Global Nisin Market

Nisin Market is in Trends by Growing Demand for Natural Preservatives

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The global Nisin market provides natural antimicrobial agents to inhibit bacterial growth and food spoilage. Nisin is a polycyclic antibacterial peptide produced by certain strains of Lactococcus lactis bacteria during milk fermentation. It helps extend the shelf life of products by preventing pathogens from multiplying. The food and beverages industry widely utilizes nisin for its applications in dairy, meat, and alcoholic beverages to replace chemical preservatives.

The Global Nisin Market is estimated to be valued at US$ 203.59 Mn  in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 to 2030.

Key Takeaways

Key players operating in the Nisin market are Chevron Phillips Chemical Company, BASF SE, Evonik Industries AG, Arkema Group, Solvay SA, Taizhou Sunny Chemical Co., Ltd., Arkema Group, Prasol Chemicals Pvt. Ltd., TCI Chemicals (Tokyo Chemical Industry Co., Ltd.), Apollo Scientific Ltd., Sasol Ltd., Merck KGaA, Lanxess AG, Zhejiang Weihua Chemical Co., Ltd., Tokyo Chemical Industry UK Ltd. The growing demand for natural preservatives from various industries such as food and beverages, pharmaceutical, and agriculture is fueling the growth of the nisin market. Companies are expanding their production facilities globally to meet the rising demand for nisin.

Growing demand for natural preservatives: The rising health consciousness among consumers has increased the demand for products containing natural ingredients without any harsh chemicals. Nisin being a natural preservative helps manufacturers offer products made from natural components. Moreover, stringent regulations on chemical preservatives are further propelling the demand.

Global expansion of market: Leading players in the nisin market are expanding their production facilities globally to tap the growth opportunities. For instance, DuPont expanded its production capacity in Wisconsin to cater to the rising demand from the US and Latin American markets. Danisco opened a new production facility in Argentina to strengthen its presence in South America. The growing export demand is encouraging companies to expand globally.

Market key trends

One of the key trends gaining traction in the Global Nisin Market Size is the increasing applications of nisin in pharmaceutical products. Traditionally used as a food preservative, nisin is now being utilized as a natural antibacterial agent in ointments, mouthwashes, and other medicinal products. It effectively inhibits pathogens and helps treat various infections. The growing demand for natural remedies is driving the use of nisin in pharmaceutical formulations. Additionally, innovation in production technologies is allowing industry players to reduce manufacturing costs and prices of nisin to make it more affordable for applications across diverse sectors.

Porter’s Analysis

Threat of new entrants: High barriers to entry due to requirement of large initial investments and manufacturing plants.

Bargaining power of buyers: Moderate since buyers have option of substitutes but nisin provides unique benefits

Bargaining power of suppliers: Low. Suppliers are fragmented and raw materials required for production are available globally from multiple sources

Threat of new substitutes: Moderate threat from substitutes with lysozyme and natamycin being potential substitutes

Competitive rivalry: High due to presence of many global players operating in the fragmented industry

Geographical Regions

North America accounts for the largest market share in terms of value due to large food processing industry and stringent safety norms. Asia Pacific is the fastest growing regional market owing to increasing consumption of processed food in countries like China and India.

Europe holds the second largest share globally due to high awareness about food safety and rapid growth of pharmaceutical industry in countries like Germany, UK and France. Japan also represents an important market driven by growing health concerns and expanding pharmaceutical sector.

 

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it

Ravina
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Ravina Pandya,  Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals.