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Report Scope & Overview:

Antimicrobial Preservatives Market size was valued at USD 738.4 million in 2022 and is expected to grow to USD 1107.69 million by 2030 and grow at a CAGR of 5.2% over the forecast period of 2023-2030.

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.

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.

Market Dynamics:

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

Impact of COVID-19

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.

Impact of Recession:

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.

Market segmentation

By Type

  • Benzoic Acid

  • Sorbic Acid

  • Sulfur Dioxide

  • Propionic Acid

  • Nitrates

  • Others

By Application

  • Food & Beverages

  • Pharmaceuticals

  • Others

Regional Analysis

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

Key Players

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.

Antimicrobial Preservatives Market Report Scope:
Report Attributes Details
Market Size in 2022  US$ 738.4 Mn
Market Size by 2030  US$ 1107.69 Mn
CAGR   CAGR of 5.2% From 2023 to 2030
Base Year 2022
Forecast Period  2023-2030
Historical Data  2020-2021
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.

 

Frequently Asked Questions

The Antimicrobial Preservatives Market recorded a value of USD 738.4 million in 2022.

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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Secondary Research

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Primary Research

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Data Bank Validation

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