Natural Food Preservatives Market Size, Share, Growth Analysis, By Function(antimicrobial, antioxidant, and others), By Application(processed foods, beverages, and others), By Region - Industry Forecast 2024-2031

Natural Food Preservatives Market size was valued at USD 406.73 million in 2021 and is poised to grow from USD 435.2 million in 2022 to USD 747.75 million by 2030, at a CAGR of 7 % during the forecast period (2023-2030).

The increasing preference for clean label products among consumers has emerged as a significant driver behind the expansion of the natural food preservatives market.

With a growing emphasis on personal health and well-being, individuals are displaying a heightened awareness of the contents of the food they consume. Consequently, there is a mounting demand for food items that are devoid of synthetic additives and preservatives.

Within this context, natural food preservatives are gaining traction as a reliable and health-conscious substitute for artificial preservatives. Another factor contributing to the upsurge in the natural food preservatives market is the rapid growth of the organized retail sector.

This trend is particularly evident in burgeoning markets like the Asia Pacific and Latin America regions. As the organized retail landscape flourishes, there is a corresponding increase in the consumption of packaged and processed foods.

To maintain the quality and extend the shelf life of these products, the utilization of food preservatives becomes imperative. Moreover, the surging popularity of convenience foods and packaged health products is also propelling the expansion of the natural food preservatives market.

Convenience foods, due to their inherent high moisture content, are susceptible to spoilage. Natural food preservatives present an effective solution to this challenge by enhancing the longevity of convenience foods and packaged health products.

US Natural Food Preservatives Market is poised to grow at a sustainable CAGR for the next forecast year.