In terms of value, the green preservatives industry is estimated to grow from USD 1.1 billion in 2023 to USD 1.5 billion by 2028, at a CAGR of 7.1%. Rising demand for natural preservatives from industries such as food & beverage, personal care & cosmetic, cleaning industry, pharmaceuticals, and others for a variety of applications is leading the market. During the forecast period, this is anticipated to expand the green preservatives market even more.
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The major players in this market are Kerry Group (Ireland), Kemin Industries, Inc. (US), Corbion N.V. (Netherlands), LANXESS AG (Germany), BASF SE (Germany), International Flavors & Fragrances Inc. (US), Dow Inc. (US), DSM-Firmenich AG (Netherlands), Symrise AG (Germany), Givaudan SA (Switzerland), and Clariant AG (Switzerland) are key players in the green preservatives market. These companies have gained recognition for producing diverse green preservative types utilized in multiple industries. In response to the growing demand for green preservatives in various applications, market participants are primarily emphasizing research and development efforts.
Kerry Group is a multinational company known for its diverse range of products. The company has a strong presence in the green preservatives market. The company serves various end-use industries such as food & beverage, personal care & cosmetic, cleaning industry, pharmaceuticals, and others. The green preservatives section of Kerry Group is renowned for its creativity and commitment to research and development. For instance, in September 2021, Kerry Group has announced its acquisition of Niacet. The company’s growth is accelerated through this acquisition, which also adds complementary technology to reinforce its leadership position. With a wider range of preservation options and cutting-edge food safety methods to complement its comprehensive taste and nutrition portfolio, Kerry Group will be better equipped to tackle the most challenging food safety problems. This acquisition will help the company to develop infinite possibilities in the green preservatives market.
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Kemin Industries, Inc.
Kemin Industries, Inc. is a key player in the green preservatives market, known for producing and supplying green preservatives materials for various uses. They prioritize research and development to meet the rising demand in diverse industries such as food & beverage, personal care & cosmetic, cleaning industry, pharmaceuticals, and others. One of the top manufacturers of green preservatives, Kemin Industries, Inc., the company’s commitment to innovation, sustainability, and product quality positions them as a leading contributor to the green preservatives market’s growth and development. The company is focused on expanding its green preservatives segment to satisfy consumer demand. For instance, in April 2021, Kemin Industries, Inc. has announced its acquisition of Proteous Industries Inc. with which the company’s food technologies range of ingredient solutions gains access to sustainable clean label yield increase technologies.
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