The global food preservatives market, valued at USD 3.2 billion in 2024, is on a growth trajectory, projected to expand at a compound annual growth rate (CAGR) of 4.5%, reaching USD 4.2 billion by 2030. This surge is driven by the rising demand for packaged food products, particularly ready-to-eat (RTE) items, and the increasing shift towards natural preservatives.
Key market segments include synthetic and natural preservatives, with the latter gaining traction due to health-conscious consumer trends. North America currently leads the market, while Asia-Pacific is expected to be the fastest-growing region. Natural preservatives, including bio-preservatives like rosemary extracts and vinegar, are anticipated to see significant growth, propelled by sustainability concerns and the rising need to reduce food waste.
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