A recently published Fact.MR report projects global demand for natural food preservatives to reach nearly US$ 800 Mn in 2031, expanding at a CAGR of 7% across the 2021-2031 assessment period. Consumers are expected to exhibit major tilt towards organic preservatives.
As per this study, the market flourished at a CAGR of 4% during the 2016-2020 historical period. Upsurge in demand for convenience products and growing emphasis on organic foods has led to soaring demand for foods with longer shelf life, consequently rising the natural food preservatives demand.
Prospects have especially widened amidst the onset of COVID-19. As consumers increasingly demand health boosting foodstuffs and beverages, manufacturers are incorporating natural preservatives to elongate shelf lives. This trend is expected to continue prevailing throughout the upcoming decade.
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Key Takeaways from Market Study:
- The global natural food preservatives market is anticipated to add nearly 2x value by 2031
- Salt to remain most widely used natural preservative, accounting for 50% of sales
- By function, use as antimicrobials to comprise at least 3 out of 5 uptakes by 2031
- Meat & poultry applications to remain maximum, expanding at around 6% CAGR
- U.S likely to generate incremental opportunity worth US$ 396.3 Mn by 2031
- China to emerge as a significant growth region, registering a CAGR of 4% until 2031
- India to attract significant investments in natural food preservatives in the long-run
“Rapidly growing market understanding of animal welfare and changing dietary habits is projected to boost the demand for plant-based preservatives in forthcoming years,” says a Fact.MR analyst.
Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advances for cancer screening, mergers, and acquisitions.
- In Feb 2021, prominent player IFF completed its merger with DuPont’s nutrition & biosciences business. The combined company will continue to operate under the name IFF.
- In Sep, 2021 Chr. Hansen Holding A/S acquired Jennewein Biotechnologie GmbH to enter the high-growth human milk oligosaccharides market. The company plans to invest more than EUR 200 million in production assets until 2025, including an investment in a brown-field factory, to expand HMO capacity to supply the expected demand.
Key Segments Covered
- Salt-based Natural Food Preservatives
- Sugar-based Natural Food Preservatives
- Oil-based Natural Food Preservatives
- Honey-based Natural Food Preservatives
- Citric Acid-based Natural Food Preservatives
- Vinegar-based Natural Food Preservatives
- Other Natural Food Preservatives
- Antimicrobial Natural Food Preservatives
- Antioxidants Natural Food Preservatives
- Natural Food Preservatives for Other Functions
- Natural Food Preservatives for Sea Food
- Natural Food Preservatives for Meat & Poultry
- Natural Food Preservatives for Bakery Products
- Natural Food Preservatives for Dairy Products
- Natural Food Preservatives for Snacks
- Natural Food Preservatives for Beverages
- Natural Food Preservatives for Fruits & Vegetables
- Natural Food Preservatives for Other Applications