About Food Preservative
Food preservatives are substances or chemicals that are added to the food products to prevent decomposition by microbial growth or by undesirable chemical changes in the food. It helps to keep the food products safe and nutritious for a longer time. In food preservation maintaining or creating nutritional value, texture and flavor is an important aspect. They are of two types including natural preservatives and chemical preservatives. Natural preservatives are obtained from natural sources such as table sugar, salt, vegetables and other sources. Increasing awareness among people about the health benefits of natural products leads to demand for natural food preservatives. The chemical preservatives are synthetic or artificial preservatives such as sodium benzoate, sodium meta-sulfide and others. They can be organic or inorganic chemical preservatives. They can be added to the food products or can be sprayed on food products.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 2.8% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. The market is expected to grow in the food and beverage industry as well the grocery sector. It has wide application in various industry verticals. Several companies such as E-bay, Amazon, Flipkart, and Walmart are operating in the market to provide customers with various features & unique offering products, services, and prices. The market is a highly fragmented market with the presence of several market players and local players. The demand for the market is huge which has wide consumption from the various end-user that is triggering the market growth over the forecast period Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Food Preservative market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Danisco A/S (Denmark), Akzo Nobel N.V. (Netherlands), Kemin Industries (United States), Cargill, Inc. (United States), Hawkins Watts Limited (Australia), Celanese Corporation (United States), Univar Inc. (United States), Tate & Lyle (United Kingdom), Kerry Group (Ireland) and Koninklijke DSM N.V. (Netherlands) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Food Preservative market by Type (Natural Preservatives (Edible Oil, Rosemary Extracts, Natamycin, Vinegar and Others) and Artificial Preservatives (Propionates, Sorbates, Benzoates and Others)), Application (Meat, Poultry and Seafood, Beverages, Dairy and Frozen, Bakery and Others) and Region.
On the basis of geography, the market of Food Preservative has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Function, the sub-segment i.e. Anti-Microbial will boost the Food Preservative market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand for Natural Food Preservatives Because Of Side Effects of Chemical Preservatives
Market Growth Drivers:
High Demand For Packaged Food Products, Rise in the Disposable Income of the People, Shifting Consumer Preference toward Natural Products and Increased Marketing and Promotional Activities
Challenges:
Several Risks Associated With Chemical Preservatives Such As Deadly Allergic Reactions By Suflites, Increased Risk Of Cancer Etc.
Restraints:
Fluctuations in the Raw Material Prices and Heavy Taxation Policies and Stringent Regulations
Opportunities:
Growing Food and Beverage Industry Worldwide, Increasing Demand from Developing Countries Such As India and China, Robust Increase in Distribution Channels and Huge Investments and Franchising By Major Players
Market Leaders and their expansionary development strategies
In December 2023, UNIDO and DHL Group join forces to tackle food waste and climate impact. The event featured the partnership signing ceremony and the launch of the "Innovation for Food Systems Transformation" global innovation challenge by UNIDO and DHL Group.
In November 2023, Freund Corporation launches environmentally friendly food preservative Antimold-Mild EF. It is made from powderized ethanol and filled in packet. And when packaged with confectionery or bread, the evaporating ethanol gas inhibits the growth of microorganisms in food products, preventing the growth of mold and other problems.
Key Target Audience
Food Preservatives Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.