USD 3.2 Billion
Global Preservatives Market Size, Share, Growth Analysis, By Type(Antioxidants, antimicrobials), By Application(Bakery and confectionery, meat and poultry) - Industry Forecast 2024-2031
Report ID:
SQMIG30H2157 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
68 |
Figures:
71
Global Preservatives Market Insights
Global Preservatives Market size was valued at USD 3.2 Billion in 2022 and is poised to grow from USD 3.34 Billion in 2023 to USD 4.76 Billion by 2031, growing at a CAGR of 4.5% during the forecast period (2024-2031).
The global preservatives market continues to demonstrate steady growth driven by increasing consumer awareness about product safety and shelf-life extension. In the food and beverage sector, demand for natural and clean-label preservatives remains on the rise, reflecting changing consumer preferences for healthier and minimally processed products.
The personal care and cosmetics industry also contributes significantly to the market, as manufacturers seek effective preservatives to maintain product quality and safety.
Moreover, the pharmaceutical sector relies on preservatives to ensure the integrity and longevity of various drug formulations. As regulatory authorities continue to tighten standards for preservative use, companies are investing in research and development to innovate and meet these evolving requirements.
However, the global preservatives market is characterized by a growing emphasis on natural alternatives and stringent regulatory compliance, shaping the landscape for both traditional and emerging preservative solutions.
Despite facing high cost challenges and time constraints due to regulatory compliance issues and other obstacles, market growth is steadily rising. Currently, North America holds the dominant position in the market, although the Asia-Pacific region is raking in revenue as well. Overall, the global preservatives market can keep following its upward trajectory.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
antioxidants
Fastest Growth
antimicrobials
Growth Rate
4.5% CAGR
Global Preservatives Market ($ Bn)
Country Share for North America Region (%)
Global Preservatives Market By Type ($ Bn)
Global Preservatives Market By Type (%)
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Global Preservatives Market Segmental Analysis
The global preservatives market is segmented into three major segments i.e. by type, application and region. Based on type, it is divided into antioxidants, antimicrobials, acidulants, and other types. Based on Application, it is bifurcated as bakery and confectionery, meat and poultry, ready meals, sweet and savory snacks, sauces and dressings, edible oils, and other applications. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Type
Among all the types, antioxidants proved to be the dominating in the market. Antioxidants play a vital role in preserving the quality and extending the shelf life of various products, making them a dominant category in the preservatives market. Their prominence stems from their ability to combat oxidative degradation, which is a key concern in industries like food, where preventing spoilage and maintaining product freshness are paramount.
However, antimicrobials are experiencing the fastest growth within the preservatives market. This growth is driven by increased consumer demand for minimally processed and healthier foods, which necessitates effective antimicrobial solutions for food safety. Additionally, the ongoing focus on reducing synthetic additives has led to innovations in natural antimicrobials, further fueling their rapid expansion.
Analysis by Application
Bakery and confectionery is a dominating application for preservatives due to the extensive range of products in this category. The need for extended shelf life and freshness preservation in baked goods and confectionery items is a primary driver. Additionally, consumer demand for convenient and long-lasting bakery products further contributes to its dominance.
However, sweet and savory snacks are among the fastest-growing applications in the preservatives market. This growth is propelled by the increasing popularity of snacking culture globally, where consumers seek convenient, on-the-go options. Preservatives help maintain the taste, texture, and quality of these products over an extended period, making them suitable for a wide range of consumption scenarios.
Global Preservatives Market By Type, 2023 (%)
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Global Preservatives Market Regional Insights
Within the global preservatives market, North America commanded a leading position. Preservatives had to be used because of stringent regulations and the increased demand for processed foods and drinks. Further propelling preservative innovation for the benefit of North American suppliers was the customer trend toward natural and clean-label products.
However, because of its growing disposable income, burgeoning processed food and cosmetics sectors, and growing population, the Asia Pacific region is seeing the highest development in the preservatives industry. Effective preservatives are becoming progressively more necessary as consumer preferences and lifestyles change, increasing the demand for packaged and longer-lasting goods.
Global Preservatives Market By Region, 2024-2031
- Largest
- Fastest
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Global Preservatives Market Dynamics
Drivers
Consumer Demand for Natural and Clean-Label Products
- The global preservatives market is being heavily driven by customers' increasing preference for natural and clean-label products. Customers who are concerned about their health are putting forth pressure on manufacturers to replace synthetic preservatives with organically rich alternatives, demanding less hazardous and more transparent lists of components. Resulting from the upsurge in consumer demand, companies are developing preservative solutions that meet regulatory requirements and meet consumer expectations for more nutritious and environmentally healthy products, thus encouraging innovation in the industry.
Restraints
Regulatory Compliance Challenges
- The preservatives industry faces considerable challenges due to the tighter regulations limiting the usage of preservatives in several industries, particularly the food and cosmetics fields. It could be costly and time-consuming for manufacturers to comply with these ever-changing regulatory standards, which could impede their ability to expand and establish themselves in the market.
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Global Preservatives Market Competitive Landscape
Global preservatives market competition is characterized by fierce rivalry between established players and a growing array of new entrants. In order to meet evolving consumer demands for clean-label products, all major manufacturers in this market continuously devote big investments in research and development to create innovative, natural, and ecologically sound preservative solutions.
Additionally, partnerships and acquisitions have become common strategies for market players to expand their product portfolios and geographic presence. As sustainability and regulatory compliance take center stage, companies are increasingly focusing on eco-friendly and globally accepted preservatives, further intensifying competition in this dynamic market.
Top Player’s Company Profiles
- Zhejiang Bossen Technology Co., Ltd. (China)
- APAC Chemical Corp. (China)
- Nantong Acetic Acid Chemical Co., Ltd. (China)
- Jinneng Science and Technology Company Ltd. (China)
- Guangzhou ZIO Chemical Co., Ltd. (China)
- Nanjing Jiayi Sunway Chemical Co., Ltd. (China)
- CFS Wanglong Flavors Co., Ltd. (China)
- Tianjin Haitong Chemical Industrial Co., Ltd. (China)
- Wanglong Tech Co., Ltd. (China)
- Celanese Corp. (US)
- FBC Industries (US)
- Veckridge Chemical (US)
- Shandong Hongda Group (China)
- REIPU (QINGDAO) International Trade Co., Ltd. (China)
- Jiangsu Mupro IFT Corp. (China)
- Daicel Corp. (Japan)
Recent Developments
- In January 2023, Chr. Hansen, a bioscience company that is a leading supplier of bacteria cultures, probiotics, enzymes and human milk oligosaccharides, and BASF, the largest chemical producer in the world, established a partnership to create novel plant-based preservatives.
- In February 2023, Kemin Industries, a global ingredient manufacturer that supplies over 500 specialty ingredients for human health, food safety and protection of the global food supply chain, revealed that their line of preservatives has been expanded.
- In March 2023, A brand-new preservative for baked goods was introduced by Tate & Lyle, a global supplier of food and beverage products to food and industrial markets.
Global Preservatives Key Market Trends
- Rising Focus on Sustainability: Sustainability has emerged as a significant trend in the market for preservatives. Along with healthier options, products with less of an impact on the environment are also in demand. This trend is pushing for the production and utilization of sustainable packaging options and ecologically sound preservatives to cut waste and carbon emissions all the way through the supply chain.
Global 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.
Based on our analysis of the global preservatives market, the sector is undergoing a considerable transformation due to shifting client preferences and regulatory dynamics. Organic and clean-label preservatives are starting to become more and more common in the market due to growing customer concerns about their health. Producers have been compelled by this shift to invest in R&D, which has led to the introduction of inventive plant-based preservative substitutes.
Sustainability has become a major focus in this industry, with a focus on reducing adverse environmental impacts throughout the entire supply chain. This entails developing packaging solutions that are good to the environment and use preservatives that help achieve sustainable development goals.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 3.2 Billion |
| Market size value in 2031 | USD 4.76 Billion |
| Growth Rate | 4.5% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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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 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
- Exhibit: Impact analysis of DROC, 2021
- 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 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
- Exhibit: Impact analysis of DROC, 2021
- 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
- Competitive rivalry
- 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(%)
- Total number of companies covered
Methodology
For the Global 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 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 Preservatives Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global 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.
Global Preservatives Market Report Snapshots
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