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Food Preservatives Market Trends, Key Player Strategy Analysis, 2023–2032

The increasing demand for natural & clean-label alternatives due to the growing consumer concerns related to health risks caused by synthetic preservatives will hamper the food preservatives market.

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Food Preservatives Market Trends, Key Player Strategy Analysis, 2023–2032

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  1. Food Preservatives Market Demand to Cross USD 4.3 Bn by 2032 Global Market Insights Inc.

  2. Overview of Food Preservatives Market The food preservatives market size is poised to cross USD 4 billion by 2032, as per the report. The steady rise in the global population is leading to greater demand for processed and packaged foods, which require preservatives to extend shelf life, creating a favorable environment for industry growth. As per a 2022 American Frozen Food Institute (AFFI) survey, over 68% of U.S. adults purchase frozen food products at least once each week. Changing consumer lifestyles, with a preference for convenience foods, are also fueling the need for preservative-laden products. The rising awareness of food safety and the prevention of spoilage is driving the demand for preservatives as consumers seek fresher, safer options. Moreover, globalization has expanded food supply chains, necessitating longer storage and transportation times, further boosting market development. Natural type food preservatives to witness strong demand Natural food preservatives industry share will grow at a commendable pace over 2023-2032, owing to the increasing health consciousness of consumers and the subsequent rise in demand for products with fewer synthetic additives. Concerns about the long-term health effects of synthetic preservatives have prompted a shift towards safer, more transparent food preservation methods. Additionally, with sustainability emerging as a growing concern, natural preservatives are gaining significant traction among consumers, as they align with eco-friendly practices, given that they originate from renewable sources. The growing appeal of clean-label products, which are free from artificial additives, is also growing among consumers who desire more transparency in their food choices, further fueling natural food preservatives market expansion. Global Market Insights Inc.

  3. Continue… Beverage segment to gain traction Food preservatives market share from the beverage application segment is witnessing significant growth over 2023-2032. The global beverage industry is expanding rapidly, with consumers seeking a wider variety of options, including ready-to-drink and extended-shelf-life beverages. This necessitates the use of effective preservatives to maintain product quality and safety throughout distribution. Also, with consumers increasingly looking for healthier and more natural ingredients in their beverages, there is a growing preference for natural and clean-label preservatives that can extend shelf life without compromising health concerns. Global Market Insights Inc.

  4. Continue… Europe to emerge as a lucrative market Europe will account for a substantial share of the global food preservatives market by 2032, due to strong regulatory frameworks and stringent food safety standards, including the use of preservatives that play a vital role in ensuring compliance and preventing foodborne illnesses. Innovation in preservative technologies, such as natural antimicrobials, will continue to foster industry growth by offering healthier and more sustainable preservation solutions to European consumers. For instance, in November 2022, Prinova Europe introduced a new, potent, plant-sourced antimicrobial preservative, dubbed PlantGuard AM to restrict the growth of mold, yeasts, and bacteria, allowing for clean-label production and minimal food wastage. Additionally, changing dietary preferences and the rising popularity of ready-to-eat and convenience foods in European households have necessitated the use of preservatives for extended shelf life. Moreover, the aging population and the resultant shift towards packaged and easily accessible foods will also bolster the regional market outlook over the forecast period. Global Market Insights Inc.

  5. Continue… Market Players Various companies are operating in the food preservative industry, including Cargill Incorporated, Kerry Group Plc, DuPont de Nemours, Inc., Corbion N.V, BASF SE, Archer Daniels Midland Company, Koninklijke DSM, Kemin Industries, Inc., and Galactic S.A. These companies are focusing on expanding their market presence through strategic measures such as partnerships and new product launches, among others. For instance, in May 2023, Kerry announced the establishment of an innovation hub located within the Netherlands-based Wageningen University’s “Food Valley”, aimed at pioneering new food waste and clean-label ingredient solutions through food protection and preservation. Global Market Insights Inc.

  6. Browse Full Research Report On Food Preservatives Market@ https://bit.ly/3LqECBp Request for a sample of this research report @ https://bit.ly/3sYCRW2 Global Market Insights Inc.

  7. Stay In Touch Website: www.gminsights.com Social Media: Global Market Insights Inc.

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