Food Preservatives Market Size is expected to Surpass $4.65 Billion by 2030, with a CAGR of 5%, Strategic Market Research

The global food preservatives market is valued at USD 3 billion in 2021 and is projected to reach USD 4.65 billion by 2030, at a CAGR of 5% from 2022 to 2030. North America will have her largest market share in 2021 (over 30%). Rising incidence of foodborne illness, increasing consumer awareness, and changing food consumption habits are driving the growth of the industry.

NEW YORK, United States, Dec. 22, 2022 (GLOBE NEWSWIRE) — The global food preservatives market is worth US$3 billion in 2021 and is expected to reach US$4.65 billion by 2030, at a CAGR of 5% . Preservatives are included in food during manufacturing to prevent spoilage. They help preserve food, extend shelf life, reduce waste, ensure safety and improve supply. Sugar, calcium propionate, salt, nitrites, butylated hydroxyl toluene (BHT), vinegar, citric acid, butylated hydroxyanisole (BHA), and tert-butyl hydroquinone are some of the frequently used preservatives. .

Buy the latest directly food preservative market reports published in the month of August 2022Click the link below to start your purchase.

https://strategicmarketresearch.com/buy-now/food-preservatives-market

Food Preservative Market Insights:

• Based on label, the traditional segment held the largest market in 2021, accounting for 65.0% of the revenue share.

• In 2021, the synthetic type segment significantly dominated the overall market, accounting for 65.0% of the revenue share based on type.

• By function, the antibacterial segment held the largest market position with a share of 75.0% in 2021.

• The meat and poultry segment remained the market leader with a 30.0% application share in 2021.

• In 2021, North America contributed the largest market share of nearly 30.0%.

Factors Affecting Food Preservatives Market Growth:

factors like Rising rates of food poisoning and rising demand for long-shelf-life foods are fueling the expansion of the market.

• Increased working hours are having a major impact on consumers’ lifestyles and, in turn, their eating habits. These changes require the development of foods that are easy to consume and have a long shelf life. As a result, food preservatives are becoming more important in the food and beverage business. The growing demand for long shelf life products is having a positive impact on the food processing industry.

• The food and beverage industry is threatened by food poisoning. Ineffective storage methods and ingredients can lead to foodborne illnesses caused by bacteria, viruses, and microorganisms. Customers want food that is maintained effectively due to the high frequency of food poisoning and the growing public awareness of the need to maintain a healthy lifestyle.

story continues

Food Preservatives Market Segmentation Analysis

Food preservative market segmentation is done based on label, type, function type, application type, and region.

By label type

By type

• Nature

  • Chitosan

  • natamycin

  • rosemary extract

  • vinegar

  • Cooking oil

  • others

• synthesis

  • sorbic acid

  • Benzoate

  • Propionate

  • others

By function type

• antibacterial

• antioxidant

• others

By application type

• snack

• dairy products

• beverage

• Meat and poultry products

• bakery products

• others

for regions

North America

Europe

• Spain

• France

• Italy

• Germany

• UK

Asia Pacific

Latin America

Middle East and Africa

To see the report overview firsthand, request a sample at the following URL:
https://strategicmarketresearch.com/request-sample/food-preservatives-market

Based on label, the traditional segment held the largest market in 2021, accounting for 65.0% of the revenue share. Conventional food preservatives can be used alone or in combination with other preservation methods. The most common conventional preservatives are antioxidants, which act as oxygen absorbers and antimicrobial preservatives to prevent bacterial and fungal growth.

In 2021, the synthetic type segment significantly dominated the overall market, accounting for 65.0% of the revenue share based on type. Synthetic-type preservatives are cost-effective and easy to formulate. Among synthetic categories, sorbates held the largest market share in 2021 due to their widespread use in meat, poultry, and dairy products. Nitrates, propionates and benzoates are also widely used in synthetic types.

By function, the antibacterial segment held the largest market position with a share of 75.0% in 2021. Antimicrobial agents are primarily used to prevent food spoilage due to oxidative damage. Fungi and bacteria are common elements found in many types of foods, and microbial composition plays an important role in protecting foods from these bacteria. Antimicrobial agents are widely used in personal care products and cosmetics. Another factor driving market expansion is that the

The meat and poultry segment remained the market leader with a 30.0% application share in 2021. Global expansion of the processed meat, seafood and poultry industry during the forecast period will boost the demand for this market segment.

In 2021, North America contributed the largest market share of nearly 30.0%. Increasing food consumption in Canada, the United States, and Mexico is driving the North American market. Existing bakeries and increased consumption of processed meat will boost development.

Scope of Food Preservatives Market Report

To read the report overview, please visit:
https://www.strategicmarketresearch.com/market-report/food-preservatives-market

Key Players in the Food Preservatives Market:

• Cargill

• Kelly

• ADM

• Galactic SA

• Celanese Corporation

• Kemin Industry Co., Ltd.

• BASF SE

• Corbion NV

• Tate & Lyle

Recent development

• In December 2022, Cerebelly, the first science-based baby food company, today announced it has received a US patent for combining 16 essential nutrients to support healthy child neurodevelopment.

• In December 2022, the FDA approved Thea Pharma’s efforts to remove preservatives from latanoprost formulations for the treatment of open-angle glaucoma and ocular hypertension, providing the company with a unique alternative to current eye drops on the market. can be introduced.

Related reports

blood glucose monitoring device market

The Blood Glucose Monitoring Devices Market Report by SMR analyzes its growth drivers, challenges, constraints, opportunities and more. The Blood Glucose Monitoring Devices Market is USD 14.48 billion in 2021 and will be worth USD 28.75 billion by 2030, growing at a CAGR of 7.9%. Factors such as technological development, early diagnosis of hyperglycemia and hypoglycemia, and increasing geriatric population are driving the growth of the market. Prominent players in the industry include Ypsomed, Abbott Laboratories, Acon Laboratories and Nova BiomedicalLifescan.

Point-of-care diagnostic market

The Point-of-Care Diagnostics Market report outlines its constraints, challenges, drivers, and opportunities. The point-of-care diagnostics market is worth US$3.12 billion in 2021 and is expected to reach US$90.25 billion at a CAGR of 11.78%. Rising incidence of infectious diseases and increasing rate of POC testing process are fueling the growth of the market. Market participants include Siemens Healthineers, Roche Diagnostics, Abbott Laboratories, Chembio Diagnostics and Danaher Corporation.

Cancer profiling market

The cancer profiling market for SMR analyzes factors such as drivers, challenges, and constraints. The cancer profiling market is worth US$9.59 billion in 2021 and is expected to reach US$26.31 billion by 2030, at a CAGR of 11.87%. An increasing number of microbiome effects and an increasing rate of cancer are magnifying the growth rate. Important players in this market include Sysmex Corporation, Guardant Health Inc., Heromics Corporation, Elevation Oncology and others.

Spinal implant and surgical device market

The spinal implants and surgical devices market report outlines factors such as opportunities, constraints, and challenges. The spinal implants and surgical devices market is worth US$11.42 billion in 2021 and is expected to reach US$18.08 billion by 2030, at a CAGR of 5.23%. Increasing rates of traumatic fractures, spondylolisthesis, chronic degenerative disc disease, scoliosis, and other spinal disorders are driving market growth. Participants working in this market include Stryker Corporation, Medtronic, Nuvasive Inc. and RTI Surgical.

breast imaging market

SMR’s Breast Imaging Market report analyzes its growth drivers, challenges, constraints, opportunities, and more. The breast imaging market is worth US$4.14 billion in 2021 and is expected to reach US$8.79 billion by 2030 at a CAGR of 8.73%. Rising rates of cancer and technological developments are stimulating the growth of the market. Important market players include Carestream Health, Micrima Limited, Planmed Oy, Allengers, CMR Naviscan Corporation.

about us:
Strategic Market Research makes it easier for organizations around the world to make critical business decisions by providing highly accurate syndicated and customized research reports on market numbers. Whether a start-up in the introduction stage of the product lifecycle or an established company in the growth stage, all companies need market research services to streamline their core business blueprints. thinking about. It may relate to product launches, go-to-market strategies, competitive analysis, or new geographic penetration and expansion.

inquiry:
Strategic Market Research LLP.
sunil kumar
India: +91-8260836500
Email: [email protected]
Web: https://www.strategicmarketresearch.com
Blog: https://www.strategicmarketresearch.com/blog
Blog: https://www.strategicmarketresearch.com/blogs/property-management-industry-statistics
Press Release: https://www.strategicmarketresearch.com/press-releases

connection:
LinkedIn: https://www.linkedin.com/company/strategic-market-research/
twitter: https://twitter.com/smrstrategic
Facebook: https://www.facebook.com/StrategicMarketResearch
Instagram: https://www.instagram.com/strategicmarketresearchsmr/