Report Description Table of Contents Industry Report and Statistics (Facts & Figures) - Sales Volume (Metric Ton), Price & Demand Analysis by Type & Application The global food preservatives market will indicate a robust CAGR of 5%, valued at $3.15 billion in 2022, expected to appreciate and reach $4.65 billion by 2030, confirms Strategic Market Research. With 30% of global sales, the North American region will continue to dominate the food preservatives market. Food preservatives are natural or synthetic chemicals added to foods & pharmaceuticals to prevent spoilage. They maintain freshness and shelf life, preventing spoilage from microbial growth or undesirable chemical changes. Preservatives, such as pickled onions, salted meat, sweetened fruit, and spiced foods, have been used for centuries. As demand for food increases, preservatives help prevent adulteration due to exposure to air, moisture, bacteria & molds. Food preservation is done either chemically or physically. Chemical preservation entails the addition of chemical substances to the product. Processes like drying and refrigeration are required for physical preservation. Food preservatives lower the risk of foodborne illnesses, lessen microbial spoilage, and maintain freshness and nutritional value. Dehydration, UV-C radiation, freeze-drying, and refrigeration are some physical methods for food preservation. Techniques for chemical and physical preservation are occasionally combined. Presently, 75 percent of the food products we eat contain some amount of food preservatives. The amount of food preservatives used varies significantly by nation. Many developing countries with weak governments that cannot control food additives choose between adding harmful amounts of preservatives to food or avoiding adding food preservatives. The food preservatives market is gaining popularity due to health-conscious customers raising the demand for natural preservatives. Key Industry Drivers - Increasing Demand for Processed & Convenience Food, Increased Demand for Natural Preservatives. The rise in urbanization, changing lifestyles, and busy schedules have significantly increased processed and convenience foods consumption. According to a study, the processed food market is growing with a CAGR of 6.1%, poised to reach $3450 Bn by 2030. These processed foods require effective preservation techniques to maintain quality, taste, and shelf life. Food preservatives play a crucial role in extending the longevity of these products & preventing spoilage caused by microbial growth, oxidation & enzymatic reactions. The growing demand for natural food preservatives is driven by consumer preference for clean-label products, health & safety concerns, regulatory landscape, and perception of naturalness and quality. The global natural food preservatives market is poised to grow with a CAGR of 7.21% and reach $1.53 billion by 2030. Consumers seek products free from artificial additives and chemical preservatives, and natural preservatives, derived from plant extracts and essential oils align with this preference. Natural preservatives extend the food's shelf life and inhibit the micro-organisms' growth. Consumers associate natural ingredients with higher quality, authenticity, and better taste, creating a more wholesome and superior product experience. Natural food preservatives have experienced innovation and advancements, offering superior preservation properties compared to synthetic alternatives. This led to an increased demand in the market, driven by consumer preference for clean-label products, health, and safety concerns, regulatory landscape, perception of naturalness, and sustainability and environmental considerations. Restraints - High Price of Natural Food Preservatives, Increasing Risk of Health Concerns Globally, 75% of food contains preservatives, and this exponential use of preservatives adversely affects the human body. Health-conscious customers have raised the demand for natural preservatives. The adoption of natural preservatives is still nascent due to limited availability & the high cost of production. Natural preservatives derived from plant extracts or organic sources require careful cultivation, extraction, and processing techniques. High demand and low availability due to fewer market leaders drive the monopoly of the natural food preservatives market, making them an expensive alternative. Nitrites are often part of preservatives added to processed meats, linked to higher risks of cardiovascular disease, overall death, and potentially type 2 diabetes. A study published in PLOS Medicine states that vulnerability to nitrites in food & water is connected to a higher risk of progressing type 2 diabetes. One third of total nitrite consumption participants were 27 percent more likely to have and develop Type 2 diabetes than the rest two third participants. Those with higher nitrite consumption from food additives were 53% more likely to develop type 2 diabetes than those without exposure. Opportunities - Tapping Emerging Markets & Technological Advancements The rising demand for packaged food & beverages, Ready-to-Eat (RTE) food, ease of use & rising cost-effectiveness of shelf-stable packaging is proliferating the food preservatives market. The increasing working population & urbanization are raising the demand for the packaged food market in emerging markets. European Union is the second largest organic food market, creating an opportunity for the expansion of natural preservative manufacturers in the region. The food preservatives industry is witnessing continuous technological advancements and product innovation. Companies are investing in research & development to develop new and improved preservatives that are more effective, safe, and have minimal impact on sensory attributes. Innovative solutions, such as encapsulation technologies, active packaging, and natural antimicrobial agents, offer significant market potential. Developing cost-effective and clean-label preservatives provides an opportunity for increased investment and market expansion of the food preservatives market. Market Analysis Of Different Segments Covered in the Report Based on Label Type Conventional Clean Label Based on Type Natural Rosemary Extracts Chitosan Edible Oil Vinegar natamycin Others Synthetic Benzoates Sulphites Propionates Others Based on Function Type Anti-oxidant Anti-microbial Others Based on Application Type Dairy Products Snacks Meat & Poultry Products Beverages Bakery Products Others Regional Coverage Analysis North America o Mexico o Canada o United State Europe o France o Spain o Germany o Italy o U.K. Asia Pacific o Australia o China o Japan o India Central & South America Federative Republic of Brazil Middle East & Africa Republic of South Africa Label Type Analysis & Insights By label type, the food preservatives market is categorized into conventional and clean-label food preservatives. The conventional segment dominates the food preservative label market with a revenue share of 65%. Conventional label food preservatives dominate the food industry due to their effectiveness, regulatory approval, cost, and availability. They have a proven track record of extending food product shelf life and inhibiting microorganism growth. Conventional preservatives are more cost-effective and readily available, allowing for large-scale manufacturing and economies of scale. Due to a change in consumer preference for natural preservatives, the clean-label market is expected to accelerate over the projected period. Clean-label preservatives derived from natural sources are more expensive to produce, source, or extract, making them less economically viable for widespread adoption by food manufacturers. Concerns about safety, efficacy, and potential changes in taste, texture, or overall product quality influence consumer acceptance of clean-label preservatives. Type Analysis & Insights Based on type, the food preservatives market is categorized into natural and synthetic food preservatives. Synthetic food preservatives dominate the market with a revenue share of 65% and are projected to grow during the forecasted period. Synthetic food preservatives prevent spoilage, extend shelf life & inhibit microbial growth more effectively than natural alternatives. They are cheaper to produce and procure due to mass-produced industrial processes, making them more attractive to food manufacturers. Synthetic preservatives are more stable, having a longer shelf life and consistent preservation effects. Synthetic preservatives are of three categories, viz. Benzoates, Propionates & Sulphites. The food preservatives market is anticipated to be dominated by the natural preservatives category during the forecasted period due to consumer demand for products with clear labels. Function Analysis & Insights Based on function type, the food preservatives market is categorized into anti-oxidants & anti-microbial preservatives. The anti-microbial segment of preservatives dominates the food preservatives market with a revenue share of 75%. Antimicrobial preservatives preserve pharmaceuticals, food, or other organic materials from decomposition or fermentation. The anti-microbial food preservatives market is poised to grow with a CAGR of 5.12% and reach 1.8 billion by 2030. Antimicrobial food preservatives are crucial for avoiding microbial spoilage, resulting in foodborne illnesses, changes in flavour, aroma, texture & shorter shelf life. Anti-microbial preservatives are the best for preserving food because they have a wide range of applications & work against both gram-positive & gram-negative bacteria, fungi & yeasts. Consumer demand for food safety has increased, increasing the need for antimicrobial food preservatives. Application Analysis & Insights Based on application, the food preservatives market is categorized into dairy products, snacks, meat & poultry products, beverages & bakery products. Meat & poultry products dominate the food preservatives market with a revenue share of 30% and are estimated to overlook the need during the forecasted period. Meat & poultry is growing with a robust CAGR of 7.9%, projected to reach $600 billion by 2030. This proliferating growth in the meat & poultry market raised the demand for the food preservatives market. Meat and meat products are essential for human nutrition and promote microbial growth. Synthetic preservatives, like nitrites, nitrates & sorbates, are widely used in the food industry to avoid contamination. However, concerns about health issues have led to a growing demand for natural substances as food preservatives. These natural preservatives inhibit spoilage microorganisms and food-borne pathogens by increasing microbial cell membrane permeability and disrupting protein synthesis and metabolism. As a result, natural/clean-label preservatives emanated from plants (such as rosemary, sage, chestnut, GSE & turmeric), animals (such as lysozyme, lactoferrin, lactoferoxidase & others) & microorganisms (such as organic acids, bacteriocins & BLIS) have been studied as possible replacements for synthetic food preservatives. Region Analysis & Insights Based on region, the North American region dominates the food preservatives market with a revenue share of 30%. The proliferating increase in the usage of food products in the North American Region is fuelling the growth of the food preservatives market. The food market is growing with a CAGR of 4.5% & is estimated at $1320 billion in 2023. The United States & Canada are the major contributors to the North American food preservatives market. 60% of the food purchased in North America has food preservatives. APAC region is the fastest-growing market for food preservatives growing, with a CAGR of 5.21%. The APAC region is witnessing rapid growth in the food preservatives market due to population growth, urbanization, and changing dietary habits. Rising disposable incomes and adopting Western lifestyles have increased the demand for processed and convenience foods, driving the use of food preservatives. In countries like China & India, the food preservatives market is dominated by synthetic preservatives due to their cost-effectiveness & availability. Food Preservatives Market Report Coverage Report Attribute Details Forecast Period 2021 - 2030 The market size value in 2021 USD 3 Billion The Revenue forecast in 2030 USD 4.65 Billion Growth rate 5 % The base year for estimation 2021 Historical data 2017 - 2020 Segments Covered Application, Label Type, Function, Region, Type Regional scope North America, Central & South America, Asia-Pacific, Middle East & Africa, Europe Key companies profiled Kerry, Cargill, Inc., Galactic S.A., Kemin Industries, Inc., Corbion N.V., ADM, Celanese Corporation, Tate & Lyle, BASF SE Food Preservatives Market Competitive Landscape Analysis The market was characterized by a sizable number of producers of synthetic preservatives. However, new players have entered the market due to the growing demand for organic preservatives. Manufacturers worldwide include Celanese Corporation, BASF SE, and ADM. The need for organic food is progressively rising due to rising health consciousness among consumers and rising readiness to pay more for high-quality goods. As a result, several natural food producers have entered the market, further escalating the rivalry. Manufacturers of natural food preservatives worldwide include Kemin Industries, Inc., Royal DSM N.V., and Galactic S.A. Leading businesses in the worldwide food preservation industry include: Kerry Cargill, Inc. Galactic S.A. Kemin Industries, Inc. Corbion N.V. ADM Celanese Corporation Tate & Lyle BASF SE Recent Developments: On October 2022, Israeli food tech startup Bountica developed a healthy alternative to chemical food preservatives by educating bacteria to create proteins that can safely preserve food without the health concerns associated with benzoates, sorbates, propionates, nitrites, and other chemicals found with food labels. The company uses precision fermentation to ferment organic matter into a tasteless powder or liquid, which is added to food in tiny amounts. This process is commonly used to develop new drugs but has never been used for food. Bountica hopes to achieve regulatory approvals soon to start selling its products to manufacturers. Unlike synthetic alternatives, the proteins they create are fully digestible and safe to consume. On November 2022, ICL Food Specialties and Protera Biosciences partnered to develop and commercialize sustainable protein-based ingredients using precision fermentation. The partnership aims to address market demands, replace chemical additives, and improve sensory properties in plant-based food applications. Protera uses Madi, a deep-learning platform, to predict and match vegetable protein structure and functionality. The platform also enables the discovery of high-performing untapped plant-based proteins, replacing texturizers, stabilizers, and preservatives. On November 2022, Prinova Europe is introducing a new plant-based antimicrobial called PlantGuard AM, which inhibits yeasts, molds, and bacteria, addressing the growing demand for natural preservatives. This proprietary blend of natural plant extracts has antioxidant properties and is effective in extending freshness and shelf life, delaying rancidity, hindering microbial growth, and conserving flavour and colour. Preservatives that are heat stable and have a neutral taste outperform synthetic alternatives in various foods and beverages. In a variety of product categories, including dairy, fish, meat, fruit, vegetables, cereals, and juices, PlantGuard AM can take the place of artificial preservatives. Prinova's technical team works with customers to select the optimal solution for their brands, and its low dose rate and cost-in-use enable economies of scale. On June 2022, Chinova Bioworks developed Chiber, a natural preservative for processed food and drink products. Chitosan, a dietary fibre obtained from white button mushrooms, prevents processed foods from microbial deterioration caused by mold. Chinova Bioworks conducted a study using accurate food models to understand the antimicrobial properties of the Chiber ingredient and determine the optimal amounts needed for a shelf life comparable to synthetic preservatives. The cost-effective solution makes Chiber an affordable solution for food and beverage processors. Chinova developed a market-ready product to replace synthetic preservatives in Canada, providing data and evidence for potential clients. Key Market Leaders Manufacture a Variety of Products, Including: Product Feature Company BactoCEASE NV Consumer-friendly BactoCEASE NV is a natural fermentation-based product that provides an alternative to chemical preservatives. It's a flavor-balanced food health and safety solution made to guard against spoilage microorganisms in meat, poultry, and processed fish items. Kemin Industries, Inc. Kemin Industries, Inc. NaturFORT The adaptable blend NaturFORT is made up of complementary rosemary & green tea extracts. They offer excellent defense while improving odor, color, and flavor. The mixtures work incredibly well in poultry and meat items, condiments, sauces, and dressings. Kemin Industries, Inc. EN-FORT Because rosemary, the plant extract, satisfies the E392 requirements, food makers can label it as an anti-oxidant using the EN-FORT product line. To provide stable & steady food of the greatest quality, EN-FORT ensures that food items preserve their freshness. Kemin Industries, Inc. Frequently Asked Question About This Report How Big is the food preservatives market? In 2021, the market for food preservatives was worth USD 3 billion. By 2030, it is anticipated to have a market value of USD 4.65 billion. What is the market growth of the food preservatives market? Throughout the predicted period, the market for food preservatives is anticipated to expand at a Compound Annual Growth Rate (CARG) of 5%. Who are the key companies in the food preservative market? Leading companies in the global market for food preservatives include: Kerry, Cargill, Inc., Galactic S.A., Kemin Industries, Inc., Corbion N.V., ADM, Celanese Corporation, Tate & Lyle, BASF SE How quickly will the U.S. food preservative market expand? With a predicted CAGR of around 5 percent over the course of the projection period, North America is anticipated to become the region with the second quickest growth. Which Region will dominate the market? In 2021, North America held a sizable market share of more than 30% and is anticipated to dominate the market throughout the projected period. 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Introduction 1.1. Study Objective 1.2. Market Definition 1.3. Study Scope 1.3.1. Markets Covered 1.3.2. Geographic Scope 1.3.3. Years Considered 1.3.4. Stakeholders 2. Research Methodology 2.1. Data Procurement 2.2. Paid Database 2.2.1. Secondary Data 2.2.1.1. Key Secondary sources 2.2.2. Primary Data 2.2.2.1 Primary sources 2.2.2.2. Key industry insights 2.2.2.3. Primary interviews with experts 2.2.2.4. Key primary respondent list 2.3. Market Size Estimation 2.4. Bottom-Up and Top-Down Approaches 2.4.1. Bottom-Up Approach 2.4.1.1. Approach for arriving at market size by bottom-up analysis 2.4.2. Top-Down Approach 2.4.2.1. Approach for Capturing Market Size by Top-Down Analysis 2.5. Market Breakdown and Data Triangulation 2.6. Research Methodology 2.7. Risk Assessment 3. Executive Summary 3.1 Food Preservatives Market: Post-Covid-19 3.1.1 Actual Scenario 3.1.2 Pessimistic Scenario 3.1.3 Optimistic Scenario 3.1.4 Market Summary 4. Industry Outlook 4.1 Market Snapshot 4.2 Food Preservatives Market 4.2.1 market, 2021 – 2030 (USD Million) 4.3 Regional Business Analysis 4.3.1 market, by region, 2021 - 2030 (USD Million) 4.4 By Label Type Business Analysis 4.4.1 market, By Label Type, 2021 - 2030 (USD Million) 4.5 By Application Business Analysis 4.5.1 market, By Application, 2021 - 2030 (USD Million) 4.6 Type Business Analysis 4.6.1 market, By Type, 2021 - 2030 (USD Million) 4.6 Function Type Business Analysis 4.6.1 market, By Function Type, 2021 - 2030 (USD Million) 4.7 Value Chain Analysis 4.8 Market Variable Analysis 4.8.1 Market Drivers Analysis 4.8.2 Market Restraints Analysis 4.9 Business Environment Analysis Tool 4.9.1 market PEST analysis 4.9.2 market Porter’s analysis 4.10 Penetration & Growth Prospect Mapping 5. Market Dynamics 5.1. Introduction 5.2. Market Dynamics 5.2.1. Drivers 5.2.2. Restraints 5.2.3. Opportunities 5.2.4. Challenges 5.3. Impact of Covid-19 On Market 5.4. Value Chain Analysis 5.5. Ecosystem 5.6. Patent Analysis 5.7. Trade Analysis 5.8. Tariff Analysis 5.9. Case Study Analysis 5.10. Porter’s Five Forces Analysis 5.10.1 Threat of New Entrants 5.10.2 Threat of Substitutes 5.10.3 Bargaining Power of Buyers 5.10.4 Bargaining Power of Suppliers 5.10.5 Degree of Competition 5.11. Function Type Analysis 5.11.1. Trends in Function Type (2014-2021) 5.11.2. Trends in Function Type (2021-2030) 5.12. Pricing Analysis 5.12.1. Average Price Trend Analysis (By Region, By Country) 6. Competitive & Vendor Landscape 6.1. Company Market Share Analysis 6.2. Manufacturers Manufacturing Sites, Area Served, Label Type 6.3. Market Competitive Situation and Trends 6.4. Manufacturers Mergers & Acquisitions, Expansion Plans 7. Market: By Label Type Segment Analysis 7.1. Introduction 7.2. Sales Volume & Revenue Analysis (2021-2030) 7.3. Conventional 7.3.1. Conventional market, 2021 - 2030 (USD Million) 7.4. Clean Label 7.4.1. Clean Label market, 2021 - 2030 (USD Million) 8. Market: By Application Segment Analysis 8.1. Introduction 8.2. Sales Volume & Revenue Analysis (2021-2030) 8.3. Dairy Products 8.3.1. Dairy Products Market, 2021 - 2030 (USD Million) 8.4. Snacks 8.4.1. Snacks market, 2021 - 2030 (USD Million) 8.5. Meat & Poultry Products 8.5.1. Meat & Poultry Products market, 2021 - 2030 (USD Million) 8.7. Bakery 8.7.1. Bakery market, 2021 - 2030 (USD Million) 8.8. Beverages 8.8.1. Beverages market, 2021 - 2030 (USD Million) 8.9. Dairy 8.9.1. Dairy market, 2021 - 2030 (USD Million) 9. Market: By Type Segment Analysis 9.1. Introduction 9.2. Sales Volume & Revenue Analysis (2021-2030) 9.3. Natural 9.3.1. Natural market, 2021 - 2030 (USD Million) 9.3.1. Rosemary Extracts market, 2021 - 2030 (USD Million) 9.3.1. Chitosan market, 2021 - 2030 (USD Million) 9.3.1. Edible Oil market, 2021 - 2030 (USD Million) 9.3.1. Vinegar market, 2021 - 2030 (USD Million) 9.3.1. natamycin market, 2021 - 2030 (USD Million) 9.3.1. Others market, 2021 - 2030 (USD Million) 9.4. Synthetic 9.4.1. Synthetic market, 2021 - 2030 (USD Million) 9.4.1. Benzoates market, 2021 - 2030 (USD Million) 9.4.1. Sorbates market, 2021 - 2030 (USD Million) 9.4.1. Propionates market, 2021 - 2030 (USD Million) 9.4.1. Others market, 2021 - 2030 (USD Million) 10. Market: By Function Type Segment Analysis 10.1. Introduction 10.2. Sales Volume & Revenue Analysis (2021-2030) 10.3. Anti-oxidant 10.3.1. Anti-oxidant market, 2021 - 2030 (USD Million) 10.4. Anti-microbial 10.4.1. Anti-microbial market, 2021 - 2030 (USD Million) 10.5. Others 10.5.1. Others market, 2021 - 2030 (USD Million) 11. Market: Regional Outlook 11.1 North America 11.1.1. North America market, By Label Type, 2021 - 2030 (USD Million) 11.1.2. North America market, By Application, 2021 - 2030 (USD Million) 11.1.3. North America market, by Function Type, 2021 - 2030 (USD Million) 11.1.4. North America market, by Country, 2021 - 2030 (USD Million) 11.1.4.1. U.S. 11.1.4.1.1. U.S. market, By Label Type, 2021 - 2030 (USD Million) 11.1.4.1.2. U.S. market, By Application, 2021 - 2030 (USD Million) 11.1.4.1.3. U.S. market, by Function Type, 2021 - 2030 (USD Million) 11.1.4.2. Canada 11.1.4.2.1. Canada market, By Label Type, 2021 - 2030 (USD Million) 11.1.4.2.2. Canada market, By Application, 2021 - 2030 (USD Million) 11.1.4.2.3. Canada market, by Function Type, 2021 - 2030 (USD Million) 11.2. Europe 11.2.1. Europe market, By Label Type, 2021 - 2030 (USD Million) 11.2.2. Europe market, By Application, 2021 - 2030 (USD Million) 11.2.3. Europe market, by Function Type, 2021 - 2030 (USD Million) 11.2.4. Europe market, by country, 2021 - 2030 (USD Million) 11.2.4.1 U.K. 11.2.4.1.1. U.K. market, By Label Type, 2021 - 2030 (USD Million) 11.2.4.1.2. U.K. market, By Application, 2021 - 2030 (USD Million) 11.2.4.1.3. U.K. market, by Function Type, 2021 - 2030 (USD Million) 11.2.4.2. Germany 11.2.4.2.1. Germany market, By Label Type, 2021 - 2030 (USD Million) 11.2.4.2.2. Germany market, By Application, 2021 - 2030 (USD Million) 11.2.4.2.3. Germany market, by Function Type, 2021 - 2030 (USD Million) 11.2.4.3. France 11.2.4.3.1. France market, By Label Type, 2021 - 2030 (USD Million) 11.2.4.3.2. France market, By Application, 2021 - 2030 (USD Million) 11.2.4.3.3. France market, by Function Type, 2021 - 2030 (USD Million) 11.2.4.4. Rest of Europe 11.2.4.4.1. Rest of Europe market, By Label Type, 2021 - 2030 (USD Million) 11.2.4.4.2. Rest of Europe market, By Application, 2021 - 2030 (USD Million) 11.2.4.4.3. Rest of Europe market, by Function Type, 2021 - 2030 (USD Million) 11.3. Asia Pacific 11.3.1. Asia Pacific market, By Label Type, 2021 - 2030 (USD Million) 11.3.2. Asia Pacific market, By Application, 2021 - 2030 (USD Million) 11.3.3. Asia Pacific market, by Function Type, 2021 - 2030 (USD Million) 11.3.4. Asia Pacific market, by country, 2021 - 2030 (USD Million) 11.3.4.1. China 11.3.4.1.1. China market, By Label Type, 2021 - 2030 (USD Million) 11.3.4.1.2. China market, By Application, 2021 - 2030 (USD Million) 11.3.4.1.3. China market, by Function Type, 2021 - 2030 (USD Million) 11.3.4.2. India 11.3.4.2.1. India market, By Label Type, 2021 - 2030 (USD Million) 11.3.4.2.2. India market, By Application, 2021 - 2030 (USD Million) 11.3.4.2.3. India market, by Function Type, 2021 - 2030 (USD Million) 11.3.4.3. Japan 11.3.4.3.1. Japan market, By Label Type, 2021 - 2030 (USD Million) 11.3.4.3.2. Japan market, By Application, 2021 - 2030 (USD Million) 11.3.4.3.3. Japan market, by Function Type, 2021 - 2030 (USD Million) 11.3.4.4. South Korea 11.3.4.4.1. South Korea market, By Label Type, 2021 - 2030 (USD Million) 11.3.4.4.2. South Korea market, By Application, 2021 - 2030 (USD Million) 11.3.4.4.3. South Korea market, by Function Type, 2021 - 2030 (USD Million) 11.3.4.5. Rest of ASIA PACIFIC 11.3.4.5.1. Rest of ASIA PACIFIC market, By Label Type, 2021 - 2030 (USD Million) 11.3.4.5.2. Rest of ASIA PACIFIC market, By Application, 2021 - 2030 (USD Million) 11.3.4.5.3. Rest of ASIA PACIFIC market, by Function Type, 2021 - 2030 (USD Million) 11.4. Latin America 11.4.1. Latin America market, By Label Type, 2021 - 2030 (USD Million) 11.4.2. Latin America market, By Application, 2021 - 2030 (USD Million) 11.4.3. Latin America market, by Function Type, 2021 - 2030 (USD Million) 11.4.4. Latin America market, by country, 2021 - 2030 (USD Million) 11.4.4.1. Brazil 11.4.4.1.1. Brazil market, By Label Type, 2021 - 2030 (USD Million) 11.4.4.1.2. Brazil market, By Application, 2021 - 2030 (USD Million) 11.4.4.1.3. Brazil market, by Function Type, 2021 - 2030 (USD Million) 11.4.4.2. Mexico 11.4.4.2.1. Mexico market, By Label Type, 2021 - 2030 (USD Million) 11.4.4.2.2. Mexico market, By Application, 2021 - 2030 (USD Million) 11.4.4.2.3. Mexico market, by Function Type, 2021 - 2030 (USD Million) 11.4.4.3. Rest of Latin America 11.4.4.3.1. Rest of the Latin America market, By Label Type, 2021 - 2030 (USD Million) 11.4.4.3.2. Rest of the Latin America market, By Application, 2021 - 2030 (USD Million) 11.4.4.3.3. Rest of the Latin America market, by Function Type, 2021 - 2030 (USD Million) 11.5. MEA 11.5.1. MEA market, By Label Type, 2021 - 2030 (USD Million) 11.5.2. MEA market, By Application, 2021 - 2030 (USD Million) 11.5.3. MEA market, by Function Type, 2021 - 2030 (USD Million) 11.5.4. MEA market, by region, 2021 - 2030 (USD Million) 12. Competitive Landscape 12.1 KERRY 12.1.1. Company overview 12.1.2. Financial performance 12.1.3. Label Type Portfolio Analysis 12.1.4. Business Strategy & Recent Development 12.2. Cargill, Inc. 12.2.1. Company overview 12.2.2. Financial performance 12.2.3. Label Type Portfolio Analysis 12.2.4. Business Strategy & Recent Development 12.3. Galactic S.A. 12.3.1. Company overview 12.3.2. Financial performance 12.3.3. Label Type Portfolio Analysis 12.3.4. Business Strategy & Recent Development 12.4. Kemin Industries, Inc. 12.4.1. Company overview 12.4.2. Financial performance 12.4.3. Label Type Portfolio Analysis 12.4.4. Business Strategy & Recent Development 12.5. Corbion N.V. 12.5.1. Company overview 12.5.2. Financial performance 12.5.3. Label Type Portfolio Analysis 12.5.4. Business Strategy & Recent Development 12.6. ADM 12.6.1. Company overview 12.6.2. Financial performance 12.6.3. Label Type Portfolio Analysis 12.6.4. Business Strategy & Recent Development 12.7. Celanese Corporation 12.7.1. Company overview 12.7.2. Financial performance 12.7.3. Label Type Portfolio Analysis 12.7.4. Business Strategy & Recent Development 12.8. Tate & Lyle 12.8.1. Company overview 12.8.2. Financial performance 12.8.3. Label Type Portfolio Analysis 12.8.4. Business Strategy & Recent Development 12.9. BASF SE 12.9.1. Company overview 12.9.2. Financial performance 12.9.3. Label Type Portfolio Analysis 12.9.4. Business Strategy & Recent Development List of Tables (52 Tables) TABLE 1. MARKET, By Label Type, 2021-2030 (USD Million) TABLE 2. MARKET FOR Conventional, BY REGION, 2021-2030 (USD Million) TABLE 3. MARKET FOR Clean Label, BY REGION, 2021-2030 (USD Million) TABLE 4. MARKET, By Application, 2021-2030 (USD Million) TABLE 5. MARKET FOR Dairy Products, BY REGION, 2021-2030 (USD Million) TABLE 6. MARKET FOR Snacks, BY REGION, 2021-2030 (USD Million) TABLE 7. MARKET FOR Meat & Poultry Products, BY REGION, 2021-2030 (USD Million) TABLE 8. MARKET FOR Bakery, BY REGION, 2021-2030 (USD Million) TABLE 9. MARKET FOR Beverages, BY REGION, 2021-2030 (USD Million) TABLE 10. MARKET FOR Others, BY REGION, 2021-2030 (USD Million) TABLE 11. MARKET, BY FUNCTION TYPE, 2021-2030 (USD Million) TABLE 12. MARKET FOR Anti-oxidant, BY REGION, 2021-2030 (USD Million) TABLE 13. MARKET FOR Anti-microbial, BY REGION, 2021-2030 (USD Million) TABLE 14. MARKET FOR Others, BY REGION, 2021-2030 (USD Million) TABLE 15. MARKET, By Type, 2021-2030 (USD Million) TABLE 16. MARKET FOR Natural, BY REGION, 2021-2030 (USD Million) TABLE 17. MARKET FOR Synthetic, BY REGION, 2021-2030 (USD Million) TABLE 18. MARKET, BY REGION, 2021-2030 (USD Million) TABLE 19. NORTH AMERICA MARKET, BY COUNTRY, 2021-2030 (USD Million) TABLE 20. NORTH AMERICA MARKET, By Label Type, 2021-2030 (USD Million) TABLE 21. NORTH AMERICA MARKET, By Application, 2021-2030 (USD Million) TABLE 22. NORTH AMERICA MARKET, BY FUNCTION TYPE, 2021-2030 (USD Million) TABLE 23. EUROPE MARKET, BY COUNTRY, 2021-2030 (USD Million) TABLE 24. EUROPE MARKET, By Label Type, 2021-2030 (USD Million) TABLE 25. EUROPE MARKET, By Application, 2021-2030 (USD Million) TABLE 26. EUROPE MARKET, BY FUNCTION TYPE, 2021-2030 (USD Million) TABLE 27. ASIA-PACIFIC MARKET, BY COUNTRY, 2021-2030 (USD Million) TABLE 28. ASIA-PACIFIC MARKET, By Label Type, 2021-2030 (USD Million) TABLE 29. ASIA-PACIFIC MARKET, By Application, 2021-2030 (USD Million) TABLE 30. ASIA-PACIFIC MARKET, BY FUNCTION TYPE, 2021-2030 (USD Million) TABLE 31. LAMEA MARKET, BY COUNTRY, 2021-2030 (USD Million) TABLE 32. LAMEA MARKET, By Label Type, 2021-2030 (USD Million) TABLE 33. LAMEA MARKET, By Type, 2021-2030 (USD Million) TABLE 34. LAMEA MARKET, BY FUNCTION TYPE, 2021-2030 (USD Million) TABLE 35. KERRY: COMPANY SNAPSHOT TABLE 36. KERRY: OPERATING SEGMENTS TABLE 37. Cargill, Inc.: COMPANY SNAPSHOT TABLE 38. Cargill, Inc.: OPERATING SEGMENTS TABLE 39. Galactic S.A.: COMPANY SNAPSHOT TABLE 40. Galactic S.A.: OPERATING SEGMENTS TABLE 41. Kemin Industries, Inc.: COMPANY SNAPSHOT TABLE 42. Kemin Industries, Inc.: OPERATING SEGMENTS TABLE 43. Corbion N.V.: COMPANY SNAPSHOT TABLE 44. Corbion N.V.: OPERATING SEGMENTS TABLE 45. ADM: COMPANY SNAPSHOT TABLE 46. ADM: OPERATING SEGMENTS TABLE 47. Celanese Corporation: COMPANY SNAPSHOT TABLE 48. Celanese Corporation: OPERATING SEGMENTS TABLE 49. Tate & Lyle: COMPANY SNAPSHOT TABLE 50. Tate & Lyle: OPERATING SEGMENTS TABLE 51. BASF SE: COMPANY SNAPSHOT TABLE 52. BASF SE: OPERATING SEGMENTS List of Figures (22 Figures) Figure 1 Market: Research Methodology Steps Figure 2 Research Design Figure 3 Breakdown of Primaries: Market Figure 4 Research Methodology: Hypothesis Building Figure 5 Market: Label Type-Based Estimation Figure 6 Top 9 Companies with Highest No. Of Patent in Last 9 Years Figure 7 No. Of Patents Granted Per Year, 2019–2021 Figure 8 Import Data for Food Preservatives, By Country, 2016–2021 (USD Thousand) Figure 9 Export Data for Food Preservatives, By Country, 2016–2021 (USD Thousand) Figure 10 Data Triangulation Methodology Figure 11 Market, By Application, 2019 vs. 2025 (USD Million) Figure 12 Market Share, By Function Type, 2019 vs. 2025 (USD Million) Figure 13 Market Share, By Label Type, 2019 vs. 2025 (USD Million) Figure 14 Market Share, By Type, 2019 vs. 2025 (USD Million) Figure 15 Geographical Snapshot of the Market Figure 16 Clean Label to Witness Higher CAGR in the Market for Label Type Segment During the Forecast Period. Figure 17 Synthetic to Witness Higher CAGR in the Market for Type Segment During the Forecast Period. Figure 18 Meat & Poultry Products to Witness Higher CAGR in Market for Application Segment during the Forecast Period. Figure 19 North America for the Largest Share of the Market, By Regional Basis, in 2019 Figure 20 Market: Drivers, Restraints, Opportunities, and Challenges Figure 21 North America: Market Snapshot Figure 22 Asia Pacific: Market Snapshot Figure 23 Vendor Dive: Evaluation Overview