The natural food preservatives market is expected to be valued at USD 435.2 Mn in 2022 and is projected to reach USD 856.1 Mn by 2032, growing at a CAGR of 7% from 2022 to 2032.
Increased demand for convenience goods, as well as a growing emphasis on organic food items, has resulted in a growing preference for foods with extended shelf life, which has led in an increase in demand for natural food preservatives across the board. Natural food preservative sales revenue is predicted to reach US$ 796.5 Mn by 2028, up from US$ 484.2 Mn at the end of 2018.The rapidly expanding consumption of packaged and processed food is one of the major drivers driving revenue growth in the global industry.
People’s dietary habits have changed as a result of urbanisation and fast-paced lifestyles, since they find it easier to consume packaged and ready-to-eat food items. Processed food and beverage commodities must be preserved using suitable techniques and safe additives to extend shelf life and avoid decomposition. As a result, natural food preservatives are in increased demand.
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The harmful impact of chemical ingredients used in the preparation and processing of food and beverage products is creating a shift in the F&B industry towards the use of natural food ingredients. Owing to the harmful health problems caused by chemical additives, F&B manufacturers are moving away from synthetic food preservatives and incorporating safer, natural food preservatives in their products. Further, imposition of stringent regulations by the governments of several countries across the globe against the use of synthetic food ingredients has led to a ban on synthetic food preservatives in the F&B industry. This is another key driver pushing revenue growth of the global natural food preservatives market.
Natural Food Preservatives Market Not Devoid of Challenges; Manufacturers Struggle to Contain Costs and Battle Latest and More Advanced Food Preservation Technologies
Although employing natural food preservatives is advantageous for public health, pricing can be a significant barrier to the market’s long-term expansion. Due to the significant costs involved in processing and creating natural food preservatives, they are more expensive than their synthetic counterparts. Due to cost considerations, a number of mid-sized and small F&B industry firms limit their production to the use of synthetic and chemical-based preservatives. The need to keep manufacturing costs under control for producers of packaged and processed foods is a significant revenue growth inhibitor in the global market for natural food preservatives.
Raw material pricing is another revenue puller. Natural food preservatives obtained from vegetables, fruits, and certain types of plants are priced according to the availability and production of raw material. Fluctuating prices of raw material impact operational efficiencies in the natural food preservatives market. Impact of unfavourable weather conditions on the availability of raw material further leads to inconsistent output, as most of the natural food preservatives are sourced from plants.
Key Segments
Global Natural Food Preservatives Market – By Source
- Plant
- Animal
- Microbial
- Mineral
Global Natural Food Preservatives Market – By Product Type
- Microbial Derived
- Nisin
- Natamycin
- Rosemary Extract
- Botanical Extracts
- Natural Acids
- Salts
Global Natural Food Preservatives Market – By Form
- Powder/Granules
- Liquid
Global Natural Food Preservatives Market – By End Use
- Bakery
- Confectionery
- Dairy Products
- Yogurt & Sour Cream
- Cheese & Butter
- Soups
- Beverages
- Dairy-based
- Plant-based
- Juices
- Snacks
- Jams & Spreads
- Meat, Fish, & Poultry Products
- Sauces & Dressings
Global Natural Food Preservatives Market – By Region
- North America
- Western Europe
- Eastern Europe
- Latin America
- Asia Pacific excluding Japan
- Japan
- Middle East & Africa
Another challenge being witnessed in the global market for natural food preservatives is the emergence of newer and more advanced food preservation technologies that might render traditional preservation techniques obsolete in the near future. Techniques such as High-pressure Processing (HPP) – a cold pasteurisation technique that increases shelf life of food products and Pulsed Electric Fields (PEF) – a non-thermal technique that protects food from microbial spoilage through electric pulses are fast gaining traction in the natural food preservatives market. Older methods of preserving food using natural plant-derived preservatives is slowly losing significance, and this is expected to restrain revenue growth of the natural food preservatives market to a certain extent.
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Key Questions Answered in the Report
- How much is the natural food preservatives market current worth?
Currently natural food preservatives market is worth more than USD 406.7 Mn.
- At what CAGR is the market expected to grow?
Natural food preservatives consumption is expected to grow at a CAGR of around 7% during the period 2022-2032.
- How was the performance in the last five years?
In terms of revenue, natural food preservatives grew at a CAGR of around 6.1% during 2017-2021
- What is boosting natural food preservatives sales?
The primary factor driving the growth of the natural food preservatives market is the rising demand for convenience items and an increasing focus on organic foods among people.
- How are market players reacting to the new developments in the market?
Market players are opting for technological advancement, new product developments and production capacity expansion.
- How much share does the top 5 companies hold?
The top 5 producers of natural food preservatives hold around 10-12% of the market share.
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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