to modern techniques of food preservation, several old methods have been demonstrated to have a lower energy input and carbon footprint. Some food preservation procedures are known to produce carcinogens.

Market Dynamics

Asia Pacific is expected to be the fastest-growing market during the forecast period. The Asia Pacific food and beverage business is influenced by consumer preferences for natural and organic foods, a balanced diet, and increased demand for convenient food products. As a result of emerging countries, more industrialization, rising processed food consumption, and customer preference for high-quality products, ingredient suppliers are becoming more optimistic about the food and beverage industry's future. Despite rising awareness of the health dangers associated with synthetic food additives, have necessitated the use of more chemicals in meals. Europe was the largest market for food preservation in 2021 and the region is expected to retain its dominance in the market through 2030.

Synthetic food preservatives are the most effective and seem to be the best for longer shelf. For instance, ethanol is used to preserve wine to increase shelf. Moreover, various synthetic antioxidants such as Vitamin C, butylated hydroxyanisole (BHA), sodium nitrate, benzoic acid, and sulfur dioxide are used to restrict the bacterial growth and increase shelf of food.

However, one of the major challenges for the food preservatives market is expected to be stringent government regulation. For instance, in February 2022 , Due to the adoption of the Northern Ireland Protocol, the use of titanium dioxide as a food additive is no longer permitted in the nion  and Northern Ireland.

Key features of the study:

  • This report provides an in-depth analysis of the global food preservatives market, market size (US$ billion), and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global food preservatives market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include BASF SE, Kerry Group Plc, Kemin Industries, Inc., DuPont Nutrition & Biosciences, ADM, Foodchem International Corporation, Corbion, Celanese Corporation, and Jungbunzlauer Suisse AG
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
  • The global food preservatives market report caters to various stakeholders in this industry including investors, suppliers, food preservatives manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global food preservatives market

Detailed Segmentation:

  • Global Food Preservatives Market, By Source:
    • Natural
    • Synthetic
  • Global Food Preservatives Market, By Functionality:
    • Anti-Oxidants
    • Anti-Microbial
  • Global Food Preservatives Market, By Application:
    • Dairy Products
    • Meat, Poultry and Sea Food
    • Bakery
    • Beverages
    • Confectionery
  • Global Food Preservatives Market, By Region:
    • North America
      • By Country:
        • U.S
        • Canada
    • Latin America
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Country:
        • Germany
        • U.K
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East & Africa
      • By Country/Region:
        • Middle East
        • Africa
  • Company Profiles
    • BASF SE
      • Company Overview
      • Product Portfolio
      • Key Strategies
      • Recent Developments
      • Future Plans
  • Kerry Group Plc
  • Kemin Industries, Inc.
  • DuPont Nutrition & Biosciences
  • ADM
  • Foodchem International Corporation
  • Corbion
  • Celanese Corporation
  • Jungbunzlauer Suisse AG

“*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

Global food preservatives market was valued at around US$ 3.04 Billion in 2022.
Increasing demand for packaged food by the growing population and propelling urbanization is one of the major factors that is expected to drive the growth of the market over the forecast period.
The rising beverages industry is expected to create a demand for preservatives, which is one of the key trends in the market.
The key limitation for market growth over the forecast period is expected to be rising demand for natural food items.
Major players operating in the market include BASF SE, Kerry Group Plc, Kemin Industries, Inc., DuPont Nutrition & Biosciences, ADM, Foodchem International Corporation, Corbion, Celanese Corporation, and Jungbunzlauer Suisse AG
The market is expected to grow at around 4.50% CAGR during the forecast period (2022-2030).

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