The global food preservatives market is predicted to register a CAGR of 6.8% over the forecast period, as per FMI’s analysis. The industry’s market valuation is anticipated to increase from US$ 2,965.62 million in 2023 to US$ 5,725.70 million by 2033 end.
As the clean label movement is in full vigor, consumer curiosity and awareness about food ingredients have heightened. As a result, key manufacturers of food preservatives in the market are adopting a natural approach to keep food fresh for long periods. The continuous use of food preservatives in food production is a primary factor, which is positively influencing the market growth. Numerous benefits of food preservation are motivating market expansion.
Food preservation minimizes food wastage owing to less food spoilage, and warrants food safety via antimicrobial protection. The technique helps extend shelf-life while maintaining fresh taste and quality. Many companies in the market are offering an array of clean-label preservation solutions to provide significant advantages to customers. For instance, Kerry Group plc offers UpGrade, DuraFresh, and Accel.
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With the incorporation of clean-label preservatives, food manufacturers can differentiate their products, claim to have used no artificial preservatives, and overcome shelf-life obstacles. The market is teeming with new opportunities to expand as new-age customers are seeking natural ingredients in their meals, and less processed, natural foods.
Key Highlights:
- The United States is projected to lead the market arena over the forecast period. As consumers are avoiding traditional preservatives like nitrate and sodium nitrite, the scope of clean-label food preservatives is expanding in the country.
- China is projected to be a significant player in the Asia-Pacific food preservatives market. The surging applications of food preservatives in meat, bakery and customized solutions are projected to augment the market growth.
- The growth of the food preservatives industry in India is characterized by the increasing demand for clean-label preservation ingredients to replace traditional lactates, traditional sodium nitrite salts, and diacetates in meat.
- Synthetic preservatives hold a large share of the market. However, natural preservatives are exhibiting increasing demand due to their acceptance by regulatory agencies for processing purposes.
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Latest Market Developments:
- In November 2022, Kemin Industries, Inc. developed a nitrite substitute to be used in the first phase of emulsified cooked sausages. The label-friendly ingredient, Rubinite GC Dry, offers food safety and is available in Europe, the Middle East, and Africa region for food producers.
- In April 2022, Kemin Industries, Inc. announced that it is researching how different ingredients have antimicrobial activity, which can attain a clean label, and maintain the freshness and safety of the product. With this research, the company aims to analyze the way certain ingredients impact the shelf life and pH of sauces and dressings.
- In August 2021, Conagen, Inc. presented a new product in the market, i.e., ‘p-Coumaric Acid’ (PCA). This product is a clean-label and natural preservative that is developed by fermentation.
- In July 2021, DSM declared that it is extending its portfolio of Dairy Safe cheese biopreservation, by selecting new phage-robust culture rotations.
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Key Market Segmentation
By Label:
- Clean Label
- Conventional
By Type:
- Synthetic
- Natural
By Function:
- Antioxidants
- Antimicrobial
- Others
By Application:
- Meat & Poultry Products
- Bakery Products
- Dairy Products
- Beverages
- Snacks
- Others
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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