How big is the food preservatives market?

The global food preservatives market size was estimated at USD 2.77 billion in 2021 and is expected to reach USD 2.87 billion in 2022.

What is the food preservatives market growth?

The food preservatives market is expected to grow at a compound annual growth rate of 4.6% from 2022 to 2030 to reach USD 4.16 billion by 2030.

Which segment accounted for the largest food preservatives market share?

North America dominated the food preservatives market with a share of 32.9% in 2021. This is attributable to the increased availability of processed foods and greater acceptance of ready-to-eat foods from consumers in the U.S. and Canada are driving the demand for convenience foods.

Who are the key players in food preservatives market?

The food preservatives market includes major players such as Cargill Inc., ADM BASF SE, Celanese Corporation, Royal DSM N.V.; Galactic S.A.; and Kemin Industries, Inc.

What are the factors driving the food preservatives market?

Key factors that are driving the food preservatives market growth include the growing use of natural preservatives, which are witnessing higher demand owing to their acceptance in processing by relevant regulatory agencies coupled with rising health consciousness among customers.