Preservatives Market is expected to expand at a CAGR of 5.1% from 2020 to 2028.
Preservatives Industry Overview The global preservatives market size was valued at USD 5.43 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.1% from 2020 to 2028. Increasing demand for long-lasting food products coupled with concerns about quality and safety in pharmaceutical and cosmetic products have contributed to the demand for preservatives. Rapid urbanization and an increasing number of working individuals across the globe are driving the demand for convenience foods. This demand has triggered the food processing companies to add preservatives to their products to extend the shelf life without compromising on the quality, thereby augmenting the market growth. Gather more insights about the market drivers, restrains and growth of the Global Preservatives Market Rising demand for cosmetics coupled with the growing aging population is primary factors contributing to the product demand. With cosmetic manufacture...