Nisin Market is anticipated to grow at a CAGR of ~3.2% from 2020 to 2030.
Market Industry Reports (MIR) has published a new report titled “Nisin Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020–2030.” According to the report, the Global Nisin Market accounted for over US$ 400 million in 2019. It is anticipated to grow at a CAGR of ~3.2% from 2020 to 2030.
Nisin is a bio-preservative that is produced by fermenting food-grade bacteria, Lactococcus Lactis. In terms of chemical composition, it is a polycyclic antibacterial peptide that is utilized as a natural preservative across the food & beverage industry. It is generally effective across a pH range of 3.5 to 8 and increases the shelf life of food products and beverages. It consists of approximately 34 amino acid residues, including lanthionine (Lan), methyllanthionine (MeLan), and didehydroalanine (Dha). It is also a preferred preservative in the pharmaceutical industry.
The growing popularity of organic food coupled with the increasing preference for natural preservatives are driving the growth of the nisin market. The number of health-conscious consumers across the globe is also increasing rapidly, further boosting the market growth. The applicability of nisin in a broad spectrum of food & beverages is a crucial factor that will influence the market positively during the forecast period. However, the high prices of natural preservatives, such as nisin, and a complex manufacturing process may hamper the market growth to a certain extent.
The awareness regarding the benefits offered by organic food and natural preservatives, such as nisin, among consumers is rising. The buying patterns of such consumers are often influenced by ingredients contained in the food that they are buying. This will boost the popularity of nisin among health-conscious consumers and propel the market growth. However, most food & beverage manufacturers quote higher prices for food containing organic ingredients and natural preservatives to extract more profits from the sale. This may encourage customers to consider the non-organic as well as other organic counterparts.
Browse key industry insights spread across 160 pages with market data tables & figures & charts from the report, Nisin Market By Application (Dairy Products; Meat, Poultry, & Seafood; Bakery & Confectionery; Canned & Frozen Food; and Beverages) – Global Analysis and Forecast 2020-2030 in detail along with the table of contents:https://www.marketindustryreports.com/nisin-market/381
COVID-19 pandemic and the resulting lockdowns in several countries will pose new challenges for the food & beverage industries. Alongside labor and transportation issues that the pandemic has caused, it may also hamper the demand for nisin that is generated from these industries.
In terms of new opportunities, the market scenario seems favorable due to the rising demand for nisin and reduced production costs as a result of technological advancements. Moreover, the rising population in regions, such as the Asia Pacific, will present opportunities for such regions to emerge as growing markets.
North America dominated the nisin market in 2019 owing to the high demand for organic foods & preservatives and Europe held the second-largest market share owing to the presence of established players. However, the nisin market in the Asia Pacific has several established players as well as new entrants and will grow at the highest CAGR during the forecast period. This growth in the Asia Pacific can be attributed to increasing per capita income and growing disposable income coupled with rising population and rapid urbanization.
Some of the key players in the global nisin market include DSM N.V., DuPont, Handary S.A., Mayasan Biotech, Cayman Chemicals, Galactic, Shandong Freda Biotechnology Co. Ltd., Chihon Biotechnology Co. Ltd., Zhejiang Silver-Elephant Bioengineering, and SIVEELE B.V., among others.
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