Global Natural Food Preservatives Market is valued at USD 387.4 Million in 2021 and expected to reach USD 818.6 Million by 2028 with a CAGR of 7.1% over the forecast period.
Global Natural Food Preservatives Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2028- Increased demand for convenience products and rising adoption of natural components in the food industry and among consumers are some of the major factors driving the growth of Global Natural Food Preservatives Market.
Natural preservatives are naturally occurring substances used in a wide range of products such as snacks, bakery, confectionery, meat, seafood, poultry, and others to preserve the natural properties of food and extend the shelf life of food products for storage. In addition, natural food preservatives are used to prevent spoilage during transportation. Traditional natural methods of preservation include freezing, boiling, smoking, pasteurizing, pickling, and others. Sugar and salt are the oldest natural ways of preserving food, effectively reducing the growth of bacteria in food.
The outbreak of Covid-19 has led to an increase in sales of retail and long-shelf products in the global market, which have been linked to export restrictions. As a result, large populations around the world are engaged in stockpiling groceries and packaged food products for their homes. This ultimately had a positive effect on the industrial demand for food preservatives in the medium term. The main applications during the epidemic are bakery, frozen food, snacks, and others. Also, consumer demand for RTE meals has increased, creating equal opportunities for food preservative producers in recent times.
The global natural food preservatives market report covers the prominent players are
Global Natural Food Preservatives market is segmented into application, type, function, and region & country level. Based on application, the natural food preservatives market is segmented into sea food, meat & poultry, bakery, dairy, snacks, beverages, fruits and vegetables, and others. Based on type, the natural food preservatives market is segmented into salt, sugar, oil, honey, citric acid, vinegar, and others. Based on function, the market is segmented into antimicrobial, antioxidants, and others.
The regions covered in this Natural Food Preservatives market report are North America, Europe, Asia-Pacific, and Rest of the World. Based on country level, market of global Natural Food Preservatives is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, Southeast Asia, GCC, Africa, etc.
The natural food preservative market is driven by changing consumer preferences towards RTE food products, which has led to increasing the demand for foods with a longer shelf life, thus fostering the growth of the global natural food preservative market. Demand for RTE foods has skyrocketed during the Covid-19 epidemic, especially among consumers who are not interested in cooking. In addition, restaurants restricting services for fear of a growing number of coronavirus cases were urging consumers to cook at home, leading to increase consumption of ready-to-eat products in the medium term. Coronavirus has become one of the few industries that have seen a huge increase in demand for epidemics throughout the countries (or across the continent). While the countries are on lockdown and most people working from home, ready-to-cook food has been flying off the shelf for the past few months. Goffers, one of India's leading online grocery stores, reported sales growth of 170 percent in the RTE category, 31 percent in the RTE meal and mix category, and 41 percent in the frozen food category. Suddenly consumers turn to home-cooked food.
In fact, it is estimated that this change in consumer behavior will significantly improve the market studied in 2021 compared to 2019. Young consumers spend most of their income on conveniently prepared food products. Young consumers are the easiest target for ready-to-eat food manufacturing veterans. The convenience level of such products helps to increase the overall demand in the global market. Therefore, natural food preservatives are being used extensively to make these foods last longer. As a result, the growing trend of ready-to-eat food among consumers is fostering the growth of the global natural food preservatives market.
The market is driven by the increasing mergers, investment, acquisition, and other activities in the market by key players. In the last few years, the market has witnessed a lot of development of new technologies, which has given a big boost to the market. Some players have invested in technology development, while some players have made large investments, including the acquisition and movement of other players. For instance; The IFF, a key player, finalized the merger in February 2021 with DuPont's Department of Nutrition and Biosciences. IFF will be the name of the consolidated company. No. Hanson Holding A/S acquired Genevene Biotechnology GmbH in September 2021 to enter the market for high-growth human milk oligosaccharides. By 2025, the business has invested more than EUR 200 million in manufacturing assets, including the Brownfield plant, to increase HMO capacity and meet projected demand. In May 2019, Kerry established a headquarters and innovation hub in Queensland to drive food innovation.
The facility will serve as Kerry's new headquarters in Australia and New Zealand. The new development and application center will bring the end-to-end food innovation cycle under one roof, reduce the time it takes to market new product development, and increase Kerry's ability to drive food innovation in the region. key players are focusing on the development of technologies working on their weak points and making their strength by making mergers and acquisitions with other market players. However, limitations associated with the use of these preservatives may hamper the market growth. In spite of that, an increasing number of product offerings and advancements in this field are expected to offer more opportunities for the further growth of the market.
The increasing demand for convenience and processed foods is forcing producers to use food preservatives to extend the shelf life of food. High awareness regarding the many risks associated with chemical preservatives has also led to an increase in the market for natural preservatives. North America has highly regulated policies regarding the commercialization of food products and ingredients. Such regulations provide beneficial growth opportunities for producers to introduce new preservatives with minimal or no adverse effects on human health. Companies, as a part of their strategy, are spending significant amounts on developing techniques to create preservatives using more natural ingredients instead of synthetic inputs. In July 2021, DSM announced the expansion of its Dairy Safe Cheese Bio Preservation Portfolio, with the selection of a new phase-strong culture rotation. With new cultures, cheese growers can benefit from a stronger culture rotation system, which ensures reliable and consistent cheese production and optimal phase management.
The Asia Pacific is expected to be the fastest-growing food preservative market within the forecast period owing to the large population and the rising demand for authentic ethnic flavors, the growing popularity of convenience foods, and the growing awareness of the medicinal properties of food preservatives in this region. In addition, the Asia-Pacific food and beverage sector is heavily influenced the consumer preferences for healthy eating, the trend towards natural and organic foods, and the growing need for convenient food products which are also supplementing the demand for natural food preservatives. Emerging economies, increasing industrialization, increasing demand for processed foods, and consumer preference for quality products have made component suppliers increasingly optimistic about the growth of the food and beverage industry. While these trends and preferences raise awareness of the health risks associated with synthetic food additives, there is a growing need for new additives in foods.
On June 13th, 2019; Canadian startup Chinova Bioworks planned to launch its antimicrobial natural food preservative, made from mushroom chitosan, at the end of this year for dairy and sauce applications, answering industry demand for a clean label preservative alternative.
On April 17th, 2019; Australian startup, Ingredient Trading Company (ITC), launched a natural food preservative range that claims to boost the shelf-life of dairy, bakery and both fresh and cooked meat products. The range, which was jointly developed by US foot technologists at Georgetown University and Chinese food scientists and pharmaceutical companies, can also help food manufacturers cater to consumer demand for all-natural products both here and overseas, according to ITC co-founder Steve Lewis.
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2028|
|Market Size in 2021:||USD 387.4 Million|
|Base year considered||2020|
|Forecast Period CAGR %:||
|Market Size Expected in 2028:||USD 818.6 Million|
|Tables, Charts & Figures:||175|
|Natural Food Preservatives Manufacturers||Koninklijke DSM N.V., Cargill, Inc, Kemin Industries, Inc., Archer Daniels Midland Company, Tate & Lyle PLC. (Tate & Lyle), BASF SE (BASF), Corbion NV, GALACTIC SA, BIOSECUR LAB (Foodguard), ITA 3 S.r.l., others.|
|Segments Covered||By Application, By Type, By Function|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
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