The global food preservatives market is growing at a significant CAGR of around 3.4% during the forecast period (2020-2026). Food preservatives are regarded as a chief ingredient in the food industry for increasing the shelf-life of the product. These are added into the food to enhance its efficiency against spoilage organisms. There are several pivotal factors that are driving the global food preservatives market, which includes the rising demand for convenience food products and increasing use of natural preservatives in non-vegetation food products. The demand for convenience food is mounting the need for the development of convenience stores for food. According the National Association of Convenience Store, there are around one million convenience stores across the globe. These convenience stores are further expected to grow during the forecast period, owing to the rising disposable income, backed by the significant adoption of advertisement services for the branding of the convenience food products.
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Moreover, increasing trend for natural preservatives and clean label products are further expected to drive the market growth during the forecast period. In addition, the continuous growth in the food processing industry in emerging economies, such as India and China, will certainly offer growth to the market in the near future. The Indian government has set up a $300 million “Food Processing Fund” to support the opening and growth of food parks. There are currently 42 Mega Food parks being set up. This program by the government has prompted investment from many multinational food processing companies such as Kraft, Mars, Nestle, Kellogg, Coca Cola, and others. However, the transition towards organic food products, use of preservation technique, and limited availability of natural preservatives will affect the market growth during the forecast period.
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Market Segmentation
Global Food Preservatives Market by Type
• Natural Preservatives
• Synthetic Preservatives
Global Food Preservatives Market by Application
• Bakery
• Dairy & Frozen Products
• Meat, Poultry & Seafood
• Beverages
• Others (Snacks and Sauces)
Regional Analysis
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
Company Profiles
• Alliance, Inc.
• Arjuna Natural Pvt Ltd.
• BASF SE
• BIOSECUR LAB Inc.
• Brenntag Holding GmbH
• Cargill, Inc.
• Celanese Corp.
• Corbion NV
• DuPont de Nemours, Inc.
• Galactic SA
• Home Roots
• ITA 3 s.r.l.
• Kemin Industries, Inc.
• Kerry Group PLC
• Kilo Ltd.
• Nouryon Chemicals Holding B.V.
• Rigest Trading Ltd.
• Univar Ltd.
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