Green Preservatives Market Size, Share, and Industry Analysis, By Type (Natural Preservative, Organic Acid, Essential Oil, and Others), By End-use Industry (Food & Beverages, Personal Care & Cosmetics, Cleaning Industry, Pharmaceutical, and Others), and Regional Forecast, 2024-2032

Green preservatives are used to protect the products from bacteria, molds, and yeast and increase their shelf life by using natural or eco-friendly substances. The green preservative is derived from animals, plants, or minerals and is considered more sustainable and safer. The product is increasingly in demand in the food industry, pharmaceuticals, and cosmetics as consumers demand more natural and less chemically processed products.

The food & beverages segment primarily drives the green preservatives market. The growth is due to the rising concern and awareness over the safety and environmental impacts of synthetic preservatives. Nowadays, consumers are focusing on products that are labeled as organic, natural, or containing no artificial preservatives. This turns manufacturers to adopt a green preservative product in their product portfolio.

• As per the India Brand Equity Foundation, the Indian food processing market size reached USD 307.2 billion in 2022 and is expected to reach USD 547.3 billion by 2028, exhibiting a growth rate (CAGR) of 9.5% during 2023-2028.

The pharmaceuticals segment also drives the green preservatives market. The pharmaceutical industry is aiming to reduce the environmental impact of pharmaceutical products and their production processes.

The growing adoption of green products in the pharmaceuticals industry shows a broader shift toward sustainable and environmentally friendly practices in the industry. Therefore, the market will have positive growth in the near future.

• As per the European Federation of Pharmaceutical Industries and Associations (EFPIA), The world pharmaceutical (prescription) market was worth an estimated USD 1,287,736 million at ex-factory prices in 2022. The North American market (USA & Canada) remained the world’s largest market with a 52.3% share, well ahead of Europe, China and Japan.


• In 2022, North America dominated the green preservatives market with approximately 35% of the share.

The major green preservatives market consumers by region are China, Japan, and India in Asia Pacific; the U.S. & Canada in North America; Germany and France in Europe; and Saudi Arabia and UAE in the Middle East.

• The U.S. consumed 70% of the North American green preservatives market demand in the year 2022.


• As per the Government of Canada, pharmaceutical exports and imports between Canada and the rest of the world from 2018 to 2022 increased by 38% and 55%, respectively.

Segmentation

Key Insights

The report covers the following key insights:

• Key Emerging Trends – For Major Regions


• Key Developments: Mergers, Acquisition, and Partnerships


• Latest Technological Advancements


• Insights on Sustainability


• Porter’s Five Forces Analysis


• Impact of COVID-19 on the Market

Analysis by Type

By type, the market is segmented into natural preservative, organic acid, essential oil, and others. The natural preservative segment holds a significant share of the global green preservatives market.

• Natural preservatives are derived from animals, plants, microbes, or minerals. It is used to extend the shelf life of products by protecting them against foodborne pathogens and spoilage.


• The food & beverages sector is the largest market for natural preservatives. However, it has increasingly been demanded in the personal care & cosmetic, pharmaceutical, and other industries.

Analysis by End-use Industry

By end-use industry, the market is segmented into food & beverages, personal care & cosmetics, cleaning industry, pharmaceutical, and others. The food & beverages segment holds a considerable share of the global green preservatives market.

• The increasing demand for green preservatives from the food & beverages industry is due to the innovation in the discovery of new natural preservatives, and green preservation technologies are enabling more applications in the food & beverages industry.


• The product not only increases the shelf life of food products but also enhances their aroma, flavor, and nutritional value.


• Also, strong regulations on food safety push manufacturers to The rising demand is bolstered by stricter regulations on food safety and labeling, compelling manufacturers to develop their products with ingredients that are not only effective and safe but also environmentally friendly.

Regional Analysis

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The global market is geographically segmented into North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. North America holds a considerable share of the green preservatives market. The food & beverages industry in the North American region is expanding rapidly, driven by rising income, urbanization, and increased trade activity. Also, the presence of key players such as Dow Inc., Kerry Group, and more in the region supports the market dominance in North America.

Global Pharmaceutical Market 2022, by Geography

• North America – 52.3%


• Europe – 22.4%


• China – 8.1%


• Japan – 4.9%


• Africa, Asia & Australia – 8.2%


• Latin America – 4.1%

Key Players Covered

The report includes the profiles of key players, such as Kerry Group plc., Kemin Industries, Inc., Corbion N.V., LANXESS, International Flavors & Fragrances Inc., Dow Inc., Symrise, and Givaudan.

Key Industry Developments

• In January 2022, LANXESS company and Matrìca underwent a partnership agreement to produce sustainable biocide preservatives from renewable raw materials. With this partnership, both companies focus on increasing their presence to offer sustainable preservatives in the market.