The artificial preservative market is in transit to register a CAGR of 5.80% through 2034. The market has the potential to blow up its value from USD 29,800 million in 2024 to USD 52,500 million by 2034.
| Attributes | Details |
|---|---|
| Artificial Preservative Market Size, 2024 | USD 29,800 million |
| Market Size, 2034 | USD 52,500 million |
| Value CAGR (2024 to 2034) | 5.80% |
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| Attributes | Details |
|---|---|
| Powder | Form |
| Market share in 2024 | 37.7% |
The longer shelf life of the powder than liquid is driving the demand for this segment. Usually, powders are easier to handle and store. Thus, consumers consider powder preservatives as an ideal choice. Properties such as ease of mixing and greater flexibility are making powder form a popular choice among end users who are making a wide range of products daily. Moreover, the lower price of powder preservatives than liquid preservatives is attracting attraction in the current period.
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| Countries | CAGR from 2024 to 2034 |
|---|---|
| United States | 13.4% |
| China | 12.9% |
| Germany | 8.5% |
| Japan | 4.7% |
| Australia | 3.1% |
In the current period, the popularity of processed food has increased in the United States. Individuals are consuming convenience food increasingly in the region due to their busy lifestyles. Processed food manufacturers are using many food preservatives in their products to improve taste, texture, and other aspects in the United States.
The need for longer shelf life in foods is anticipated to drive demand for the artificial preservatives market in the United States. Food processors and manufacturers use these preservatives to optimize their supply chain, especially as food travels longer distances such as across states and internationally.
Companies in the region are striving to constantly enhance their food tastes. Additives that improve tastes and flavors of food are gaining a major market share in the region. Key players are continuously looking to stand out in the market by implementing strategic marketing strategies.
Expansion of the food and beverage industry in China is driven by the growing income of the middle class as this has led to increased demand for food and beverages.
Preservative companies are increasingly using food preservatives in their products to maintain taste and freshness. By improving the shelf life of foods with preservatives, food manufacturers are ready to gain maximum market share in China during the current period.
Demand for modern food production and distribution over traditional food in China is contributing to the market's growth. Even though natural preservatives like salt and soy sauce are relatively suitable for traditional food, modern food processing depends upon artificial preservatives as consumers demand various flavors and other attributes.
The changing consumer lifestyle is one of the major factors driving the market growth in Germany. With busy lifestyles and hectic lives, the demand for packaged food and fast food has significantly amplified in the country.
Individuals are actively preferring frozen meals and instant snacks these days. Thus, manufacturers are actively looking for preservatives that enhance the shelf life of these snacks and flavors in the country.
The food export industry is also playing a major role in the market growth in Germany. As the need for extending the shelf life of food being exported grows, artificial preservatives have gained much popularity among food exporters in Germany. Principally, these preservatives are used to maintain perishable goods such as meats and dairy products.
Technological advancements and research activities are leading to market growth in Japan. Scientists and preservative expert companies are investing in research to enhance the quality of preservatives in the country. Food processors are looking for preservatives that extend the shelf life of their food without affecting taste and nutritional values in Japan.
Australia is known for its traditional cuisine culture. Individuals these days are using these preservatives to maintain the shelf life and taste of their cuisines, as there is increasing demand for these cuisines internationally. However, safety regulations for foods implemented by the government are hampering the growth of the artificial preservative market in Australia.
Stakeholders are actively offering a wide range of artificial preservatives, which gives them attraction and popularity in the market. Key players are generating profits by launching sustainable products in the sector.
The market is set to gain potential growth during the forecast period owing to innovations and research. Several companies are looking to improve the consumer experience by implementing new marketing strategies in the current period.
Recent Developments
DSM Food
DSM Food Specialties is a global company that specializes in providing innovative solutions for the food industry. Their portfolio includes a wide range of products such as enzymes, cultures, probiotics, and natural preservatives. In terms of artificial preservatives, DSM Food Specialties offers several solutions designed to meet the needs of today's consumers.
BASF SE
BASF SE is a Germany-based multinational chemical company that operates across a range of industries, including chemicals, plastics, performance materials, agricultural solutions, and oil and gas.
BASF's artificial preservatives have already been adopted by a number of leading food manufacturers, who have found them to be a highly effective alternative to traditional chemical preservatives. By using these artificial preservatives, manufacturers can extend the shelf life of their products without compromising on quality or safety.
The CAGR of the market in the United States from 2024 to 2034 is estimated to be 13.4%.
The market is expected to develop at a CAGR of 5.80% from 2024 to 2034.
The artificial preservative market size is set to be worth USD 29,800 million in 2024.
The CAGR of the market in China from 2024 to 2034 is estimated to be 12.9%.
The market is estimated to get as big as USD 52,500 million by 2034.
The market can be divided into the following segments: product type, form, end-use application, and region.
| Estimated Market Value (2024E) | USD 840.8 million |
|---|---|
| Projected Market Value (2034F) | USD 1,608.2 million |
| Value-based CAGR (2024 to 2034) | 6.7% |
| Estimated Size (2024E) | USD 612.3 Million |
|---|---|
| Projected Value (2034F) | USD 1,163.3 Million |
| Value-based CAGR (2024 to 2034) | 8.0% |
| Market Value in 2023 | USD 2,965.62 million |
|---|---|
| Market Value in 2033 | USD 5,725.70 million |
| Growth Rate (2023 to 2033) | 6.8% CAGR |
| Expected Market Value (2022) | USD 435.2 Million |
|---|---|
| Market Anticipated Forecast Value (2032) | USD 880.4 Million |
| Market Projected Growth Rate (2022 to 2032) | 7.3% CAGR |
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Artificial Preservative Market
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