Insights and Trends in the Global Food Preservatives Market: Enhancing Shelf Life and Ensuring Food Safety

Food Preservatives Market is Poised to Grow by Leveraging Increasing Health Consciousness Among Consumers

The global food preservatives market comprises a wide range of products that help extend the shelf life of food products by retarding the degradation process caused by microorganisms and other environmental conditions. Food preservatives prevent the growth of microbes like bacteria, yeasts and molds which can cause food to decay. Common food preservatives include salt, sugar, oil, alcohol, vinegar and chemical preservatives like sorbic acid, benzoic acid, propionic acid etc. Food preservatives maintain the organoleptic properties and nutritional value of food. The Global Food Preservatives Market is estimated to be valued at US$ 3.04 Bn in 2024 and is expected to exhibit a CAGR of 4.5% over the forecast period 2023 to 2030.

Key Takeaways

Key players operating in the food preservatives market are BASF SE, Kerry Group Plc, Kemin Industries, Inc., DuPont Nutrition & Biosciences, ADM, Foodchem International Corporation, Corbion, Celanese Corporation, and Jungbunzlauer Suisse AG. With rising health consciousness, consumers are demanding cleaner label products which is driving demand for natural preservatives like salt, vinegar, herbs and spices. Leading preservative manufacturers are focusing on developing bio-based and clean label food preservatives to capitalize on the growing demand. Increasing stringency of food safety regulations around the world coupled with expanding food industry is fueling investment towards developing novel food preservation technologies. Rising food trade is also necessitating new developments in food preservation to facilitate long-distance transportation and imports/exports.

Market Key Trends

One of the key trends gaining traction in the food preservatives market is the growing popularity of minimally processed foods. Minimal processing helps retain most of the nutritional and sensory properties of fresh foods. It also addresses consumer demand for cleaner label products. To enable minimal processing, researchers are developing novel natural and bio-based antimicrobials with focused mechanisms of action. Some examples include polyphenols from plant extracts, bacteriocins and food-grade fungicides and fungistats. These targeted antimicrobial solutions are more sustainable and safer alternatives to conventional food preservatives. Their adoption will redefine strategies for longer shelf-life with reduced processing intervention.

Porter’s Analysis
Threat of new entrants: The food preservatives market requires high R&D investment which acts as a barrier for new players. Bargaining power of buyers: Buyers have moderate to high bargaining power due to the availability of various alternatives for food preservatives. Bargaining power of suppliers: Suppliers have low to moderate bargaining power due toavailability of substitutes and differentiated products. Threat of new substitutes: Substitutes like natural preservatives pose threat to established food preservatives. Competitive rivalry: The market is dominated by few large players and many small fragmented players leads to high competitive rivalry.

Geographical regions

North America holds the major share of food preservatives market in terms of value owing to high demand from processed and packaged food industry. The Asia Pacific region is expected to be the fastest growing market for food preservatives due to increasing disposable incomes, growing middle class population and changing food consumption patterns in countries like India and China.