Natural Preservatives Market size is estimated to reach $2,095.1 million by 2026, growing at a CAGR of 4.5% over 2021-2026. Natural preservatives help to reduce the extension of pathogen and germs in food. Natural preservatives are extracted from nature and can be used without artificial processing that protect products from spoilage. Natural preservatives are considered as safe and effective alternative to extend the shelf life of food. Natural preservatives are used in various industries such as food and beverage, pharmaceutical and cosmetics that help to keep the products for longer shelf life and provides no side effects. Natural preservative such as salt is considered as antimicrobial agent, vinegar, and citric acid like lemon is used traditionally for preserving food which is considered as effective method and healthy. Rosemary extract is considered as main natural preservatives which are used to slowing the oxidation of fatty acids and are mostly used for meat and poultry, etc. For commercial food preservatives, natamycin are mostly used and helps to increase the shelf life of various products such as cheese, fermented meat, yogurt, beverages, wines etc. Benzoates are naturally found in fruits and spices that also helps in storing the products for a longer life. Rising consumption of ready-to-eat and convenience foods among people and growing adoption of organic and natural products in various industry such as food and beverage, pharmaceutical and cosmetics is the major factor driving the growth of Natural Preservatives Market. Furthermore, hectic lifestyle of consumers increases the focus on products that are healthy and easily available is set to further enhance the overall market demand for Natural Preservatives Market for the period 2021-2026.
Natural Preservatives Segment Analysis – By Product
The Natural Preservatives Market based on Product can be further segmented into Salts, Natural acids, Rosemary Extract, Botanical Extract, and Others. The Salts segment is the major segment generating revenue in 2020. This is mainly owing to its effective capacity of preserving food by reducing hydration and protects from the growth of pathogens and microbes. Moreover, salts are available in every household and commercial places in order to keep food fresh that rising the demand of salts and thus boosting the market growth. The Natural acids segment is estimated to register the fastest CAGR of 5.1% for the period 2021-2026. Natural acids such as lemon, orange fruit are used in wide variety of products to increase the shelf life that rising the use of natural acids among manufacturers to preserve. Moreover, rising use of natural acids cosmetic rising the use of natural preservatives as consumers are being conscious for their skin and mostly prefer natural products for skin that further propelling the growth of Natural Preservatives Market.
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Natural Preservatives Segment Analysis – By Function
The Natural Preservatives Market based on Function can be further segmented into Antimicrobial, Antibacterial, Antioxidants, and Others. The Antimicrobial segment registers for the highest natural Preservatives Market share in 2020. This is mainly owing to the fact that natural preservatives contains more antimicrobial properties that inhibits the growth of pathogens and fungi. Moreover, manufacturers are also using more natural preservatives owing to its antimicrobial properties and thus enhancing the growth. The Antioxidants segment is forecasted to register the fastest CAGR of 6.2% over 2021-2026. This is mainly owing to the fact that antioxidant helps to terminate the process of oxidation that increase the use of natural preservatives in variety of products and are thus propelling the growth of Natural Preservatives Market.
Natural Preservatives Segment Analysis – By Geography
North America dominated the Natural Preservatives Market with major share of 45% in 2020. This is owing to rising trends of using natural products that provides no side effects. Moreover, consumers are adoption naturally derived food that provides benefits in health and thus increasing adoption of natural preservatives in food that rising the growth of Natural Preservatives Market. Furthermore, manufacturers are also using natural preservatives to increasing the sales of products which in turn driving the market growth.
However, Asia Pacific is estimated to be the growing market during the forecast period 2021-2026 owing to growing adoption of organic products among consumers. In India, people are using natural preservatives such as salts, lemon in food to increase the shelf life so, manufacturers are also increasing the adoption of natural preservatives that are further enhancing the market growth.
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Natural Preservatives Market Drivers
Rising Consumption of Ready to Eat and Convenience Foods
Growing hectic lifestyle among consumers increase the adoption of ready-to-eat and convenience food which are mostly used natural preservatives to preserve the processed food. Moreover, rising rates of working women rising the need of food that stays longer which increases the use of natural preservatives among manufacturers to store the food for longer time and keeps them free from microbes and other infected germs and therefore rising the growth of the Natural Preservatives Market over the period 2021-2026.
Growing Adoption of Organic and Natural Products
Rising consciousness about health among consumers increases the need of natural preservatives which is a healthy alternatives to synthetic preservatives that further driving the market growth. Recently, the people are looking for the products that provides no harm to their health which rising the use of natural preservatives in variety of products and thus boosting the growth of Natural Preservatives Market over the period 2021-2026.
Covid-19 Impact:
COVID-19 pandemic had greatly impacted the growth of Natural Preservatives Market. During pandemic, there is a lockdown that created a disruption in the manufacturing industries. Owing to lockdown, various distribution channel such as supermarkets, convenience stores are also not able to open which created a huge loss. Moreover, production capacity also decreases among manufacturers and are negatively impacted the growth of Natural Preservatives Market.
Natural Preservatives Market Challenges
High Cost of Natural Preservatives
The factors that is set to impede the growth of the Natural Preservatives Market are rising cost of raw materials that increasing the cost of natural preservatives which is set to restrain the growth of Natural Preservatives Market.
Natural Preservatives Landscape
Product launches, acquisitions, collaboration, joint ventures, and geographical expansions are key strategies adopted by players in the Natural Preservatives Market. Natural Preservatives top 10 companies are Cargill, Koninklijke, ADM, Kemin industries, BASF SE, Tate & Lyle, Corbion, Galactic, ITA, Biosecur and ITA 3 S.r.l.
Development
In April 2019, Ingredient Trading Company launched a natural food alternative that helps to boost the shelf life of dairy, bakery and both fresh and cooked meat.
