The Food Preservatives Market is Predict to reach $4.1 Billion by 2030, at a CAGR of 5.1%

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Food Preservatives Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Food Preservatives Market size is expected to reach $4.1 billion by 2030, rising at a market growth of 5.1% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,92,466.9 Kilo Tonnes, experiencing a growth of 4.3% (2019-2022).

The Anti-oxidant segment is experiencing a CAGR of 6.1% during (2023 - 2030). Consumers' growing awareness regarding the detrimental effects of oxidative reactions on food quality has resulted in a surge in the market's desire for antioxidants. Consumers actively seek products with extended shelf life and improved stability, driving the use of antioxidants in food preservation. Many antioxidants, such as tocopherols (vitamin E) and ascorbic acid (vitamin C), align with clean-label expectations. These factors will lead to enhanced growth in the segment.

The Synthetic segment is leading the Global Food Preservatives Market by Type in 2022; thereby, achieving a market value of $2.6 billion by 2030. Synthetic preservatives are often more cost-effective than their natural counterparts. This cost advantage has made them attractive to food manufacturers, especially those producing large quantities of processed and packaged foods. Synthetic preservatives exhibit broad-spectrum antimicrobial activity, making them versatile in preventing the growth of bacteria, molds, and yeasts. Their efficacy in preserving a wide range of food products contributes to their widespread use. Owing to these factors, there will be increased demand in the segment.

The Bakery Products segment is registering a CAGR of 4.8% during (2023 - 2030). The expansion of bakery product distribution on a global scale has led to challenges in maintaining product quality during transportation and storage. Preservatives help address these challenges by preventing spoilage and supporting the efficient distribution of bakery items across diverse geographical locations. Therefore, the segment will grow rapidly in the upcoming years.

The North America region dominated the Global Food Preservatives Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.4 billion by 2030. The Europe region is anticipated to grow a CAGR of 4.7% during (2023 - 2030). Additionally, The Asia Pacific region would exhibit a CAGR of 5.8% during (2023 - 2030).

Full Report: https://www.kbvresearch.com/food-preservatives-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Archer Daniels Midland Company, Cargill, Incorporated, Kerry Group, Plc., Akzo Nobel N.V., Kemin Industries, Inc., Univar Solutions, Inc., Koninklijke DSM N.V., Tate & Lyle Plc., BASF SE, Celanese Corporation.

Global Food Preservatives Market Segmentation

By Function (Volume, Kilo Tonnes, USD Billion, 2019-2030)

Anti-microbial
Anti-oxidant
Others

By Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)

Natural
- Edible Oil
- Rosemary Extracts
- Natamycin
- Vinegar
- Others
Synthetic
- Sorbates
- Benzoates
- Propionates
- Others

By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)

By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)

North America
- US
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA