The Green Preservatives Market Size was valued at USD 1.25 Bn in 2023 and is predicted to reach USD 2.06 Bn by 2031 at a 6.68% CAGR during the forecast period for 2024-2031.
Green preservatives are produced using plants, essential oils, minerals, and other natural elements. Hence, the adoption of green preservatives is expected to increase in the near future as concerns grow over eco-consciousness, perceived safety, and association with consumer preferences for natural, ecological products. Increasing adoption of eco-friendly alternatives to synthetic preservatives safe, organic, and clean label products is expected to drive the growth of the global green preservatives market. Manufacturers use green preservatives to fulfil consumer demands with more natural ingredients, boosting their adoption in various industries such as personal care, food & beverages, pharmaceuticals, and food packaging. These are other factors expected to augment the target market growth. The increasing adoption of organic and clean-label products globally will boost market expansion in the coming years.
However, the high cost of green preservatives and availability of synthetic Preservatives, coupled with the COVID-19 outbreak, may limit the target market's growth during the forecast period. Furthermore, increasing R&D activities, government initiatives to use sustainable components for production, and investments by prominent players are expected to create lucrative growth opportunities in revenue for players operating in the global green preservatives market over the forecast period.
The green preservatives market is segmented by application and type. Based on application, the market is segmented into food and beverages, pharmaceuticals, cosmetics, the cleaning industry, and others. By type, the market is segmented into natural preservatives, essential oil, organic acid, synthetic, and others.
The food and beverages segment is expected to hold a major share of the global green preservatives market in 2023. This is attributed to the growing usage of natural and organic products, mostly in the food and beverage market, and the rising awareness of people about their health, which is anticipated to increase market growth. Additionally, the rising use of preservatives in food and beverage products is often influenced by the changing standards and regulatory environment within the sector.
The natural preservative segment is projected to increase in the global green preservatives market owing to growing concerns about synthetic preservatives' harmful effects on health. Hence, the growing popularity of natural preservatives is highly influenced by their effectiveness in preserving product quality and product safety, and also there is an increase in demand for green preservatives in the packaging industry, especially in countries such as the US, Germany, UK, China, and India.
The North American green preservatives market is expected to register the highest market share in terms of revenue in the near future. This can be attributed to the strong focus on the environment in the region, with the increasing adoption of green preservatives in different industries, including food & beverages, personal care, packaging, and others. In addition, the region's chemical industry is focusing on producing green preservatives to develop sustainable and environmentally friendly solutions. Growing demand for green products across sectors and widespread adoption of green preservatives in the production of intermediate Preservatives in the region are factors increasing the growth of the target market in the region. In addition, Asia Pacific is projected to grow rapidly in the global green preservatives market due to growing environmental concerns, rapid health consciousness, government initiatives, and increasing funding in various industries.
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Report Attribute |
Specifications |
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Market Size Value In 2023 |
USD 1.25 Bn |
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Revenue Forecast In 2031 |
USD 2.06 Bn |
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Growth Rate CAGR |
CAGR of 6.68% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Type, By Application and By Region |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
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Competitive Landscape |
Kerry Group plc., Kemin Industries, Inc., Corbion, LANXESS, Ashland, International Flavors & Fragrances Inc., Dow, dsm-firmenich, Symrise, Givaudan, CLARIANT, BASF SE, Croda International Plc, Evonik Industries AG, Lonza, and Others |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Green Preservatives Market Snapshot
Chapter 4. Global Green Preservatives Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Type Estimates & Trend Analysis
5.1. by Type & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Type:
5.2.1. Natural Preservative
5.2.2. Essential Oil
5.2.3. Organic Acid
5.2.4. Synthetic
5.2.5. Others
Chapter 6. Market Segmentation 2: by Application Estimates & Trend Analysis
6.1. by Application & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Application:
6.2.1. Food and Beverages
6.2.2. Pharmaceutical
6.2.3. Cosmetics
6.2.4. Cleaning Industry
6.2.5. Others
Chapter 7. Green Preservatives Market Segmentation 3: Regional Estimates & Trend Analysis
7.1. North America
7.1.1. North America Green Preservatives Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
7.1.2. North America Green Preservatives Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.1.3. North America Green Preservatives Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
7.2. Europe
7.2.1. Europe Green Preservatives Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
7.2.2. Europe Green Preservatives Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.2.3. Europe Green Preservatives Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
7.3. Asia Pacific
7.3.1. Asia Pacific Green Preservatives Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
7.3.2. Asia Pacific Green Preservatives Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.3.3. Asia Pacific Green Preservatives Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
7.4. Latin America
7.4.1. Latin America Green Preservatives Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
7.4.2. Latin America Green Preservatives Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.4.3. Latin America Green Preservatives Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
7.5. Middle East & Africa
7.5.1. Middle East & Africa Green Preservatives Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
7.5.2. Middle East & Africa Green Preservatives Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.5.3. Middle East & Africa Green Preservatives Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles
8.2.1. Kerry Group plc.
8.2.2. Kemin Industries, Inc.
8.2.3. Corbion
8.2.4. LANXESS
8.2.5. Ashland
8.2.6. International Flavors & Fragrances Inc.
8.2.7. Dow
8.2.8. dsm-firmenich
8.2.9. Symrise
8.2.10. Givaudan
8.2.11. CLARIANT
8.2.12. BASF SE
8.2.13. Croda International Plc
8.2.14. Evonik Industries AG
8.2.15. Other Prominent Players
Green Preservatives Market- By Application
Green Preservatives Market-By Type
Green Preservatives Market-By Region
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
