Global Food Preservatives Market

Global Food Preservatives Market Size, Share, Growth Analysis, By Function Sub-Segments Antimicrobials, Antioxidants, Sodium Propionate, Calcium Propionate and Others(Bakery, Meat) - Industry Forecast 2023-2030


Report ID: SQMIG30C2120 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 43 | Figures: 71

Global Food Preservatives Market Insights

Global Food Preservatives Market size was valued at USD 3.27 Billion in 2022 and is poised to grow from USD 3.39 Billion in 2023 to USD 4.38 Billion by 2031, growing at a CAGR of 3.7% in the forecast period (2024-2031).

The use of food preservatives extends across a spectrum of consumables including snacks, confectioneries, bakery products, dairy, meat, and poultry items. The global demand for these preserved products is on the rise, driven by several factors reshaping consumer preferences and market dynamics. Shifts in customer lifestyles, characterized by busy schedules and an inclination towards convenience, contribute to the increasing demand for preserved foods that offer longer shelf life and convenience without compromising taste or quality.

Additionally, the expanding market, facilitating the movement of preserved goods across borders, plays a role in driving this demand. Consumers' growing preference for fresh products also paradoxically contributes to the demand for preserved items, as they seek out convenience without compromising quality.

Market snapshot - 2024-2031

Global Market Size

USD 3.27 Billion

Largest Segment

Beverages

Growth Rate

3.7% CAGR

Global Food Preservatives Market ($ Bn)
Country Share for North America Region (%)
Global Food Preservatives Market By Application (%)

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Global Food Preservatives Market Segmental Analysis

The global Food Preservatives market is segmented into three segments i.e. by Function, Application and Region. Based on Function the market is segmented as, Antimicrobials, Antioxidants, Sodium propionate, Calcium Propionate and Others. By Application the market is segmented as, Bakery, Meat, Poultry, and Seafood, Oils & Fats, Dairy & Frozen Foods, Snacks, Confectionery, Beverages, Others. By Geography the market is segmented as, North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia-Pacific, China, Japan, India, Korea, Australia, Rest of Asia-Pacific, LAMEA, Brazil, KSA, South Africa, Rest of LAMEA,

Analysis by Application

The meat sector emerged as the primary revenue contributor, commanding a substantial share of over 30.0% within the food preservatives market in 2022. This dominance reflects the burgeoning expansion of the processed meat, poultry, and seafood industry on a global scale, a trend poised to fuel heightened demand throughout the forecast period. Food preservatives play a multifaceted role across diverse applications, spanning bakery, meat and poultry, seafood, beverages, confectionery, oils and fats, as well as dairy and frozen products.

Beverages are poised for significant expansion, notably propelled by the burgeoning industry within the Asia Pacific region anticipated as the fastest-growing segment during the forecast period. Preservatives applied in beverages encompass three distinct forms: antioxidants, antimicrobial agents, and anti-browning agents. For instance, ascorbic acid serves dual roles within beverages, functioning both as an antioxidant and an anti-browning agent owing to its inherent properties as a reducing agent.

Analysis by Function

In 2022, antimicrobial preservatives claimed a substantial market share, exceeding 75.0%, positioning them as the dominant segment within the global market. Their prevalence is notably followed by anti-oxidants, marking a secondary yet significant presence in the industry. Preservatives such as sorbates, benzoates, and various other chemical compounds serve as antimicrobial agents, recognized under the generally recognized as safe (GRAS) categorization in the U.S.

Sodium propionate serve as crucial mold inhibitors extensively utilized in various food products such as cheese, cake, bread, and assorted confectionery items. Alongside these chemical preservatives, natural microbial agents sourced from plant or animal origin, such as rosemary extracts and edible oils, also play a pivotal role in food preservation. These natural agents encompass metabolites that effectively impede the development and proliferation of microorganisms, notably countering strains such as Staphylococcus aureus, Aeromonas hydrophila, Salmonella, and Escherichia coli.

Global Food Preservatives Market By Application, 2022 (%)

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Global Food Preservatives Market Regional Insights

North America's projection to forefront the food preservatives market is underpinned by the region's robust processed food industry, significantly reliant on preservatives to uphold extended shelf life and uphold stringent food safety standards. The United States has a multitude of prominent food processing entities and they operate within a well-structured regulatory framework governing the use of food preservatives.

Asia-Pacific is poised for rapid growth in the food preservatives market from 2023 to 2030, attributed to several key factors propelling its expansion. The region's increasing population, coupled with rising urbanization and a notable rise in disposable income levels, sets the stage for an evolving consumer landscape. Shifting dietary preferences towards processed and convenient food options amplify the demand for preservatives in this region.

Global Food Preservatives Market By Region, 2024-2031
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  • Fastest

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Global Food Preservatives Market Dynamics

Drivers

Growing Demand for Processed Foods

  • A significant driving force behind the growth of the global food preservatives market is the rising consumer inclination towards processed and convenient food options. Rapid urbanization and increasingly hectic lifestyles have spurred a greater reliance on ready-to-eat and packaged foods, thereby amplifying the demand for food preservatives. These preservatives play a pivotal role in extending the shelf life of products and ensuring their safety amidst the challenges of transportation and storage. Notably, this trend is particularly prominent in emerging economies across Asia and Africa, where the processed food sector is experiencing rapid expansion.

Restraints

Consumer Concerns about Synthetic Additives

  • Consumer concerns surrounding synthetic food additives, notably synthetic preservatives such as BHA (butylated hydroxyanisole) and BHT (butylated hydroxytoluene), have spurred a notable industry-wide drive towards cleaner and more natural ingredients. This shift in consumer sentiment reflects a growing preference for transparency and healthier options in food choices, prompting a reevaluation of synthetic preservatives. As consumers increasingly prioritize natural and recognizable ingredients, the market for synthetic preservatives faces constraints, with consumers expressing apprehensions regarding their potential health impacts.

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Global Food Preservatives Market Competitive Landscape

The competitive environment of the global Food Preservatives Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry.

Top Player’s Company Profiles

  • Hawkins Watts Limited
  • DSM
  • Cargill, Incorporated
  • Kemin Industries, Inc.
  • Univar Inc.
  • Tate & Lyle
  • Galactic
  • DuPont
  • Brenntag Solutions Group, Inc.
  • ADM (Archer Daniels Midland Company)
  • BASF SE
  • Corbion
  • Celanese Corporation
  • Kilo Ltd
  • AJINOMOTO CO., INC.
  • Prinova Group LLC
  • Jungbunzlauer Suisse AG

Recent Developments

  • In March 2023 DuPont announced the launch of its new line of natural food preservatives. The new preservatives are made from plant-based ingredients and are designed to be more effective and safer than traditional ones.

     

  • In February 2023 Brenntag announced the acquisition of Kemin's food preservation business. The acquisition will give Brenntag a broader portfolio of food preservatives and a stronger position in the global market.

     

  • In July 2023, BioVeritas, a Texas-based startup, developed a clean-label mould inhibitor using a proprietary upcycling and fermentation process. The inhibitor, derived from upcycled biomass, has been shown to be as effective as traditional petrochemical-based ingredients in preserving the flavor and texture of baked goods. The company is seeking GRAS status and plans to establish its first commercial plant in 2026, targeting the North American baked goods industry. Additionally, BioVeritas is exploring applications for its ingredient in processed meat and food and is currently collaborating with global ingredient and food manufacturers.

Global Food Preservatives Key Market Trends

  • The escalating consumer inclination toward clean-label and natural products within the food industry has surfaced as a significant opportunity for companies to drive innovation and meet these evolving preferences. This notable shift in consumer behavior underscores a growing demand for transparency and authenticity in food products. This trend signals a shift towards transparency and healthier choices, prompting companies to develop and introduce food preservatives aligned with these preferences. Natural alternatives such as vinegar, citrus extracts, and plant-derived compounds have gained traction as clean-label preservatives, offering effective and consumer-friendly alternatives to traditional synthetic additives.

Global Food Preservatives Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

The global Food Preservatives market analysis reveals a dynamic marketplace with a number of standout trends and difficulties. The evolving health consciousness among consumers has unlocked a growing opportunity for food preservatives that offer benefits beyond merely extending shelf life. An emerging trend in the food industry involves the integration of preservatives with inherent health advantages. For instance, the inclusion of probiotics and prebiotics as natural preservatives not only serves to prolong the shelf life of products but also aligns with the preferences of health-conscious consumers seeking functional foods. Probiotics and prebiotics, known for their roles in promoting gut health and overall well-being, are increasingly desirable by consumers prioritizing products that offer added health benefits.

Report Metric Details
Market size value in 2022 USD 3.27 Billion
Market size value in 2031 USD 4.38 Billion
Growth Rate 3.7%
Base year 2022
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Function Sub-Segments Antimicrobials, Antioxidants, Sodium Propionate, Calcium Propionate and Others
    • Bakery, Meat, Poultry, and Seafood, Oils & Fats, Dairy & Frozen Foods, Snacks, Confectionery, Beverages, and Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Hawkins Watts Limited
  • DSM
  • Cargill, Incorporated
  • Kemin Industries, Inc.
  • Univar Inc.
  • Tate & Lyle
  • Galactic
  • DuPont
  • Brenntag Solutions Group, Inc.
  • ADM (Archer Daniels Midland Company)
  • BASF SE
  • Corbion
  • Celanese Corporation
  • Kilo Ltd
  • AJINOMOTO CO., INC.
  • Prinova Group LLC
  • Jungbunzlauer Suisse AG
Customization scope

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  • Company profile
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  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Food Preservatives Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Food Preservatives Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Food Preservatives Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Food Preservatives Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Food Preservatives Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Food Preservatives Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Global Food Preservatives Market size was valued at USD 3.15 Billion in 2021 and is poised to grow from USD 3.27 Billion in 2022 to USD 4.38 Billion by 2030, growing at a CAGR of 3.7% in the forecast period (2023-2030).

The competitive environment of the global Food Preservatives Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry. 'Hawkins Watts Limited ', 'DSM ', 'Cargill, Incorporated ', 'Kemin Industries, Inc. ', 'Univar Inc. ', 'Tate & Lyle ', 'Galactic ', 'DuPont ', 'Brenntag Solutions Group, Inc. ', 'ADM (Archer Daniels Midland Company) ', 'BASF SE', 'Corbion ', 'Celanese Corporation', 'Kilo Ltd ', 'AJINOMOTO CO., INC. ', 'Prinova Group LLC ', 'Jungbunzlauer Suisse AG'

A significant driving force behind the growth of the global food preservatives market is the rising consumer inclination towards processed and convenient food options. Rapid urbanization and increasingly hectic lifestyles have spurred a greater reliance on ready-to-eat and packaged foods, thereby amplifying the demand for food preservatives. These preservatives play a pivotal role in extending the shelf life of products and ensuring their safety amidst the challenges of transportation and storage. Notably, this trend is particularly prominent in emerging economies across Asia and Africa, where the processed food sector is experiencing rapid expansion.

The escalating consumer inclination toward clean-label and natural products within the food industry has surfaced as a significant opportunity for companies to drive innovation and meet these evolving preferences. This notable shift in consumer behavior underscores a growing demand for transparency and authenticity in food products. This trend signals a shift towards transparency and healthier choices, prompting companies to develop and introduce food preservatives aligned with these preferences. Natural alternatives such as vinegar, citrus extracts, and plant-derived compounds have gained traction as clean-label preservatives, offering effective and consumer-friendly alternatives to traditional synthetic additives.

North America's projection to forefront the food preservatives market is underpinned by the region's robust processed food industry, significantly reliant on preservatives to uphold extended shelf life and uphold stringent food safety standards. The United States has a multitude of prominent food processing entities and they operate within a well-structured regulatory framework governing the use of food preservatives.

Global Food Preservatives Market size was valued at USD 3.27 Billion in 2022 and is poised to grow from USD 3.39 Billion in 2023 to USD 4.38 Billion by 2031, growing at a CAGR of 3.7% in the forecast period (2024-2031).

The competitive environment of the global Food Preservatives Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry. 'Hawkins Watts Limited', 'DSM', 'Cargill, Incorporated', 'Kemin Industries, Inc.', 'Univar Inc.', 'Tate & Lyle', 'Galactic', 'DuPont', 'Brenntag Solutions Group, Inc.', 'ADM (Archer Daniels Midland Company)', 'BASF SE', 'Corbion', 'Celanese Corporation', 'Kilo Ltd', 'AJINOMOTO CO., INC.', 'Prinova Group LLC', 'Jungbunzlauer Suisse AG'

A significant driving force behind the growth of the global food preservatives market is the rising consumer inclination towards processed and convenient food options. Rapid urbanization and increasingly hectic lifestyles have spurred a greater reliance on ready-to-eat and packaged foods, thereby amplifying the demand for food preservatives. These preservatives play a pivotal role in extending the shelf life of products and ensuring their safety amidst the challenges of transportation and storage. Notably, this trend is particularly prominent in emerging economies across Asia and Africa, where the processed food sector is experiencing rapid expansion.

The escalating consumer inclination toward clean-label and natural products within the food industry has surfaced as a significant opportunity for companies to drive innovation and meet these evolving preferences. This notable shift in consumer behavior underscores a growing demand for transparency and authenticity in food products. This trend signals a shift towards transparency and healthier choices, prompting companies to develop and introduce food preservatives aligned with these preferences. Natural alternatives such as vinegar, citrus extracts, and plant-derived compounds have gained traction as clean-label preservatives, offering effective and consumer-friendly alternatives to traditional synthetic additives.

North America's projection to forefront the food preservatives market is underpinned by the region's robust processed food industry, significantly reliant on preservatives to uphold extended shelf life and uphold stringent food safety standards. The United States has a multitude of prominent food processing entities and they operate within a well-structured regulatory framework governing the use of food preservatives.

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