The global Nisin Market is estimated to be valued at US$ 176.72 Bn in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Nisin is a polycyclic antibacterial peptide produced by Lactococcus lactis that is used as a food preservative. It helps extend the shelf life of products by inhibiting pathogenic and spoilage bacteria. It is commonly used in processed cheese, milk, butter, canned foods and meat products.
Market key trends:
One of the key trends in the nisin market size is the rising demand for clean label and natural preservatives. Consumer preference for natural, minimally processed and less chemically treated food products is increasing significantly. Food manufacturers are focusing on developing clean label products by replacing synthetic preservatives with nisin. Furthermore, the growth of the packaged food industry globally is also propelling the demand for various food preservatives including nisin. Rising health awareness and changing lifestyle have increased the demand for packaged and convenience food products that require preservatives to increase shelf life.
SWOT Analysis
Strength: Nisin is a natural bio-preservative produced through the fermentation of Lactococcus lactis. It offers characteristics like broad-spectrum antibacterial activity and heat stability which makes it an effective food preservative.
Weakness: Nisin faces competition from synthetic chemical preservatives which are relatively cheaper. Its bactericidal effect is limited only to gram-positive bacteria.
Opportunity: Rising demand for clean label and natural preservatives from the food industry due to increasing health concerns presents an opportunity for growth. Growing food processing industry worldwide also supports the demand for Nisin.
Threats: Stringent regulations associated with the approval and application of Nisin differ across countries which poses a challenge. Volatility in raw material prices can increase the overall cost of Nisin.
Key Takeaways
The global Nisin market is expected to witness high growth, exhibiting CAGR of 7.3% over the forecast period, due to increasing demand for clean label and natural food preservatives.
Regional analysis: Europe dominates the global Nisin market currently holding around 35% of the global share due to stringent regulations prohibiting the use of chemical preservatives. Asia Pacific is projected to be the fastest growing market stimulated by rising health awareness and increasing meat consumption in countries like China and India.
Key players operating in the Nisin market are DSM,Galactic,Shandong Freda Biotechnology,Siveele B.V.,DuPont,Handary S.A.,Cayman Chemical,Chihon Biotechnology,Amtech Biotech,Zhejiang Silver-Elephant Bioengineering,Mayasan Biotech. DSM accounted for over 25% of global supply in 2021 and focuses on capacity expansion to leverage opportunities in Asia Pacific and South America.
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