Demand for Plant Based Preservatives Market is Set to Rise at 6.6% CAGR through year 2032 end Amid Growing Trends Witnessed by Clean Label Products | Report by Future Market Insights, Inc.

North America plant based preservatives market is expected to register 6.2% CAGR between 2022 and 2032. The demand for plant based preservatives in Europe is expected to grow at 6.5% CAGR through 2032. Leading manufacturer and supplier of plant based preservatives is Cargill, Inc

DUBAI, United Arab Emirates, Nov. 02, 2022 (GLOBE NEWSWIRE) -- As per FMI, the global plant based preservatives market is forecast to grow from US$ 3.1 Bn in 2022 to US$ 5.8 Bn by 2032, with overall sales accelerating at a robust CAGR of 6.6% throughout the forecast period.

Rising preference for natural food preservatives over chemical preservatives is a key factor boosting sales of plant based preservatives in the global market and the trend is likely to continue during the forecast period.

Similarly, as consumers become more aware of health issues, the plant based preservatives market is likely to grow quicker in the future years. The increased use of a variety of plant-based preservatives in conjunction with other chemical preservatives in the food and beverage industry is likely to promote market growth in the next ten years.

In addition to this, rising trend for clean-label goods, which are basically devoid of additives, particularly synthetic versions, is likely to drive the growth of the global plant based preservatives market during the assessment period.

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Key Takeaways from Market Study

  • Based on source, herbs and spices segment is anticipated to grow at a healthy pace during the forecast period.
  • North America is expected to hold around 38% share in the global plant based preservatives market share.
  • The U.S. currently holds 65% share of the North America plant based preservatives market and it is poised to grow swiftly over the next ten years.
  • With high consumption of plant based ingredients, Europe is expected to hold around 31% share of the global plant based preservatives market during the forecast period.
  • Asia is expected to account for 20% revenue share in the overall plant based preservatives market.
  • Germany holds approximately 22% market share in the Europe plant based preservatives market.

"In the long run, the increased focus on plant based preservatives consumption in developed regions such as North America and Europe is projected to provide profitable opportunities for market participants. ", - says a lead analyst at Future Market Insights.

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Competitive Landscape

Plant Based Preservatives have a strongly competitive global market. Introducing new product variations, acquiring smaller market competitors, and raising awareness about the advantages of plant-based preservatives through different promotional activities and programmes are some of the main strategies adopted by key players to gain a competitive edge in the market.

Some of the leading companies offering plant based preservatives include Hawkins Watt Limited, Univar, Inc, Archers Daniels Midland Company, Du Pant Nutrition & Health, Cargill Incorporated, Kemin Industries, Inc, Ajinomato Omnichem, and Tate & Lyle.

Plant Based Preservatives Market by Category

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

By Region:

  • North America
  • Latin America
  • Europe
  • Middle east and Africa
  • East Asia
  • South Asia
  • Oceania

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Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity 

        3.1.4. Trends

    3.2. Scenario Forecast

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Have a Look at Related Research Reports of Food and Beverage

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Plant Based Pork Market Share: The global Plant Based Pork market is expected to reach a market valuation of US$ 1.8 Bn by the year 2022

Natural Food and Beverage Preservatives Market Trends: The global natural food and beverage preservatives market size is expected to reach US$ 880.4 million in 2032

Natural Food Preservatives Market Analysis: The natural food preservatives market is expected to be valued at USD 435.2 Mn in 2022 and is projected to reach USD 856.1 Mn by 2032

Bread Preservatives Market Outlook: Growing demand for additives which improve shelf-life of bakery products due to increased bakery food intake is driving the bread preservatives market

About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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