Natural Food Preservatives Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Natural Food Preservatives Market is segmented By Product Type (Salt, Sugar, Oil, Honey, Citric Acid, Vinegar, Others), By Function (Antimicrobial, Antioxidants, Others), By Application (Sea Food, Meat & Poultry, Bakery Products, Dairy Products, Snacks, Beverages, Fruits & Vegetables, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Natural Food Preservatives Market Size

The global natural food preservatives market reached USD 1,133 million in 2022 and is projected to witness lucrative growth by reaching up to USD 1,766 million by 2030. The market is expected to exhibit a CAGR of 5.7% during the forecast period (2024-2031). Natural food preservatives are employed to stop food from spoiling while in transit. Traditional natural preservation techniques include freezing, boiling, smoking, pasteurizing, and pickling.

Salt and sugar are the earliest natural methods of food preservation that effectively slow down bacterial development in food. The usage of natural food preservatives has increased recently due to the increase in demand for ready-to-eat food products.

The natural food preservatives market is being driven by shifting customer tastes in food and beverages. Demand for foods with longer shelf lives has increased as a result of rising convenience product demand, driving up the need for food preservatives, which in turn, is increasing the natural food preservatives market growth.

Natural Food Preservatives Market Scope

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Natural Food Preservatives Market Dynamics and Trends

Increasing Consumer Demand From The Food And Beverages Sector Is Driving The Market Growth.

The demand for processed, ready-to-cook, and ready-to-eat food has increased as a result of shifting consumption habits and busier lifestyles, which has further fueled the natural food preservatives market growth. Owing to the major changes in consumer meal consumption habits, the demand for dinnertime solutions among today's customers is quickly growing. Since they lack the time or cooking abilities to prepare food at home, many consumers are willing to spend money in the ready-to-eat market. 

Some convenience foods can be eaten right away, while others require heating, thawing, or the addition of some water. The demand for convenience meals for on-the-go consumption is rising as a result of expanding urbanization, improving consumer lifestyles, and high disposable income. 

Market Expansion Is Hampered By High Prices Of Natural Food Preservatives.

Although choosing natural food preservatives is advantageous for consumer health, costs will continue to be a significant obstacle for producers who hold a larger market share. The greater expense of natural food preservatives compared to their synthetic counterparts, which results from the high costs of processing and producing natural preservatives, has halted the growth of the market for natural food preservatives. 

Due to cost considerations, many newcomers to the natural food preservatives market and emerging market participants in the food and beverage sector continue to limit their production to the use of synthetic and chemical-based food preservatives. 

Natural Food Preservatives Market Segment Analysis

The global natural food preservatives market is segmented based on product type, function, application, and region.

Rising Demand For Meat And Poultry Products Is Expected To Drive The Application Segment Growth.

The global natural food preservatives market has been segmented by application into sea food, meat and poultry, bakery products, dairy products, snacks, beverages, fruits and vegetables, others. The meat and poultry segment held the largest natural food preservatives market share of 38.4% in 2022 in the natural food preservatives market analysis report. 

According to World Animal Foundation, there were only 21% vegetarians in 2021. Considering the fact that a sizeable portion of the world's population is not vegetarian, the growth can be linked to enormous consumption. People's disposable income or purchasing power is increasing as globalization is dominating and trade between nations is booming. As a result, consumers' purchasing habits are changing, and more people are able to afford such expenditures. On the other hand, because meat has a short shelf life, preservatives must be used.

Source: DataM Intelligence Analysis (2023)

Natural Food Preservatives Market Geographical Share

The Growing Demand For Natural Food Preservatives In North American Region.

The North America natural food preservatives market held the largest market share of 42.5% in 2022 in the natural food preservatives market analysis. The North American natural food preservatives market will continue to grow in the next years, owing to customers' growing concern about their health. 

North America has highly regulated policies with respect to the commercialization of food products and ingredients. Such regulations have offered lucrative growth opportunities for manufacturers to introduce novel preservatives with minimum or no side-effects on human health.

The United States topped the list of nations consuming beef in 2020, as per the USDA reports. According to the same source, of the 130 billion pounds of beef consumed worldwide, 21% were consumed in the United States. Additionally, there is a substantial demand for quick meals because to the robust economies of North American nations like Canada and the U.S, which is fostering the demand for natural preservatives in the region.

Source: DataM Intelligence Analysis (2023)

Natural Food Preservatives Market Companies

The major global players in the market include Koninklijke DSM N.V, Cargill, Inc., Kemin Industries, Inc., Archer Daniels Midland Company, Tate & Lyle PLC., BASF SE, Corbion NV, Galactic SA, Biosecur Lab (Foodguard), and ITA 3 S.r.l.

COVID-19 Impact on Natural Food Preservatives Market

Global Recession/Ukraine-Russia War/COVID-19, and Artificial Intelligence Impact Analysis:

Covid-19 Impact:

As a consequence of travel limitations brought on by the COVID-19 epidemic, retail and long-shelf products saw increased sales in the global market. As a result, the vast majority of people in the world are busy hoarding food items for their families. Due to the increase in demand for processed foods, this eventually had a favorable effect on the industrial need for food preservatives. Additionally, there has been an increase in the demand for ready-to-eat (RTE) meals, creating new business opportunities for businesses that produce food preservatives. 

Key Developments

• In August 2021, the debut of p-Coumaric Acid (PCA), a natural preservative, was announced by Conagen, a biotechnology company with U.S. headquarters. Conagen's PCA, which is produced through fermentation, broadens the selection of all-natural preservatives provided by its commercialization partner, Blue California.
• In November 2022, in response to the rising demand for natural preservatives, Prinova Europe introduced an effective new plant-based antibacterial named PlantGuard AM that prevents the growth of yeasts, molds, and bacteria. The company's line of botanically derived preservatives, which includes PlantGuard AM, allows producers to apply natural clean-label solutions to reduce food waste. 
• In June 2021, Kerry Group, a leading global taste and nutrition firm, agreed to pay D 1.01 billion (€853 million) to purchase Hare Topco, doing business as Niacet. Niacet provides low-sodium preservation methods for both traditional and clean-label animal and plant-based food products.

Why Purchase the Report?

• To visualize the global natural food preservatives market segmentation based on product type, function, application, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities in the market by analyzing trends and co-development. 
• Excel data sheet with numerous data points of natural food preservatives market-level with all segments.
• The PDF report consists of cogently put-together market analysis after exhaustive qualitative interviews and in-depth market study.
• Product mapping is available as Excel consists of key products of all the major market players.

The global natural food preservatives market report would provide approximately 93 tables, 109 figures and 190 Pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies