Food preservation is a widely known art to human beings, since times immemorial. Right from pickling, salting, to jam making and fermenting, food preservation has effectively ensured the sustainable supply of processed food products. The globalization of food trade has necessitated the all-round availability of seasonal and perishable food products, thereby making the role of food preservatives all the more crucial. The market has witnessed a paradigm shift in the recent years, with an increasing number of consumers demanding more natural, wholesome, minimally-processed, and clean-label food products. The aforementioned trend has prompted food manufacturers to opt for natural preservatives, for a sustainable growth of the preservative market. Additionally, companies have also embraced ‘no-preservatives’ concept, by incorporating novel food processing methods, such as ohmic heating, aseptic processing, and high-pressure processing, to name a few. Although such novel techniques eliminate the use of food preservatives, it is very unlikely that the complete removal of preservative will be feasible and sustainable. Moreover, such novel food processing technologies do not ensure economic feasibility, for a large chunk of food processors. The global food preservative market is expected reach USD 3,001.4 million by 2023, recording an estimated CAGR of 2.7% during the forecast period of 2018-2023.
Latest Developments
The blending approach is slowly emerging as a popular concept in the food preservative market. Food manufacturers are utilizing a combination of natural and synthetic preservatives. For instance, in deli and cured meats, the most commonly used ingredients that act as preservatives include - salt, sugar, sodium nitrate, sodium erythorbate, sodium acetate, sodium phosphate, potassium lactate, spices, honey, sodium ascorbate, and vinegar.
Market Insights
A growing number of consumers are becoming aware of artificial preservatives, and are avoiding age-old additives, such as BHA and BHT, sorbates, benzoates, and other preservatives. The expanding ageing population and the preferences of calorie-conscious consumers looking for healthy alternatives in the form of ‘natural’ additives, are driving innovations. Research and development is being undertaken with new formulations coming up in categories, such as preservatives, flavor enhancers, natural color additives, and protein-based fat replacers.
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The global market for food preservatives has been segmented based on product type, application, and geography. The leading application areas wherein food preservatives are being increasingly utilized include - beverages; meat, poultry, and sea food products; and dairy and frozen products. The primary usage of preservatives in the beverage industry is to avoid the change in taste, color of drinks, and bitter aftertaste. Based on the type of preservative, natural preservatives are undoubtedly the leading category. The growing trend of having a healthy lifestyle has led to an increase in the demand for foods that contain natural ingredients, such as natural preservatives, by consumers across the globe.
The global food preservatives market is concentrated among a few international players, such as Cargill, Danisco, Celanese Corp., Brenntag Inc., Kerry Group, and Royal DSM, and Bren. The major global players have wide geographical reach and their products have various applications.
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