IMARC Group, a leading market research company, has released a report titled “Food Preservatives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. The global food preservatives market size reached US$ 2.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4.4% during 2023-2028.

Food preservatives, ranging from chemical additives to natural compounds, serve as vital tools in the food industry to extend the shelf life of products and maintain their quality. These additives inhibit microbial growth, preventing spoilage and foodborne illnesses while also safeguarding flavor, texture, and nutritional content. Chemical preservatives like sodium benzoate and potassium sorbate are effective against bacteria and yeast, while natural preservatives such as salt, sugar, and vinegar have been used for centuries. Antioxidants like vitamin C and vitamin E protect against oxidation and rancidity. Microbial preservatives, like beneficial bacteria, contribute to fermentation processes that acidify and preserve foods. Food preservatives play a pivotal role in ensuring the availability of safe and convenient food choices, reducing food waste, and meeting the demands of modern food distribution and storage practices. Currently, food preservatives find extensive applications in the food industry, ensuring longer shelf life, safer consumption, and reduced food waste.

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Food Preservatives Market Trends and Drivers:

The global food preservatives market is primarily driven by the rising demand for processed and convenience foods, fueled by busy lifestyles and urbanization that necessitates the use of preservatives to extend shelf life and maintain product quality. Apart from this, the heightened focus on food safety and hygiene, particularly in emerging markets that prompts manufacturers to employ preservatives as a crucial tool in preventing microbial contamination and spoilage, is positively influencing market growth. Moreover, the increasing prevalence of foodborne illnesses and product recalls that highlight the importance of effective preservation methods to ensure consumer health and trust is propelling market growth. Additionally, numerous innovations in preservative technologies, including natural and clean-label preservatives that meet evolving consumer preferences for healthier and safer food options, are other major growth-inducing factors. Besides this, rapid globalization and the expansion of the food supply chain has escalated the need for preservatives to preserve food during transportation and distribution. Furthermore, rising regulatory support and standards for safe preservative usage in the food industry are contributing to market growth.

Report Segmentation:

The report has segmented the market into the following categories:

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 with Key Player:

• 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.
• Tate & Lyle PLC.

Explore full report with table of contents: https://www.imarcgroup.com/food-preservatives-market

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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