PUBLISHER: Persistence Market Research | PRODUCT CODE: 1547091
PUBLISHER: Persistence Market Research | PRODUCT CODE: 1547091
Persistence Market Research (PMR) estimates that the global natural food preservatives market, valued at approximately US$0.9 billion in 2024, is set to grow to around US$1.2 billion by 2031, with a compound annual growth rate (CAGR) of 3.9% over the forecast period.
Key Market Highlights:
Market Dynamics and Trends:
The rising awareness about the potential health risks associated with synthetic preservatives is a major driver for the natural food preservatives market. Consumers increasingly prefer clean-label products and seek out natural alternatives perceived as safer and healthier. This shift is propelling the demand for natural food preservatives.
Asia Pacific leads the market, with a valuation of approximately US$315 million in 2022. The rapid expansion of the foodservice industry in the region is a key factor behind this growth. Foodservice operators are increasingly focusing on offering healthier and natural food alternatives, boosting the demand for natural food preservatives. Plant-based preservatives, in particular, are gaining traction due to their perceived health benefits.
North America is a significant market for natural food preservatives, driven by a strong emphasis on clean-label products and a well-established food processing industry. The growing health consciousness among consumers further supports the demand for natural preservatives.
Europe follows closely, with growth driven by stringent regulations on food additives, a rising organic food market, and a sophisticated consumer base. Europe's focus on food safety and quality aligns with the growing demand for natural preservatives.
Salt remains the leading natural food preservative, with revenue of approximately US$443.12 million in 2022. Its versatility, effectiveness, and antibacterial properties contribute to its widespread use in preserving various foods. The salt segment is expected to continue its dominance and experience significant growth due to its established role in food preservation.
Conclusion
The natural food preservatives market is poised for steady growth driven by consumer preferences for healthier and cleaner food options. As awareness of synthetic preservatives' risks increases and demand for natural alternatives rises, the market is expected to expand, with notable contributions from the foodservice industry in Asia and a strong clean-label drive in North America and Europe. Salt's continued dominance highlights its essential role in the natural food preservatives landscape.
Key Companies Profiled:
Natural Food Preservatives Market Segmentation
By Type
By Function
By Application
By Form
By Region