Food Preservatives Market Business Drivers, Top Companies and Competitive Analysis

Food Preservatives Industry Overview

The global food preservatives market size was valued at USD 2.77 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.6% from 2022 to 2030. Food preservatives are the products incorporated during food processing to increase stability and avoid spoilage. They are added in small quantities to various types of food depending on the need. Traditionally, salt, sugar, and spices were used to preserve meat and other food types. 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.

Gather more insights about the market drivers, restraints, and growth of the Global Food Preservatives Market

Food preservatives are used for preserving snacks, confectioneries, bakery products, dairy, meat, and poultry products. Demand for these products is increasing globally owing to various factors such as a change in customer lifestyle, the surge in imports and exports, increasing preference for fresh products, and a rise in consumer willingness to pay a premium price.

North America acquired the maximum market share in 2021 and is expected to continue its dominance for the next few years. Increased availability of processed foods and greater acceptance of ready-to-eat foods from consumers in the U.S. and Canada are driving the demand for convenience foods.

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Food Preservatives Industry Segmentation

Grand View Research has segmented the global food preservatives market based on label, type, function, application, and region:

Food Preservatives Label Outlook (Revenue, USD Million, 2017 - 2030)

• Clean Label
• Conventional

Food Preservatives Type Outlook (Revenue, USD Million, 2017 - 2030)

• Natural
• Synthetic

Food Preservatives Function Outlook (Revenue, USD Million, 2017 - 2030)

• Anti-microbial
• Anti-oxidant
• Others

Food Preservatives Application Outlook (Revenue, USD Million, 2017 - 2030)

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

Food Preservatives Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
• Europe
• Asia Pacific
• Central & South America
• MEA (Middle East & Africa)

Market Share Insights:

August 2021: Conagen, Inc. launched its new product ‘p-Coumaric Acid’ (PCA), which is a natural and clean-label preservative that is prepared by fermentation.

Key Companies profiled:

Some prominent players in the global Food Preservatives Industry include

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

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