by Food antimicrobial additives help extend the shelf life of products by preventing the deterioration of foodstuffs caused by microbes. They are commonly used in bakery & confectionery items, meat & seafood, dairy products, snacks, and beverages.
The Global Food Antimicrobial Additives Market is estimated to be valued at US$ 406.48 Mn in 2024 and is expected to exhibit a CAGR of 6.6% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the Food Antimicrobial Additives are Koninklijke DSM NV, The Archer Daniels Midland Company, BASF SE, DuPont de Nemours Inc., Corbion NV, Galactic, Jungbunzlauer Suisse AG, Celanese Corporation, Siveele BV, Shandong Freda Biotechnology Co. Ltd. Growing consumption of packaged and processed food items owing to fast-paced lifestyle has augmented the demand for food antimicrobial additives. Stringent regulations around food safety and longer shelf-life of products have prompted players to expand globally.
Market key trends:
One of the key trends witnessed in the Food Antimicrobial Additives Market Size is the shift towards the usage of natural preservatives. Consumers are increasingly demanding clean label and organic products due to rising health consciousness. As a result, manufacturers are focusing on incorporating natural antimicrobials derived from plant and mineral sources like salt, vinegar, spices, herbs instead of chemical or synthetic variants. This helps provide similar food protection with an environmentally sustainable approach.
Porter’s Analysis
Threat of new entrants: Low capital requirements and government support helps new entrants.
Bargaining power of buyers: Large retailers have higher bargaining power due to private labels.
Bargaining power of suppliers: Limited availability of raw materials increases suppliers’ power.
Threat of new substitutes: High R&D investments supports development of novel solutions.
Competitive rivalry: Fragmented market with low differentiation and low profit margins fuels rivalry.
Geographical Regions
North America remains the highest revenue generating region owing to increasing demand for processed food. Asia Pacific is poised to witness fastest growth due to rapid economic expansion, rising health consciousness, and growing middle class population in countries like China and India.
Geographical Regions
North America remains the highest revenue generating region owing to increasing demand for processed food. The region accounted for over 35% of global revenue in 2024. However, Asia Pacific is poised to witness the fastest growth during the forecast period owing to rapid economic expansion, rising health consciousness, increasing per capita disposable income, and growing middle class population in countries like China and India. The growth in the region is anticipated to be driven by a strong demand from the food & beverage industry.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
Money Singh
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. LinkedIn
