Natural Preservatives is the fastest growing segment fueling the growth of Food Preservatives Market
The global Food Preservatives Market is estimated to be valued at US$ 3.04 Bn in 2023 and is expected to exhibit a CAGR of 4.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Food preservatives help in preventing food from spoilage by inhibiting microbial growth and altering the chemical activity. They play an important role in maintaining food quality and safety during production, distribution, and storage. Common preservatives used are salts, sugar, oils, alcohol, vinegar, and chemical preservatives such as sodium benzoate, potassium sorbate, and sulfur dioxide. Market key trends: One of the key trends in the food preservatives market is the rising demand for natural preservatives. Consumers are switching towards products with clean label and natural ingredients due to increasing health concerns from the use of chemical preservatives. As a result, manufacturers are focusing on developing ...