Food Preservatives Market Share, Size, Growth, Report 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Food Preservatives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global food preservatives market exhibited steady growth during 2015-2020. Food preservatives are chemical substances added to processed food and beverages to inhibit the growth of harmful microorganisms and the oxidation of constituents. They help prevent deterioration, spoilage and contamination, extend the shelf life of foodstuffs, reduce wastage, ensure safety, and enhance supply. Some of the commonly utilized preservatives include sugar, salt, nitrites, vinegar, citric acid, calcium propionate, butylated hydroxyanisole (BHA), butylated hydroxyl toluene (BHT), and tert-butyl hydroquinone (TBHQ). At present, the utilization of food preservatives is generally regulated and monitored by the governing authorities of different countries.

The growing focus on maintaining health and hygiene standards is shifting consumer preferences toward hygienically packaged and fortified food products. This acts as a major factor escalating the demand for food preservatives in processed items like crackers, cereals, bread, snacks, cheese, yogurt, deli meats, sauces, and soups around the world. Moreover, rapid urbanization, busy lifestyles, rising per capita incomes, and the increasing trend of nuclear families are promoting the consumption of ready-to-eat (RTE) food items that require minimal preparation and cooking time. Apart from this, the rising health consciousness among individuals is driving the demand for organic preservatives and clean label ingredients. They are non-toxic, soluble, and economical and help retain the natural color, flavor and texture of the food. They also delay rancidity, improve appearance, and maintain the nutritional quality and freshness of products. Additionally, their demand is anticipated to rise as gelling agents and flavor enhancers in beverages and confectionary items across the globe. Looking forward, IMARC Group expects the global food preservatives market to grow at a CAGR of around 4% during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global food preservatives market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, type, function and application.

Breakup by Type:

Natural
- Edible Oil
- Rosemary Extracts
- Natamycin
- Vinegar
- Others
Synthetic
- Propionates
- Sorbates
- Benzoates
- Others

Breakup by Function:

Anti-Microbial
Anti-Oxidant
Others

Breakup by Application:

Meat and Poultry
Bakery
Dairy
Beverages
Snacks
Others

Breakup by Region:

North America
- United States
- Canada
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Albemarle Corporation, Archer Daniels Midland Company, BASF SE, Cargill Incorporated, Celanese Corporation, Corbion N.V., Dupont De Nemours Inc., Galactic S.A., Jungbunzlauer Suisse AG, Kemin Industries Inc., Koninklijke DSM N.V. and Tate & Lyle PLC.

Key Questions Answered in This Report:

How has the global food preservatives market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global food preservatives market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the function?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global food preservatives market and who are the key players?
What is the degree of competition in the industry?