The Latin America Food Preservatives Market Size was estimated at USD 0.22 Billion in 2024 and is projected to reach USD 0.30 Billion by 2032, at a CAGR of 4.05% during the forecast period from 2024 to 2032.
Preservatives are used to enhance the quality of food item, to improve the appearance and also to extend the shelf-life. They are the best and most feasible option in order to maintain the food quality and avoid microbial growth due to which the food product may get spoilt.
In the emerging markets of Latin America, there is a great increase in the demand for processed food, due to change in lifestyle and adoption of western lifestyle. Due to this, the demand for food preservatives is slowly increasing, thus, elevating the market growth.
But, government regulations and ill-effects of synthetic preservatives may constrain the market growth.
Benzoic acid and Sodium benzoate are the most preferred preservatives, followed by sorbates. Sea food products, processed meat and poultry consume the major share of Latin America food preservatives market. Beverage industry is the major consumer for preservatives, followed by meat industry.
With the emerging economies, growing industrialization, increasing demand for processed foods, and consumer preference for quality products, ingredient suppliers are becoming increasingly optimistic about the growth of the food & beverage industry with increasing demand for food preservatives in the Latin America region.
Major Key Players in the Latin America Food Preservatives Market are BASF SE, Cargill Incorporated, Celanese Corporation, Chr. Hansen A/S, Kerry Group, Koninklijke DSM N.V, The Archer Daniels Midland Company, Corbion N.V, DuPont and JEY’S F.I. Inc
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