IMARC Group’s report titled “Natural Food Preservatives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, offers a comprehensive analysis of the industry, which comprises insights on the global natural food preservatives market share. The global market size reached US$ 907.4 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,174.9 Million by 2028, exhibiting a growth rate (CAGR) of 4.6% during 2023-2028.
Natural food preservatives obtained from plants and animals are incorporated into the processing of food to prevent spoilage, increase stability, and extend the shelf-life of processed products. Some of the primary ingredients present in these preservatives include extracts of natural compounds derived from salt, medicinal plants, sugar, spices, etc. They delay or inhibit the growth of bacteria, thereby preventing food spoilage. In line with this, these preservatives improve microbial and safety quality without hindering the organoleptic and nutritional quality. They are considered to be an effective alternative to chemical and physical antimicrobial treatments. A small quantity is usually added to a variety of types of food, including perishable and non-perishable types comprising packaged vegetables, meat, gravies, pet food, snacks, etc.
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Natural Food Preservatives Market Trends and Drivers:
The escalating demand for chemical-free and processed products, owing to the increasing consumer health awareness, is primarily driving the natural food preservatives market. Additionally, the widespread adoption of clean-label and organic items that are non-toxic, soluble, economical, etc., is further catalyzing the market growth. Besides this, the growing utilization of natural food preservatives in the formulation of packaged goods and extensive R&D activities conducted by leading manufacturers with an enhanced focus on sustainable development are acting as significant growth-inducing factors.
Moreover, the rising penetration of high-speed internet and the inflating disposable income levels of individuals are positively influencing the global market. Apart from this, continuous product innovations are also bolstering the market growth. Furthermore, the expanding e-commerce sector is anticipated to fuel the natural food preservatives market over the forecasted period.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
- Salt
- Sugar
- Oil
- Honey
- Citric Acid
- Vinegar
- Others
Breakup by Function:
- Antimicrobial
- Antioxidants
- Others
Breakup by Application:
- Sea Food, Meat and Poultry
- Bakery
- Dairy
- Snacks
- Beverages
- Fruits and Vegetables
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Archer-Daniels-Midland Company
- BASF SE
- Cargill Incorporated
- Corbion N.V.
- International Flavors & Fragrances Inc.
- Kalsec Inc.
- Kemin Industries
- Kerry Group plc
- Koninklijke DSM N.V.
- Merck KGaA and Tate & Lyle PLC
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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