Next Generation Sequencing Market Growth Accelerated By Organic Food Demand

 

Nisin Market

Nisin is an antimicrobial agent that is widely used as a preservative in dairy and meat products. Nisin preserves food naturally as it inhibits the growth of undesirable pathogenic bacteria. Nisin helps increase the shelf-life of dairy products without affecting quality, taste, and texture. Additionally, the rising vegan population has accelerated the demand for organic foods produced without animal-derived preservatives.

The global Nisin Market is estimated to be valued at US$ 176.72 Billion in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The growing demand for organic and natural products without artificial preservatives is a major trend positively impacting the nisin market growth. Consumers are increasingly preferring food products containing natural ingredients over synthetically produced preservatives due to rising health concerns. According to a report, the global organic food market is forecast to reach $270 billion by 2025 growing at a CAGR of 13%. Nisin produced through microbial fermentation is considered a natural preservative for food manufacturers catering to organic customers. Leading food companies are replacing artificial preservatives with nisin in products certified as organic to boost sales.

Segment Analysis

The global nisin market is dominated by the food and beverages segment. Within the food and beverages segment, the dairy subsegment accounted for the largest share in 2022. Nisin is extensively used as a preservative in dairy products such as cheese, yogurt, and butter milk as it helps extend the shelf life of these products by inhibiting the growth of unwanted microbes. The increasing consumption of dairy products globally is expected to drive the demand for nisin from the dairy subsegment during the forecast period.

Key Takeaways

The Global Nisin Market Demand is expected to witness high growth over the forecast period.

Regional analysis: Europe accounted for the largest share of the global nisin market in 2022. The region has established food processing industries and stringent regulations regarding the use of antibiotics and chemical preservatives in food products. Additionally, the presence of major nisin producers in European countries such as Denmark, Belgium and the Netherlands has aided market growth in the region. Asia Pacific is expected to be the fastest-growing regional market between 2023 and 2030. The rising middle-class population, rapid urbanization, and growth of the food processing industry in countries such as China and India will contribute to the increasing demand for nisin in the region.

Key players operating in the nisin market are Chevron Phillips, Cayman Chemical, Tatva Chintan, Venus Chemical Industries, Archer Chemicals, Enzymax, and DSM. Chevron Phillips is one of the leading producers of nisin globally. The company offers a wide range of nisin products for food and beverage applications. Venus Chemical Industries is another prominent player focusing on expanding its production capacities to cater to the rising demand from emerging markets like India and China.

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