The Antimicrobial Preservatives Market size was valued at USD 780.25 million in 2023 and is expected to grow to USD 1175.26 million by 2031 and grow at a CAGR of 5.2% over the forecast period of 2024-2031.
Antimicrobial Preservatives are chemical substances used to preserve food & beverages, pharmaceutical products, and other organic material from fermentation and decomposition by preventing the growth of microorganisms. Antimicrobial preservatives are also used in cosmetics and personal care products to stop the growth of bacteria, yeasts, and molds to prevent contamination that can cause infection or irritation to the skin. Antimicrobial preservatives are used to increase the shelf life of all types of products such as medicines, packaged food products, and organic material.
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The common antimicrobial agents are benzoic acid, sulfur dioxide, propionic acid, sorbic acid, and nitrates which are used as preservatives. They are added to nonsterile dosage forms to prevent them from microorganisms that are introduced inadvertently during the manufacturing process.
Drivers
Increasing demand for preserved and convenient food products
Rising demand for cosmetic products
The busy lifestyle of the consumers
Increase in the per-capita disposable income
The spread of coronavirus across the globe
The rising population across the world increases the demand for food and medicines. By keeping in mind, the health of all consumers, rising urbanization, and the inclination of consumers towards packaged food due to an increase in the per capita disposable income drive the market of antimicrobial preservatives.
Restrain
Presence of various alternative preservation techniques
Presence of chemical additives that affect the health
Stringent regulation on adding the antimicrobial preservative to the food products
Pasteurization, vacuum packaging, and irradiation are among the techniques used to preserve, package, and store food and medicine products. These methods eliminate the need for chemical additives, providing consumers with safer and healthier products. As more industries adopt these preservation techniques, the demand for antimicrobial preservatives will decrease, impacting the preservative market's growth.
Opportunities
Increasing consumer acceptance of processed food and convenient snack
Challenges
High fluctuation in the raw material prices of the antimicrobial preservatives
Due to the COVID-19 pandemic, Food and Beverage industry affect severely. As food is an essential need of the human being, to protect that food antimicrobial preservatives are used in very large proportions during this phase. Consumers are highly cautious to check on their health. Rising demand for health-promoting ingredients during the pandemic drives the market for antimicrobial preservatives. The COVID-19 pandemic has led to the lockdown to stop the spread of coronavirus which cause shutting down the retail stores. This has led to an increase in the demand for convenience and preserved food which boosted the antimicrobial preservatives market.
Moreover, due to COVID-19, the logistics and supply chain were highly disturbed which caused an increase in the price of raw material of antimicrobial preservatives. Due to this price volatility, antimicrobial preservatives were sold at high prices than the pre-pandemic situation.
The recent economic crisis impacted various industries including the antimicrobial preservatives market. The recession has led to a decrease in consumer spending, which has resulted in a decline in demand for products that require antimicrobial preservatives. This has had a significant impact on the market, as manufacturers have had to reduce their production levels to match the lower demand.
By Type
Benzoic Acid
Sorbic Acid
Sulfur Dioxide
Propionic Acid
Nitrates
Others
By Application
Food & Beverages
Pharmaceuticals
Others
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The North America region accounted for the largest market share in 2021 and is expected to show lucrative growth during the forecast period due to the high consumption of packaged food. The increasing demand for premium cosmetic products which requires protection from microorganisms to protect the skin drives the market of antimicrobial preservatives. Moreover, the highly evolved healthcare sector which requires preservatives in large proportions is another important driving factor of this market.
Asia-Pacific is also predicted to show significant growth during the estimated period owing to the increase in population which demands preserved and convenient food. Government intervention aimed at ensuring the delivery of high-quality products is anticipated to drive the demand for preservatives in the region. The presence of key market players in the Asia-Pacific region is another major factor that helps to drive the antimicrobial preservatives market.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The major key players are Albemarle Corp., BASF SE, Celanese Corporation, Archer Daniels Midland Company, The Dow Chemical Co. and Brenntag, and other key players mentioned in the final report.
| Report Attributes | Details |
| Market Size in 2023 | US$ 780.25 Mn |
| Market Size by 2031 | US$ 1175.26 Mn |
| CAGR | CAGR of 5.2% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Benzoic Acid. Sorbic Acid, Sulfur Dioxide, Propionic Acid, Nitrates, and others) • By Application (Food & Beverages, Pharmaceuticals, and Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Albemarle Corp., BASF SE, Celanese Corporation, Archer Daniels Midland Company, The Dow Chemical Co. and Brenntag, and other |
| Key Drivers | • Increasing demand for preserved and convenient food products • Rising demand for cosmetic products |
| Market Opportunities | • Increasing consumer acceptance of processed food and convenient snack. |
The Antimicrobial Preservatives Market recorded a value of USD 780.25 million in 2023.
The expected CAGR of the global Antimicrobial Preservatives Market during the forecast period is 5.2%
The major competitors of the Antimicrobial Preservatives Market are Albemarle Corp., BASF SE, Celanese Corporation, Archer Daniels Midland Company, The Dow Chemical Co., and Brenntag.
North America region is likely to lead the Antimicrobial Preservatives Market during the forecast period.
Increasing demand for preserved and convenient food products, Rising demand for cosmetic products, the busy lifestyle of the consumers, increase in the per-capita disposable income, and the spread of coronavirus across the globe are the major driving factors of Antimicrobial Preservatives Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Antimicrobial Preservatives Market Segmentation, By Type
8.1 Benzoic Acid
8.2 Sorbic Acid
8.3 Sulfur Dioxide
8.4 Propionic Acid
8.5 Nitrates
8.6 Others
9. Antimicrobial Preservatives Market Segmentation, By Application
9.1 Food & Beverages,
9.2 Pharmaceuticals
9.3 Others
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Antimicrobial Preservatives Market by Country
10.2.2North America Antimicrobial Preservatives Market by Type
10.2.3 North America Antimicrobial Preservatives Market by Application
10.2.4 USA
10.2.4.1 USA Antimicrobial Preservatives Market by Type
10.2.4.2 USA Antimicrobial Preservatives Market by Application
10.2.5 Canada
10.2.5.1 Canada Antimicrobial Preservatives Market by Type
10.2.5.2 Canada Antimicrobial Preservatives Market by Application
10.2.6 Mexico
10.2.6.1 Mexico Antimicrobial Preservatives Market by Type
10.2.6.2 Mexico Antimicrobial Preservatives Market by Application
10.3 Europe
10.3.1 Europe Antimicrobial Preservatives Market by Country
1.3.3.2 Europe Antimicrobial Preservatives Market by Type
10.3.3 Europe Antimicrobial Preservatives Market by Application
10.3.4Germany
10.3.4.1 Germany Antimicrobial Preservatives Market by Type
10.3.4.2 Germany Antimicrobial Preservatives Market by Application
10.3.5 UK
10.3.5.1 UK Antimicrobial Preservatives Market by Type
10.3.5.2 UK Antimicrobial Preservatives Market by Application
10.3.6 France
10.3.6.1 France Antimicrobial Preservatives Market by Type
10.3.6.2 France Antimicrobial Preservatives Market by Application
10.3.7 Italy
10.3.7.1 Italy Antimicrobial Preservatives Market by Type
10.3.7.2 Italy Antimicrobial Preservatives Market by Application
10.3.8 Spain
10.3.8.1 Spain Antimicrobial Preservatives Market by Type
10.3.8.2 Spain Antimicrobial Preservatives Market by Application
10.3.9 The Netherlands
10.3.9.1 Netherlands Antimicrobial Preservatives Market by Type
10.3.9.2 Netherlands Antimicrobial Preservatives Market by Application
10.3.10 Rest of Europe
10.3.10.1 Rest of Europe Antimicrobial Preservatives Market by Type
10.3.10.2 Rest of Europe Antimicrobial Preservatives Market by Application
10.4 Asia-Pacific
10.4.1 Asia Pacific Antimicrobial Preservatives Market by Country
10.4.2Asia Pacific Antimicrobial Preservatives Market by Type
10.4.3 Asia Pacific Antimicrobial Preservatives Market by Application
10.4.4 Japan
10.4.4.1 Japan Antimicrobial Preservatives Market by Type
10.4.4. 2Japan Antimicrobial Preservatives Market by Application
10.4.5. South Korea
10.4.5.1 South Korea Antimicrobial Preservatives Market by Type
10.4.5.2. South Korea Antimicrobial Preservatives Market by Application
10.4.6 China
10.4.6.1 China Antimicrobial Preservatives Market by Type
10.4.6.2. China Antimicrobial Preservatives Market by Application
10.4.7 India
10.4.7.1 India Antimicrobial Preservatives Market by Type
10.4.7.2. India Antimicrobial Preservatives Market by Application
10.4.8 Australia
10.4.8.1 Australia Antimicrobial Preservatives Market by Type
10.4.8.2. Australia Antimicrobial Preservatives Market by Application
10.4.9 Rest of Asia-Pacific
10.4.9.1 APAC Antimicrobial Preservatives Market by Type
10.4.9.2. APAC Antimicrobial Preservatives Market by Application
10.5 The Middle East & Africa
10.5.1 The Middle East & Africa Antimicrobial Preservatives Market by Country
10.5.2 The Middle East & Africa Antimicrobial Preservatives Market by Type
10.5.3The Middle East & Africa Antimicrobial Preservatives Market by Application
10.5.4 Israel
10.5.7.1 Israel Antimicrobial Preservatives Market by Type
10.5.7.2 Israel Antimicrobial Preservatives Market by Application
10.5.5 UAE
10.5.5.1 UAE Antimicrobial Preservatives Market by Type
10.5.5.2 UAE Antimicrobial Preservatives Market by Application
10.5.6South Africa
10.5.6.1 South Africa Antimicrobial Preservatives Market by Type
10.5.6.2 South Africa Antimicrobial Preservatives Market by Application
10.5.7 Rest of Middle East & Africa
10.5.7.1 Rest of Middle East & Asia Antimicrobial Preservatives Market by Type
10.5.7.2 Rest of Middle East & Asia Antimicrobial Preservatives Market by Application
10.6 Latin America
10.6.1. Latin America Antimicrobial Preservatives Market by Country
10.6.2. Latin America Antimicrobial Preservatives Market by Type
10.6.3 Latin America Antimicrobial Preservatives Market by Application
10.6.4 Brazil
10.6.4.1 Brazil Antimicrobial Preservatives Market by Type
10.6.4.2 Brazil Antimicrobial Preservatives Market by Application
10.6.5Argentina
10.6.5.1 Argentina Antimicrobial Preservatives Market by Type
10.6.5.2 Argentina Antimicrobial Preservatives Market by Application
10.6.6Rest of Latin America
10.6.6.1 Rest of Latin America Antimicrobial Preservatives Market by Type
10.6.6.2 Rest of Latin America Antimicrobial Preservatives Market by Application
11 Company Profile
11.1 Albemarle Corp.
11.1.1 Market Overview
11.1.2 Financials
11.1.3 Product/Services/Offerings
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 BASF SE
11.2.1 Market Overview
11.2.2 Financials
11.2.3 Product/Services/Offerings
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 Celanese Corporation
11.3.1 Market Overview
11.3.2 Financials
11.3.3 Product/Services/Offerings
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Archer Daniels Midland Company
11.4.1 Market Overview
11.4.2 Financials
11.4.3 Product/Services/Offerings
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 The Dow Chemical Co.
11.5.1 Market Overview
11.5.2 Financials
11.5.3 Product/Services/Offerings
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Brenntag
11.6.1 Market Overview
11.6.2 Financials
11.6.3 Product/Services/Offerings
11.6.4 SWOT Analysis
11.6.5 The SNS View
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
13. USE Cases And Best Practices
14. Conclusion
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