The global food preservatives market is predicted to register a CAGR of 6.8% over the forecast period, as per FMI’s analysis. The industry’s market valuation is anticipated to increase from US$ 2,965.62 million in 2023 to US$ 5,725.70 million by 2033 end.
As the clean label movement is in full vigor, consumer curiosity and awareness about food ingredients have heightened. As a result, key manufacturers of food preservatives in the market are adopting a natural approach to keep food fresh for long periods. The continuous use of food preservatives in food production is a primary factor, which is positively influencing the market growth. Numerous benefits of food preservation are motivating market expansion.
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