The natural food preservatives market is expected to be valued at US$ 435.2 Million in 2022 and is projected to reach US$ 856.1 Million by 2032, growing at a CAGR of 7% from 2022 to 2032.
Increased demand for convenience items, as well as an emphasis on organic food products, have resulted in a growing preference for foods that last longer. As a result, natural food preservatives are in higher demand than ever before. Natural food preservative sales are expected to rise from 484.2 million US$ at the end of 2018 to 796.5 million US$ by 2028. One of the primary factors driving revenue growth in the global company is the fast-expanding consumption of packaged and processed goods.
People’s eating habits have changed as a result of urbanisation and fast-paced lifestyles, which make packaged and ready-to-eat foods more available. To enhance shelf life and prevent disintegration, processed food and beverage commodities must be stored using proper techniques and safe additives. As a result, demand for natural food preservatives is growing.
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Because of the detrimental impacts of chemical compounds used in the preparation and processing of food and beverage commodities, the food and beverage industry is shifting towards the use of natural food ingredients. Because of the detrimental health impacts of chemical additives, food and beverage firms are shifting away from synthetic preservatives and towards safer, natural alternatives. Governments around the world have enacted strict rules against the use of synthetic food additives, which has resulted in a ban on synthetic food preservatives in the food and beverage industry. This is another significant element driving the global growth of the natural food preservatives market.
Natural Food Preservatives Market Not Devoid of Challenges; Manufacturers Struggle to Contain Costs and Battle Latest and More Advanced Food Preservation Technologies
Although using natural food preservatives is beneficial for the general public’s health, the cost can be a major obstacle to the market’s long-term growth. Natural food preservatives are more expensive than synthetic alternatives since they require greater processing and production expenditures. Many mid-sized and small F&B industry companies limit their production to the use of synthetic and chemical-based preservatives due to cost reasons. The necessity for producers of packaged and processed foods to keep manufacturing costs in check is a significant revenue growth restraint in the global market for natural food preservatives.
Raw material pricing is another revenue puller. Natural food preservatives obtained from vegetables, fruits, and certain types of plants are priced according to the availability and production of raw material. Fluctuating prices of raw material impact operational efficiencies in the natural food preservatives market. Impact of unfavourable weather conditions on the availability of raw material further leads to inconsistent output, as most of the natural food preservatives are sourced from plants.
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Key Segments
Global Natural Food Preservatives Market – By Source
- Plant
- Animal
- Microbial
- Mineral
Global Natural Food Preservatives Market – By Product Type
- Microbial Derived
- Nisin
- Natamycin
- Rosemary Extract
- Botanical Extracts
- Natural Acids
- Salts
Global Natural Food Preservatives Market – By Form
- Powder/Granules
- Liquid
Global Natural Food Preservatives Market – By End Use
- Bakery
- Confectionery
- Dairy Products
- Yogurt & Sour Cream
- Cheese & Butter
- Soups
- Beverages
- Dairy-based
- Plant-based
- Juices
- Snacks
- Jams & Spreads
- Meat, Fish, & Poultry Products
- Sauces & Dressings
Global Natural Food Preservatives Market – By Region
- North America
- Western Europe
- Eastern Europe
- Latin America
- Asia Pacific excluding Japan
- Japan
- Middle East & Africa
Another challenge being witnessed in the global market for natural food preservatives is the emergence of newer and more advanced food preservation technologies that might render traditional preservation techniques obsolete in the near future. Techniques such as High-pressure Processing (HPP) – a cold pasteurisation technique that increases shelf life of food products and Pulsed Electric Fields (PEF) – a non-thermal technique that protects food from microbial spoilage through electric pulses are fast gaining traction in the natural food preservatives market. Older methods of preserving food using natural plant-derived preservatives is slowly losing significance, and this is expected to restrain revenue growth of the natural food preservatives market to a certain extent.
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Key Questions Answered in the Report
- How much is the natural food preservatives market current worth?
Currently natural food preservatives market is worth more than USD 406.7 Mn.
- At what CAGR is the market expected to grow?
Natural food preservatives consumption is expected to grow at a CAGR of around 7% during the period 2022-2032.
- How was the performance in the last five years?
In terms of revenue, natural food preservatives grew at a CAGR of around 6.1% during 2017-2021
- What is boosting natural food preservatives sales?
The primary factor driving the growth of the natural food preservatives market is the rising demand for convenience items and an increasing focus on organic foods among people.
- How are market players reacting to the new developments in the market?
Market players are opting for technological advancement, new product developments and production capacity expansion.
- How much share does the top 5 companies hold?
The top 5 producers of natural food preservatives hold around 10-12% of the market share.
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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