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Dec 03, 2021, 07:00 ET
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NEW YORK, Dec. 3, 2021 /PRNewswire/ — The consumption of several artificial preservatives, such as nitrates, benzoates, sulfites, sorbates, parabens, and formaldehyde, can lead to serious health hazards such as hypersensitivity, allergy, asthma, hyperactivity, neurological damage, and cancer. So, the health problems related to chemical food preservatives will drive the demand for organic food preservatives in the coming years. However, threats from substitute products might impact the market growth adversely during the forecast period. The organic food preservatives market share is set to grow by USD 367.66 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.71%.
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34% of the market’s growth will originate from North America. The US, Canada, and Mexico are the key markets for organic food preservatives in the region. Consumers in North America are opting for alternative choices to lower the impact on health, which leads to a shift to organic products rather than food that has a high chemical content, which, in turn, will facilitate the organic food preservatives market’s growth in North America.
Read the 120-page report with TOC on "Organic Food Preservatives Market Analysis Report by Application (bakery and confectionary, beverages, dairy, sweet and savory snacks, and others) and Geography (North America, Europe, APAC, South America, and MEA), and the Segment Forecasts,2022-2026" https://www.technavio.com/report/report/organic-food-preservatives-market-industry-analysis
Major Organic Food Preservatives Companies:
The organic food preservatives market is fragmented, and the vendors are deploying both organic and inorganic growth strategies to compete in the market.
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Organic Food Preservatives Market Application Outlook (Revenue, USD mn, 2021-2026)
Organic Food Preservatives Market Geography Outlook (Revenue, USD mn, 2021-2026)
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Organic Food Preservatives Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 4.71%
Market growth 2022-2026
USD 367.66 million
YoY growth (%)
North America, Europe, APAC, South America, and MEA
Performing market contribution
North America at 34%
Key consumer countries
US, Canada, Germany, China, UK, Japan, France, Mexico, and India
Leading companies, competitive strategies, consumer engagement scope
Archer Daniels Midland Co., Cargill Inc., Hawkins Watts Ltd., International Flavors and Fragrances Inc., Kalsec Inc., Kemin Industries Inc., Koninklijke DSM NV, Merck KGaA, Tate and Lyle Plc, and Univar Solutions Inc.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.
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