Food Preservatives Market Trends Segment Analysis and Future Scope

1. Food Preservatives Market Will Reach USD 4,175 Million by 2030 1 © Prescient & Strategic Intelligence Private Limited. All rights reserved

2. The total value of the global food preservatives market was USD 3,098 million in 2022, and it will rise at a growth rate of above 3.8% shortly, reaching USD 4,175 million by 2030, according to P&S Intelligence. Artificial flavors play an important role in the thriving food sector, as these are utilized to fulfill the increased customer demand for improved dish texture, appearance, taste, and the long life of edibles. Among numerous seasonings, preservatives are combined with food products to evade degeneration and rapid oxidation. Download sample pages of this report: https://www.psmarketresearch.com/market-analysis/food- preservatives-market/report-sample The combination of these preservatives allows all food supply chain contributors to supply products throughout the globe, as preservers guarantee their quality and well-being during storage, transport, and usage. The strong demand for packed food products, credited to the time restraints among the growing employed populace and an increase in the obtainability of numerous suitable edible items, is fuelling the industry. Also, a trend of ‘on the go’ appetizers is on the surge, which thus seemed from the shifting consumers’ lifestyle and food eating patterns, because of the surge in urbanization and contribution of both males and females in the white-collar workforce in emerged and emerging countries. In 2022, synthetic preservatives generated the largest revenue share of USD 2,014 million. Such chemical preservers are widely utilized in the food sector, because of their less costly, high utilization in several RTE items, and significantly effective against microorganisms. Such chemically produced preservatives comprise compounds like sodium benzoate, sulfites, benzoic acid, nitrites, sodium sorbate, and potassium sorbate. The utilization of preservers is high in poultry and meat items. Artificial extracts, like nitrite, sorbate, nisin, sodium acetate, spiramycin or natamycin, and sulfite, are utilized in dried meat items. Thus, the meat, poultry, and seafood items category had a substantial share of more than 32% in 2022 among all other applications. 2 © Prescient & Strategic Intelligence Private Limited. All rights reserved

3. Additionally, increasing meat requirements is further projected to fortify the food preservatives industry. According to the data issued by the U.S. government organization, meat-eating is growing, mainly because of the increasing populace and the increasing income levels throughout the globe. Browse full report at: https://www.psmarketresearch.com/market-analysis/food- preservatives-market In APAC nations, with the growth in employee participation and their strict working calendars, there is a constant leaning toward the feeding of semi-cooked or RTE items, which is thus solidifying the preserver's demand for such items. The demand for treated food is rising fast in the region, because of the increasing populace and the growing buying power of individuals. Additionally, cost efficiency along with the obtainability of raw materials are other development drivers for the treated food sector in China and India, which is making profitable opportunities for companies providing preservatives. Hence, the key drivers of the food preservatives industry comprise the high demand and constant acceptance of packaged comestible items and the comfort of availability of these products on numerous e-commerce platforms. The research offers market size of the food preservatives market for the period 2017–2030. Market Segmentation by Label Clean Label Conventional Market Segmentation by Product Natural Synthetic Others Market Segmentation by Function Antimicrobials Antioxidants Others Market Segmentation by Application Meat, Poultry, and Seafood Products • • • • • • • • • 3 © Prescient & Strategic Intelligence Private Limited. All rights reserved

4. Beverages Confectionery Bakery Products Snacks Dairy and Frozen Products Fats and Oils Others Market Segmentation by Region North America Food Preservatives Market • • • • • • • • oBy label oBy product oBy function oBy application oBy country – U.S. and Canada Europe Food Preservatives Market • oBy label oBy product oBy function oBy application oBy country – Germany, U.K., France, Italy, Spain, and Rest of Europe Asia-Pacific (APAC) Food Preservatives Market • oBy label oBy product oBy function oBy application oBy country – Japan, China, India, South Korea, Australia, and Rest of APAC Latin America (LATAM) Food Preservatives Market • oBy label oBy product oBy function oBy application oBy country – Brazil, Mexico and Rest of LATAM Middle East and Africa (MEA) Food Preservatives Market • oBy label oBy product oBy function 4 © Prescient & Strategic Intelligence Private Limited. All rights reserved

5. oBy application oBy country – Saudi Arabia, South Africa, U.A.E., and Rest of MEA Disclaimer: P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. The information or analysis in P&S Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to be correct at the time of publication, but cannot be guaranteed. P&S Intelligence does not endorse any product, service, or vendor depicted in its research publications. All intellectual properties, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance can these be reproduced in any form without prior written agreement of their owners. An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other publication in general. No service, report, or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including but not limited to, all forms of optical-based media, magnetic, electronic, or digital, without a written permission from Prescient & Strategic Intelligence Pvt. Ltd. Kindly write to: enquiry@psmarketresearch.com 5 © Prescient & Strategic Intelligence Private Limited. All rights reserved

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