Increased demand for convenience items and a growing emphasis on organic foods has resulted in a growing preference for foods with longer shelf life, resulting in an increase in demand for natural food preservatives across the board.
According to a new projection from Fact.MR, a market research and competitive intelligence firm, natural food preservatives revenues would nearly double by 2031, reaching approximately US$ 800 million, with a 10-year compound annual growth rate (CAGR) of more than 7%.
Consumers’ eating habits have changed as a result of their fast-paced lifestyles and easy access to fast food. They increasingly choose to consume ready-to-eat and packaged food products. To stay fresh for a long period without spoiling, processed food and beverage goods require proper preservation using viable procedures and safe components.
Key Segments Covered
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Type
- 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
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Function
- Antimicrobial Natural Food Preservatives
- Antioxidants Natural Food Preservatives
- Natural Food Preservatives for Other Functions
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Application
- 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
Competitive Environment
Leading companies are embracing cutting-edge marketing strategies, technical advancements in cancer detection, and mergers and acquisitions.
IFF, a major player, finalised its merger with DuPont’s nutrition and biosciences division in February 2021. IFF will continue to be the name of the amalgamated company.
Chr. Hansen Holding A/S purchased Jennewein Biotechnologie GmbH in September 2021 to join the market for high-growth human milk oligosaccharides. Until 2025, the business expects to invest more than EUR 200 million in production assets, including a brownfield factory, to increase HMO capacity and meet predicted demand.
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