Nisin Market: Segmented: By Type (Powder, and Liquid), By Application (Food and Beverages, Meat and Poultry Products, Dairy Products, Bakery and Confectionery, Canned Products, Pharmaceuticals, Cosmetics and Personal Care, and Others), And Region - Global Analysis of Market Size, Share & Trends For 2021-2022 And Forecasts To 2032
[ 170 + Pages Research Report ] Nisin Market to surpass USD 776.9 million by 2032 from USD 383 million in 2021 at a CAGR of 6.6% in the coming years, i.e., 2022-32.
Nisin is used as a preservative in food items. It is a polycyclic antibacterial peptide that is produced by the bacterium Lactococcus lactis. It is considered a safe and natural preservative used in human foods. Nisin increases the shelf life of food items by preventing microbial growth and food spoilage. It is effective in killing both gram-positive and gram-negative bacteria. Nisin is available in powder and liquid form in the market. Nisin is widely used in dairy products, food and beverages, meat and poultry products, canned products, pharmaceuticals, bakery and confectionery, cosmetics and personal care, and others.
Nisin market is expected to project a notable CAGR of 6.6% in 2032.
Rising demand of pre-processed, frozen and packaged food products such as instant noodles, ready-to-eat meals, etc., growing consumption of meat and dairy products, growing health awareness and inclination towards natural preservatives are driving the growth of the Nisin Market.
Powder segment holds the largest market share
Nisin market is classified on the basis of type into Powder, and Liquid. Powder segment is dominating the market with the largest market share. The growth is attributed to the large-scale use of Nisin as it can be used in wide variety of food items. Powdered Nisin is easy to use and can be mixed easily which is propelling the growth of the market.
Food and Beverages segment dominates the market share
Nisin market is fragmented on the basis of application into Food and Beverages, Meat and Poultry Products, Dairy Products, Bakery and Confectionery, Canned Products, Pharmaceuticals, Cosmetics and Personal Care, and Others. Food and Beverages segment is dominating the market with the largest share. Huge demand of food preservatives in foods and beverages products will propel the growth of the segment. Furthermore, dairy products and meat & poultry products are projected to grow at a significant rate during the forecast period.
Rising Demand for Packaged and Frozen Foods
Rapid urbanization along with increase in the number of working populations has induced the demand for pre-processed, frozen and packaged food products such as instant noodles, ready to eat meals, etc. Also, growing consumption of meat and dairy products has boosted the demand for food preservatives to increase the shelf life of the products. Hectic and busy schedules and rise in disposable income of individuals are leading to the rise in consumption of comfort food items, which is providing favorable conditions for the growth of Nisin market.
Growing Health Awareness and Inclination Towards Natural Preservatives
Over the period of time, consumers have gained awareness about the ill effects of chemical preservatives which is driving the market growth. Consumers have become health conscious and therefore are gravitating towards natural food products owing to their huge health benefits. To cater the growing demand of natural products, manufacturers are indulging in the development of nutritional and healthy food products and are using natural food preservatives to increase the shelf life, which is boosting the growth of Nisin Market.
High Cost of Production and Competition from Artificial Preservatives
The production process of Nisin is very expensive and complex which is dampening the market growth. Moreover, artificial preservatives are a major threat for the market growth as they are comparatively cheaper and hence are preferred by the manufacturers.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Nisin market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. North America dominates with the largest share in the Nisin market. The growth is attributed to the large-scale consumption of packaged and frozen food products and strict implementation of food safety regulations by government authorities in the region. Furthermore, Asia Pacific is anticipated to grow with a significant rate owing to the emerging food processing industry in the region
Coronavirus pandemic has adversely affected the economies around the globe. Major countries were forced to impose nationwide lockdown and social distancing norms to control the spread of coronavirus. The pandemic disrupted the supply chain management systems and procurement of raw materials. Many production industries were shut down amid the lockdown which had a negative impact on the Nisin market. However, the demand for canned and frozen food items increased during the pandemic which contributed in the market growth.
Nisin Market is further segmented by region into:
Nisin Market Segments:
|Market size value in 2021
|USD 383 million
|Revenue forecast in 2032
|USD 776.9 million
|CAGR of 6.6% from 2022 to 2032
|Base year for estimation
Revenue in USD million and CAGR from 2022 to 2032
|Revenue forecast, company ranking, competitive landscape, growth factors, and trends
|Type, Application, and Region
|North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
|Key companies profiled
|Cayman Chemical, DuPont, DSM, Siveele B.V, Shandong Freda Biotechnology Co. Ltd., Luoyang chihon Biotechnology Co., Ltd., HANDARY S.A, Duketoms, Foodchem International Corporation, Mayasan, Merck Group, ImmuCell Corporation, Chihon Biotechnology, Graham Chemical, BOC Sciences, and Other Prominent Players
Nisin Market to surpass USD 776.9 million by 2032 from USD 383 million in 2021 at a CAGR of 6.6% in the coming years, i.e., 2022-32.
Cayman Chemical, DuPont, DSM, Siveele B.V, Shandong Freda Biotechnology Co. Ltd., Luoyang chihon Biotechnology Co., Ltd., HANDARY S.A, Duketoms, Foodchem International Corporation, Mayasan, Merck KGaA, ImmuCell Corporation, Chihon Biotechnology, Graham Chemical, BOC Sciences
owder segment holds the largest market share and Food and Beverages segment dominates the market share are anticipated to hold the Nissin Market
Drivers Rising Demand for Packaged and Frozen Foods
Nisin is used as a preservative in food items. It is a polycyclic antibacterial peptide that is produced by the bacterium Lactococcus lactis. It is considered a safe and natural preservative used in human foods.
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