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What Are The Current Trends and Future Forecast For Global Food Preservatives Market?
From $2.94 billion in 2024, the food preservatives market is projected to grow to $3.08 billion in 2025, reflecting a compound annual growth rate (CAGR) of 4.6%. This growth is driven by factors such as increased consumer demand for processed and convenience foods, the need for food shelf-life extension and preservation, and concerns about food safety and spoilage prevention.
Furthermore, the adoption of plant-based and naturally derived preservatives and sustainable preservative ingredients is likely to push the market to a projected value of $3.77 billion by 2029, with a CAGR of 5.1%. Innovations in preservative technologies and their applications, especially in organic foods, meat, and poultry processing are expected to be key trends moving forward.
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What is Driving the Growth of the Food Preservatives Market?
The rise in consumption of ready-to-eat food due to hectic lifestyles is notably driving the food preservatives market. Food quality and safety are bolstered by the use of natural and artificial preservatives, which prevent spoilage resulting from microbial reactions. As a result of the rising working population choosing convenience over cooking at home, the demand for processed and ready-to-eat food has soared.
What Are the Crucial Segments Within the Global Food Preservatives Market?
The Food Preservatives market is divided into the following segments:
1) By Type: Synthetic, Natural
2) By Function: Anti-Microbial, Anti-Oxidant, Chelating Agents, Enzyme Attackers
3) By Application: Beverages, Oils And Fats, Bakery, Dairy And Frozen Products, Snacks, Meat, Poultry, Confectionery, Other Applications
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Who Are The Major Players in The Food Preservatives Market?
Prominent companies operating in the food preservatives market include Kerry Group, Dupont De Nemours Inc., Badische Anilin- und Sodafabrik SE, Cargill Incorporated, Celanese Corporation, Corbion N.V, Archer Daniels Midland Company, Galactic SA, Kemin Industries Inc., and Koninklijke DSM NV, among others.
What New Trends Are Emerging in the Food Preservatives Market?
A shift to natural preservatives is a prominent trend in the food preservatives market. Consumer awareness about the detrimental effects of synthetic preservatives has surged, leading companies to consider natural alternatives such as organic acids, salt, sugar, and others.
Which Region Will Lead the Food Preservatives Market?
In 2024, North America was the largest region in the food preservatives market. However, Asia-Pacific is expected to witness noteworthy growth during the forecast period.
What is the Essence of the Food Preservatives Market Report 2025?
Food preservatives are ingredients that are used to protect food from spoilage and bacterial impact. Depending on their toxicity levels, they can be either toxic or non-toxic and are used in varying levels during food processing. The Global Food Preservatives Market Research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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