Global Preservatives Market Is Anticipated To Witness High Growth Owing To Growing Demand For Cosmetics And Rising Geriatric Population

 

Preservatives 

Overview:

Preservatives protect foods, cosmetics and pharmaceutical products from spoilage by killing or delaying the growth of harmful microorganisms such as bacteria, fungus and yeast. They also prevent the spoilage of fats and oils, slow changes in color and texture and extend shelf life. These properties help consumers make fewer trips to the grocery store and reduce food waste. Preservatives are also important to people in rural areas and other remote locations who may have limited access to fresh foods. Natural and artificial preservatives are found in a wide variety of products. Natural preservatives are usually derived from plants, animals and microbes and contain antioxidant, antimicrobial and antienzymatic properties. Unlike synthetic chemical preservatives, they can be used at levels that do not cause adverse health effects.

Market Dynamics:

Rising product launches are estimated to augment growth of the global Preservatives Market during the forecast period. For instance, RUBINITE GC Dry, a new food preservative was launched by Kemin Industries Inc., in July 2022. RUBINITE is a natural alternative that acts as a curing agent in foods and helps in maintaining product stability and microbiological protection. Moreover, rising demand for organic food products, and limited availability of natural preservatives is anticipated to restrain growth of the global preservatives market during the forecast period.

Impact of COVID-19:

COVID-19 had a he impact on several businesses across the world. It also affected the global economy. Many businesses were shut down and it also hampered trade activities. Several supply chains were disrupted owing to nationwide lockdowns in many nations. This hampered several businesses. The food and beverage industry was also affected due to the pandemic. However, people became more aware regarding their health and hygiene during the pandemic This led to decrease in consumption of processed foods and preservatives. People were opting for natural and health alternatives. This led to increase in demand for organic food items. Thus, the growth of the global preservatives market was hindered during the pandemic.

Key Takeaways:

The global Preservatives Market is expected to witness robust growth, exhibiting CAGR of 5.1% over the forecast period, due to rising business expansion by key players. For instance, Tate & Lyle PLC declared the construction of a new biomass boiler at their acidulants plant in Santa Rosa, Brazil, in November 2021.

North America is anticipated to witness robust growth in the global preservatives market during the forecast period, due to growing demand for premium cosmetic products with natural additives and increasing consumption of packaged food.

Key players active in the global Preservatives Market are Zhejiang Bossen Technology Co., Ltd., Daicel Corp., APAC Chemical Corp., Jiangsu Mupro IFT Corp., Nantong Acetic Acid Chemical Co., Ltd., REIPU (QINGDAO) International Trade Co., Ltd., Jinneng Science and Technology Company Ltd., Shandong Hongda Group, Guangzhou ZIO Chemical Co., Ltd., Veckridge Chemical, Nanjing Jiayi Sunway Chemical Co., Ltd., FBC Industries, CFS Wanglong Flavors Co., Ltd., and Tianjin Haitong Chemical Industrial Co., Ltd.

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