Food Preservatives Market Size, Share & Trends Analysis Report By Label (Clean Label, Conventional), By Type (Natural, Synthetic), By Function (Anti-microbial, Anti-oxidant), By Application, And Segment Forecasts, 2024 - 2030

Research Methodology

A three-pronged approach was followed for deducing the food preservatives market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for food preservatives market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of food preservatives market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Food Preservatives Market Categorization:

The food preservatives market was categorized into five segments, namely label (Clean Label, Conventional), type (Natural, Synthetic), function (Anti-microbial, Anti-oxidant), application (Meat & Poultry Products, Bakery Products, Dairy Products, Beverages, Snacks), and region (North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa).

Segment Market Methodology:

The food preservatives market was segmented into label, type, function, application, region, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The food preservatives market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into sixteen countries, namely, the U.S., Canada, Mexico, Germany, the UK, France, Italy, Spain, China, India, Japan, Australia, Brazil, Argentina, South Africa, Saudi Arabia.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Food preservatives market companies & financials:

The food preservatives market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• Cargill, Incorporated - Cargill, Incorporated was incorporated in 1930 and has corporate headquarters in Minnesota, U.S. The company is a privately held global corporation engaged in the development, manufacturing, and distribution of agriculture, food, financial services, and industrial products. It has segregated its business into four segments, namely food ingredients & applications, origination & processing, animal nutrition & protein, and industrial & financial services. The company offers a broad range of products to cater to various industries including food & beverage, animal nutrition, bio-industrial, food service, meat & poultry, pharmaceutical, beauty, energy & industrial, and agriculture. The food ingredients & applications segment produces various categories of products such as bio-industrial, food & beverage, and industrial. The food & beverage category offers various food preservatives and food additives such as sweeteners, edible oils, salts, and other products. The company’s business is spread across North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America, with its network extending to approximately 70 countries.

• Kemin Industries, Inc. - Kemin Industries, Inc. was founded in 1961 and has its headquarters in Iowa, U.S. It is an ingredient manufacturer and operates through animal nutrition & health, food technologies, crop technologies, biofuels, personal care, human health & nutrition, and pet food business segments. The product portfolio of the company includes more than 500 specialty ingredients made for animals and humans in the global food & feed industries. Extraction, Plant Science, Encapsulation, Industrial Fermentation, Organometallic Synthesis, and Chemical Blending are the six main technologies for Kemin Industries, Inc. The Food technologies segment of the company provides various solutions for applications in confectionery, dairy, processed foods, snack foods, proteins, grains, sauces, flavors, and beverages. The company has manufacturing facilities in the U.S., Brazil, South Africa, Belgium, Italy, Singapore, India, and China to serve various customers spread across 120 countries. As of 2020, it had over 2,300 employees globally.

• Archer Daniels Midland Company (ADM) - Archer Daniels Midland Company (ADM) is based in Illinois, U.S., and was established in 1902. It is an agricultural processor and is engaged in the procurement, transportation, storage, and processing of agricultural commodities across 160 countries. Its primary business segments include agricultural services, oilseeds processing, and wild flavors & specialty ingredients. The wild flavors & specialty ingredients segment of the company is engaged in the manufacturing, marketing, and distribution of natural colors, emulsifiers, natural flavor ingredients, polyols, nutrition products, and other food ingredients. In addition, the company provides biofuels and other environment-friendly alternatives to traditional chemicals. It operates 280 ingredient-manufacturing facilities, 39 innovation centers, and 428 crop procurement locations. In 2020, the company employed approximately 38,000 personnel around the world.

• Tate & Lyle - Tate & Lyle was established in 1921 and is headquartered in London, UK. The company manufactures sugar-based food ingredients, as well as industrial chemicals, animal foods, and other ingredients. It is engaged in the supply of high-intensity sweeteners, corn wet milling, bulk ingredients consisting of acidulants and corn syrups, specialty food ingredients such as sweeteners (Splenda sucralose and crystalline fructose), wellness ingredients (dietary fibers), and texturants (starches and gum). The company’s product portfolio includes industrial alcohols, fibers, and high-fructose corn syrup. Its products cater to various industries including food & beverages, paper, and pharmaceuticals. The company has two operating segments, namely specialty food ingredients and bulk ingredients. Bulk ingredients segment generated the maximum revenue for 2016 and its products mainly serve food & beverage, paper, and construction industries. It operates in over 30 locations across North America, Europe, the Middle East, Africa, and Asia Pacific.

• DSM - DSM was established in 1902 and is headquartered in Heerlen, Netherlands. It is engaged in health, nutrition, and materials. The nutrition business division consists of animal nutrition & health, human nutrition & health, personal care, and aroma ingredients. DSM food specialties segment of the nutrition business division is active in supplying food enzymes, yeast, savory flavors, and other ingredients to the global food & beverage industry. In addition to the nutrition business, the other markets served by the company are the global materials markets, which are divided into DSM Dyneema, DSM Engineering Plastics, and DSM Resins & Functional Materials. The company offers its products to food, animal health & nutrition, beverages & dietary supplements, energy, building & construction, medical, manufacturing & equipment, marine, automotive, personal care, paints & coatings, sports, and textiles & clothing industries. Under the food, beverages, & dietary supplements category of the DSM food specialties segment, it produces various carotenoids, food preservation products, process flavors, vitamins, and enzymes.

• BASF SE - BASF SE is a German chemical company established in 1865 and headquartered in Ludwigshafen, Germany. The company’s five segments, namely chemicals, functional materials & solutions, performance products, agricultural solutions, and oil & gas are responsible for the operations of 13 business divisions encompassing petrochemicals, monomers, intermediates, catalysts, performance materials and chemicals, coatings, construction chemicals, dispersions & pigments, nutrition & health, oil & gas, crop protection, and care chemicals. The product portfolio of the care chemicals division includes intermediates, superabsorbent polymers, surfactants, chelating agents, and other chemicals, which are catered to various applications in the food & beverage industry. The company’s operations are spread across North America, Europe, Asia Pacific, the Middle East & Africa, and South America. The BASF Group encompasses subsidiaries and joint ventures in over 80 countries and has about 390 production sites across Europe, Asia, Australia, the Americas, and Africa.

• Celanese Corporation - Celanese Corporation was established in 1918 and is headquartered in New York, U.S. The company is engaged in manufacturing specialty materials and providing technology services. It has segregated its business into five segments, namely consumer specialties, acetyl intermediates, advanced engineered materials, industrial specialties, and others. The company offers a wide range of products for various application segments such as food & beverage, adhesives, agriculture, appliances, automotive, building & construction, coatings, consumer goods, electronics, pharmaceutical, and textiles. It has six business units comprising food ingredients, engineered materials, emulsion polymers, EVA polymers, intermediate chemistry, and cellulose derivatives. Nutrinova, the food ingredients business subsidiary of the company, manufactures sorbic acid, potassium sorbates, other sweeteners, and preservatives. It has a presence in various countries including the U.S., the Netherlands, Germany, China, India, and Japan.

• Corbion N.V. - Corbion N.V. is a biochemical and food ingredients manufacturer that was established in 1919 and is headquartered in Amsterdam, Netherlands. The company operates through four major business segments, namely biomedical, bioplastics, biochemical, and food sources. The food sources segment manufactures preservatives, gluten sources, emulsifiers, vitamins, minerals, lactic acid, and lactic acid derivatives. The Bioplastics segment manufactures PLA polymers, succinic acid, and lactide monomers. The bio-based chemical division manufactures a wide range of chemicals catering to various industries such as electronics, home, personal care, medical biomaterials, coatings, adhesives, plastics, pharma, agriculture, solvents, and animal health. The biomedical division manufactures monomers and polymers for drug delivery and medical devices.

• Galactic - Galactic was established in 1994 and has its headquarters in Hainaut, Belgium. It is a provider of natural solutions serving various markets including industrial, feed, food, and personal & health care. It develops lactic acid and its derivatives and provides solutions in the field of nutrition, green chemistry, and food safety. The company develops various solutions for applications in bakery, confectionery, meat, poultry & seafood, beverage, snacks & dried food, and sauces & dressings. It has production facilities in the U.S., China, and Belgium. The company has sales offices in Belgium, Italy, Germany, Brazil, and Japan. Compagnie du Bois Sauvage and Finasucre are two of the main shareholders of Galactica S.A.

• Kerry - Kerry operates as a global food producing company. It was founded in 1972 and is headquartered in Tralee, Ireland. It is a public company and is listed on the Dublin ISEQ and London Stock Exchanges. The company mainly operates through two product divisions, namely taste & nutrition and consumer foods. Taste & nutrition division offers taste and nutrition solutions to food, beverage, and pharmaceutical markets. The company provides chilled food products through consumer foods division. It generated over 82% of revenue in 2019 from taste & nutrition division, whereas the remaining 18% was generated from consumer foods division. The company sells products in over 150 countries and generates most of its revenue from North & South America. It has a robust presence in North & South America, the Middle East & Africa, and Asia Pacific. The company markets its consumer food products primarily in Europe under several brand names including Denny, Fridge Raiders, Richmond, Dairygold, Strings & Things, Naked Glory, Rollover, LowLow, Charleville, Glatee, Wall’s, and Mattessons.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Food Preservatives Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 to 2023, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Food Preservatives Market Report Assumptions:

• The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.