Market Size of North America Food Preservatives Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 2.60 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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North America Food Preservatives Market Analysis
North America Food Preservatives Market is projected to grow at a CAGR of 2.6% during the forecast period (2020-2025).
- Awareness related to several risks associated with chemical preservatives has driven the market for natural preservatives.
- North America has highly regulated policies with respect to the commercialization of food products and ingredients. Such regulations have offered lucrative growth opportunities for manufacturers to introduce novel preservatives with minimum or no side-effects on human health.
- Advanced technological growth in the field of food processing is driving the growth of the North American food and beverage preservative market.