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Natural Food Preservatives Market Size
- Report ID: GMI7078
- Published Date: Oct 2023
- Report Format: PDF
Natural Food Preservatives Market Size
Natural Food Preservatives Market size was valued at USD 898.45 million in 2022 and is estimated to grow at 4.5% CAGR from 2023 to 2032. The rising consumer awareness of the health issues associated with synthetic preservatives has considerably fueled revenue growth in the market. Natural food preservatives are in high demand as customers grow more health-conscious and seek clean label products.
The negative connotations associated with synthetic chemicals, such as allergies and potential long-term health impacts, have resulted in a desire for natural alternatives. This growing awareness of health hazards is influencing consumer preferences as well as industry trends, with food producers increasingly turning to natural preservatives to suit the rising need for safer and healthier food options.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Natural Food Preservatives Market Size in 2022: | USD 898.45 Million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 4.5% |
| 2032 Value Projection: | USD 1.39 Billion |
| Historical Data for: | 2018 – 2022 |
| No. of Pages: | 180 |
| Tables, Charts & Figures: | 293 |
| Segments covered: | product type, function, application, and form |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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One of the major issues hindering the growth of the natural food preservatives market is high production costs. Natural preservatives are sometimes more expensive to manufacture than synthetic preservatives. This is because natural food preservatives are derived from renewable resources, which are frequently more expensive than the petrochemicals used to produce synthetic preservatives. Furthermore, extensive quality control and testing methods are necessary to verify the safety and efficiency of these natural preservatives, raising production costs.
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Natural Food Preservatives Market Scope
