The global Natural Food And Beverage Preservatives market size is expected to reach USD 880.4 million in 2032. As per FMI Analysts, the global natural food and beverage preservatives market is estimated to be valued at USD 435.2 million in 2022 and is projected to increase at a CAGR of 7.3% in the forecast period from 2022 to 2032.
Report Attribute | Details |
---|---|
Natural Food and Beverage Preservatives Market Estimated Base Year Value (2021) | USD 405.59 Million |
Natural Food and Beverage Preservatives Market Expected Market Value (2022) | USD 435.2 Million |
Natural Food and Beverage Preservatives Market Anticipated Forecast Value (2032) | USD 880.4 Million |
Natural Food and Beverage Preservatives Market Projected Growth Rate (2022 to 2032) | 7.3% CAGR |
Natural preservatives market growth is driven by the popularity of packaged food and beverages in the market. Consumers are becoming more dependent on packaged food products due to their busy lifestyles.
Eating ready-made food is becoming more popular. Therefore, food manufacturers are using natural preservatives in order to preserve food and extend its shelf life, in order to fulfill customer demand for natural preservatives.
To meet the anticipated demand for high-growth human milk oligosaccharides, Chr Hansen Holding A/S plans to invest more than EUR 200 million in production assets, including a brownfield factory.
Fast-paced lifestyles and increasing urbanization have had a significant impact on how people consume food, which has significantly raised the demand for ready-to-eat (RTE) food products. Due to its broad use in the creation of food products, the need for natural food preservatives has been steadily expanding alongside the demand for processed and packaged foods.
The need for natural food preservatives is anticipated to rise in the natural food and beverage preservatives market. In the food and beverage industry, there are growing health concerns about problems caused by the use of chemical-based food preservatives, which promotes the natural food and beverage preservatives market share.
The expansion of the global market for natural food preservatives has been constrained by the higher cost of natural food preservatives compared to synthetic food preservatives. Due to the high expense of generating natural food preservatives, small makers of food preservatives are forced to develop natural preservatives.
Natural food preservative companies have relied on product launches as their key strategy to expand their market share. They have also focused on partnership and acquisition in an effort to gain significant market share in the natural preservatives market.
Leading companies are developing cutting-edge marketing strategies, as well as carrying out technical advancements in medical diagnostics.
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The natural food and beverage preservatives market has received a lot of traction in the industry. In response to the burgeoning market for packaged food and beverages, the global natural preservatives market is primarily driven by the ever-increasing demand for ready-made food products.
Consumers are turning more and more to ready-made food products due to their busy lifestyles. Demand for foods with longer shelf lives has increased as a result of rising convenience product needs, driving up demand for natural food preservatives.
The usage of natural food preservatives has increased recently due to the rising demand for ready-to-eat food products. As they frequently don't contain preservatives, the rising demand for organic food items is limiting market growth for natural food preservatives.
There are many different methods and additives used to preserve food. These processes also include nuclear radiation for keeping natural foods and beverages preserved. Chemical preservatives are commonly used to prevent spoilage since they suppress the growth of microbes and bacteria.
The global natural food and beverage preservatives market is segmented into seven regions, including North America, Latin America, Eastern Europe, Western Europe, Middle East and Africa (MEA), Asia Pacific excluding Japan (APEJ), and Japan.
Due to rapid urbanization and high consumer disposable income, China is experiencing a surge in the demand for packaged food products, such as frozen foods and sweets. The industry is also growing as organic food demand increases, necessitating the use of various types of food preservatives.
Due to the rapid adoption of convenience and packaged foods in Asia-Pacific and the Middle East & Africa, the natural food preservatives market forecasts an increase in demand for natural preservatives equipment.
Taking up 37.5% of the market share, North America is projected to account for over one-third of the overall market in 2021. The United States dominates the natural food and beverage preservatives market, with a growth rate of 6%.
The primary factors anticipated to propel the growth of the natural food preservatives market in this region are the rise in consumption of ready-to-eat food products and the rise in consumption of healthy food, particularly with clean-label ingredients.
Approximately 28.5% of the natural food and beverage preservatives market share belongs to Europe. There has been a significant advancement in the technology for natural preservatives as a result of the number of illnesses caused by synthetic substances in food.
Prominent companies such as TRinternational, Inc., Chemical Stores Inc., and Bentoli Inc., among others, have made significant contributions to the science of natural preservatives.
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Some of the leading companies operating in the global membrane filter cartridge market include Koninklijke DSM N.V. Akzo Nobel N.V., Cargill, Incorporated, DuPont, etc.
Hansen Holding A/S acquired JenneweinBiotechnologie GmbH in September 2021 to enter the high-growth human milk oligosaccharides market. Prior to 2025, the business plans to invest more than EUR 200 million in production assets, including a brownfield factory, to increase output and meet anticipated demand.
A major player, IFF, completed the merger with DuPont's nutrition and bioscience division in February 2021. IFF will continue to be the name of the new company.
Some of the leading companies operating in the global natural food and beverage preservatives market include Koninklijke DSM N.V. Akzo Nobel N.V., Cargill, Incorporated, DuPont, etc.
A number of key strategic initiatives have been adopted by the leading players in the natural food preservatives industry to gain significant market share globally, including product launches and partnership acquisitions.
Leading companies are embracing cutting-edge marketing strategies, technical advancements in medical diagnostics, and mergers and acquisitions.
Report Attribute | Details |
---|---|
Growth Rate | CAGR of 7.3% from 2022 to 2032 |
Base Year for Estimation | 2021 |
Historical Data | 2015 to 2021 |
Forecast Period | 2022 to 2032 |
Quantitative Units | Revenue in USD Million, CAGR from 2022 to 2032 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered | Product Type, Function, Application Type, Form, Region |
Regions Covered | North America; Latin America; Western Europe; Middle East and Africa |
Key Countries Profiled | United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Russia, Poland, Australia, New Zealand, China, India, Japan, GCC Countries, South Africa, North Africa |
Key Companies Profiled | Koninklijke DSM N.V.; Akzo Nobel N.V.; Cargill; Incorporated; DuPont |
Customization | Available Upon Request |
The global natural food and beverage preservatives market is projected to exceed USD 880.4 Million by 2032.
The USA is projected to lead the natural food and beverage preservatives market in the forecast period.
The natural food and beverage preservatives market is likely to secure a CAGR of 7.3% through 2032.
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