Summary

Due to busy work schedules, the demand for on-the-go meals is increasing, leading to a growth in the production of convenience foods and beverages. Furthermore, consumer awareness of clean-label and natural ingredients in food is expanding, which is increasing demand in the country for natural, organic, and plant-based additives and preservatives. The food processing business in India has grown significantly as a result of factors such as changing customer preferences, urbanisation, and an increase in disposable income. As the food processing industry grows, so does the demand for food preservatives to maintain product quality, extend shelf life, and reduce spoilage. India has a large population with a diversified set of eating habits and tastes. This diversity translates into a wide range of processed and packaged food products, many of which require preservatives to enhance their shelf life and maintain taste and freshness. The colourful and aromatic spices that characterise Indian food are well known. Some spices, such as fenugreek, mustard, and asafoetida, are used in pickles and other preserved foods because they have natural preservation characteristics. Innovative packaging solutions that increase the shelf life of food goods without the use of excessive preservatives have been used in India. Vacuum packing and modified atmosphere packaging (MAP) are two examples of such technologies. With a long history of Ayurveda, India has seen an increase in the use of herbal and plant-based preservatives. Natural substances such as neem, turmeric, cloves, and cinnamon are thought to have preservation characteristics and are used as an alternative to synthetic preservatives in certain food products.

According to the research report "India Food Preservatives Market Overview, 2028," published by Bonafide Research, the India Food Preservatives market is anticipated to grow at 7.48% CAGR from 2023 to 2028. Natural antioxidants derived from Indian fruits and vegetables are increasingly being used to replace synthetic antioxidants in food products. Alternatives are being investigated, including vitamin C from Indian gooseberry (amla) and vitamin E from diverse plant sources. In India, fermentation is a traditional method of food preservation. Fermented foods like yoghurt, idli, dosa, pickles, and kanji (a fermented drink) are not only popular but also act as a natural preservation method. India has seen the introduction of new preservation techniques that use procedures such as high-pressure processing (HPP), pulsed electric field (PEF), and cold plasma therapy to preserve foods without compromising nutritional quality as food technology has advanced. Pickles are an essential part of Indian cuisine and are made by preserving vegetables or fruits in a mixture of spices, oil, and vinegar. The preservative properties of spices and vinegar help keep pickles fresh for an extended period. The food processing business in India has grown significantly as a result of urbanisation, changing lifestyles, and an increase in disposable income. As the processed food industry grows, so does the demand for food preservatives to maintain product quality and extend shelf life. Furthermore, urbanisation and hectic lifestyles have raised demand for ready-to-eat food products. Food preservatives are essential in increasing the shelf life of these items, making them more appealing to consumers looking for quick and easy meal options. As income levels rise and eating patterns change, there is a greater preference for packaged and processed foods, such as snacks, ready-to-eat meals, and convenience foods. Food preservatives are required to ensure that these goods remain safe and preserve their quality.

The type of the market include, synthetic and natural. Majority of the market is dominated by synthetic type. Furthermore, the natural type is expected to be the fastest growing type during the forecast period. In India, there is an increasing demand for clean-label products, which means that customers want to know and comprehend the contents indicated on product labels. Natural food preservatives match this trend well because they are generated from recognisable sources and are easily understood by consumers. Natural substances have long been used for medical and culinary purposes in India. The ancient practise of employing herbs, spices, and plant extracts as preservatives is being revived and incorporated into modern food items. Based on function market is divided into antimicrobials, antioxidants and other functions (color retention, flavor enhancement, texture modification, moisture retention, stability improvement, etc.). The antioxidants function is gaining popularity in India and is expected to grow with highest CAGR of the market during the forecast period. In India, there is a growing interest in functional foods and nutraceuticals, which are items that provide health advantages in addition to basic nourishment. Antioxidants are frequently regarded as helpful functional components, leading to their inclusion in a wide range of food and beverage items. Ayurveda and other traditional medicine systems in India have a long history of employing herbs and natural components for medical purposes. The use of antioxidant-rich herbs and spices in food products corresponds with this traditional understanding and appeals to consumers looking for natural health and well-being solutions.

Based on application market is divided into meat, poultry, and seafood products, beverages, confectionery, bakery products, snacks, dairy and frozen products and other applications (fruits and vegetables, sauces and condiments, eggs, baby food, pet food, functional foods, health and nutritional supplements, etc.). The market is dominated by meat, poultry and seafood products. Furthermore during the anticipated time frame the beverages application is predicted to grow at the fastest rate. Beverages, particularly those in ready-to-drink or packaged forms, require a longer shelf life to assure their availability and freshness over time. Food preservatives serve to keep beverages fresh by preventing spoiling, microbial development, and oxidation. Carbonated soft drinks, fruit juices, energy drink, packaged tea and coffee, flavouring water, and sports drinks are among the items available in the Indian beverage market. To maintain their distinct qualities and quality, each of these beverages may necessitate the use of specialised preservatives. Demand for processed and packaged beverages is increasing as urbanisation and the retail sector expand. Preservatives are required to keep these products safe and stable during distribution, storage, and display.

Considered in this report:
• Geography: India
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• India Food Preservatives market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type:
• Synthetic
• Natural

By Function:
• Antimicrobials
• Antioxidants
• Other Functions (Color retention, Flavor enhancement, Texture modification, Moisture retention, Stability improvement, etc.)

By Application:
• Meat, Poultry, and Seafood Products
• Beverages
• Confectionery
• Bakery Products
• Snacks
• Dairy and Frozen Products
• Other Applications (Fruits and Vegetables, Sauces and Condiments, Eggs, Baby Food, Pet Food, Functional Foods, Health and Nutritional Supplements, etc.)

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Food Preservatives industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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Table of Contents

Table of Contents

1. Executive Summary
2. Market Structure
2.1. Market Considerate
2.2. Assumptions
2.3. Limitations
2.4. Abbreviations
2.5. Sources
2.6. Definitions
2.7. Geography
3. Research Methodology
3.1. Secondary Research
3.2. Primary Data Collection
3.3. Market Formation & Validation
3.4. Report Writing, Quality Check & Delivery
4. India Macro Economic Indicators
5. Market Dynamics
5.1. Key Findings
5.2. Key Developments - 2021
5.3. Market Drivers & Opportunities
5.4. Market Restraints & Challenges
5.5. Market Trends
5.6. Covid-19 Effect
5.7. Supply chain Analysis
5.8. Policy & Regulatory Framework
5.9. Industry Experts Views
6. India Food Preservatives Market Overview
6.1. Market Size By Value
6.2. Market Size and Forecast By Type
6.3. Market Size and Forecast By Function
6.4. Market Size and Forecast By Application
7. India Food Preservatives Market Segmentations
7.1. India Food Preservatives Market, By Type
7.1.1. India Food Preservatives Market Size, By Synthetic, 2017-2028
7.1.2. India Food Preservatives Market Size, By Natural, 2017-2028
7.2. India Food Preservatives Market, By Function
7.2.1. India Food Preservatives Market Size, By Antimicrobials, 2017-2028
7.2.2. India Food Preservatives Market Size, By Antioxidants, 2017-2028
7.2.3. India Food Preservatives Market Size, By Other Functions, 2017-2028
7.3. India Food Preservatives Market, By Application
7.3.1. India Food Preservatives Market Size, By Meat, Poultry, and Seafood Products, 2017-2028
7.3.2. India Food Preservatives Market Size, By Beverages, 2017-2028
7.3.3. India Food Preservatives Market Size, By Confectionery, 2017-2028
7.3.4. India Food Preservatives Market Size, By Bakery Products, 2017-2028
7.3.5. India Food Preservatives Market Size, By Snacks, 2017-2028
7.3.6. India Food Preservatives Market Size, By Dairy and Frozen Products, 2017-2028
7.3.7. India Food Preservatives Market Size, By Others, 2017-2028
8. India Food Preservatives Market Opportunity Assessment
8.1. By Type, 2023 to 2028
8.2. By Function, 2023 to 2028
8.3. By Application, 2023 to 2028
9. Competitive Landscape
9.1. Porter's Five Forces
9.2. Company Profile
9.2.1. Company 1
9.2.1.1. Company Snapshot
9.2.1.2. Company Overview
9.2.1.3. Financial Highlights
9.2.1.4. Geographic Insights
9.2.1.5. Business Segment & Performance
9.2.1.6. Product Portfolio
9.2.1.7. Key Executives
9.2.1.8. Strategic Moves & Developments
9.2.2. Company 2
9.2.3. Company 3
9.2.4. Company 4
9.2.5. Company 5
9.2.6. Company 6
9.2.7. Company 7
9.2.8. Company 8
10. Strategic Recommendations
11. Disclaimer

List of Figures

Figure 1: India Food Preservatives Market Size By Value (2017, 2022 & 2028F) (in USD Million)
Figure 2: Market Attractiveness Index, By Type
Figure 3: Market Attractiveness Index, By Function
Figure 4: Market Attractiveness Index, By Application
Figure 5: Porter's Five Forces of India Food Preservatives Market

List of Table

Table 1 : Influencing Factors for Global Food Preservatives Market, 2022
Table 2: India Food Preservatives Market Size and Forecast By Type (2017, 2022 & 2028F)
Table 3: India Food Preservatives Market Size and Forecast By Function (2017, 2022 & 2028F)
Table 4: India Food Preservatives Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 5: India Food Preservatives Market Size of Synthetic (2017 to 2028) in USD Million
Table 6: India Food Preservatives Market Size of Natural (2017 to 2028) in USD Million
Table 7: India Food Preservatives Market Size of Antimicrobials (2017 to 2028) in USD Million
Table 8: India Food Preservatives Market Size of Antioxidants (2017 to 2028) in USD Million
Table 9: India Food Preservatives Market Size of Other Functions (2017 to 2028) in USD Million
Table 10: India Food Preservatives Market Size of Meat, Poultry, and Seafood Products (2017 to 2028) in USD Million
Table 11: India Food Preservatives Market Size of Beverages (2017 to 2028) in USD Million
Table 12: India Food Preservatives Market Size of Confectionery (2017 to 2028) in USD Million
Table 13: India Food Preservatives Market Size of Bakery Products (2017 to 2028) in USD Million
Table 14: India Food Preservatives Market Size of Snacks (2017 to 2028) in USD Million
Table 15: India Food Preservatives Market Size of Dairy and Frozen Products (2017 to 2028) in USD Million
Table 16: India Food Preservatives Market Size of Others (2017 to 2028) in USD Million