The global food preservatives market size is expected to reach USD 3.2 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 3.7% over the forecast period. The fast-paced working lifestyle of consumers in North America and Asia Pacific has been instrumental in driving the demand for ready-to-eat products. Consequently, the use of food preservatives is expected to grow owing to benefits provided by them, such as prevention of food spoilage and increase in shelf life.
Food preservation is a traditional method used to store and keep food safe for longer periods. Over the time, the method has evolved from the usage of culinary salt, sugar, to chemical types. Globalization has led to increased demand for the synthetic types. The usage of preservatives in various applications sectors including processed meat, bakery, and dairy is expected to foresee substantial growth in terms of revenue over the forecast period.
Food preservatives are categorized into two types, namely, natural and synthetic. Rosemary extracts, vinegar, and natamycin are natural types, whereas propionates, benzoates, and sorbates are included in synthetic type, which are the most preferred ones. Factors such as adverse effects associated with synthetic food preservatives coupled with increasing health consciousness among consumers, are anticipated to drive the demand for natural variants.
On the basis of function, anti-microbial preservatives emerged as the largest segment in terms of revenue, owing to surging demand for anti-microbial agents in processed meat and beverage industries. North America emerged as the largest regional market in terms of revenue, followed by Asia Pacific.
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