Increasing Consumers Awareness Propels the Market Growth
Furthermore, according to the 2023 report of NIH, that approximately 1.2% of the population suffers from hypersensitivity due to the use of artificial additives, highlighting a growing concern among healthcare professionals, often involve immune system responses and metabolic disturbances triggered by the additives. Despite their widespread use in food products to improve taste, appearance, and shelf life, the potential health risks warrant careful consideration with continued research into the effects of these substances and increased transparency in food labelling are crucial for managing and mitigating the risks associated with food additive hypersensitivity, through regulatory measures and public education can help safeguard, for this reason many market players are opening new research centres. For instance, in May 2023, Ashland Global Holdings announced the opening of a research and development centre for microbial protection in Hamburg, Germany, will service customers with methods including the Cosmetic Preservation Efficacy Test (CosPET). The service featured with antimicrobial efficacy testing for cosmetics and includes aiding formulation challenges in skin care, hair care and oral care.
Increasing Clean Label Demand for Food Ingredients Fuels the Market Growth
However, the rising focus on environmental sustainability and the increasing demand for eco-friendly alternatives have driven market players to innovate advanced plant-based preservatives, as these natural options are preferred over synthetic counterparts for their lower environmental impact leading to increasing demand among consumers. For instance, in October 2022, Prinova Europe announced to launch PlantGuard AM, a plant-based antimicrobial solution developed to inhibit the growth of yeasts, molds, and bacteria in foods. This preservative extends the freshness and shelf life as well as also, delays rancidity, preserving flavour and color and addressing both environmental concerns, PlantGuard AM, helps in advance the plant-based preservative market towards more sustainable and effective solutions and expanding market growth.
Recent Trends in the Plant-Based Preservatives Industry:
- Strong demand for natural and organic food products and beverages
- Advances in extraction and formulation technologies for efficacy and stability of plant-based preservatives.
- Emphasis on reducing the carbon footprint and waste associated with food production.
- Increasing recognition of the benefits of plant-based preservatives in various applications
- Focusing on discovering new plant sources and optimizing extraction methods
Explore Our Breakthrough Market Segmentation and Personalize it to Meet Your Business Needs…!
Lower Stability and Efficacy Issue Hampers the Market Growth
However, limited access to advanced extraction technologies in developing regions stifles innovation and market growth for plant-based preservatives, putting smaller companies at a disadvantage globally. Additionally, the approval process for new preservatives is cumbersome due to varying regional regulations, resulting in a protracted and complex pathway to market. This regulatory maze can delay product launches and hinder growth, presenting substantial challenges for manufacturers trying to introduce novel plant-based solutions. The approval process for new plant-based preservatives is complex due to varying regional regulations, leading to lengthy and intricate procedures. This regulatory diversity can delay market entry and growth, making it challenging for manufacturers to launch new products effectively.
Innovation and Product Development Foster the Market Growth Opportunities
Furthermore, with the increasing side effects of chemical preservatives and decreased efficacy caused by resistance of commonly used antibacterial and preservative agents, the concerns over the side reduced efficacy of traditional antibacterial agents grow, and there is a notable shift towards 'organic bioantibacterial preservatives.' This demand is driven by the need for safer, more effective alternatives for both environmental and human health. In response, companies are innovating with new products designed for diverse applications. For instance, in November 2022, Inolex announced to launch Lexgard GH70 Natural and Spectrastat GHL Natural, as these products are made using 100% natural, non-palm sources and are especially designed to control microbial growth. Lexgard GH70 Natural and Spectrastat GHL Natural serve as key components developed using Hurdle Technology system, offering antimicrobial control that is particularly suitable for sensitive skin and baby care products, providing wide applications, as these are compatible with solubilizers, making them ideal for clear formulations, due to which the need for more sustainable and effective preservatives can be fulfilled as well as also highlighting a growing trend towards integrating natural solutions in product development and increasing market opportunities.
Know Your Competitors and Strengthen Market Share Effectively
High Demand for Natural Products Expands the Market Growth
In Latin America, the region’s rich biodiversity is being leveraged to explore native plants like açaí and guaraná for their preservative qualities. Recent advances in biotechnological methods have improved the extraction and effectiveness of these plant compounds. This progress is facilitating their use in pharmaceuticals and other industries, offering an eco-friendly alternative to synthetic preservatives. The focus on these native plants underscores the potential of regional biodiversity in providing sustainable solutions for global markets.
The European market is at the forefront of integrating and regulating plant-based preservatives, driven by rigorous food safety standards and environmental regulations, as plant-based preservatives are emerging as a sustainable alternative to synthetic chemicals, resonating with commitment to eco-friendly practices and consumer health. The continent’s rigorous environmental regulations and focus on clean-label products drive the adoption of plant-based preservatives such as rosemary and green tea extracts, that align with consumer preferences for natural ingredients used for their potent antimicrobial properties, particularly in preserving meat and dairy products and expanding market growth.
Moreover, in the Asia-Pacific region, the use of plant-based preservatives is deeply rooted in traditional practices and advanced innovations are modernizing these methods by using nobel formulation techniques as well as researchers are enhancing the efficacy of traditional substances and optimizing them for contemporary food preservation needs and other application to improve food safety, extend shelf life, and meet current market demands.
In the Middle East and Africa, there is a continuous effort to develop low-cost, effective plant-based preservation methods using local plant resources, which aims to address critical food security challenges reduce post-harvest losses, and leverage native plants for enhancing food quality but also supports local agriculture and integrating them in other applications such as cosmetics and pharmaceutical. These efforts are crucial for improving food security in the region and promoting the adoption of natural preservatives by local companies.
Searching for a Country or Region-Specific Report?
Unlock industry complexities with reports crafted for selected countries and regions at Reduced Cost
Regions | Countries |
---|---|
North America | United States, Canada |
Latin America | Brazil, Mexico, Argentina, Colombia, Chile, Central America Countries, Caribbean Countries, Rest of Latin America |
Europe | Germany, United Kingdom, France, Italy, Spain, Russia, Poland, Netherlands, Switzerland, Belgium, Sweden, Austria, Norway, Denmark, Czech Republic, Rest of Europe |
Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Singapore, Malaysia, Philippines, Vietnam, Thailand, Bangladesh, Rest of Asia Pacific |
Middle East and Africa | GCC Countries, South Africa, Nigeria, Egypt, Turkey, Morocco, Ethiopia, Algeria, Israel, Iran, Iraq, Kenya, Rest of MEA |
Plant-Based Preservatives Market Research Report Covers In-depth Analysis on:
- Plant-based preservatives market detailed segments and segment-wise market breakdown
- Plant-based preservatives market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in plant-based preservatives industry)
- Current, historical and forthcoming 10 years market valuation in terms of plant-based preservatives market size (US$ Mn), volume (Tons), share (%), Y-o-Y growth rate, CAGR (%) analysis
- Plant-based preservatives market demand analysis
- Plant-based preservatives market pricing analysis over forecast period (by key segment and by region)
- Plant-based preservatives market regional insights with region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in plant-based preservatives market
- Regulatory landscape by key regions and key countries
- Supply chain and value chain analysis in plant-based preservatives market
- Plant-based preservatives market sales and distribution strategies
- A comprehensive overview of parent market
- A detailed viewpoint on plant-based preservatives market forecast by countries
- Mergers and acquisitions in plant-based preservatives market
- Essential information to enhance market position
- Robust research methodology