Food Preservatives Market Size, Scope 2022-2028
The global food preservatives market size was valued at USD 2,942.7 billion in 2021 and is poised to grow at a significant CAGR of 4.9% during the forecast period 2022-28. It also includes market size and projection estimations for each of the five major regions from 2022 to 2028. Dramatic changes in the lifestyle of people, changing trend towards consumption of processed food and canned food, inclination towards ready-to-eat and ready-to-cook food expected to trigger demand for preservatives across the globe. A rapid increase in demand for alcohol beverage products such as beer, wine is expected accelerates the significance of preservatives. However, a surge in the awareness about the adverse effects of preservatives and stringent government regulations pertaining to the preservatives are few challenges expected to restrain the food preservatives market.
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The research report includes historical data, trending features, and market growth estimates for the future. Furthermore, the study includes a global and regional estimation and further split by nations and categories within each region. The research also includes factors and barriers to the food preservatives market growth, as well as their impact on the market's future growth. The report gives a comprehensive overview of both primary and secondary data.
The global food preservatives market segmentation:
1) By Function: Antimicrobials, Anti-oxidants, Chelating agents
2) By Type: Benzoates, Sorbates, Nitrates, Sulphites, Vitamin E&C, Polyphosphates, Disodium EDTA
3) By Source: Chemicals, Microorganisms, Plants
4) By Application: Bakery, Beverages, Oils and fats, Dairy products, Seafood, poultry and meat industry, Snacks, Confectionery, Others
The food preservatives market research report gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America was the largest region in the food preservatives market report, accounting for the highest share in 2021. It was followed by Asia Pacific, and then the other regions.
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The food preservatives market key players are Danisco A/S (Denmark), Akzo Nobel N.V. (Netherlands), Cargill, Incorporated (U.S.), DSM (Netherlands), Univar Inc. (U.S.), Tate & Lyle (U.K.), Brenntag Solutions Group, Inc. (Germany), Kemin Industries, Inc. (U.S.), Hawkins Watts Limited (New Zealand, Galactic (Belgium)
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