The Food Preservatives Market is estimated to be valued at Us$ 3.18 Bn in 2023 and is expected to exhibit a CAGR Of 4.5% over the forecast period 2023 - 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:


Food preservatives are additives added to food products to prevent decomposition by microbial growth or by enzymatic changes. They include antioxidants, antimicrobials, chelating agents, and others. Food preservatives help extend shelf life of foods without altering their taste or nutritional value. They are used in bakery, dairy, snacks, meat, and other food products.

Market Dynamics:


Growing demand for packaged and processed foods due to changing lifestyles and busy schedules is expected to drive growth of the food preservatives market during the forecast period. Growing shelf life requirements of food products necessitates use of preservatives. Additionally, stringent food safety regulations regarding food-borne diseases and microbial contamination are also propelling market growth. However, rising health concerns associated with chemical preservatives and growing demand for clean label and organic foods may hinder market growth.

SWOT Analysis

Strength: Food preservatives help extend the shelf life of foods by preventing spoilage and contamination by microorganisms. They allow foods to retain their freshness, taste, color and nutrients for longer periods. Food preservatives enable greater food availability and global trade of perishable foods. The global food system relies heavily on the use of various preservatives to meet consumers' demands.

Weakness: Overuse and misuse of certain preservatives like sulfites and nitrates have been linked to allergic reactions and health issues in sensitive individuals. Regulatory authorities have tightened restrictions on the use of some preservatives. Cost of researching, developing and obtaining regulatory approvals for new preservative solutions is high.

Opportunity: Growing demand for minimally processed, clean label and organic foods presents an opportunity for natural preservatives. Rising health consciousness is prompting food processors to reduce synthetic preservatives. Developing nations offer strong growth potential as incomes rise and food processing activities expand to meet urbanization.

Threats: Stricter regulatory oversight on usage levels and approvals for new preservatives poses compliance challenges. Negative publicity around "E" numbers and chemical-sounding preservatives dent consumer confidence in certain solutions. Trade wars and geopolitical tensions impact global supply chains and availability of raw materials.

Key Takeaways

The Global Food Preservatives Market Size is expected to witness high growth, exhibiting CAGR of 4.5% over the forecast period, due to increasing demand for packaged and processed foods. Rapid urbanization, changing lifestyles and busy schedules are driving the consumption of convenience foods that require preservatives to extend shelf life.

Regional analysis: North America dominated the global market in 2023, accounting for around 30% of overall sales, followed by Europe. However, Asia Pacific is projected to witness the fastest growth during the forecast period due to rising health awareness, growing middle class and Western influence on food consumption patterns in countries like China and India.

Key players: Key players operating in the food preservatives market are BASF SE, Kerry Group Plc, Kemin Industries, Inc., DuPont Nutrition & Biosciences, ADM, Foodchem International Corporation, Corbion, Celanese Corporation, and Jungbunzlauer Suisse AG. These companies are investing in new product innovation and production expansion across geographies to tap into lucrative opportunities.

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