Sustainability and Safety: Exploring the Latest in Food Preservatives

 The food preservatives market refers to the industry that produces and supplies substances used to prolong the shelf life of food products by inhibiting the growth of microorganisms, oxidation, or other undesirable chemical changes. These preservatives help maintain the quality, safety, and freshness of food, allowing for longer storage, transportation, and distribution.

 

The global food preservatives industry size was valued at US$ 3.3 billion in 2022 and is poised to grow from US$ 3.4 billion in 2023 to US$ 3.9 billion by 2028, growing at a CAGR of 3.0% in the forecast period (2023-2028).

The food preservatives industry includes various types of preservatives such as antimicrobials, antioxidants, and antimicrobial/antioxidant blends, among others. Commonly used preservatives include sodium benzoate, potassium sorbate, nitrites, sulfites, and ascorbic acid among others.

 

Factors Driving the Food Preservatives Market Growth

 

Global urbanization and rising employment rates have drastically changed consumer lifestyles and eating habits. Convenience is key, leading to a demand for food products that are easy to prepare, consume, and have a longer shelf life. Food preservatives play a critical role in achieving this by extending shelf life and maintaining freshness. This surge in demand for extended shelf life has correspondingly increased the demand for food preservatives in the food and beverage industry.

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Furthermore, preservatives offer manufacturers advantages in terms of storage efficiency and competitive pricing, further solidifying their importance. It’s important to note that the post-pandemic rise in health consciousness is also positively impacting the market. This trend is driving the growth of natural preservatives like citric acid and rosemary extracts, propelling the overall food preservatives industry forward.

Top Food Preservatives Manufacturers

• Cargill, Incorporated (US)
• Kerry Group plc (Ireland)
• ADM (US)
• DSM (Netherlands)
• Kemin Industries Inc. (US)

 

How natural food preservatives are creating growth opportunities for the industry players in the food & beverage industry?

 

Consumers these days are increasingly looking for natural, fresh, wholesome, and balanced nutrition, leading them to scrutinize product labels more and prioritize clean food ingredients. This trend is driving innovation in the food & beverage industry, with manufacturers of food preservatives focusing on clean-labelled solutions and breakthroughs. As a result, the growing demand for clean-label products is expected to create lucrative growth opportunities for market players to develop new formulations.

 

Synthetic food preservatives are estimated to account for the largest food preservatives market share

 

The wide-scale popularity of synthetic food preservatives in the food preservatives market can be attributed to several factors. These include their well-established effectiveness, readily available supply, and cost-efficiency. Additionally, lower regulatory hurdles and reduced research and development investment required in emerging Asia-Pacific economies further contribute to their dominance in the market.

 

North American Food Preservatives Industry

 

North America’s massive consumption of packaged and ready-to-eat foods, coupled with its position as a leading exporter of meat products, fuels the high demand for food preservatives in the region. These processed and meat products rely on preservatives to extend their shelf life, making North America a continuously attractive market for the food preservatives industry.

 

New Breakthroughs in the Food Preservatives Market: What You Need to Know

·      In March 2022, Kerry Group plc (Ireland) expanded its food manufacturing facilities with the newly upgraded facility in Rome, Georgia. A total of USD 141 million has been invested in creating the largest food manufacturing facility in the US. This facility aims to provide integrated taste and nutrition solutions to meet the growing consumer demand in the poultry, seafood, and alternative protein markets across the US and Canada.

·      In April 2021, Jungbunzlauer Suisse AG  (Switzerland) expanded its citric plant in Port Colborne, Canada, owing to the consistently strong and growing global demand for citric acid and citrates. These products are functional and bio-based ingredients in food, beverages, detergents, and industrial applications. This expansion will help the company improve its portfolio for customers looking for safe and biodegradable products from sustainable production plants.