The post Demand for Food Preservatives is Anticipated to Reach US$ 5 Billion by 2033 appeared first on Newstrail.com authored by Fact.MR

Worldwide consumption of food preservatives is forecasted to increase at a CAGR of 4.6% from 2023 to 2033. In 2023, the global food preservatives market stands at US$ 3.2 billion and is estimated to reach a market size of US$ 5 billion by 2033.

Sales of natural food preservatives are projected to rise significantly through 2033. Natural food preservatives are highly preferred by manufacturers owing to various factors, such as they help in avoiding spoilage during transportation.

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Competitive Landscape

Key players in the market have concentrated on product developments, expansions, and partnerships to increase their market competitiveness. Top suppliers of food preservatives are focused on developing new products and partnering with local companies to increase their global presence and make it possible to provide new products to changing consumer preferences.

For instance,

• In 2022, to replace nitrite in processed meat, Givaudan unveiled NaNino+. This blend of chemicals derived from plants and natural flavorings is still under patent protection. Its creation, which incorporated natural ingredients, provides a gratifying, all-encompassing gourmet experience with great taste, color, and freshness.

Key Companies Profiled:

• BASF SE
• Cargill Inc.
• Celanese Technology
• Corbion N.V.
• Kerry Group Plc.
• Chr. Hansen Holding A/S
• DuPont de Nemours Inc.
• JEYS F.I Inc.
• Koninklijke DSM N.V
• The Archer Daniels Midland Company

Key Segments of Food Preservatives Industry Research

• By Product :
  • Natural
  • Synthetic
  • Others
• By Function :
  • Antimicrobial
  • Antioxidants
  • Others
• By Application :
  • Bakery and Processed Food Products
  • Beverages
  • Dairy and Milk Products
  • Meat, Poultry, and Seafood Products
  • Others

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Key Questions Covered in the Food Preservatives Market Report:

• What is the projected value of the Food Preservatives factors Industry in 2022?
• At what rate will the global Food Preservatives factors market size grow until 2032?
• Which are the factors hampering the growth of Food Preservatives factors?
• Which region is expected to lead in the global Food Preservatives factors market by 2032?
• Which are the factors driving the Food Preservatives factors Industry during the forecast period?
• What is the expected market value of the Food Preservatives factors market during the forecast period?

Regional Analysis for Food Preservatives Market:

• APAC (Japan, China, South Korea, Australia, India, and the rest of APAC; the rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (USA, Canada and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, United Arab Emirates, South Africa)

What makes Fact.MR report stand out from others?

• Fact.MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Food Preservatives industry. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the industry stakeholders.
• Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Food Preservatives industry, thus, making it different and special from other reports.
• Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of industry get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
• Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Food Preservatives industry and assists to create strategies to overcome the obstacles that may hinder the growth of the Food Preservatives industry.
• Leverage: The Food Preservatives industry can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
• Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
• Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Food Preservatives industry.