DUBAI, UAE, Nov. 02, 2022 (GLOBE NEWSWIRE) — According to FMI, the global Vegetable Preservatives Market Projected to grow from $3.1 billion in 2022 to $5.8 billion in 2032, with total sales accelerating at a robust CAGR of 6.6% throughout the forecast period.
The increasing preference for natural food preservatives over chemical preservatives is a key factor driving the increase in sales of vegetable preservatives in the global market and the trend is likely to continue during the forecast period.
Similarly, the market for plant-based preservatives is likely to grow faster in the coming years as consumers become more aware of health issues. Increased use of a variety of plant-based preservatives in conjunction with other chemical preservatives in the food and beverage industry is expected to drive market growth over the next decade.
Additionally, the rising trend towards clean-label goods that are essentially free of additives, especially synthetic versions, is expected to drive the growth of the global plant-based preservatives market during the assessment period.
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Key takeaways by Mmarket survey
- Based on the source, the herbs and spices segment is expected to grow at a healthy pace during the forecast period.
- North America is expected to account for around 38% of the global market share for plant-based preservatives.
- The US currently accounts for 65% of all plant-based preservatives in North America…
