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The global food preservatives market was valued at US$ 2.8 Billion in 2021.
We expect the global food preservatives market to exhibit a CAGR of 4.6% during 2022-2027.
The increasing demand for organic preservatives among the health-conscious consumers to maintain
the nutritional quality and freshness of processed food products with longer self-life is primarily driving
the global food preservatives market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations resulting in the temporary closure of numerous manufacturing units
for food preservatives.
Based on the type, the global food preservatives market can be segmented into natural and synthetic.
Currently, synthetic holds the majority of the total market share.
Based on the function, the global food preservatives market has been divided into anti-microbial, anti-
oxidant, and others. Among these, anti-microbial currently exhibits a clear dominance in the market.
Based on the application, the global food preservatives market can be categorized into meat and
poultry, bakery, dairy, beverages, snacks, and others. Currently, meat and poultry accounts for the
largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global food preservatives market include 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.
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