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 gains traction, public curiosity and awareness of food ingredients has increased. As a result, the market’s leading food preservative makers are taking a natural approach to keeping food fresh for longer. The continued usage of food preservatives in food manufacturing is a key driver driving market expansion. The numerous benefits of food preservation are driving market growth.
Food preservation reduces food waste due to less spoiling and ensures food safety through antimicrobial protection. The approach extends shelf life while preserving fresh flavour and quality. Many companies in the industry offer a variety of clean-label preservation options that give considerable benefits to customers. For example, Kerry Group plc provides 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.
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 Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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