Loading...
0

Natural Food Preservatives Market Expected to Reach $1,068.1 Million by 2026

 
 

quote Over the years, general awareness among consumers about health and fitness has increased exponentially. They are now aware of the effects of synthetic preservatives used in food. To remain fit and healthy, consumers today are shifting toward food items which either do not contain preservatives or use natural preservatives to increase shelf life. quote

According to Shankar Bhandalkar
Senior Research Analyst, Food and Beverages at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, "Natural Food Preservatives Market By Type, Function And Application: Global Opportunity Analysis And Industry Forecast, 2019-2026," the global natural food preservatives market size was valued at $796.1 million in 2018 and is projected to reach $1,068.1 million by 2026, growing at a CAGR of 3.7% from 2019 to 2026. Asia-Pacific is one of the prominent regions in the market that accounted for approximately one-fourth of the total natural food preservatives market share in 2018. Preservatives are used in a wide range of products, such as bakery, confectionery, snacks, meat, seafood, poultry, and others, to reduce oxidation, prevent food spoilage, and inhibit microbial growth. The types of preservatives include antimicrobials, antioxidants, chelating agents, and others. Various regulations are imposed on the use of food preservatives by regulatory bodies. FDA has regulated the concentration range of preservatives to be added in food products and has also banned use of chemicals that are harmful to human health.

Factors that drive the natural food preservatives market growth are change in lifestyle of people and varied consumer trends toward use of ready-to-eat food products. The food & beverage processing industry has influenced the food preservatives market to a large extent. In addition, growth in bakery, confectionery, meat, and poultry applications is expected to fuel the demand for food preservatives in the future. However, stringent regulations pertaining to the use of chemical preservatives in many regions and rise in awareness among consumers toward use of these additives are expected to hamper the growth of the market.

The Natural Food Preservatives Industry is segmented on the basis of type, function, application, and region. On the basis of type, it is divided into salt, sugar, oil, honey, citric acid, vinegar, and others. The others segment includes plant extracts and fruit extracts. By function, the market is categorized into antimicrobial, antioxidants, and others. By application, the market is split into sea food, meat & poultry, bakery products, dairy products, snacks, beverages, fruits & vegetables, and others. The others segment is further divided into sauces, dressings, condiments, confectionery, and savory snacks. The natural food preservatives are studied four regions, namely, North America, Europe, Asia-Pacific, and LAMEA

According to Shankar Bhandalkar, Senior Research Analyst, Food and Beverages at Allied Market Research, “Over the years, general awareness among consumers about health and fitness has increased exponentially. They are now aware of the effects of synthetic preservatives used in food. To remain fit and healthy, consumers today are shifting toward food items which either do not contain preservatives or use natural preservatives to increase shelf life.”

According to the natural food preservatives market the salt segment was the highest contributor to the global market. However, the citric acid segment is expected to grow at the fastest CAGR of 4.8% during the forecast period reaching $110.6 million by 2026. Citric acid is found naturally in citrus fruits. It is widely used in carbonated drinks and as an acidifier in foods. The market for aerated drinks is growing exponentially, therefore, the market for citric acid is also expected to grow at a substantial rate.

According to the natural food preservatives market analysis, the antimicrobial segment accounted for the maximum share in the global market in 2018 and is expected to remain dominant during the forecast period. Also, the antioxidants segment is expected to experience a rapid growth with a CAGR of 3.5% from 2019 to 2026. In addition, the sea food, meat & poultry segment accounted for a maximum share in the global market in 2018 and is expected to remain dominant during the forecast period. The snack and bakery segment is expected to grow at significant CAGR of 4.7% and 4.1% during the forecast period.

An increase in demand for natural food preservation equipment in Asia-Pacific and LAMEA is expected in the future, owing to the rise in the prevalence in consumption of packaged food in this region. Moreover, rise in the general awareness about harmful effects of synthetic compounds in food and adoption of clean label food ingredients is expected to provide opportunities for the growth global market.

Key Findings of the Natural Food Preservatives Market  :

  • Based on type, the salt segment in the market is expected to grow at a CAGR of 3.4% from 2019 to 2026.
  • Based on region, North America is projected to maintain its lead position throughout the forecast period, growing at a CAGR of 3.4%. 
  • Based on function, the antimicrobial segment accounted for more than 57.4% of the total natural food preservatives market in 2018.
  • Based on region, Asia-Pacific is expected to occupy a sizeable share in the global natural food preservatives market. It is expected to reach $316.2 million in 2026.
  • Based on application, the sea food, meat & poultry segment is expected to grow at a CAGR of 3.4% from 2019 to 2026.

North America accounted for approximately two-fifth share of the total natural food preservatives market in 2018 and is expected to remain dominant during the forecast period. Asia-Pacific is expected to be a prominent market with major growth expected in China, India, and other developing countries.

The key players profiled in the natural food preservatives market  report include Koninklijke DSM N.V., Cargill, Inc, Kemin Industries, Inc., Archer Daniels Midland Company, Tate & Lyle PLC., BASF SE, Corbion NV, Galactic SA, Biosecur Lab (Foodguard) and ITA 3 S.r.l.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Shaun Godinho
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Natural Food Preservatives Market by Product Type (Salt, Sugar, Oil, Honey, Citric Acid, Vinegar, and Others), Function (Antimicrobial, Antioxidants, and Others), and Application (Sea Food, Meat & Poultry, Bakery Products, Dairy Products, Snacks, Beverages, Fruits & Vegetables, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026 quote

View Report
 
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Natural Food Preservatives Market"
Purchase Enquiry