The market for food preservatives is driven by the rising demand for packaged food among the expanding population and the region’s accelerating urbanization. Furthermore, natural food preservatives are conventional preservatives that utilize ancient methods or producers, such as those used in the production of jams, pickles, and juices, among other things. Additionally, salt is used to preserve the meat and fish from bacterial impacts.
Foodborne illnesses, which is typically contagious or toxic in nature, are caused by bacteria, viruses, parasites or chemical substances that enter the body through contaminated food. Numerous foodborne infections can result in permanent disability in or even death. For instance, a homemade ice cream producer in Baltimore, Maryland, recalled its Peanut Butter cup ice cream on June 6, 2022, due to possibility that is contained Salmonella, a bacteria that can cause serious and frequently fatal infections in young children, the elderly, and other people with weakened immune system. As a result, it is anticipated that the number of foodborne illnesses will rise. This is because it promotes a longer shelf life for food and increase self-life.
The Food Preservatives Market was valued at US$ 3.04 Billion in 2021, expected to exhibit a CAGR of 4.50% during the forecast period (2022 to 2030).
Leading companies in the Food Preservatives Industry:
1. BASF SE
Founded in 1856 is a chemical manufacturing company that include the sectors materials, industrial solution, surface technology, Nutrition and agricultural solutions. Operational in more than 90 countries
Headquarters in Ludwigshafen, DE.
2. Kerry Group Plc
Since 1972, we’ve helped shape and grow the global food industry with innovations to help consumer’s live better, feel better and eat better.
Manufacturing locations in 36 countries around the globe
Kerry, a world leader in taste and nutrition, has announced in December 2022 a new commercial agreement with Japan-based Kameda Seika to market and distribute the company’s rice-derived postbiotic exclusively in Americas and Europe across a range of applications.
3. Kemin Industries, Inc.
Kemin Industries is a family-owned-and-operated company founded in Des Moines, Iowa, U.S.A, R.W. and Mary started their new business in 1961.Operates in more than 90 countries. Kemin Industries in December 2022, launched BetaVia™ Pure WD and BetaVia™ Complete WD, two new water-dispersible versions of its immune support ingredient, that drastically improve suspension in applications such as drink mixes and sachets.
4. DuPont Nutrition & Biosciences
Nutrition & Biosciences has been bringing world-class science and engineering to the global marketplace in the form of innovative products, materials, and services since 1802. In August 2022 DuPont Nutrition & Biosciences announced the opening of its new Culinary Design Center, which provides specialized plant-based expertise to global cuisine creators, and allows for the co-creation of new product experiences to satiate rapidly growing consumer demand for novel plant-based foods.
5. Foodchem International Corporation
Foodchem is a Chinese leading company in sales, marketing and distribution of innovative and standard food additives and ingredients since 2006. And is operational in more than 120 countries. In September 2022 it put modern factory in operation which helps in automated packaging products manufacturing.
6. Corbion
Corbion is a global market leader in latic acid and its derivatives since 1903. It has headquarters in Amsterdam, Noord-Holland.
7. Celanese Corporation
Celanese Corporation is a global chemical leader in the production of differentiated chemistry solutions and especially materials used in major industries. It has headquarters in Irving, Texas.
8. Jungbunzlauer Suisse AG
Jungbunzlauer is one of the leading market producer of bio-degradable products of natural origin since 1867. It has headquarters situated in Basel, BS.
*Definition- Food preservatives are substances added to or sprayed on food to restrict the growth of fungi, bacteria, and other harmful microorganisms.
