According to the report published by Zion Market Research, the global food preservatives market size was valued at USD 3.10 Billion in 2023 and is predicted to reach USD 4.56 Billion Billion by the end of 2032. The market is expected to grow with a CAGR of 4.52% during the forecast period.
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Overview of the food preservative market
Food preservatives are chemical compounds added in minute amounts to many types of food products to prevent or slow down their expiration. Meat and other kinds of food were preserved historically using spices, sugar, and salt. The necessity of preservatives is driving demand for food additives and chemicals used to stop the growth of fungus, bacteria, and other microbes. The main engine of global food preservatives industry is this one.
These preservatives guard the natural qualities of the food products and aid to increase their shelf life. People sometimes choose convenience foods because of their hectic lifestyles. The global food preservatives industry is driven by consumers’ increasing inclination for convenience foods or ready-to-eat meals. Preservatives are often included to improve food texture, color, and flavor. On the other hand, health-related concerns connected to food preservatives could restrict the worldwide expansion of food preservatives market throughout the projected time span.
Along with their effect on the demand over the projected period, the study covers the drivers and restraints of the food preservatives market. The paper also covers worldwide prospects accessible in the food preservatives market.
We have incorporated a thorough value chain study to provide the consumers of this report a complete picture of the food preservatives industry. Furthermore included is a study of Porter’s Five Forces model of the food preservative market to grasp the competitive scene in the sector. The report includes a market attractiveness analysis in which every category is benchmarked according on their market size, growth rate, and overall appeal.
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The Global Food Preservatives Market is segmented based on product, application and region
Global Food Preservatives Market: Product Segment Analysis
● Natural
● Synthetic
Global Food Preservatives Market: Application Segment Analysis
● Meat
● Poultry and Seafood
● Beverages
● Dairy and Frozen
● Bakery
● Others
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The Global Food Preservatives market profiles key players such as:
● Kerry Group
● Archer Daniels Midland
● Cargill
● ABF Ingredients
● Ajinomoto
● Albemarle Corporation
● Brenntag
● Celanese Corporation
● Edlong Flavors
● Purac Biochem
Market for Food Preservatives: Regional Review
The regional sector covers demand for North America, Europe, Asia Pacific, Latin America, the Middle East and Africa both now and going forward.
Especially in synthetic food preservatives use, North America is now controlling the worldwide food preservatives business. The need for processed food with longer shelf life has grown from hectic lifestyles, which is boosting the North American food preservatives industry.
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