Global Food Preservatives Market Report 2022 – Market Forecast, Trends And Strategies

The global food preservatives market size is expected to grow from $2.55 billion in 2021 to $2.68 billion in 2022 at a compound annual growth rate (CAGR) of 4.9%. The global food preservative market size is expected to grow to $3.11 billion in 2026 at a CAGR of 3.8%.

What is the Global Food Preservatives Market?

The food preservatives market consists of sales of food preservative products by entities (organization, partnership, sole traders) that are used to preserve food from any kind of spoilage and bacterial impact. Food preservatives are chemicals or natural ingredients including salt, vinegar, sugar, sorbates, nitrites, and others that are added to the food to prevent decomposition of microbial growth. Food preservatives can be toxic and non-toxic depending on the degree of toxicity they exert on food and are used in different food processing levels.

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What drives the Global Food Preservatives Market?

The increasing consumption of ready-to-eat food owing to busy lifestyles is expected to propel the growth of the food preservatives market in the coming years. Ready-to-eat food uses various kinds of natural and artificial preservatives to minimize the chances of spoilage due to microbial reactions and boost food quality. The higher demand for processed or ready-to-eat food is due to the increasing working population that prefers to consume convenient food rather than cooking it at home. For instance, according to an Assocham (Associated Chamber of Commerce and Industry of India) survey conducted in 2020, roughly 79% of Indian households prefer instant food due to lack of time. Therefore, the high consumption of ready-to-eat food drives the growth of the food preservatives market.

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Global Food Preservatives Market Segments
The global food preservatives market is segmented:
By Type: Synthetic, Natural
By Function: Anti-Microbial, Anti-Oxidant, Chelating Agents, Enzyme Attackers
By Application: Beverages, Oils and Fats, Bakery, Dairy and Frozen Products, Snacks, Meat, Poultry, Confectionery, Others
By Geography: The regions covered in the food preservatives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Food Preservatives Global Market Report 2022provides market size and growth forecasts for the global food preservatives market, global food preservatives market share, food preservatives market segments and geographies, food preservatives market competitive landscape including leading competitors’ revenues, profiles and market shares. The food preservatives global market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Food Preservatives Industry Playersinclude Kerry Group, Dupont De Nemours Inc, BASF SE, Cargill Incorporated, Celanese Corporation, Corbion N.V, Archer Daniels Midland Company, Galactic S.A., Kemin Industries Inc., Koninklijke DSM N.V., Tate & Lyle PLC., Brenntag Solutions Group Inc., Albemarle Corporation, Akzo Nobel N.V., Univar Inc., Danisco A/S, Hawkin Watts Limited, ABF Ingredients Ltd., Ajinomoto Co. Inc, Jungbunzlauer Suisse AG, Grupo Bimbo, and Hansen Holding A/S. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.