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.
US Food Preservatives Industry Segmentation
The United States food preservatives market is segmented on the basis of type into, natural and synthetic. By application, the United States food preservatives market is segmented into bakery, dairy, meat and meat products, confectionery, beverages, and others.
| Type | |
| Natural | |
| Synthetic |
| Application | |
| Bakery | |
| Dairy | |
| Confectionery | |
| Meat and Meat Products | |
| Beverages | |
| Others |
United States Food Preservatives Market Size Summary
The United States food preservatives market is experiencing notable growth, driven by the increasing demand for convenient and clean label food products. This trend is particularly evident in the beverage industry, which is a significant contributor to the global food preservatives market. Beverage manufacturers are expanding their product offerings by incorporating natural preservatives, marking a significant development in the industry. The use of preservatives is crucial for slowing down spoilage and maintaining food quality, as well as preventing contamination that can lead to foodborne illnesses. While artificial preservatives have been widely used due to their cost-effectiveness, there is a growing consumer preference for natural alternatives, prompted by concerns over allergic reactions linked to artificial ingredients. This shift is encouraging ingredient manufacturers to introduce natural preservatives, further fueling market growth.
The demand for natural preservatives is particularly strong in the meat and meat products segment, where microbial contamination is a leading cause of product recalls. Natural preservatives like nisin and natamycin are increasingly used to inhibit pathogenic bacteria in meat products. Companies in the United States food preservatives market are not only focusing on product quality but also engaging in strategic initiatives to capture significant market shares. Leading firms such as Cargill Incorporated, Kerry Group, and DuPont are investing heavily in research and development, as well as collaborating and acquiring other companies to enhance their market presence. This competitive landscape is expected to drive further innovation and expansion in the market.
United States Food Preservatives Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porters Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Natural
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2.1.2 Synthetic
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2.2 Application
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2.2.1 Bakery
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2.2.2 Dairy
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2.2.3 Confectionery
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2.2.4 Meat and Meat Products
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2.2.5 Beverages
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2.2.6 Others
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United States Food Preservatives Market Size FAQs
What is the current United States Food Preservatives Market size?
The United States Food Preservatives Market is projected to register a CAGR of 3.52% during the forecast period (2024-2029)
Who are the key players in United States Food Preservatives Market?
BASF SE, DuPont de Nemours, Inc, Chr. Hansen A/S, Koninklijke DSM N.V and Corbion N.V. are the major companies operating in the United States Food Preservatives Market.
