Food preservatives refer to chemical substances added into beverages and processed food to prevent harmful microorganisms from growing and deterioration, contamination, and spoilage of ingredients. Vinegar, sugar, salt, nitrites, citric acid, calcium propionate, etc., are some of the commonly used preservatives. They aid to decrease wastage, assure safety, enhance supply, and extend the shelf-life of the food.

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Market Trends:

The high preferences for hygienically packaged food products with growing concern towards maintaining health and hygiene standards is primarily driving the product demand globally in processed food items such as bread, snacks, cheese, yogurt, sauces, deli meats, etc. Furthermore, inflating consumer per capita income levels coupled with hectic work schedules and sedentary lifestyles have led to the increasing demand for ready-to-eat (RTE) food items. Moreover, the rising popularity of organic preservatives and clean label ingredients among health-conscious consumers is acting as another growth-inducing factor. Additionally, the emergence of natural, soluble, and non-toxic product variants that assist in retaining the natural color, nutritional value, freshness, and texture of the food item, is further catalyzing the market growth.

Breakup by Type:

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

Breakup by Function:

Anti-Microbial
Anti-Oxidant
Others

Breakup by Application:

Meat and Poultry
Bakery
Dairy
Beverages
Snacks
Others

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:

Albemarle Corporation
Archer Daniels Midland Company
BASF SE
Cargill Incorporated
Celanese Corporation
Corbion N.V.
Dupont De Nemours Inc.
Galactic S.A.
Jungbunzlauer Suisse AG
Kemin Industries Inc.
Koninklijke DSM N.V.
Tate & Lyle PLC.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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