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.
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:
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:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Preservatives Market, By Type
7.1. Preservatives Market, by Type, 2021-2030
7.1.1. Natural
7.1.1.1. Market Revenue and Forecast (2019-2030)
7.1.2. Synthetic
7.1.2.1. Market Revenue and Forecast (2019-2030)
7.1.3. Benzoates
7.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 8. Global Preservatives Market, By Function
8.1. Preservatives Market, by Function, 2021-2030
8.1.1. Antimicrobial
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Antioxidant
8.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Preservatives Market, By Application
9.1. Preservatives Market, by Application, 2021-2030
9.1.1. Food
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Feed
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. Pharmaceutical
9.1.3.1. Market Revenue and Forecast (2019-2030)
9.1.4. Cosmetics
9.1.4.1. Market Revenue and Forecast (2019-2030)
9.1.5. Detergents
9.1.5.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Preservatives Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Type (2019-2030)
10.1.2. Market Revenue and Forecast, by Function (2019-2030)
10.1.3. Market Revenue and Forecast, by Application (2019-2030)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Type (2019-2030)
10.1.4.2. Market Revenue and Forecast, by Function (2019-2030)
10.1.4.3. Market Revenue and Forecast, by Application (2019-2030)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Type (2019-2030)
10.1.5.2. Market Revenue and Forecast, by Function (2019-2030)
10.1.5.3. Market Revenue and Forecast, by Application (2019-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Type (2019-2030)
10.2.2. Market Revenue and Forecast, by Function (2019-2030)
10.2.3. Market Revenue and Forecast, by Application (2019-2030)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Type (2019-2030)
10.2.4.2. Market Revenue and Forecast, by Function (2019-2030)
10.2.4.3. Market Revenue and Forecast, by Application (2019-2030)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Type (2019-2030)
10.2.5.2. Market Revenue and Forecast, by Function (2019-2030)
10.2.5.3. Market Revenue and Forecast, by Application (2019-2030)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Type (2019-2030)
10.2.6.2. Market Revenue and Forecast, by Function (2019-2030)
10.2.6.3. Market Revenue and Forecast, by Application (2019-2030)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Type (2019-2030)
10.2.7.2. Market Revenue and Forecast, by Function (2019-2030)
10.2.7.3. Market Revenue and Forecast, by Application (2019-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Type (2019-2030)
10.3.2. Market Revenue and Forecast, by Function (2019-2030)
10.3.3. Market Revenue and Forecast, by Application (2019-2030)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Type (2019-2030)
10.3.4.2. Market Revenue and Forecast, by Function (2019-2030)
10.3.4.3. Market Revenue and Forecast, by Application (2019-2030)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Type (2019-2030)
10.3.5.2. Market Revenue and Forecast, by Function (2019-2030)
10.3.5.3. Market Revenue and Forecast, by Application (2019-2030)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Type (2019-2030)
10.3.6.2. Market Revenue and Forecast, by Function (2019-2030)
10.3.6.3. Market Revenue and Forecast, by Application (2019-2030)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Type (2019-2030)
10.3.7.2. Market Revenue and Forecast, by Function (2019-2030)
10.3.7.3. Market Revenue and Forecast, by Application (2019-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Type (2019-2030)
10.4.2. Market Revenue and Forecast, by Function (2019-2030)
10.4.3. Market Revenue and Forecast, by Application (2019-2030)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Type (2019-2030)
10.4.4.2. Market Revenue and Forecast, by Function (2019-2030)
10.4.4.3. Market Revenue and Forecast, by Application (2019-2030)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Type (2019-2030)
10.4.5.2. Market Revenue and Forecast, by Function (2019-2030)
10.4.5.3. Market Revenue and Forecast, by Application (2019-2030)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Type (2019-2030)
10.4.6.2. Market Revenue and Forecast, by Function (2019-2030)
10.4.6.3. Market Revenue and Forecast, by Application (2019-2030)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Type (2019-2030)
10.4.7.2. Market Revenue and Forecast, by Function (2019-2030)
10.4.7.3. Market Revenue and Forecast, by Application (2019-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Type (2019-2030)
10.5.2. Market Revenue and Forecast, by Function (2019-2030)
10.5.3. Market Revenue and Forecast, by Application (2019-2030)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Type (2019-2030)
10.5.4.2. Market Revenue and Forecast, by Function (2019-2030)
10.5.4.3. Market Revenue and Forecast, by Application (2019-2030)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Type (2019-2030)
10.5.5.2. Market Revenue and Forecast, by Function (2019-2030)
10.5.5.3. Market Revenue and Forecast, by Application (2019-2030)
Chapter 11. Company Profiles
11.1. Zhejiang Bossen Technology Co., Ltd.
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. APAC Chemical Corp.
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Nantong Acetic Acid Chemical Co., Ltd.
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Jinneng Science and Technology Company Ltd.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Guangzhou ZIO Chemical Co., Ltd.
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Nanjing Jiayi Sunway Chemical Co., Ltd.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. CFS Wanglong Flavors Co., Ltd
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Tianjin Haitong Chemical Industrial Co., Ltd.
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Wanglong Tech Co., Ltd
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Celanese Corp.
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
Glossary of Terms