The global demand for Plant Based Preservatives Market is presumed to reach the market size of nearly USD 6.36 MN by 2028 from USD 3.81 MN in 2021 with a CAGR of 7.6% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Million Square Meter in 2021 and forecast to touch XX Million Square Meter by 2028 with a CAGR of XX% during 2022-2028.
Plant-based preservatives have gained widespread popularity due to their safe and non-harmful nature. Plant-based preservatives, mostly derived from herbs, spices, and fruit juices, have emerged as a viable alternative to physical and chemical preservatives. Because of their antimicrobial and antioxidant properties, plant-based preservatives are being added to products such as seafood, beverages, meat, bakery, fruits & vegetables, dairy products, and pharmaceuticals. Plant-based preservatives reduce the risk of foodborne diseases, lower microbial spoilage, and preserve the products' fresh attributes and nutritional quality.
Market Dynamics
The growing awareness about the harmful effects of synthetic preservatives among a large global population will invite tremendous growth. Moreover, the rapid growth in the food and beverages industry and the changing lifestyle of consumers are further projected to accelerate the overall market growth in the next few years. The rising prevalence of foodborne diseases, combined with the growing need to improve product shelf life, are expected to drive plant-based preservatives sales over the next ten years. Furthermore, as consumer preferences for safe and natural food ingredients grow, the overall demand for plant-based preservatives is expected to rise. Similarly, implementing stringent regulation by regulatory bodies to reduce harmful substances in foods, beverages, and bakery items is likely to boost plant-based preservatives' sales.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of plant based preservatives. The growth and trends of Plant Based Preservatives Industry provide a holistic approach to this study.
Market Segmentation
This section of the plant based preservatives market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Function
- Antimicrobial Plant Based Preservatives
- Antioxidants Plant Based Preservatives
- Plant Based Food Preservatives For Other Functions
By Source
- Herbs And Spices
- Fruit Juices
By Application
- Sea Food
- Meat & Poultry
- Bakery Products
- Dairy Products
- Snacks
- Beverages
- Fruits & Vegetables
- Other Applications
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Plant Based Preservatives market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Plant Based Preservatives Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the plant based preservatives market include Hawkins Watt Limited, Du Pant Nutrition & Health, Univar Inc, Archers Daniels Midland Company, Kemin Industries Inc, Cargill Incorporated, Ajinomato Omnichem, Tate & Lyle. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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