The market size of food preservatives is gradually growing and the market concentration is low

Food preservatives, also known as antimicrobials, mainly refer to food additives that can prevent food deterioration, inhibit the growth of microorganisms, and extend the shelf life of food. With the gradual advancement of production technology, the types of food preservatives have become increasingly abundant. According to different sources of ingredients, food preservatives can be roughly divided into natural preservatives, chemical preservatives, etc. Among them, natural preservatives can be subdivided into animal-derived natural preservatives, microbial-derived natural preservatives, plant-derived natural preservatives, etc.; chemical preservatives can be subdivided into ester preservatives, inorganic salt preservatives, acidic preservatives, etc.

At present, food preservatives are mainly used in food, feed, beverage and other fields. Among them, food processing is the largest application field of food preservatives. my country’s large population has a large demand for food, which promotes the rapid development of the food processing market. As my country’s economic level gradually improves, residents’ consumption power gradually increases, and their requirements for food quality and nutritional value gradually increase, which promotes an increasingly rich variety of food. Against this background, the scale of my country’s food industry market has gradually increased. According to data released by the National Bureau of Statistics, in 2022, my country’s food industry operating revenue will be 9,799.19 billion yuan. A year-on-year increase of 5.62%. Food preservatives are one of the important raw materials in the food industry, and their market has been affected to a certain extent.

According to the “China Food Preservatives Industry Market In-depth Research and Development Prospects Forecast Report 2023-2028” released by the Industrial Research Center, Because food contains a large amount of nutrients, it may be contaminated by microorganisms during food production, storage, transportation, etc., which can easily cause food poisoning and other diseases. Food preservatives can effectively inhibit the growth of microorganisms, extend the shelf life, and reduce the risk of food deterioration. Loss. And as long as the content of food preservatives is within a safe range, it will not cause harm to human health. Therefore, food preservatives are widely used in the food manufacturing market. Against this background, the scale of my country’s food preservatives market is gradually growing. In 2022, my country’s food preservative market size will be 72.14 billion yuan, a year-on-year increase of 12.14%.

Industry analysts said that at this stage, there are a large number of food preservative companies and the market concentration is low. The main food preservative companies in my country include Runpu Food, Better Food, Huaweiheng Biology, Midaner Trading, Damin Food, Bio-Chemical, etc. In addition, there are many small and medium-sized enterprises in my country’s food preservative market. These enterprises have relatively single product types, small industrial scale, and weak market competitiveness. As my country’s food preservative market continues to develop, market competition has become increasingly fierce. In order to seize market share, large companies continue to conduct product research and development, and their product categories are becoming increasingly rich. However, due to small R&D investment and slow product development speed, small and medium-sized food preservative companies may be gradually eliminated by the market, and their market concentration is expected to increase in the future.