The global artificial preservative market size accounted for USD 29,820 million in 2024 and is expected to exceed around USD 52,901 million by 2034, growing at a CAGR of 5.9% from 2024 to 2034.
The market is experiencing significant growth due to the rising demand for packaged and ready-to-eat meals. Artificial preservatives are incorporated into food items to enhance their safety and extend shelf life. Moreover, they prevent food spoilage during packaging and transportation and maintain freshness. Artificial preservatives come in two forms: powder and liquid. Powder preservatives are mostly preferred over liquid preservatives. This is due to their ease of use and longer shelf life. As consumers lead hectic lifestyles, the consumption of processed and ready-to-cook food increases, significantly boosting the demand for artificial preservatives.
The rising demand from the pharmaceutical industry is expected to drive the growth of the artificial preservative market. These preservatives are used in drug formulation to maintain the stability and efficacy of medications. They also ensure the safety of drugs. In addition, the increasing usage in the cosmetic & personal care industry fuels market growth. Preservatives prevent microbial contamination, ensure safety, and extend the shelf life of personal care products. Increasing focus on drug development and the rising demand for personal care products further contribute to market expansion.
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| Stats ID: | 7627 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Stats ID: | 7627 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
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