Global Natural Food Preservatives Market Report and Forecast 2024-2032

Global Natural Food Preservatives Market Outlook

The global natural food preservatives market size is expected to grow at a CAGR of 4.9% in the forecast period of 2024-2032, reaching a value of around USD 1098.98 million by 2032. The market is being driven by the increasing demand for natural ingredients in food and beverages.

Key Trends in the Market

Natural food preservatives refer to the preservatives which are free from synthetic components and are obtained from different natural sources such as vitamin C, vinegar, spices, and plant extracts, among others. These preservatives help in the prevention of food spoilage by actions such as inhibiting oxidation and preventing microbial action that can damage the food or beverage quality.

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• The rapid transition from artificial to clean-labelled natural food products, coupled with the thriving food and beverage sector across the emerging economies, is driving the natural food preservatives market. With rising awareness among consumers about the harmful effects of synthetic products, more people are preferring natural food preservatives.

• Increase in demand for meat, dairy, and bakery products, owing to rising disposable income and easy accessibility, is expanding the opportunities for market for natural food preservatives. These food products are prone to spoilage which is increasing the demand for natural food preservatives to maintain their quality.

• Rapid globalisation and expansion of major food processing firms across potential economies is likely to be a crucial trend in the natural food preservatives market growth. These expansion strategies are likely to boost the production of popular food and beverage products that contain natural food preservatives.

Market Analysis

Based on source, the market is segmented into microbial, plant, mineral, and animal. On the basis of product type, the market is divided into oil, honey, salt, sugar, citric acid, and vinegar, among others. Based on function, the market is classified into antioxidants, and antimicrobial, among others. By application, the market is categorised into dairy, snacks, bakery, fruits and vegetables, beverages, and sea food, meat, and poultry, among others. The regional markets for natural food preservatives are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global natural food preservatives market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Kemin Industries, Inc. 

• Cargill, Inc.

• ITA 3 s.r.l.

• BASF SE

• Corbion N.V.

• Merck KGaA

• Others

Market Share by Function

The antimicrobial segment, based on function, accounts for a healthy share of the natural food preservatives market. This can be attributed to the ability of antimicrobial preservatives to preserve food without changing its quality. In addition, these preservatives also offer protection against a wide spectrum of microorganisms. Over the forecast period, the anticipated increase in demand for antimicrobial preservatives in fruits and vegetables, to ensure safety, protection, and to extend shelf life, is propelling the growth of this segment.

Market Share by Region

The North America region holds a significant share of the natural food preservatives market. Rising demand for meat, increasing application of natural food preservatives in bakeries and confectionery outlets, and rising population across the United States and Mexico, is driving the market for natural food preservatives in the region. Moreover, a heavy consumption of ready-to-eat food products across the region and common purchase of food items in bulk is another major factor bolstering the market natural food preservatives. Rising awareness among consumers in countries such as the United States and Canada is also resulting in an increased demand for natural food preservatives over synthetic food preservatives.

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Competitive Landscape

Kemin Industries, Inc. is a global ingredient manufacturer which produces and sells products related to pets, aquaculture, nutraceuticals, crop technology, and textiles, among others. Founded in 1961, the company is headquartered in Iowa, United States.

Cargill, Inc. is a leading food corporation which produces and markets products and services related to financial, agricultural, and industrial fields. The company was established in 1865 and is headquartered in Minnesota in the United States.

ITA 3 s.r.l. is a renowned food company which delivers natural food additives, with a product portfolio that includes mould inhibitors, emulsifiers, and antioxidants. The company was founded in 1980 and is currently headquartered in Lombardy, Italy.

Other market players include BASF SE, Corbion N.V., and Merck KGaA, among others.

Key Highlights of the Report