Market Size of United States Food Preservatives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.52 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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US Food Preservatives Market Analysis
The United States food preservatives market is projected to grow at a CAGR of 3.52% during the forecast period (2020 - 2025).
- The market studied is witnessing a significant revenue growth over the forecast period, owing to the rising demand for convenient food coupled with the popularity of clean label food products among consumers.
- However, the beverage industry majorly contributes to the upsurge of the global food preservatives market. To escalate the product portfolio and fulfill the demand for a natural products, beverage manufacturers are incorporating natural preservatives, which is an important milestone for the beverage industry. For instance, LANXESS, a specialty chemicals company launched Nagardo natural preservative derived from 'natural guardian'. The preservative was approved by the Food and Drug Administration (FDA) for use in beverages.
