Preservatives Market Size, Share, Growth Analysis, By Type(Antioxidants, antimicrobials, acidulants, and other types), By Application(Bakery and confectionery, meat and poultry, ready meals, sweet and savory snacks), By Region - Industry Forecast 2024-2031

Report ID: SQMIG30H2157 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 68 | Figures: 71

Preservatives Market News

In January 2023, Chr. Hansen, a bioscience company that is a leading supplier of bacteria cultures, probiotics, enzymes and human milk oligosaccharides, and BASF, the largest chemical producer in the world, established a partnership to create novel plant-based preservatives.

In February 2023, Kemin Industries, a global ingredient manufacturer that supplies over 500 specialty ingredients for human health, food safety and protection of the global food supply chain, revealed that their line of preservatives has been expanded.

In March 2023, A brand-new preservative for baked goods was introduced by Tate & Lyle, a global supplier of food and beverage products to food and industrial markets.

Preservatives Market Report Snapshots

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Preservatives Market size was valued at USD 3.2 Billion in 2022 and is poised to grow from USD 3.34 Billion in 2023 to USD 4.76 Billion by 2031, growing at a CAGR of 4.5% during the forecast period (2024-2031).

preservatives market competition is characterized by fierce rivalry between established players and a growing array of new entrants. In order to meet evolving consumer demands for clean-label products, all major manufacturers in this market continuously devote big investments in research and development to create innovative, natural, and ecologically sound preservative solutions. 'Zhejiang Bossen Technology Co., Ltd. (China)', 'APAC Chemical Corp. (China)', 'Nantong Acetic Acid Chemical Co., Ltd. (China)', 'Jinneng Science and Technology Company Ltd. (China)', 'Guangzhou ZIO Chemical Co., Ltd. (China)', 'Nanjing Jiayi Sunway Chemical Co., Ltd. (China)', 'CFS Wanglong Flavors Co., Ltd. (China)', 'Tianjin Haitong Chemical Industrial Co., Ltd. (China)', 'Wanglong Tech Co., Ltd. (China)', 'Celanese Corp. (US)', 'FBC Industries (US)', 'Veckridge Chemical (US)', 'Shandong Hongda Group (China)', 'REIPU (QINGDAO) International Trade Co., Ltd. (China)', 'Jiangsu Mupro IFT Corp. (China)', 'Daicel Corp. (Japan)'

The preservatives market is being heavily driven by customers' increasing preference for natural and clean-label products. Customers who are concerned about their health are putting forth pressure on manufacturers to replace synthetic preservatives with organically rich alternatives, demanding less hazardous and more transparent lists of components. Resulting from the upsurge in consumer demand, companies are developing preservative solutions that meet regulatory requirements and meet consumer expectations for more nutritious and environmentally healthy products, thus encouraging innovation in the industry.

Rising Focus on Sustainability: Sustainability has emerged as a significant trend in the market for preservatives. Along with healthier options, products with less of an impact on the environment are also in demand. This trend is pushing for the production and utilization of sustainable packaging options and ecologically sound preservatives to cut waste and carbon emissions all the way through the supply chain.

Within the preservatives market, North America commanded a leading position. Preservatives had to be used because of stringent regulations and the increased demand for processed foods and drinks. Further propelling preservative innovation for the benefit of North American suppliers was the customer trend toward natural and clean-label products.

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Preservatives Market Size, Share, Growth Analysis, By Type(Antioxidants, antimicrobials, acidulants, and other types), By Application(Bakery and confectionery, meat and poultry, ready meals, sweet and savory snacks), By Region - Industry Forecast 2024-2031

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