Fruit Preservatives Market Size

Fruit Preservatives Market size was valued at USD 272.4 million in 2023 and is likely to reach USD 431.4 million by 2036, registering around 3.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of fruit preservatives is estimated at USD 280.25 million.

The growth of the market can be attributed to the growing usage of preservatives for different types of fruits in order to avoid their spoilage along with the changing consumer preferences towards fruits. Further, growing production of fruits worldwide, followed by the surge in the demand for ready to eat fruits, along with the growing demand for preservatives from fruit & beverage industry in order to stop the development of disease in fruits, are anticipated to drive the fruit preservatives market growth during the forecast period. On the other hand, the growing awareness for organic preservatives and the need to lower wastage of fruits so as to align with the targets of the sustainable development goals (SDGs) of the United Nations, are also anticipated to drive the market growth. Additionally, increasing trade on fruits and fruit products worldwide is raising the need among the cultivators and processors of fruits to use preservatives to enhance the shelf life of the products, which is also anticipated to drive the market growth.