The report “Green Preservatives Market by Type (Natural preservative, Organic Acid, Essential Oil), End-use Industry (Food & beverage, Personal Care & Cosmetic, Industrial Cleaning, Household Cleaning, Pharmaceutical), and Region – Global Forecast to 2028″, size was USD 1.1 billion in 2023 to USD 1.5 billion by 2028, at a CAGR of 7.1% from 2023 to 2028. Green Preservatives, commonly referred to as natural preservatives, are made mostly of natural sources that are used to prolong product shelf life while reducing the need for art ificial or chemical preservatives. They are better for the environment and safer. Green preservatives are in high demand due to customer preferences shifting towards natural and clean-label products as well as rising knowledge of the possible health and environmental dangers linked to synthetic preservatives. Green preservatives are used in various industries such as food & beverage, personal care & cosmetic, cleaning industry (household cleaning & industrial cleaning), pharmaceutical, and others (agriculture, horticulture, water treatment, and textiles).
Key Market Players
Kerry Group (Ireland), Kemin Industries, Inc. (US), Corbion N.V. (Netherlands), LANXESS AG (Germany), BASF SE (Germany), International Flavors & Fragrances Inc. (US), Dow Inc. (US), DSM-Firmenich AG (Netherlands), Symrise AG (Germany), Givaudan SA (Switzerland), and Clariant AG (Switzerland).
Food & beverage segment is estimated to be the largest application in green preservatives market in 2022, in terms of value.
Green Preservatives Market Dynamics
The food & beverage segment is estimated to be the largest application in green preservatives market in the forecasted year due to several factors. The dominance of the food & beverage segment in the green preservatives market is driven by a combination of increased consumer demand, environmental sustainability, and other factors. Green preservatives are being used more often in the food and beverage industry to preserve product quality and freshness without compromising the safety. These green preservatives prolong the shelf life of food and beverage goods by inhibiting oxidation, microbiological growth, and spoilage of food. The green preservatives market in the food & beverage segment is projected to rise in the forecast year.
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