How big is the Food Preservatives Market?

The Food Preservatives Market size is expected to reach USD 3.40 billion in 2024 and grow at a CAGR of 4.81% to reach USD 4.30 billion by 2029. Read More

What is the current Food Preservatives Market size?

In 2024, the Food Preservatives Market size is expected to reach USD 3.40 billion. Read More

Who are the key players in Food Preservatives Market?

Eastman Chemical Company, Tate & Lyle PLC, Givuadan SA, Corbion NV and International Flavors & Fragrances Inc. are the major companies operating in the Food Preservatives Market. Read More

Which is the fastest growing region in Food Preservatives Market?

Middle East and Africa is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Food Preservatives Market?

In 2024, the North America accounts for the largest market share in Food Preservatives Market. Read More

What years does this Food Preservatives Market cover, and what was the market size in 2023?

In 2023, the Food Preservatives Market size was estimated at USD 3.24 billion. The report covers the Food Preservatives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Food Preservatives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Food Preservatives Market Share

Statistics for the 2023 & 2024 Food Preservatives market share, created by Mordor Intelligence™ Industry Reports. Food Preservatives share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Food Preservatives Industry

The food preservatives market is highly fragmented and competitive, with the presence of many global players. The most active companies globally include Eastman Chemical Company, International Flavors & Fragrances Inc., Tate & Lyle PLC, Givuadan SA, and Corbion NV. To strengthen their market position, these players have focused on product innovations, expansions, and partnerships. These players have a strong position in the fast-growing natural preservatives and clean label categories, benefiting from greater usage of these preservatives in foods and beverages generally. The strategy of developing new products and partnerships with local players helps to increase the company's footprint in the foreign country and release new products according to the consumers' changing preferences.