Asia Pacific Food Preservatives Market Size & Outlook
Asia Pacific food preservatives market, 2016-2030 (US$M)
Related Markets
Asia Pacific food preservatives market highlights
- The Asia Pacific food preservatives market generated a revenue of USD 892.9 million in 2023.
- The market is expected to grow at a CAGR of 6.6% from 2024 to 2030.
- In terms of segment, conventional was the largest revenue generating label in 2023.
- Clean Label is the most lucrative label segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 892.9 million |
| Market revenue in 2030 | USD 1,400.7 million |
| Growth rate | 6.6% (CAGR from 2023 to 2030) |
| Largest segment | Conventional |
| Fastest growing segment | Clean Label |
| Historical data covered | 2016 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Clean Label, Conventional |
| Key market players worldwide | Cargill, Kemin Industries, Archer-Daniels Midland Co, Tate & Lyle PLC, Koninklijke DSM NV, Basf SE, Celanese Corp Class A, Corbion NV, Kerry Group PLC Class A |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 30.0% of the global food preservatives market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,400.7 million by 2030.
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Food Preservatives Market Scope
Food Preservatives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific food preservatives market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to food preservatives market will help companies and investors design strategic landscapes.
Conventional was the largest segment with a revenue share of 72.24% in 2023. Horizon Databook has segmented the Asia Pacific food preservatives market based on clean label, conventional covering the revenue growth of each sub-segment from 2016 to 2030.
Food preservatives market in Asia Pacific is growing at a significant rate, and the growth is driven by food & beverage industry, particularly in China and India. Increasing food consumption and rise in the demand for ready-to-eat food by working population are the factors driving food preservatives market.
The countries in Southeast Asia are growing at a faster GDP compared with that of other developed economies of the globe. Rapid urbanization and increasing purchasing power parity of middle-class population for premium-priced foods are also augmenting the growth of food preservatives market in Asia Pacific.
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Target buyers of Asia Pacific food preservatives market databook
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Our clientele includes a mix of food preservatives market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific food preservatives market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific food preservatives market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific food preservatives market size, by country, 2016-2030 (US$M)
Asia Pacific Food Preservatives Market Outlook Share, 2023 & 2030 (US$M)
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