The North America Processed Food & Beverage Preservatives Market is predicted at USD 0.92 billion in 2024 and estimated to be growing at a CAGR of 2.55%, to reach USD 1.05 billion by 2029.
The market is showcasing evident potential in the mentioned forecasting period. The market continues to gain momentum with the ongoing development in the industry.
The processed food & beverage preservatives market has grown gradually in the recent years. It has an impact on food for maintaining the quality, flavour, and taste of the food, which has resulted in its high demand across the world. This is because of the requirement for food products that are needed to have a long shelf life for convenience of food.
The market is propelled by factors like demand for convenience food products & foods with long shelf-life, and the growing usage of natural preservatives in the meat & poultry. The huge growth potential in the developing markets and a lot of potential untapped in some regions provides new growth opportunities for market players.
The North America Processed Food & Beverage Preservatives Market is segmented on the basis of Type into Natural & Chemical. Based on Function, the market is segmented into Antimicrobial and Antioxidant. Further, on the basis of Application, the market is segmented into Oil & Fat, Bakery, Dairy & frozen, Snack, Meat, Poultry & Seafood, Confectionery, and Beverage.
On the basis of geography, the North America market is analysed under the regions namely U.S.A and Canada. These two countries are growing rapidly in processed food consumption and thus the processed food & Beverage preservatives market is expected to show huge growth in the forecasting period.
Some of the major companies dominating the market are Akzo Nobel N.V., Danisco A/S, Cargill, Incorporated, Univar Inc., and Koninklijke DSM N.V.
Frequently Asked Questions
The most commonly used preservatives in North America include sodium benzoate, sorbic acid, nitrates, nitrites, and natural preservatives like rosemary extract and ascorbic acid.
The key drivers include the growing demand for convenience foods, the rising consumption of packaged beverages, and increased consumer preference for longer shelf life without compromising product quality.
Natural preservatives are gaining traction due to increasing consumer demand for clean-label products. This trend has led to a shift from synthetic preservatives to plant-based or naturally derived alternatives like vinegar, citric acid, and tocopherols.
Preservative manufacturers must comply with stringent regulations imposed by the FDA and Health Canada, ensuring that preservatives meet safety standards for human consumption. There are also ongoing debates around certain synthetic preservatives, such as nitrates and sulfites.
Related Reports
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region