Global Food Preservatives Market is expected to foresee significant growth. APAC to lead the growth!

A rise in disposable income, growing demand for processed food coupled with the escalating demand for natural preservative are some of the prominent factors contributing to the growth of the food preservative market. Food preservatives are widely being used to enhance the shelf-life of processed food products. A trend nowadays in the food preservatives market is the increase in the use of natural preservatives derived from plants and animal sources. Earlier, synthetic preservatives were preferred, as they were effective. Recently, consumers have switched to foods that are preservative-free, natural, or organic food products. This is making the food industry to develop preservatives that are as good as natural ones. There is an increasing interest in the use of ingredients such as enzymes and live cultures to preserve food products which has developed the natural preservatives market.

The Food Preservatives Market is expected to grow at a steady rate of around 5% owing to the rising awareness about the health benefits of the natural preservatives. Moreover, rising living standards of people which is encouraging them to buy the best quality products for their day-to-day lives. Food preservatives prevent the growth of microorganisms and thus inhibit or delay food spoilage. Depending on the degree of toxicity, they are classified into non-toxic and moderately toxic. Non-toxic preservatives can be used in the processing while moderately toxic are regulated by relevant regulatory bodies such as the U.S. Food and Drug Administration (FDA) and European Food Safety Authority (EFSA) and are identified by appropriate index (INS or E) numbers.

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Based on type, the market is segmented into natural and synthetic. The synthetic segment grabbed the major market share and dominated the market in 2020. The synthetic type is widely used as it is economical and easy to formulate. They can be formulated depending on the application requirements. Based on type, the market is classified into natural and synthetic types. However, with the growing awareness about the health benefits associated with the natural preservative, the demand for natural preservatives is increasing.

On the basis of function, the market is categorized into Anti-microbial, Antioxidant, and Others. Among these, the anti-microbial segment grabbed the major market share and dominate the market in 2020. Antimicrobials are used as preservatives within the food industry to extend product shelf life, improve product safety, maintain product quality, reduce processing costs, and increase the ability to distribute products globally in complex supply chains.

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For a better understanding of the market adoption of the Food Preservatives industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America region dominated the market and grabbed major market share in 2020. However, the Asia-Pacific region is expected to witness the highest CAGR during the forecast period on account of rising disposable income and growing awareness among end-users.

Some of the major players operating in the market include Cargill Inc., Kemin Industries Inc., ADM, Tate & Lyle, Koninklijke DSM N.V., BASF SE, Celanese Corporation, Corbion N.V., Galactic S.A., and Kerry Group PLC.

Global Food Preservatives Market Segmentation

Market Insight, by Type

• Natural
  • Synthetic

Market Insight, by Function

• Anti-microbial
  • Antioxidant
  • Others

Market Insight, by Application

• Meat & Poultry Products
  • Bakery Products
  • Dairy Products
  • Beverages
  • Others

Market Insight, by Region

• North America
  • The United States
  • Canada
  • Rest of North America
• Europe
• Germany
• The United Kingdom
• France
• Italy
• Spain
• Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Rest of Asia-Pacific
• Rest of the World

Top Company Profiles

• Cargill Inc.
  • Kemin Industries Inc.
  • ADM
  • Tate & Lyle
  • Koninklijke DSM N.V.
  • BASF SE
  • Celanese Corporation
  • Corbion N.V.
  • Galactic S.A.
  • Kerry Group PLC