We have an updated report [Version - 2024] available. Kindly sign up to get the sample of the report.
all report title image

FOOD ANTIMICROBIAL ADDITIVES MARKET ANALYSIS

Food Antimicrobial Additives Market, By Type (Natural, Synthetic), By Application (Bakery and Confectionery, Dairy Products, Snacks and Savory, Beverages, Meat and Meat Products, Other Applications), By Geography (North America, Europe, Asia Pacific, Middle East and Africa, and Latin America)-

  • Published In : Feb 2023
  • Code : CMI5536
  • Pages :136
  • Formats :
      Excel and PDF
  • Industry : Food Ingredients

Food Antimicrobial Additives MarketSize and Trends

The global food antimicrobial additives market size was valued at US$ 357.5 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 6.63% from 2023 to 2030. Growing demand for clean-label preservatives and antimicrobials, such as vinegar, rosemary, and chemicals derived from organic or natural substances is driving growth of the food antimicrobial additives market. Moreover, growing demand for packaged fresh food products is further projected to augment market growth over the forecast period.

Global Food Antimicrobial Additives Market Trends:

Antimicrobial combinations hitting the mainstream

Several food and beverage producers have started using a combination of synthetic and natural food antimicrobials. Food giants, such as General Mills, Kraft Heinz, and Nestlé, are highly involved in reworking their recipes to eliminate artificial colors and flavors in order to offer more natural food products.

Increasing demand for food products with extended shelf life for improving customer experience

For instance, Lesaffre, a French global player in yeast and fermentation, offers a range of antimicrobial solutions for the food and beverage sector, to increase the shelf life of foods and beverages. These solutions encompass Encore Fresh and Encore Soft AM. Hence, growing demand for food product with extended shelf life is a growing trend for the global market.

Global Food Antimicrobial Additives Market Segmentation:

The global food antimicrobial additives market report is segmented into type, application, and geography

Based on type, the market is segmented into Natural and Synthetic. Out of which, Natural is expected to dominate the global market over the forecast period and this is attributed to their safety and non-toxic grade. In natural segment nisin is gaining popularity as they exhibit high stability under acidic conditions. The nisin segment was valued at USD 123.01 million in 2022 and is projected to reach USD 226.13 million by 2030, registering a CAGR of 8.74% during the forecast period (2023-2030).

Synthetic segment is also expected to witness significant growth in the near future and this is owing to their high effectiveness and are also cheapest when compared to natural one. Sodium benzoate is one of the oldest chemical used as preservative in food industry. The benzoates segment was valued at USD 305.5 million in 2022 and is projected to reach USD 464.28 million by 2030, registering a CAGR of 5.54% during the forecast period (2023-2030).

Based on application, the market is segmented into Bakery and Confectionery, Dairy Products, Snacks and Savory, Beverages, Meat and Meat Products, and Other Applications. Out of which, Dairy Products is expected to dominate the global market over the forecast period and this is attributed to the increasing consumption of dairy products which is increasing preservatives for extending shelf-life of product. The dairy products segment of the antimicrobial market was valued at USD 343.4 million in 2022 and is projected to reach USD 500.67 million by 2030, registering a CAGR of 4.89% during the forecast period (2023-2030).

Bakery and Confectionery segment is also expected to witness significant growth in the near future and this is owing to the increasing usage in bakery product due extending shelf-life. Benzoates and sorbates are some of the antimicrobial widely used in confectionery. The bakery and confectionery segment of market was valued at USD 312.93 million in 2022 and is projected to reach USD 486.27 million by 2030, registering a CAGR of 5.89% during the forecast period (2023- 2030).

Figure 2. Global Food Antimicrobial Additives Market (%), By Segment, 2022

Need a Custom Report?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports

Customize Now
Logo

Credibility and Certifications

ESOMAR
DUNS Registered
Clutch
DMCA Protected

9001:2015

Credibility and Certifications

27001:2022

Credibility and Certifications

EXISTING CLIENTELE

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients
trusted clients logo
© 2024 Coherent Market Insights Pvt Ltd. All Rights Reserved.