The global Food
Preservatives market is foreseen to grow at 3.9%, from USD 3.08 Billion in 2021
to USD 4.18 Billion in 2029. Increase in demand for food products with extended
shelf life, Growth in demand for convenience foods, Increase in use of natural
preservatives on meat and poultry in Europe and North America are the factors
driving the growth of the global Food Preservatives market. However, Increase
in demand for natural food products and limited availability of natural
preservatives is seen to restraint the market growth for the estimated period.
Market Definition
What is Food Preservatives?
A food
preservative is a substance added to foods to make them last longer; to
“preserve” them. Preservatives are added to foods that go bad quickly and have
found themselves in all kinds of products in our grocery stores. Preservatives
work to preserve food in a few different ways. Some prevent the growth of
bacteria and mould. Others prevent delicate fats from going rancid.
Research Scope
The report
provides market value for base year 2021 and a yearly forecast from 2022 to
2029 in terms of revenue (USD Million). Market for each segment is present on
North America, Europe, Asia Pacific, Latin America and Middle East & Africa
as well as regional basis for the above-mentioned forecast period.
Key industry
dynamics, regulatory scenario, major material dynamics and Food Preservatives
future markets are analyzed to understand their impact on demand for the
forecast period. Growth rates have been estimated using correlation, regression
and time-series analysis.
Market Overview
Food
Preservatives market report also provide a thorough understanding of the
cutting-edge competitive analysis of the emerging market trends along with the
drivers, restraints, challenges, and opportunities in the Food Preservatives
market to offer worthwhile insights and current scenario for making right
decision. The report covers the prominent players in the market with detailed
SWOT analysis, financial overview, and key developments of the
products/services from the past three years. Moreover, the report also offers a
360º outlook of the market through the competitive landscape of the global
industry player and helps the companies to garner Food Preservatives market
revenue by understanding the strategic growth approaches.
Food Preservatives
Market study by “Zettabyte Analytics” provides details about the market
dynamics affecting the market, Market scope, Market segmentation and overlays
shadow upon the leading market players highlighting the favorable competitive
landscape and trends prevailing over the years.
Market Segmentation
For the purpose
of this report, the global Food Preservatives market is segmented on the basis
of Type, Function, Application and region:
Type
|
Natural Preservatives
|
|
Alcohol
|
|
Edible Oil
|
|
Natamycin
|
|
Rosemary Extracts
|
|
Salt
|
|
Sugar
|
|
Vinegar
|
|
Other Natural Preservatives
|
Synthetic Preservatives
|
|
Propionates
|
|
Sorbates
|
|
Benzoates
|
|
Others (Nitrites, Sulfates)
|
|
|
Function
|
Anti-microbial
|
Anti-oxidant
|
Others
|
|
|
Application
|
Bakery products
|
Beverages
|
Confectionery
|
Dairy & frozen products
|
Fats & Oils
|
Meat, poultry and seafood products
|
Snacks
|
Other applications
|
Type Outlook:
On the basis of
Type, the market is segmented into Natural Preservatives, Synthetic
Preservatives. Further, Natural Preservatives is segmented into Alcohol, Edible
Oil, Natamycin, Rosemary Extracts, Salt, Sugar, Vinegar, Other Natural
Preservatives. Further, Synthetic Preservatives is segmented into Propionates,
Sorbates, Benzoates, Others (Nitrites, Sulfates).
Figure 1 - Food Preservatives Market, By Type
(Market Size And Forecast By Value - USD Million, 2021 & 2029)