Preservatives Market (By Type: Natural, Synthetic, Benzoates; By Function: Antimicrobial, Antioxidant; By Application: Food, Feed, Pharmaceutical, Cosmetics, Detergents) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2022 – 2030

Published Date : Jan 2022 | No. of Pages : 150+ Pages | Category : Food and Beverages

The global preservatives market size was valued at USD 5.50 billion in 2020, and is predicted to be worth around USD 10.2 billion by 2030, registering a CAGR of 5.5% during the forecast period 2022 to 2030.

Preservatives Market Size 2022 to 2030

Growth Factors

The increased product demand has positively contributed to the market growth. The synthetic type of food preservatives dominated the global market owing to their cost competitiveness. However, natural preservatives are replacing synthetic ones in developed economies owing to the high customer awareness regarding the adverse effects of chemicals, thus positively impacting the market growth. Food manufacturers utilize antioxidants for the neutralization of free radicals and to balance the adverse effects of additives in processed foods.

Increasing demand for long-lasting food products coupled with concerns about quality and safety in pharmaceutical and cosmetic products have contributed to the demand for preservatives. Rapid urbanization and an increasing number of working individualsacross the globe are driving the demand for convenience foods. This demand has triggered the food processing companies to add preservatives to their products to extend the shelf life without compromising on the quality, thereby augmenting the market growth.

Report Coverage

Report Scope Details
Market Size US$ 10.2 billion by 2030
Growth Rate CAGR of 5.5% From 2022 to 2030
Largest Market North America
Base Year 2021
Forecast Period 2022 to 2030
Segments Covered Type, Function, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Zhejiang Bossen Technology Co., Ltd.; APAC Chemical Corp; Nantong Acetic Acid Chemical Co., Ltd.; Jinneng Science and Technology Company Ltd.; Guangzhou ZIO Chemical Co., Ltd.; Nanjing Jiayi Sunway Chemical Co., Ltd.; CFS Wanglong Flavors Co., Ltd.; Tianjin Haitong Chemical Industrial Co., Ltd.; Wanglong Tech Co., Ltd.; Celanese Corp.; FBC Industries; Veckridge Chemical; Shandong Hongda Group; REIPU (QINGDAO) International Trade Co., Ltd.; Jiangsu Mupro IFT Corp.

By Type Analysis

The synthetic type segment dominated the market in 2020 with a revenue share of 84.0%. The effectiveness of synthetic preservatives in inhibiting the growth of mold and yeast coupled with its cost-effectiveness is the primary factor contributing to the segment growth.

The Asia Pacific region is a major producer of spices, honey, vinegar, and other natural products. Thus, many companies are expanding and commissioning their production facilities in the region, which is driving the segment growth.

By Function Analysis

Antimicrobial function emerged as the dominant segment with a revenue share of more than 78% in 2020. As disease outbreak and adulteration cases are rising globally, foodborne diseases have become a major concern, which has increased concern about food safety.

This is due to oxidation being a problem that causes rancidity in foods and cosmetics when the oxygen reacts with the fat and pigment content. Green tea extracts, acerola, rosemary extract, and ascorbic acid possess antioxidant properties and are being widely used for oxidation prevention purposes, thereby contributing to segment growth. 

By Application Analysis

The food application segment accounted for the maximum revenue share of more than 48% in 2020. The growth of the processed meat industries in Asia Pacific and North America is largely responsible for the demand for food preservatives.

The use of feed preservatives has been prominent owing to their effectiveness to preserve feed quality during their transportation and storage. 

Preservatives amplify the shelf life of drugs and medicines by lowering or decreasing the oxidation level of active ingredients in them by reducing microbial production.

By Regional Analysis

North America accounted for the largest revenue share of more than 31.8% in 2020 owing to the high consumption of packaged food coupled with the demand for premium cosmetic products with natural additives.

The market in Asia Pacific is highly fragmented and dynamic owing to the presence of many players in emerging economies. The rapidly developing economies, including China and India, are major revenue contributors to the regional market owing to the increasing purchasing power of the middle-class population.

Key Players

  • Zhejiang Bossen Technology Co., Ltd.

  • APAC Chemical Corp.

  • Nantong Acetic Acid Chemical Co., Ltd.

  • Jinneng Science and Technology Company Ltd.

  • Guangzhou ZIO Chemical Co., Ltd.

  • Nanjing Jiayi Sunway Chemical Co., Ltd.

  • CFS Wanglong Flavors Co., Ltd.

  • Tianjin Haitong Chemical Industrial Co., Ltd.

  • Wanglong Tech Co., Ltd.

  • Celanese Corp.

  • FBC Industries

  • Veckridge Chemical

  • Shandong Hongda Group

  • REIPU (QINGDAO) International Trade Co., Ltd.

  • Jiangsu Mupro IFT Corp.

  • Daicel Corp.

Market Segmentation

  • By Type 

    • Natural

      • Edible Oil

      • Rosemary Extracts

      • Natamycin

      • Vinegar

      • Others

    • Synthetic

      • Propionates

      • Sorbates

        • Sorbic Acid

        • Potassium Sorbate

        • Sodium Sorbate

        • Calcium Sorbate

      • Benzoates

      • Others

  • By Function 

    • Antimicrobial

    • Antioxidant

    • Others

  • By Application 

    • Food

      • Meat & Poultry Products

      • Bakery Products

      • Dairy Products

      • Beverages

      • Snacks

      • Others

    • Feed

    • Pharmaceutical

    • Cosmetics

    • Detergents

  • Regional

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

      • France

      • Italy

      • Spain

    • Asia Pacific

      • China

      • Japan

      • India

      • Australia & New Zealand

    • Central & South America

      • Brazil

      • Argentina

    • Middle East & Africa

      • South Africa

The preservatives market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of preservatives market for the base year 2021 and the forecast between 2022 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global preservatives market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the preservatives market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted preservatives market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the preservatives capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of preservatives by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global preservatives market. These figures have been provided in terms of both revenue and volume for the period 2019 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major preservatives market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of preservatives market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the preservatives industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

preservatives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to preservatives market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of preservatives market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new preservatives market. These factors have benefited the growth of the global market for preservatives. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for preservatives. The global market is segmented on the basis of region, application, end-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of preservatives are as follows:

  • History Year: 2019-2020
  • Base Year: 2021
  • Forecast Year 2022  to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2019-2021) and forecast (2022-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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