Natural Food Preservatives Market Outlook
According to a new report by Expert Market Research titled, “Natural Food Preservatives Market Growth, Share, Analysis, Report and Forecast 2023-2028″, the natural food preservatives market is projected to grow at a CAGR of 4.93% between 2023 and 2028. Aided by the burgeoning demand for clean-label food products and the escalating applications of natural food preservatives across different industries, the market is expected to grow significantly by 2028.
Natural food preservatives are substances added to foods to prevent them from spoilage due to microbial growth, oxidation, or other forms of degradation. These preservatives include salts, vinegar, rosemary extracts, and essential oils. They play a crucial role in maintaining food quality, extending shelf life, and ensuring food safety.
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The increasing consumer preference for clean-label and natural food products is primarily driving the global natural food preservatives market growth. Growing awareness about health implications associated with synthetic food preservatives has caused a significant shift towards natural food preservatives, resulting in a surge in demand for such products. Furthermore, the rising health and wellness trend has further amplified the popularity of natural food preservatives as consumers are actively seeking healthier food alternatives.
The widespread applications of natural food preservatives in various industries also significantly contribute to the natural food preservatives market development. In the food and beverage industry, natural preservatives are used extensively to increase the shelf life of products, such as processed meat, bakery, dairy, and confectionery. The pharmaceutical industry also incorporates natural preservatives in drugs to prevent degradation and maintain potency.
Moreover, regulatory authorities’ emphasis on food safety and preservation has led to a heightened focus on natural food preservatives as a preferred choice over synthetic ones. This shift aligns with the increasing consumer inclination towards natural and organic products, further boosting the natural food preservatives market expansion.
Additionally, innovation and research in the food industry have led to the development of new natural preservatives with improved efficiency and wider application range, paving the way for market growth. For instance, the emergence of bio preservation – using natural microflora and their antimicrobial products – has opened new avenues for the market.
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Furthermore, the growing demand for convenience foods due to busy lifestyles has further spurred the the natural food preservatives market growth. These foods require efficient preservation, thereby amplifying the demand for natural food preservatives.
Natural Food Preservatives Market Segmentation
The market can be divided based on source, product type, function, application, and region.
Market Breakup by Source
- Microbial
- Plant
- Mineral
- Animal
Market Breakup by Product Type
- Oil
- Honey
- Salt
- Sugar
- Citric Acid
- Vinegar
- Others
Market Breakup by Function
- Antioxidants
- Antimicrobial
- Others
Market Breakup by Application
- Dairy
- Snacks
- Bakery
- Fruits and Vegetables
- Beverages
- Sea Food, Meat, and Poultry
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global natural food preservatives companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Kemin Industries, Inc.
- Cargill, Inc.
- ITA 3 s.r.l.
- BASF SE
- Corbion N.V.
- Merck KGaA
- Others
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