An Increasing Consumer Preference for Clean Label Ingredients Will Drive Future Growth
The growing demand for food and beverage (F&B) products with extended shelf life and increasing preference for convenience F&B will drive the food preservative market. The bakery, meat, and meat products industries exhibit strong demand for preservatives due to their high susceptibility to contamination from microorganisms. Clean label trends across the globe will boost the market adoption of natural preservatives, supporting the overall growth of the preservatives market.
Asia-Pacific (APAC) dominated the global food preservative market by volume in 2022 thanks to a fast-growing processed F&B industry. However, Europe dominated the food preservative market by revenue due to its large domestic F&B industry, high F&B export volume, and the high prices of preservatives in the region. The publisher expects APAC to show the fastest growth during the forecast period thanks to the growing demand for convenience food in the growing economies of the region due to the increasing number of working women population and busy lifestyles.
Finally, this analysis also considers exogenous factors, such as the impact of the Russo-Ukrainian War and inflation. The application scope of the study is restricted to F&B. The study includes qualitative insights into selected novel and traditional natural food preservatives.
