Food preservation is widely known art to human beings since time immemorial. Right from pickling, salting to jam making and fermentation, the food preservation has effectively ensured the sustainable supply of processed food products. The globalization of food trade has necessitated the all-around 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 increasing number of consumers demanding more natural, wholesome, minimally-processed, and clean-label food products. The aforementioned trend has prompted the food manufacturers to opt for natural preservatives for a sustainable growth of preservative markets. Additionally, companies have also embraced “no-preservatives” concept by incorporating novel food processing methods like ohmic heating, aseptic processing, high-pressure processing to name but 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, especially for the large chunk of food processors. The Global Food Preservative Market is expected reach USD 3001.4 million by 2023, at an estimated CAGR of 2.7% during the forecast period (2018-2023).
The blending-approach is slowly emerging as a popular concept in the food preservatives market. Food manufacturers are utilizing a combination of natural and synthetic preservative. For instance: Deli and Cured Meats: most commonly used ingredients which act as preservative include salt, sugar, sodium nitrate, sodium erythorbate, sodium acetate, sodium phosphate, potassium lactate, spices, honey, sodium ascorbate, vinegar.
A growing number of consumers are increasingly becoming aware of artificial preservatives, and are avoiding age-old additives like BHA & BHT, sorbates, benzoates and other preservatives. The rising aging population and the calorie- conscious consumer is looking for healthy alternatives in the form of ‘natural’ additives, thus driving innovations. Research and development are being overtaken with new formulations coming up in categories like preservatives, flavor enhancers, natural color additives and protein-based fat replacers.
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The global market for food preservatives is segmented based on product type, application, and geography. Beverages, meat poultry & seafood products, and dairy & frozen products are the leading application areas wherein the food preservatives are increasingly utilized. The primary usage of preservatives in the beverage industry is to avoid the change in taste, the color of the drinks and bitter aftertaste. Based on the type of preservatives, natural preservatives are undoubtedly the leading category. The growing trend of having a healthy lifestyle has led to an increase in demand for foods that contain natural ingredients such natural preservatives by consumers globally.
The global food preservatives market is concentrated among few international players such as Cargill, Danisco, Celanese Corp, Brenntag Inc., Kerry Group, and Royal DSM and Bren. The major global players have a wide geographical reach and the products have various applications.