The food preservatives market refers to the industry that produces and supplies substances used to prolong the shelf life of food products by inhibiting the growth of microorganisms, oxidation, or other undesirable chemical changes. These preservatives help maintain the quality, safety, and freshness of food, allowing for longer storage, transportation, and distribution.
The global food preservatives market size was valued at US$ 3.3 billion in 2022 and is poised to grow from US$ 3.4 billion in 2023 to US$ 3.9 billion by 2028, growing at a CAGR of 3.0% in the forecast period (2023-2028).
The food preservatives industry includes various types of preservatives such as antimicrobials, antioxidants, and antimicrobial/antioxidant blends, among others. Commonly used preservatives include sodium benzoate, potassium sorbate, nitrites, sulfites, and ascorbic acid among others.
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