Market Overview

The Global Food Preservatives Market was valued at USD 3,627.0 million in 2023 and is expected to reach USD 4,630.3 million by 2031 while growing at a CAGR of 3.1% during the forecast period (2024-2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global food preservatives market growth. Food preservatives, added to inhibit microorganism growth and prevent oxidative deterioration, extend shelf life by maintaining safety, quality, and freshness. They prevent spoilage, control microbial contamination, and safeguard against undesirable changes in color, flavor, and texture.

Increasing demand for processed and convenience foods, coupled with consumer awareness and a preference for clean label products, propels the growth of the food preservatives market. Nevertheless, stringent regulatory standards and consumer preferences for natural and clean label products pose potential obstacles to market expansion.

Furthermore, the global food preservatives industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Type Analysis

The Global Food Preservatives Market is segmented among Antioxidants, Antimicrobials, Acidulant, and Other Types, based on Type. In 2023, Antimicrobials accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Application Analysis

The Global Food Preservatives Market is segmented among Bakery and Confectionery, Meat and Poultry, Ready Meals, Sweet and Savory Snacks, Sauces and Dressings, Edible Oils, and Other Applications, based on Application. In 2023, Meat and Poultry accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Food Preservatives Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Kemin Industries Inc., Givuadan SA, Synthite Industries Ltd., International Flavors & Fragrances Inc., Mane Kancor Ingredients Pvt. Ltd., BASF SE, Tate & Lyle PLC, Corbion NV, Hawkins Watt Limited, and Eastman Chemical Company.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Food Preservatives Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Food Preservatives Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Food Preservatives Market Segmentation, By Type

• Global Food Preservatives Market Share Analysis, By Type

• Global Food Preservatives Market Growth Analysis, By Type

• Global Food Preservatives Market Trends, By Type

o Antioxidants

Ø Natural Antioxidants

Ø Synthetic Antioxidants

o Antimicrobials

Ø Natural Antimicrobial

Ø Synthetic Antimicrobial

o Acidulant

o Other Types

6. Global Food Preservatives Market Segmentation, By Application

• Global Food Preservatives Market Share Analysis, By Application

• Global Food Preservatives Market Growth Analysis, By Application

• Global Food Preservatives Market Trends, By Application

o Bakery and Confectionery

o Meat and Poultry

o Ready Meals

o Sweet and Savory Snacks

o Sauces and Dressings

o Edible Oils

o Other Applications

7. Global Food Preservatives Market Segmentation, By Region

• Global Food Preservatives Market Share Analysis, By Region

• Global Food Preservatives Market Growth Analysis, By Region

• Global Food Preservatives Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Kemin Industries Inc.*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Givuadan SA

• Synthite Industries Ltd.

• International Flavors & Fragrances Inc.

• Mane Kancor Ingredients Pvt. Ltd.

• BASF SE

• Tate & Lyle PLC

• Corbion NV

• Hawkins Watt Limited

• Eastman Chemical Company   

 *Similar analysis will be provided for each company listed above.