Food Preservatives Market Trends, Industry Analysis 2022-28

The global food preservatives market size was valued at USD 2,942.7 billion in 2021 and is poised to grow at a significant CAGR of 4.9% during the forecast period 2022-28. It also includes market size and projection estimations for each of the five major regions from 2022 to 2028. Dramatic changes in the lifestyle of people, changing trend towards consumption of processed food and canned food, inclination towards ready-to-eat and ready-to-cook food expected to trigger demand for preservatives across the globe. A rapid increase in demand for alcohol beverage products such as beer, wine is expected accelerates the significance of preservatives. However, a surge in the awareness about the adverse effects of preservatives and stringent government regulations pertaining to the preservatives are few challenges expected to restrain the food preservatives market.