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The dominant concerns of health issues that emerged by the use of chemical-based food preservatives have been increasing in the food and beverage sector. The utility of salt and sugar by manufacturers which efficiently drops the growth of bacteria in foods falls under the category of natural food preservatives. The consumers have started avoiding the usage of synthetic preservatives due to health concerns, and rapidly shifting towards natural food preservatives. As a result, food processors and manufacturers are also opting natural food preservatives during the food processing, and it is expected to increase the utility of natural food preservatives in food and beverage sector over the forecast period from 2019 to 2026.
The food consumption behavior of people has majorly influenced by fast-track lifestyles and rising urbanization, which has strongly increased the demand for ready-to-eat (RTE) food products. The consumers are more seeking for the extended long shelf life food products and beverages. At the same moment, the manufacturers in the natural food preservatives market have started implementing methodologies to produce gluten-free preservatives for their food product processing.
Key Market Driver -
Increased Demand for Gluten Free Preservatives and Rising Food and Beverages Sector
Key Market Restraint -
High Price of Natural Food Preservatives as Compared to Synthetic Preservatives
The consumers are shifting towards increased priority on the adoption of clean-label products which does not contain any additives to preserve the food products, is influencing the natural food preservatives market positively. The demand for the natural food preservatives has been substantially rising along with the rise in the demand for processed and packaged food, owing to their extensive usage in the food product formulations. It is expected to increase in the demand for natural food preservatives in the global market.
The increased price of the natural food preservatives as compared to synthetic food preservatives have been a restraint over the growth of the global natural food preservatives market. The small manufacturers of food preservatives are bounded to produce natural preservatives, due to the unaffordable manufacturing cost of natural food preservatives.
There are various key players which are operating in the global natural food preservatives market. The manufacturers are utilizing the opportunities by catering to the demand from various applications of food sector. The rising consumption of natural food preservatives is creating a competitive edge in its global market. Some of the major key players in the market include Arjuna Natural Extracts Ltd, Chinova Bioworks Ltd.
Among the function, the antimicrobial is witnessed to fastest-growing segment in the natural food preservatives market across the globe. The antimicrobials preservatives include salt, sugar, vinegar, alcohol, honey, edible oil, and others. The function of such antimicrobials is to maintain water content, moisture, ensures slow growth of bacteria, and others to prevent food from its contamination. Antioxidants are also used for natural food preservatives against oxidative deterioration. The utility of such natural food preservatives in food and beverages is expected to increase its business globally.
On the basis of applications, the bakery sector is dominating the market for the utility of natural food preservatives. The rising demand of organic and natural bakery products has encouraged manufacturers to avail natural food preservatives for the product. The rising urbanization among the consumers has pulled the demand for food products with extended shelf life and ready-to-eat (RTE) products in their busy lifestyles, which requires natural preservatives to prevent food from contamination.
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The North-America is one of the major and emerging markets for natural food preservatives. The demand for natural and plant-based products are rising among the consumers in various countries, such as U.S. and Mexico, due to health and wellness trend which requires natural food preservatives to give it long shelf life. The busy lifestyles of consumers is pulling the demand for RTE food products for their convenience and portability, which is also expected to increase in the utility of natural food preservatives in the global market.
Key Industry Developments
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