Fruit Preservatives Market Trends

  • Report ID: 3112
  • Published Date: Dec 24, 2024
  • Report Format: PDF, PPT

Fruit Preservatives Market Trends

Growth Drivers

  • Growing Awareness for Fruit Preservatives
  • Increasing Trade of Fruits

Challenges

  • High Cost of Fruit Preservatives
  • Stringent Government Regulations for the Use of the Preservatives

Fruit Preservatives Market: Key Insights

Chemicals Industry

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Programme), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labor as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Base Year

2024

Forecast Year

2025-2037

CAGR

3.6%

Base Year Market Size (2024)

USD 282.21 million

Forecast Year Market Size (2037)

USD 446.94 million

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:


Author Credits:  Parul Atri


  • Report ID: 3112
  • Published Date: Dec 24, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of fruit preservatives is assessed at USD 290.85 million.

Fruit Preservatives Market size was over USD 282.21 million in 2024 and is projected to reach USD 446.94 million by 2037, witnessing around 3.6% CAGR during the forecast period i.e., between 2025-2037.

North America industry is likely to account for largest revenue share by 2037, on the back of growing demand from consumers for fruits along with the rising demand for ready to eat fruits.

The major players in the market are Kemin Industries, Inc., Corbion N.V., Kerry Inc., Galactic SA/NV, DuPont de Nemours, Inc., Archer Daniels Midland Company (ADM), Apeel Sciences, DSM, Cargill, Incorporated, and others.
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