Food Preservatives Market Size Worth $ 4.55 Billion By 2032 | CAGR: 5.3%

The global food preservatives market size is expected to reach USD 4.55 billion by 2032, according to a new study by Polaris Market Research. The report “Food Preservatives Market Share, Size, Trends, Industry Analysis Report, By Label (Clean label, Conventional); By Type; By Function; By Application; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The growth of the food preservatives market is highly influenced by the rising measures taken by the producers of food and beverages to extend the shelf life of their products in the marketplace. According to the United Nations Food and Agricultural Organization, around one third of the global food production for human consumption, approximately 1.3 billion tonnes, is wasted in the world. The propensity to safeguard food from spoilage, along with the maintenance of quality with the capability to limit microbial, chemical, or enzymatic activities, plays a vital role in the adoption of food preservatives. 

People are showing their interest in processed and packaged foods and are recognizing the need for food preservation resources. According to the World Health Organization and the Indian Council for Research on International Economic Relations (ICRIER) study in 2023, the sales of ultra-processed food in India witnessed growth in the past ten years (2011–2021) with 13.37%, which is larger at the global level.

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The growing demand for sustainable, quality, and safe food products is significantly enhancing the production of food products. The longer shelf life is becoming pivotal in the marketplace as it enables companies to meet consumer taste and flavor expectations. The growing demand for snacking in developing countries is boosting the demand for food preservatives. According to the Household Consumption Expenditure Survey released by the Ministry of Statistics and Programme Implementation in India in 2024, the expenditure on fish, meat, beverages, and processed food increased in Rural India, while processed foods and beverages increased in Urban India.

The prevalent expansion activities in the field of food preservatives are optimally driving global market growth. For instance, in November 2023, SK Capital Partners completed the acquisition of a food and beverage provider, J&K Ingredients, Inc. The rising initiatives to enhance the production and distribution of food and beverages to a wider consumer base are optimally driving the food preservatives market growth.

Food Preservatives Market Report Highlights

• Conventional segment is anticipated to witness the highest growth due to the demand for durable food products.
• Synthetic segment accounted for the largest market share owing to the lower cost of food preservatives.
• The Anti-microbial segment is projected to experience a larger revenue share due to its potential to promote food shelf life.
• Asia Pacific is projected to register the fastest growth attributable to the growing population, necessitating the need for food preservation.
• The global players include ADM, BASF, Cargill, Celanese Corporation, Corbion, Galactic S.A., Kerry, Kemin Industries, & Koninklijke DSM.

Polaris Market Research has segmented the food preservatives market report based on label, type, function, application, and region:

Food Preservatives, Label Outlook (Revenue - USD Billion, 2019 - 2032)

• Clean Label
• Conventional

Food Preservatives, Type Outlook (Revenue - USD Billion, 2019 - 2032)

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

Food Preservatives, Function Outlook (Revenue - USD Billion, 2019 - 2032)

• Anti-microbial
• Anti-oxidant
• Others

Food Preservatives, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Meat & Poultry Products
• Bakery Products
• Dairy Products
• Beverages
• Snacks
• Others

Food Preservatives, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Rest of Asia Pacific
• Latin America
  • Argentina
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
  • Rest of Middle East & Africa

Food Preservatives Market Report Scope