Wilmington, Delaware, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Global Food Preservatives Market is valued at US$ 3.5 billion in 2023 and is expected to grow at a significant CAGR of over 3.0% over the forecast period of 2023-2030, according to the published market report by RationalStat
Market Definition, Market Scope, and Report Overview
The growing trend of consuming processed and convenience foods, driven by busy lifestyles, urbanization, and changing dietary habits, fuels the demand for food preservatives to extend the shelf life of these products. The expansion and globalization of food supply chains increase the need for preservatives to ensure the safety and quality of food products during transportation and storage, especially in regions with varying climates.
With a rising awareness of health and wellness, consumers are seeking natural and clean-label products. This has led to an increased demand for natural preservatives derived from sources such as plant extracts, herbs, and essential oils.
- According to a deep-dive market assessment by RationalStat, the global food preservatives market has been analyzed based on market segments, including nature, type, end user and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the global food preservatives market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the global food preservatives market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global Food Preservatives Market: Segmental and Market Share Analysis
- On the basis of nature, synthetic food preservatives are expected to dominate the market, however, natural food preservatives are anticipated to grow at a significant rate.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 4.3 billion |
| Market Size Forecast | US$ 3.0 billion |
| Growth Rate | 3.0% |
| Key Market Drivers |
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| Companies Profiled |
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Competition Analysis and Market Structure
These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global food preservatives market include,
- In September 2021, Kerry acquired Niacet. The acquisition reinforces the acquiring company’s food protection and preservation product offerings.
Some of the prominent players and suppliers operating and contributing significantly to the global food preservatives market growth include Cargill, Incorporated, Kerry Group plc, ADM, Kemin Industries, Inc., BASF SE, DuPont, Tate & Lyle PLC, Corbion NV, Galactic, and Celanese, among others.
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RationalStat has segmented the global food preservatives market based on nature, type, end user and region
- Global Food Preservatives Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Nature
- Synthetic
- Natural
- Global Food Preservatives Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Type
- Antioxidants
- Antimicrobials
- Antifungal
- Others
- Global Food Preservatives Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by End User
- Bakery & Confectionery
- Poultry
- Food & Beverages
- Others
- Global Food Preservatives Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
- North America Food Preservatives Market
- US
- Canada
- Latin America Food Preservatives Market
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Food Preservatives Market
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Food Preservatives Market
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Food Preservatives Market
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Food Preservatives Market
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Food Preservatives Market
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Key Questions Answered in the Food Preservatives Report:
- What will be the market value of the global food preservatives market by 2030?
- What is the market size of the global food preservatives market?
- What are the market drivers of the global food preservatives market?
- What are the key trends in the global food preservatives market?
- Which is the leading region in the global food preservatives market?
- What are the major companies operating in the global food preservatives market?
- What are the market shares by key segments in the global food preservatives market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client’s needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.
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