The global food preservatives market is growing at a significant CAGR of around 3.4% during the forecast period (2020-2026). Food preservatives are regarded as a chief ingredient in the food industry for increasing the shelf-life of the product. These are added into the food to enhance its efficiency against spoilage organisms. There are several pivotal factors that are driving the global food preservatives market, which includes the rising demand for convenience food products and increasing use of natural preservatives in non-vegetation food products. The demand for convenience food is mounting the need for the development of convenience stores for food. According the National Association of Convenience Store, there are around one million convenience stores across the globe. These convenience stores are further expected to grow during the forecast period, owing to the rising disposable income, backed by the significant adoption of advertisement services for the branding of the convenience food products.
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Moreover, increasing trend for natural preservatives and clean label products are further expected to drive the market growth during the forecast period. In addition, the continuous growth in the food processing industry in emerging economies, such as India and China, will certainly offer growth to the market in the near future. The Indian government has set up a $300 million “Food Processing Fund” to support the opening and growth of food parks. There are currently 42 Mega Food parks being set up. This program by the government has prompted investment from many multinational food processing companies such as Kraft, Mars, Nestle, Kellogg, Coca Cola, and others. However, the transition towards organic food products, use of preservation technique, and limited availability of natural preservatives will affect the market growth during the forecast period.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Food Preservatives Market-Segmentation
By Type
- Natural Preservatives
- Synthetic Preservatives
By Application
- Bakery
- Dairy & Frozen Products
- Meat, Poultry & Seafood
- Beverages
- Others (Snacks and Sauces)
Global Food Preservatives Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global food preservatives market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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