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Food Preservatives Market OverviewFood preservatives play a crucial role in the food industry by extending the shelf life of products, preventing spoilage, and maintaining the quality and safety of food. The market for food preservatives has been driven by various factors, including the growing demand for convenience foods, changing consumer lifestyles, and the need for food safety and security.Key Drivers:

1. Increasing Demand for Processed Foods: The rise in demand for processed and convenience foods has driven the need for effective preservatives to maintain the freshness and quality of these products over an extended period.
2. Globalization of Food Supply Chains: As the food supply chains become more globalized, there is an increased need for preservatives to ensure that products remain safe and suitable for consumption during transportation and storage.
3. Consumer Awareness: Growing consumer awareness about food safety and the desire for natural and clean-label products have influenced the demand for preservatives derived from natural sources.

Food Preservatives Market Trends

1. Natural Preservatives: There is a growing trend toward using natural preservatives, such as plant extracts and essential oils, to meet consumer preferences for clean-label products.
2. Innovation and Research: Ongoing research and development efforts are focused on finding new and improved preservatives with enhanced effectiveness and minimal impact on the sensory qualities of food.
3. Global Market Growth: The food preservatives market has witnessed significant growth globally, with Asia-Pacific, North America, and Europe being key regions for market expansion.

Synthetic preservatives by type are estimated to account for the largest market share of the food preservatives marketBased by type, synthetic preservatives are estimated to account for the largest market share. Factors responsible for the wide-scale popularity of synthetic preservatives in the food preservatives market include their large-scale commercialization, easy availability, proven efficacy and cost-effectiveness. Less R&D investment, and low regulatory norms in the emerging Asia-Pacific economies is also contributing significantly in the large market share of synthetic preservatives.

Food Preservatives Market Forecast

The global food preservatives market is anticipated to reach $3.4 billion in 2023 and $3.9 billion by the end of 2028 at a CAGR of 3.0%.The food preservatives industry is bound to rise with high demand for processed food, the rise in meat consumption, and rising demand for products with an extended shelf life. New innovations are taking place in the natural preservatives segment owing to the rise in demand for clean-labeled ingredients in the European and North American market. This is also fueling the overall growth of the industry.

North America is projected to be the largest region in the food preservatives market, in 2022; it is anticipated to grow at a significant CAGR

North America has always been an attractive and huge market for processed food industries due to large consumption of packaged and ready-to-eat foods. It is also among the biggest exporters of meat and meat products. These food products need incorporation of food preservatives which are responsible for their longer shelf-life. As a result with high demand for meat exports and processed food, the demand for food preservatives in the region is high. Moreover, North America has a well established food & beverage industry with the presence of leading players such as PepsiCo (US), McCain Foods Limited(Canada), Tyson Foods (US), among others. 

Pet Food Ingredients Market Overview 

The pet food ingredients market is a dynamic and growing industry that reflects trends in pet ownership, humanization of pets, and a focus on pet health and wellness. The fast adoption of pets, as well as rising and emerging concern about their health and well-being, are predicted to fuel the increasing need for pet food ingredients. Pet food ingredients are included in pet food products to enhance their nutritional content and enable pet animals to meet their nutritional requirements of proteins, carbohydrates, fats, vitamins, minerals, and water. 

They cater to a range of pet animals such as dogs, cats, fish and other pets such as rabbits, birds, and horses. Pet food ingredients are also gaining significant traction in the industry with the increasing consciousness regarding pet nutrition among owners and the rising pet humanization trend which has contributed towards increased spending on health-focused pet food ingredients. Pet food ingredients support the growth and development of pet animals, provide a rich source of vitamins and minerals that the pet animals cannot make in their bodies and also enhance the palatability of pet animals due to which they are in significant demand among the pet owners. Furthermore, the increasing pet adoption rates around the world and technological advancements, that have significantly contributed towards the enhancement of quality and shelf life of pet food ingredients in recent years, are likely to present significant business opportunities for pet food ingredients market over the forecasted period. 

From 2022 to 2027, the global pet food ingredients market size is expected to rise at a remarkable compound annual growth rate (CAGR) of 6.7%. This rising trend is expected to boost market value from $32.2 billion in 2022 to $44.5 billion by the end of 2027. 

The dog segment is projected to account for the largest market share in the pet food ingredients market 

Based on pets, the dogs segment is projected to account for the largest pet food ingredients market share. Dogs are the most popular pets, with a healthy adoption rate globally. A wide variety of pet food ingredients composed of plant derivatives and animal-based ingredients are needed to meet the nutritional requirements of dogs. Pet food ingredients such as colors and flavors are also used extensively in dog food products to enhance their palatability and feed intake. The high applicability of pet food ingredients in dog food is expected to drive the growth of this segment. 

Pet Food Ingredients Market Trends: Premiumization and Humanization of Pet Food: Pet owners are increasingly seeking high-quality and premium ingredients for their pets, mirroring trends in human food consumption. There's a growing demand for natural, organic, and functional ingredients in pet food. Health and Wellness: Consumers are becoming more aware of the importance of nutrition in their pets' overall health. Ingredients that promote specific health benefits, such as joint health, skin and coat health, and weight management, are in high demand. Protein Sources: There's a focus on high-quality protein sources, with an emphasis on animal proteins. Alternative protein sources, such as insect-based proteins and plant-based proteins, are gaining attention. Clean Label and Transparency: Pet owners are increasingly looking for transparent and easily understandable ingredient lists. Clean label trends, which include avoiding artificial additives and preservatives, are influencing pet food formulations. Sustainability: Sustainable and ethically sourced ingredients are becoming more important to environmentally conscious consumers. This includes considerations for the sourcing of meat, fish, and other ingredients. Grain-Free and Limited Ingredient Diets: Some pet owners are opting for grain-free diets for their pets. Limited-ingredient diets are gaining popularity, especially for pets with food sensitivities or allergies. Online Retail and E-commerce: The rise of online shopping for pet products has impacted the distribution and marketing of pet food ingredients. The pet food ingredients industry was expanding at the quickest rate in Asia Pacific. The growing number of pets and the rising demand for pet food are driving the pet food ingredients market in Asia Pacific. Pet ownership is common in developing nations like China and India. The adoption of pet animals in the region has also been aided by factors including developing economies, an expanding middle class, and increased public understanding of animal health and welfare. 

Key Players in the Global Pet Food Ingredients Market Key players in this market include BASF SE (Germany), Darling Ingredients Inc. (US), Cargill (US), Ingredion (US), DSM (Netherlands), Omega Protein Corporation (US), ADM (US), Kemin Industries, Inc. (US), Chr. Hansen Holding A/S (Denmark) and Roquette Frères (France). 

By form, the wet segment is projected to witness a significant growth rate during the forecast period. 

Based on form, wet pet food ingredients account for the second-fastest growing segment in the pet food ingredients market. The wet pet food ingredients offer enhanced palatability of pet food products and thus have a high acceptability rate among pet animals. Wet pet food ingredients are also effective in enhancing the overall shelf-life of pet food products, due to the presence of a significant number of antioxidants and preservatives, which contributes to their demand and pet food ingredients market growth. 

Key Questions Addressed by Pet Food Ingredients Market Report: 

Is the pet food business profitable? 

What are the major revenue pockets in the pet food ingredients industry currently? 

Are there any challenges affecting this industry, as per the pet food ingredients market forecasts?

Pea Protein Market Overview

The pea protein market size is expected to grow rapidly, with a CAGR of 11.9% reaching $2.9 billion by 2027. The industry’s rising understanding of the benefits of pea protein is estimated to be valued at $1.7 billion in 2022.This exponential growth can be attributed to the increasing demand for plant-based protein sources and the recognition of pea protein as a sustainable and nutritious alternative. As consumers continue to prioritize healthy and environmentally conscious food choices, the market is poised for continued success, presenting exciting opportunities for businesses and investors. Consumers are getting increasingly aware of the benefits of nutritional and health products. 

The usage of pea proteins has rapidly evolved in the past years, which has contributed significantly to the food & beverage, pet food, feed, textile, and pharmaceutical industrial applications. Furthermore, the rise in vegan population, popularity of plant-based foods and gluten-free products and nutritional benefits of pea-based products are key factors that are projected to drive the pea protein industry growth during the forecast period.Isolates accounted for the largest pea protein market share of the European market in 2021

Several factors contributed to the pea protein market growth:

Rising Demand for Plant-Based Proteins: With the increasing awareness of health and sustainability, many consumers were shifting towards plant-based diets. Pea protein emerged as a popular choice due to its nutritional profile and versatility.Health and Wellness Trends: The demand for healthier food options and products with clean labels led to the incorporation of pea protein in various food and beverage products. It is often used in protein bars, shakes, plant-based meat alternatives, and other nutritional supplements.Allergen-Free Nature: Pea protein is free from common allergens like soy and dairy, making it suitable for individuals with allergies or dietary restrictions.Sustainability: Peas are nitrogen-fixing plants that can enhance soil fertility, making them a more sustainable protein source compared to animal-based alternatives.Functional Properties: Pea protein is known for its functional properties, including emulsification and foaming, which make it suitable for a wide range of food applications.Investments and Collaborations: Many companies were investing in research and development to improve the taste and texture of pea protein products. Additionally, partnerships and collaborations between food manufacturers and pea protein suppliers were common to meet the increasing demand.

Market Opportunity

Pea protein has excellent emulsification properties, binding both fat and water for a stable emulsion. This is beneficial for egg replacement and is demonstrated well in Hampton Creek’s Just Mayo, replacing the eggs with pea protein to make a vegan ‘mayonnaise.’ It is also helpful in reducing the fat content of salad dressings, with little impact on mouthfeel or flavor. Beyond Meat uses pea protein for producing meat alternatives, lending a chewy, meat-like texture to their products. It can also be used in ground beef products to act as a binder, increasing the cooking yield of meats.

Yellow split peas dominate the global pea protein market during the forecast period.

Yellow split peas are one of the most popular pea sources among product manufacturers. This is due to peas’ functionality and adaptability to different product types, which is driving demand for yellow split peas in a variety of products such as plant-based meat, beverages, functional foods, and performance nutrition. Yellow split peas’ high protein content makes them ideal for producing pea protein isolates.The key players in this market include Rouquette Freres (France), DuPont (US), Glanbia PLC (Ireland), Kerry (Ireland), Ingredion (US), Puris (US), Emsland Group (Germany), Yantai Shuangta Foods Co., Ltd (China), The Scoular Company (US), Burcon (Canada), Shandong Jianyuan Group (China), ET-Chem (China), AGT Food and Ingredients (Canada), The Green Labs LLC. (US), and Axiom Foods, Inc. (US). These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

Key Questions Addressed by Pea Protein Market Report–What are the major revenue pockets in the pea protein market currently?

Why is pea protein popular?

What are the pea protein market trends?

What is the pea protein market forecast in the North American region?

Food Preservatives Market Overview

The food preservatives market was experiencing growth due to various factors such as the increasing demand for processed and convenience foods, changing consumer lifestyles, and a growing awareness of food safety. The global food preservatives market size is anticipated to reach $3.4 billion in 2023 and $3.9 billion by the end of 2028 at a CAGR of 3.0%. Food preservatives are substances added to food products to prevent spoilage, decay, and bacterial growth, thereby extending their shelf life. They play a crucial role in maintaining the quality, freshness, and safety of food products. The food preservatives industry is bound to rise with high demand for processed food, the rise in meat consumption, and rising demand for products with an extended shelf life. New innovations are taking place in the natural preservatives segment owing to the rise in demand for clean-labeled ingredients in the European and North American market. This is also fueling the overall food preservatives market growth.

Food Preservatives Market Trends

Rising Demand for Processed Foods: The increasing consumption of processed and convenience foods, particularly in urban areas, has been a significant driver for the food preservatives market. Consumers are looking for foods with extended shelf life and minimal spoilage.

Growing Awareness of Food Safety: With a heightened awareness of foodborne illnesses and the importance of food safety, consumers and food manufacturers are increasingly focusing on incorporating effective preservatives to ensure the safety and quality of food products.

Natural and Clean Label Preservatives: There is a growing preference for natural and clean label products. As a result, food manufacturers are exploring and incorporating natural preservatives such as plant extracts, antioxidants, and organic acids.

Technological Advancements: Ongoing research and development in food technology have led to the discovery of new and more effective preservatives. Advanced preservative technologies, such as antimicrobial packaging, are also gaining traction in the market.

Stringent Regulations: Regulatory bodies around the world are implementing and enforcing stringent regulations related to food safety and the use of food additives, including preservatives. This has led to the development of safer and more environmentally friendly preservatives.

Globalization of the Food Supply Chain: The globalization of the food supply chain has increased the need for effective preservation methods to ensure that food products remain safe and viable during transportation and storage across long distances.

Synthetic preservatives by type are estimated to account for the largest market share of the food preservatives market

Based by type, synthetic preservatives are estimated to account for the largest food preservatives market share. Factors responsible for the wide-scale popularity of synthetic preservatives in the food preservatives industry include their large-scale commercialization, easy availability, proven efficacy and cost-effectiveness. Less R&D investment, and low regulatory norms in the emerging Asia-Pacific economies is also contributing significantly in the large market share of synthetic preservatives.

Key Market Players in the Global Food Preservatives Market

The key players in this market include Cargill, Incorporated (US), Kerry Group plc (Ireland), ADM (US), DSM (Netherlands), and, Kemin Industries Inc. (US).

North America is projected to be the largest region in the global food preservatives market, in 2022; it is anticipated to grow at a significant CAGR

North America has always been an attractive and huge market for processed food industries due to large consumption of packaged and ready-to-eat foods. It is also among the biggest exporters of meat and meat products. These food products need incorporation of food preservatives which are responsible for their longer shelf-life. As a result with high demand for meat exports and processed food, the demand for food preservatives in the region is high. Moreover, North America has a well established food & beverage industry with the presence of leading players such as PepsiCo (US), McCain Foods Limited(Canada), Tyson Foods (US), among others.The most recent iteration of the food preservatives market report offers insightful information and statistics to support stakeholders and industry participants in making wise choices and staying one step ahead of the competition. Among other important elements, the research offers insightful information about the market through comprehensive case studies, trade statistics, technological evaluations, and updated legislation. In order to paint a thorough picture of the competition landscape, the research also covers current financials, latest advancements, and product offerings of various competitors active in the market.In addition, an analysis of the COVID-19 pandemic’s effects on the market is included in the research, accounting for the most recent information and data regarding the outbreak.

Food Safety Testing Market Overview

Food safety testing is crucial to ensure the quality and safety of food products consumed by the public. It involves the analysis of food products for contaminants, pathogens, toxins, and other potential hazards. Ensuring the safety and quality of the food we eat is greatly aided by the food safety testing industry. This industry is crucial to preserving public health because of its capacity to identify and remove dangerous pollutants, diseases, and toxins from food products. The market for food safety testing is expected to expand significantly due to increased public awareness about food contamination and food-borne illnesses as well as technological developments in testing. With a CAGR of 8.1%, the food safety testing market size is projected to witness a substantial rise in its market value, from US$ 21.1 billion in 2022 to US$ 31.1 billion by 2027

Key factors contributing to the food safety testing market growth include:

Stringent Regulations: Increasing regulatory requirements and standards related to food safety drive the demand for testing services. Governments and international bodies have implemented strict regulations to ensure the safety and quality of food products.

Globalization of Food Supply Chains: With the globalization of food supply chains, there is a growing need for testing to ensure that products meet the required safety standards across different countries and regions.US accounted for the largest food safety testing market share in 2021.

Consumer Awareness: Rising consumer awareness regarding food safety issues and a preference for safe and high-quality food products have led to increased demand for testing services.

Technological Advancements: Advances in technology, such as the development of rapid testing methods and innovative technologies like molecular diagnostics, contribute to the efficiency and accuracy of food safety testing.

Increasing Incidence of Foodborne Illnesses: The occurrence of foodborne illnesses and outbreaks emphasizes the importance of effective testing to identify and prevent the spread of pathogens and contaminants in the food supply chain.

Industry Collaboration: Collaboration between governments, regulatory bodies, and industry players is fostering the development and adoption of standardized testing methods.

Key Questions Addressed by the Food Safety Testing Market Report:

What are the food safety testing market trends?

What are the key development strategies undertaken by companies in the global food safety testing market?

What is the food safety testing market forecast in the APAC region?

Key Companies Include:

The key players in this market include Corteva Agriscience (US), BASF (Germany), Bayer (Germany), and Syngenta (Switzerland). Some emerging players in the global food safety testing market include Nufarm (Australia), ADAMA (Israel), Arysta LifeScience (US), Drexel Chemical Company (US), Winfield United (US), Sipcam-Oxon (Italy), Helm AG (Germany), Tenkoz (US), Rainbow Agro (China), and Helena Agri Enterprise (US). These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.The processed food, by food tested segment, is projected to account for the second largest market share in the Food safety testing market during the forecast period.The increase in consumption of processed food in the form of convenience food, both in developing and developed countries, is creating a significant opportunity for convenience food testing. Ready-to-eat or minimally processed foodstuffs of plant and animal origins have become very popular among consumers. This is mainly because of their fast-paced lifestyle, changing tastes and preferences, and modernization of food technologies.

Lactic Acid and Polylactic Acid Market Overview 
Lactic acid is an organic acid that can be produced through fermentation or chemical synthesis. It has various applications, including food and beverages, pharmaceuticals, personal care products, and industrial uses. The demand for lactic acid has been increasing due to its biodegradability and versatility. Polylactic Acid (PLA) is a biodegradable and bioactive thermoplastic made from renewable resources, such as corn starch or sugarcane. It has gained popularity as an eco-friendly alternative to traditional plastics. PLA is used in packaging, textiles, medical implants, and various other applications.
The global Lactic Acid and Polylactic Acid Market size was valued at USD 1.6 billion and USD 1.3 billion in 2023 and are anticipated to grow at CAGRs of 12.4% and 17.7%, respectively, between 2023 and 2028, attributed to the growing revenue of $2.8 billion and $2.9 billion by 2028. The base year for estimation is 2022, and the historical data spans from 2023 to 2028.

Lactic Acid and Polylactic Acid Market Trends and Drivers:

Growing Awareness of Sustainability: Increased awareness of environmental issues has led to a growing demand for sustainable and eco-friendly products. PLA, being derived from renewable resources, fits well into this trend.
Regulatory Support: Governments and regulatory bodies in various regions are increasingly supporting the use of bio-based and biodegradable materials. This support can positively impact the lactic acid and PLA market.
Bioplastics Market Growth: The overall bioplastics market, in which PLA is a significant player, has been experiencing growth. Consumer preferences for environmentally friendly products are contributing to this expansion.
End-User Industries: The food and beverage industry is a major consumer of lactic acid, while PLA is used in packaging, disposable cutlery, and other applications. The growth of these end-user industries influences the demand for lactic acid and PLA.
Technological Advancements: Ongoing research and development in the field of biotechnology and green chemistry may lead to more efficient and cost-effective production methods for lactic acid and PLA, impacting market dynamics.
The North America market is projected to contribute the largest lactic acid market share.
One of the biggest producers of sugar in the world is the United States. Unlike those of most other producers, the sugarcane and sugarbeet industries in the United States are both substantial and well-established. Since the mid-2000s, between 40 and 45% of the country's total sugar production has come from sugarcane, and between 55 and 60% has come from sugarbeets. A large investment in new processing machinery, the adoption of new technology, the use of superior crop varieties, and an expansion of the area (since sugar crops are more expensive than other crops) are all responsible for the increasing output. A rise in sugarcane production also implies the availability of sugarcane bagasse, which serves as a source of raw materials for the synthesis of lactic acid. With the increasing awareness and adoption of lactic acid-based solutions, North America is poised for continued lactic acid market growth, catering to the evolving needs of various industries and driving the shift towards more sustainable practices.
Lactic Acid and Polylactic Acid Industry Players
Corbion (Netherlands), Cargill, Incorporated (US), Galactic (Belgium), Unitika Ltd (Japan), Henan Jindan lactic acid Technology Co., Ltd. (China), TORAY INDUSTRIES, INC. (Japan), and Sulzer Ltd (China). are among the key players in the global food antioxidant market. To increase their company's revenues and market shares, companies are focusing on launching new products, developing partnerships, and expanding their production facilities. The key strategies used by companies in the lactic acid market include geographical expansion to tap the potential of emerging economies, strategic acquisitions to gain a foothold over the extensive supply chain, and new product launches as a result of extensive research and development (R&D) initiatives.

Key Questions Addressed by Lactic Acid and Polylactic Acid Market Report
How big is the Lactic Acid and Polylactic Acid Industry?What is Lactic Acid and Polylactic Acid Market growth rate?What are the key trends affecting the global Lactic Acid and Polylactic Acid Market?Who will be the leading hub for Lactic Acid and Polylactic Acid Market?Are there any challenges affecting this industry, as per the Lactic Acid and Polylactic Acid Market forecasts?

Feed Additives Market Overview

Feed additives are substances added to animal feed to enhance its nutritional value, improve the quality of the feed, and promote the health and performance of livestock. These additives can include vitamins, minerals, amino acids, enzymes, probiotics, prebiotics, and other compounds. The key factors driving the growth of the feed additives market include the increasing demand for meat and animal products, rising awareness about animal health and nutrition, and a growing focus on animal welfare. The global feed additives market size is estimated to be valued at USD 42.2 billion in 2023 and is projected to reach USD 55.8 billion by 2028, at a CAGR of 5.8% from 2023 to 2028.

Feed Additives Market Trends

Rising Meat Consumption: The increasing global population and changing dietary preferences have led to a rise in meat consumption. This has driven the demand for feed additives to enhance the efficiency of animal production and improve the quality of meat.

Animal Health and Welfare: Consumers and producers alike have become more conscious of animal health and welfare. Feed additives play a crucial role in maintaining the health and well-being of livestock, contributing to disease prevention and overall performance.

Regulatory Changes: Stringent regulations and guidelines regarding the use of certain feed additives, especially antibiotics, have influenced the market. There has been a growing emphasis on alternatives to traditional antibiotics, such as probiotics and phytogenics.

Technological Advancements: Ongoing research and technological advancements have led to the development of innovative feed additives aimed at improving feed efficiency, reducing environmental impact, and addressing specific nutritional needs.

Regional Dynamics: The market dynamics can vary by region, influenced by factors such as economic development, farming practices, and consumer preferences. Emerging economies with a growing middle class often experience increased demand for meat, driving the need for advanced feed additives.

Key Players in the Feed Additives Industry 

Cargill, Incorporated (US), ADM (US), International Flavors & Fragrances, Inc. (US), Evonik Industries AG (Germany), BASF SE (Germany), DSM (Netherlands), Ajinomoto (Japan), Novozymes (Denmark), CHR. HANSEN (Denmark), and TEGASA (Spain) are among the key players in the global feed additives market. To increase their company's revenues and market shares, companies are focusing on launching new products, developing partnerships, and expanding their production facilities. The key strategies used by companies in the feed additives market include geographical expansion to tap the potential of emerging economies, strategic acquisitions to gain a foothold over the extensive supply chain, and new product launches as a result of extensive research and development (R&D) initiatives.

Key Questions Addressed by Feed Additives Market Report

Which geographical area is expected to hold the largest feed additives market share?What are the factors driving the feed additives market growth?Are there any challenges affecting this industry, as per the Feed Additives Market forecasts?

Based on livestock, the poultry segment is estimated to account for the largest market share of the feed additives market.

The global demand for poultry products, such as chicken and eggs, has witnessed remarkable growth due to changing dietary preferences and increasing population. To meet this soaring demand for poultry, farmers have increasingly turned to feed additives to enhance the overall health, growth, and productivity of their birds. As a result, the poultry industry has become a major driver for the feed additives industry.

Additionally, the efficiency and rapid turnover rate of poultry farming make it particularly well-suited to benefit from feed additives. Poultry, especially broilers, have shorter production cycles compared to other livestock like cattle or swine. Feed additives, including antibiotics, probiotics, and growth promoters, can quickly yield visible results in terms of weight gain, disease prevention, and feed conversion efficiency, thereby providing farmers with a compelling incentive to use these products. Furthermore, the poultry sector has been at the forefront of adopting innovations and advanced technologies in animal nutrition, including precision feeding and nutrigenomics. This forward-thinking approach has further solidified the poultry sub-segment's dominance in the feed additives market. 

The global food preservatives market has experienced significant growth over the years due to factors such as increasing consumer demand for processed and convenience foods, a growing population, and the need to extend the shelf life of food products. Food preservatives are substances added to food to prevent spoilage, decay, or contamination by microorganisms. The global food preservatives market size is anticipated to reach $3.4 billion in 2023 and $3.9 billion by the end of 2028 at a CAGR of 3.0%.
Types of Food Preservatives:
Synthetic Food Preservatives, Natural Food Preservatives or Organic Food Preservatives, and Chemical Food Preservatives.
Key Drivers:
Rising Demand for Processed Foods: As consumers increasingly opt for convenience foods and ready-to-eat products, the demand for food preservatives has risen.
Growing Population: The increasing global population has led to higher demand for food, and preservatives play a crucial role in maintaining the quality and safety of food products.
Preference for Natural Preservatives: There is a growing trend toward natural and clean-label products, leading to increased demand for natural food preservatives, such as plant extracts and essential oils.
Technological Advancements: Ongoing research and development have led to the introduction of new and more effective preservatives, improving the overall market.
Some potential trends in food preservation:
Clean and Simple Labels:
Consumers continue to seek clean-label products with minimal additives. The trend toward simpler and more transparent ingredient lists is likely to influence the use of preservatives, favoring those perceived as natural and easily understandable.
Biodegradable and Sustainable Preservatives:
Growing environmental concerns may lead to increased interest in biodegradable and eco-friendly preservatives. Manufacturers might explore options that have a lower environmental impact and are in line with sustainability goals.
Emergence of New Natural Extracts:
Ongoing research may have resulted in the discovery and application of novel natural extracts with antimicrobial and antioxidant properties. These could include extracts from lesser-known plants, fruits, or herbs.
Advancements in Nanotechnology:
Continued developments in nanotechnology may lead to innovations in food preservation. Nanoparticles could be used to enhance the efficacy of preservatives and provide more targeted approaches to inhibit microbial growth.
Fermentation-Derived Preservatives:
Further exploration of microbial fermentation processes may have resulted in the development of new preservatives derived from bacteria, yeast, or fungi. Fermentation can produce compounds that act as natural preservatives.
Use of Essential Oils:
Essential oils with antimicrobial properties, such as thyme, cinnamon, and clove, may see increased applications in food preservation. These natural compounds could be used as alternatives to traditional preservatives.
Adoption of Plant-Based Preservatives:
The rise of plant-based diets and the demand for plant-based products may lead to an increased use of plant-derived preservatives. Extracts from fruits, vegetables, and herbs could find applications in preserving a variety of food products.
Smart Packaging Solutions:
Advances in packaging technology may result in the development of intelligent and active packaging solutions. These could include materials that release natural preservatives in response to specific conditions, extending the shelf life of products.
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North America is projected to be the largest region in the food preservatives market, in 2022; it is anticipated to grow at a significant CAGR
North America has always been an attractive and huge market for processed food industries due to large consumption of packaged and ready-to-eat foods. It is also among the biggest exporters of meat and meat products. These food products need incorporation of food preservatives which are responsible for their longer shelf-life. As a result with high demand for meat exports and processed food, the demand for food preservatives in the region is high. Moreover, North America has a well established food & beverage industry with the presence of leading players such as PepsiCo (US), McCain Foods Limited(Canada), Tyson Foods (US), among others.
To cater these players, there is also a well-established market ecosystem for food preservatives. As a result, most of the leading players in the food preservatives industry such as Cargill, Incorporated (US), Kemin Industries Inc. (US), ADM (US), and International Flavors & Fragrances Inc. (US) are headquartered in the region, further enhancing the dominating position of North America in the food preservatives market.

Insect Repellent Active Ingredients Market Forecast And Trends

The insect repellent active ingredients market is anticipated to be valued $1.0 billion in 2023, with a 7.6% CAGR to reach $1.5 billion by 2028. The demand for insect repellent has been steadily increasing over the years due to several factors. One of the main drivers is the growing vector population. Insect repellents focus on controlling the infestation of mosquitoes, flies, ticks, bugs, fleas, and other organisms, which can cause adverse effects on humans. There have been rising instances of epidemics caused by pests such as cockroaches, bugs, mosquitoes, flies, and ants across the globe. To prevent such epidemics, various types of insect repellent formulations are being manufactured. The manufacturing may vary according to the type of insects targeted, formulations, active ingredients, concentration, permit requirements, and product registration.

Market Driver: Growing cases of disease outbreak.

More than 17% of all infectious diseases are vector-borne, according to a report released by the WHO in March 2020. Each year, these illnesses result in about 700,000 deaths. They may be caused by viruses, bacteria, or parasites. Life-threatening diseases like chikungunya, influenza, the H1N1 virus, Zika virus, and dengue have all been on the rise over the past ten years and are typically carried by insects. The Zika virus outbreak in the Americas in 2017 (spread by Aedes aegypti and Aedes albopictus) was the most latest outbreak caused by insect vectors.

The most harmful diseases are spread by mosquitoes. Millions of people globally contract mosquito-borne diseases including malaria and dengue each year. The need for insect repellent products has increased recently due to the spread of diseases.

Malaria is a parasitic infection transmitted by Anopheles mosquitoes. Globally, an estimated 219 million cases of malaria are reported; it results in more than 400,000 deaths annually. Most of the deaths occur in children below the age of five years.

Dengue is another deadly infection transmitted by Aedes mosquitoes. Every year, more than 3.9 billion people in over 129 countries contract dengue. The disease reportedly claims an estimated 40,000 lives every year. According to the National Vector Borne Disease Control Programme (NVBDCP) (India), in 2017, about 11,552 cases of dengue were reported in Tamil Nadu, recording a 350% increase in the number of cases compared to 2016.

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Aerosols segment of the insect repellent active ingredients market by end application is projected to witness the highest CAGR during the forecast period.

Based on end application type, the aerosols segment estimated to account for the highest growth rate. Aerosol insect repellents are widely used and highly effective forms of insect protection, providing a convenient and versatile solution for repelling a variety of biting insects. These products come in pressurized cans or containers and are designed to disperse a fine mist or spray of repellent. Aerosol insect repellents offer several advantages. Their spray format allows for easy and even application, ensuring complete coverage on exposed skin. The fine mist enables the repellent to reach difficult-to-access areas, such as clothing folds or hair. This makes aerosol repellents suitable for outdoor activities and areas with high insect populations.

Major players operating in the insect repellent active ingredients market includes Spectrum Brands Inc. (US), Reckitt Beneckiser Group Plc (UK), Henkel AG & Co KGaA (Germany), MERCK KGaA (Germany), S.C. Johnson & Son Inc. (US), Dabur (India), Godrej (India), Sawyer (US), BUGG Products, LLC (US), Coghlan’s (Canada), Vertellus (US), Sumitomo Chemical Co., Ltd (Japan), Clariant (Switzerland), Citrefine (UK), NK Chemiosys Pvt. Ltd. (India), and Shorgun Organics (India).

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The Asia Pacific market is projected to contribute the largest share for the insect repellent active ingredients market.

Asia Pacific region is confronted with a significant challenge posed by vector-borne diseases, transmitted primarily by insects such as mosquitoes, ticks, and flies. These diseases, namely dengue fever, malaria, chikungunya, and Japanese encephalitis, have a profound impact on public health, resulting in substantial loss of life and economic burden. Each year, a considerable number of cases are reported across key countries in the region.Mosquitoes, being prevalent insects in the Asia Pacific, are notorious for their role in spreading diseases like dengue fever, which affects millions of people annually. In 2021 according to the Ministry of Health and Family Welfare (MoHFW), India alone reported approximately 67,377 cases of dengue fever, indicating a rising trend in the country. Similarly, Japan faces the persistent threat of Japanese encephalitis, transmitted by mosquitoes, with thousands of cases reported each year. This is expected to drive the large market for insect repellents in the region. 

The report "Dairy Ingredients Market by Type (Proteins, Milk Powder, Milk Fat Concentrate, Lactose & Its Derivatives), Application (Infant Formulas, Sports Nutrition, Dairy Products and Bakery & Confectionery), Livestock, Form, and Region - Global Forecast to 2026", The market for dairy ingredients is anticipated to grow at a CAGR of 7.2% , it is anticipated to be worth $89.9 billion by 2026.

This growth is fueled by the increasing demand for dairy-based products and the growing trend towards protein-rich diets.The market is poised to offer a diverse range of dairy products, paving the way for players in the industry to create innovative and irresistible offerings that cater to the evolving tastes of consumers.The demand for versatile dairy ingredients in the food industry is driven by the increasing consumption of ready-to-eat and functional foods. The trend towards healthy eating habits has further fueled the demand for functional food ingredients that are high in protein, low in fat and calories, and free from artificial additives. Additionally, the rise of plant-based alternatives to dairy products and the demand for natural and organic products are contributing to the growth of the market. These trends are expected to continue to drive the dairy ingredients market in the coming years.

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Dairy ingredients are components derived from milk that are used in food and beverage products. They are widely used in the food industry for their functional properties, including emulsification, foaming, and thickening, as well as their nutritional value. Some of the commonly used dairy ingredients include whey protein, casein, lactose, and milk fat.

Market Drivers:

Driver: Increasing awareness about health and wellness

Consumer preferences are gradually shifting from junk and fast food to nutritional diets. This shift to healthy diets is being witnessed due to the increasing aging population, coupled with the rising health issues. This has led to increased demand for protein-based ingredients, such as dairy ingredients, for use in nutritional foods. This health and wellness trend will act as a key driving factor, which is set to fuel the consumption of dairy ingredients.

Owing to the growing consumer awareness toward health gain, the demand for protein in the daily diet is increasing, which has exponentially propelled the market for dairy proteins. In 2019, the International Food Information Council Foundation (IFICF) conducted a consumer survey in North America about diet preferences. About 48% of consumers said that they often include dairy products in their daily meals as a source of protein. The below diagram depicts the share of each category in the daily meals of North American consumers.

The increasing demand for dairy ingredients in Asia Pacific is driving the growth of the dairy ingredients market.

The global dairy ingredients market is dominated by Asia Pacific, which accounted for the largest share. Nowadays, a sedentary lifestyle and a hectic daily routine run parallel to the consumer focus on health, resulting in an extreme workout and heightened dependence on protein supplements. Dairy protein ingredients are being consumed for weight loss and muscle gain and provide maximum nutrition and nourishment. Veganism has captured a large section of the market in Europe and the US; however, dairy being a staple in India, retains its position as the major protein supplement. Globally, whey is being incorporated in the regular diet as natural bioactive substances have a positive influence on an individual’s health.

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The key players in this market include FrieslandCampina (Netherlands), Groupe Lactalis (France), Arla Foods (Denmark), Saputo (Canada), Fonterra Co-operative Group (New Zealand), Dairy Farmers of America (US), Kerry Group (Ireland), Ornua (Ireland), AMCO Proteins (US), Prolactal (Austria), Valio (Finland), Glanbia (Ireland), Hoogwegt Group (Netherlands), Batory Foods (US), Ingredia SA (France), Agropur (Quebec), and Euroserum (France). Major players in this market are focusing on increasing their presence through new product launches, expansions & investments, mergers & acquisitions, partnerships, collaborations, and agreements. These companies have a strong presence in North America and Europe. They also have manufacturing facilities along with strong distribution networks across these regions. 

According to a research report "Agricultural Pheromones Market Size by Crop Type (Fruits & Nuts, Field Crops, & Vegetable Crops), Function (Mating Disruption, Mass Trapping, Detection & Monitoring), Mode of Application (Dispensers, Traps, & Sprays), Type and Region - Global Forecast to 2028" published by MarketsandMarkets, the agricultural pheromones market is projected to reach USD 8.2 billion by 2028 from USD 3.9 billion by 2023, at a CAGR of 16.2% during the forecast period in terms of value. The use of pheromones as an integrated pest management strategy by farmers and market participants has increased because of technological improvements and innovations in agricultural practices. These synthetic pheromones that resemble natural one’s help attract or gather insects. They are employed for a variety of things, including enticing, mass trapping, interfering with mating rituals, and other things. Due to the negative effects of conventional pesticides on the environment, human health, and creatures, pheromones have swiftly become a preferred alternative to traditional pesticides for agricultural pest management.
The dispenser’s segment of the mode of application segment is accounted to have the largest share in the agricultural pheromones market.
As precision agriculture techniques are more widely used, which call for the focused and regulated release of pheromones, the dispenser’s section of the agricultural pheromones market is expanding. Dispensers give farmers a quick and easy way to apply pheromones, enhancing insect control and crop yields.
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The fruits & nuts segment of the crop type segment is accounted to have the largest share in the agricultural pheromones market.
Due to rising consumer demand for organic and sustainable farming methods as well as the efficiency of pheromone-based solutions in minimizing crop damage and increasing yields in fruit and nut production, the fruits and nuts section of the agricultural pheromones market is expanding.
The Asia Pacific region accounted for the largest growing market, in terms of value, of the global agricultural pheromones market in 2028.
Due to several variables, the market for agricultural pheromones is expanding in North America. As farmers look for alternatives to chemical pesticides, there is first a growing awareness of and adoption of sustainable farming practices in the area. Second, the demand for organic produce and governmental laws are pushing the need for efficient pest control techniques. Additionally, improvements in pheromone-based solution research and development have raised their affordability and efficacy, further boosting the market in North America.
The key players in this include Shin-Etsu Chemical Co., Ltd (Japan), BASF SE (Germany), Mitsui & Co., Ltd. (Japan), Biobest Group NV (Belgium), The Wonderful Company LLC (US), Russell IPM (UK), ISCA Technologies (US), Trécé Incorporated (US), Bedoukian Research, Inc. (US), Pherobank (Netherlands), Koppert Biological Systems (Netherlands), Gowan Company (US), InVivo (France), Bio Controle (Brazil), and ATGC Biotech Pvt Ltd. (India).
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Emerging trends that are expected to have a major impact on consumer demand in the upcoming years are indicative of the extraordinary transition that the food and beverage sector is going through. The future of the food and beverage industry is being shaped by the use of cutting-edge technology like artificial intelligence (AI) and machine learning, sustainable practices, hyperlocal sourcing, and alternative food sources. The Top 10 Food & Beverages Markets Will Grow From USD 164.02 billion In 2023 To USD 179.83 billion by 2024 At A Yoy Increase Of 9.6%. The Food & Beverages Industry Outlook covers plant-based protein market, plant-based meat market, food-testing market, food certification market, precision fermentation ingredients market, food robotics market, personalized nutrition market, probiotics market, regenerative agriculture market, and food traceability markets.

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Food & beverages industry developments in 2023 and upcoming predictions in 2024
The food and beverage business is going through major changes in 2023, including a rise in environmentally friendly practices, a greater uptake of cutting-edge technologies, and calculated moves by major firms. The year was marked by expansion into new markets, extensive use of technology in the supply chain and agriculture industries, and a rise in the demand for plant-based and sustainable substitutes. A number of trends are expected to influence the direction that the industry takes by 2024. Production processes will continue to be redefined by the integration of cutting-edge technology like automation and artificial intelligence, and industry leaders will compete more fiercely. In 2024, the emphasis on food safety, compliance with industry regulations, and the exploration of innovative solutions, such as precision fermentation and personalized nutrition, will be pivotal in steering the course of the food and beverage industry. Meeting the challenge of balancing innovation with regulatory compliance and addressing the complexities of supply chain visibility will be critical for industry players in the coming year.

Significant businesses showcased:
In the rapidly evolving landscape of the food and beverage industry, key companies are spearheading transformative initiatives across various sectors. In the alternative protein industry, Cargill (US) and Wilmar International Ltd., (Singapore) are pioneering plant-based and lab-grown protein innovations. The realm of food automation sees global leaders such as ABB (Switzerland), Rockwell Automation (USA), and Siemens (Germany) harnessing robotics and smart technologies to enhance production efficiency. For ensuring food safety, Thermo Fisher Scientific (USA) and Neogen Corporation (USA) are at the forefront, providing advanced solutions for quality control and pathogen detection. Personalized nutrition is advanced by Nutrigenomix (Canada) and DNAfit (United Kingdom), tailoring dietary recommendations based on genetic insights. In the regenerative agriculture sector, companies like Indigo Agriculture (USA) and General Mills (USA) champion sustainable farming practices. Finally, precision fermentation is driven by innovators like Ginkgo Bioworks (USA) and Perfect Day (USA), offering scalable and sustainable solutions for alternative protein production. Together, these companies exemplify the diverse and dynamic future of the food and beverage industry. In 2024, food & beverage players will continue investments in advanced food technologies in unexplored countries and focus on delivering healthy and safe food to consumers.

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