Nisin Market- Overview:
With the rising need for a natural preservative in the food and beverage industry, the worldwide nisin market is likely to rise significantly over the forecast period. Furthermore, increased consumer awareness of clean label products is propelling nisin's global market expansion. As per MRFR, the market is estimated to gain an income of USD 490 Million by 2030 while expanding at a CAGR of 7.2% by 2030.
The expansion of the global Nisin Market is being hampered by adopting preservation technologies over the usage of preservation ingredients by food and beverage makers.
Segmentations:
The segmental overview of the nisin market is conducted based on form, application, and region. The application segment of the nisin market consists of beverages, bakery & confectionery, meat, poultry & seafood products, dairy & frozen desserts, and canned products. The region segment of the nisin market consists of Europe, North America, Asia-Pacific, and Rest of the World. The form segment of the nisin market consists of liquid and powder.
Regional Analysis:
North America dominated the worldwide nisin market in the forecast period, accounting for more than 35% of the market. The United States is expected to be the largest contributor to the region's nisin market. Manufacturers' increasing demand for natural food additives is boosting the nisin market in this region forward. The market's largest portion belonged to North America. The growth in customer preference for synthetic food preservatives is influencing the market in North America. In the coming period, natural bio-preservatives are projected to witness an upsurge in popularity in advanced economies as consumers can afford premium-priced products with elevated disposable income. The nisin market in Asia-Pacific is evolving and growing at a faster rate with new entrants in the market. Additionally, countries like China are taking stricter regulatory measures due to the lack of quality standards compared to other countries.
Competitive Landscape:
The pandemic has sparked change, typically in the area of digital transformation, and a variety of projects ranging from virtual sales and service to e-commerce to data acceleration are not only swiftly becoming a new directive but are also becoming a new standard. The COVID-19 outbreak is still changing the world as we know it, particularly in terms of how we behave and interact as organizations and as individuals. Leaders play a critical role in implementing modern technology and data to combine processes that meet evolving needs as digital acceleration transforms industries and customer and employee expectations. The contemporary landscape drives end-to-end transformation, from the rapid adoption of new working practices to the incubation of new business models. Players will benefit from seeking out new collaborations and curating value ecosystems to move faster while developing new products and services that meet customer expectations. Some industries are expected to rebound faster than others, reflecting shifts in consumer behavior. Customer expectations and experiences are being transformed by technology, and it's occurring quicker than ever before.
The global Key Nisin Market Players are Handary S.A. (Belgium), Galactic (Belgium), DuPont (US), Shandong Freda Biotechnology (China), Cayman Chemicals (US), Siveele B.V. (Netherlands), Chihon Biotechnology (China), Zhejiang Silver-Elephant Bioengineering (China), DSM (Netherlands), and Mayasan Biotech (Turkey).
Recent Developments:
Jan 2021 In the Middle East and Africa, DuPont Nutrition & Biosciences is introducing a label-friendly antimicrobial technology to processed meat producers (MEA). NovaGARD NR 100-G – part of the DuPont Danisco line of antimicrobials – has been shown to suppress the growth of Listeria monocytogenes and other gram-positive bacteria, keeping meat products safe and high in quality throughout their shelf life. The regional launch comes after the Saudi Food and Drug Authority approved nisin for use in heat-treated processed beef, which was prompted by the adoption of a new food category in the Codex General Standard for Food Additives.
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