Food Preservatives Market is expected reach by US$ 5.73 Billion at a CAGR of 6.8% in the forecast period 2023 to 2033

Jun 05, 2023

The global food preservatives market is worth US$ 2.97 Billion as of now and is expected to reach US$ 5.73 Billion by the year 2033 at a CAGR of 6.8% between 2023 and 2033.

Food preservatives are incorporated at the time of food processing for increasing stability and avoiding spoilage. They are being added in petite quantities to several kinds of foodstuff based on the requirement. Conventionally, spices, salt, and sugar are used for preserving meat and the other types of food. These preservatives do away with microorganisms and mitigate or atleast prolong spoilage of food. They are classified as moderately toxic and non-toxic. The former ones need approval of the US FDA and EFSA (European Food Safety Authority) and could be identified by approximate index (E or INS numbers).

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At the same time, the fact that there are health risks involved with synthetic preservatives can't be ignored. This factor could restrain the food preservatives market in the near future. For instance – butylated hydroxyanisole (better known as BHA), comes across as an antioxidant preventing spoilage of high-fat foods, cereals, and oils. However, it has been observed that their excessive intake could result in tumors, chronic hives, and various other skin-related ailments.

Future Market Insights has entailed these facts with future perspectives in its latest market study entitled ‘Food Preservatives Market’. The line of expertise in the form of analysts and consultants is there to execute using a bottom-up approach in its primary, secondary, and tertiary modes of research.

"With demand for convenience food on the rise, the global food preservatives market is expected to grow on a stupendous note in the forecast period", says an analyst from Future Market Insights.

Key Takeaways from Food Preservatives Market

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