Detailed insights into food preservation market

Food preservation agents are add to food during processing to increase its stability and prevent decomposition. Depending on the circumstance, they contribute minimally to the variety of cuisines. Salt, sugar, and spices were traditionally use to preserve meat and other foods. It is an additive in the meal, either natural or man-made, that helps people refrains from overindulging. Foods can stay fresher for longer with the use of preservation.

The market for food preservatives in 2021 was , and it will be worth USD 4.65 billion by 2030, growing at a 5% CAGR during the forecast period.

Market expansion is drive by consumers’ rising preference for organic food, clean-label goods, and natural preservatives. Standards and regulations set by the government are equally important in determining how markets develop.

Market Dynamics

Drivers 

Due to shifting consumer lifestyles, an uptick in imports and exports, and a preference for fresh goods, the need for food preservation is predict to grow steadily over the coming years. Other factors driving market expansion include the emergence of the requirement for clean label solutions, rising processed and packaged food demand, and increasing penetration of the organized retail sector. Additionally, as knowledge of a healthy lifestyle and the prevalence of food-borne illnesses has grown, so has the demand for food products that are efficiently preserve, fueling the growth of the global food preservation market.

Opportunity

In emerging regions where habits and cultures are changing swiftly and favoring ease more strongly, there is a growing demand from homes and workplaces for meals with a longer shelf life. Fast food will eventually separate itself from junk food as people search for quick, easy, and wholesome solutions. Parents will also increasingly favor clean-label products for their children. Finding naturally occurring substances that are highly nutritious may create significant market potential. Globalization and urbanization have accelerated, raising literacy rates and boosting people’s contact with developed nations through foreign media, global career possibilities, and travel. 

Market Segmentation

By label, the market is segment into conventional and clean labels. The conventional segment led the entire market with the largest revenue share of 65% in 2021. It is possible to utilize conventional food preservation alone or in conjunction with alternative preservation techniques. 

By Type, the food preservation market is segment into synthetic and natural. The synthetic segment led the market with the largest revenue share of 65.0% in 2021. Preservatives of the synthetic variety are inexpensive and easy to make. Sorbates had the greatest market share among synthetic goods in 2021 because it is widely use in meat, poultry, and dairy products. In synthetic forms, nitrates, propionates, and benzoates are also often utilize.

By Function, the market is segment into anti-microbial, anti-oxidant, and others. In 2021 the antimicrobial segment held a maximum market position with the largest revenue share of 75.0%. Antimicrobials are mostly use to prevent oxidative damage from making food worse. Numerous types of food commonly contain fungi and bacteria, and the microbial makeup of the food is crucial in preventing the spread of these pathogens. Another factor promoting the market’s growth is the pervasive use of antimicrobials in personal care and cosmetics products.

In terms of application, the food preservation market is segment into bakery, beverages, snacks, dairy, meat & poultry products, and othersIn the year 2021, with the largest revenue share of 30.0% meat and poultry segment ruled the entire market. The globalization of the processed meat, seafood, and poultry industries throughout the forecast period will drive demand for this market sector.

Regional Insights

North America ruled the entire regional market, with the largest revenue share of 30% in 2021. An increase in food product consumption in the United States, Canada, and Mexico drives the North American market. 

The food and beverage industry is the primary force behind European market expansion. Europe’s top export destinations for food and beverage products are the United States, Japan, Australia, China, and Saudi Arabia. The majority of the export goods are made up of meat, fish, dairy, and beverages such as alcoholic and nonalcoholic drinks as well as dairy products. As a result, more food exports from Europe are project. During the next years, the growing working population and customers’ need for ready-to-eat foods contribute to the growth of the Asia Pacific market.

Key Players 

  • BASF SE
  • Tate & Lyle
  • Celanese Corporation
  • ADM
  • Corbion N.V.
  • Kemin Industries, Inc.
  • Galactic S.A.
  • Cargill, Inc.
  • Kerry

The market for food preservation in 2021 was USD 3 billion, and it will be worth USD 4.65 billion by 2030, growing at a 5% CAGR during the forecast period. The market for food preservatives will expand rapidly due to millennials’ phenomenal consumption and the demand from emerging economies. Key growth drivers in the market for food preservatives are technological advancements that enable efficient production, an expanded product line, sophisticated design and packaging, effective operational maintenance, and sales monitoring.

Food additives are utilized for protecting tidbits, candy stores, bread kitchen items, dairy, meat, and poultry items. Interest for these items is expanding universally attributable to different factors like an adjustment of client way of life, the flood in imports and commodities, expanding inclination for new items, and an ascent in shopper readiness to follow through on a superior cost.

The U.S. market size was esteemed at USD 668.0 million of every 2021 and is expected to enroll an impressive CAGR from 2022 to 2030. Rising interest for meat and poultry items is supposed to support development. Producers like Corbion N.V. use vinegar, alongside jasmine remove as an enemy of oxidant and citrus powder, to forestall dampness movement of the item.

The U.S. was driven by synthetic additives, like benzoates, nitrites, and propionates. Regular held the biggest income portion of more than 65.0% in 2021. Regular food additives are utilized alone or in formation with other protection procedures.