The nisin market is anticipated to be worth USD 83.2 million in 2022 and to increase at a CAGR of 7.3% during the following five years (2022-2032). By 2032, total nisin sales are anticipated to surpass a market valuation of USD 164.7 Mn. The need for nisin is being driven by expanding uses in the baking, dairy, and food and beverage industries.
Growing inclination toward natural food preservatives and rising demand for packaged, pre-processed, and frozen foods are key factors propelling the global nisin market forward. Nisin has become an ideal natural food additive used for preventing microbial growth and expanding shelf life of products. Thus, it eliminates the need for heat sterilization of packaged food products before preserving them.
With growing concerns about the negative health effects of chemical preservatives, consumers are shifting their preference towards natural ones like nisin. This will act as a catalyst triggering the growth of the nisin market.
Similarly, growing popularity of canned food products and increasing usage for preserving dairy items, meat, pharmaceuticals, beverages, bakery, etc, will boost sales of nisin during the forecast period.
Nisin is an excellent preservative for temperature-sensitive foods such as dairy and frozen foods because it eliminates the need for heat sterilization. As a result, nisin, as a highly effective and completely safe natural preservative, is in high demand across a wide range of food product industries.
Key Takeaways from Nisin Market
- Based on type, the powder segment is likely to hold a substantial share of the global nisin market by the end of 2032.
- By application, meat segment is expected to grow at a higher CAGR during the forecast period.
- The U.S. currently holds around 38.5% of the global nisin market and it is poised to exhibit moderate growth during the next ten years.
- Germany holds around 6.1% share of the global nisin market.
- China’s nisin market is expected to grow at 10.4% CAGR during the forecast period between 2022 and 2032.
“Food & beverage industry is one of the largest consumers of nisin due to its use as a preservative in canned goods, beverages, and other processed foods. Thus, growth of this industry coupled with rising consumer preference for natural preservatives will boost sales of nisin over the projection period”, says a lead FMI analyst.
Who is Winning?
DSM, Galactic, Shandong Freda Biotechnology, Siveele B.V., DuPont, Handary S.A., Cayman Chemical, Cayman Chemicals, Chihon Biotechnology, Amtech Biotech, Zhejiang Silver-Elephant Bioengineering, Mayasan Biotech are expected to be the top players operating in this market space.
Get Valuable Insights into Nisin Market
FMI, in its new offering, provides an unbiased analysis of the nisin market presenting historical demand data (2017-2021) and forecast statistics for the period from (2022-2032). The study divulges compelling insights on the demand for nisin based on type (powder, liquid), application (meat, beverage, bakery product, canned product, dairy product), and distribution channel (online, offline) across several regions.
About the Food & Beverage Division at Future Market Insights
Expert analysis, actionable insights, and strategic recommendations – the Food & Beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
Download the full report for in-depth insights. https://www.futuremarketinsights.com/reports/nisin-market
Nisin Industry Segmentation by Category: –
By Type:
- Powder
- Liquid
By Application:
- Meat
- Beverage
- Bakery Product
- Canned Product
- Dairy Product
By Distribution Channel:
- Online
- Offline
By Region:
- North America
- Latin America
- Asia Pacific
- Eastern Europe
- Western Europe
- Japan
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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