Food Preservatives Market 2023 | Size, Demand, Trends and Report Forecast 2028

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“. According to the report, 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 are added to prevent food spoilage caused by the growth of bacteria, molds, fungi, and yeast. They include sugar, table salt, vegetable oil, vinegar, sodium nitrate (NaNO3), sodium propionate (C3H5NaO2), and sodium benzoate (C6H5COONa). They are non-toxic, readily soluble, do not impart off-flavors, and exhibit antimicrobial properties. They aid in preventing changes in the food color, flavor, and texture and assist in delaying rancidity and extending its shelf-life. At present, food preservatives are extensively used in meat and poultry, bakery, dairy, beverages, and snacks across the globe.

Food Preservatives Market Trends and Drivers:

The growing working population and increasing demand for convenience food items that need minimal preparation time, such as a “JustEat Clone,” currently represent one of the key factors positively influencing the market. In addition, shifting consumer preferences towards hygienically packed food and the escalating demand for food products with a longer shelf life are strengthening the market growth. Apart from this, the rising focus on using natural preservatives, such as plant extracts, chitosan, bacteriocins, bioactive peptides, and essential oils, is offering lucrative growth opportunities to market players for increasing their consumer base. Other factors, including the thriving e-commerce sector and the growing accessibility of packed food products, are stimulating the market growth worldwide.

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
  • 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:

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.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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