Description
The global food preservatives market was valued at USD 2.9 billion in 2020 and is projected to reach USD 3.76 billion with a CAGR of 3.8% during the forecast period, 2021-2027. The increasing use of synthetic food preservatives to protect against botulism, prevent bacterial growth in food products, and increase the shelf life of those products are the major factors restoring the growth of the global food preservative market. Furthermore, the growing demand for antimicrobial agents is due to their ability to prevent the growth of microorganisms and inhibit or delay food spoilage, which is among the key factors expected over the forecast period to drive the global market’s growth for food preservatives.
