Nisin is a polycyclic antibacterial peptide produced by certain strains of Lactococcus lactis that is used as a natural food preservative. It helps prevent the growth of foodborne pathogens and toxin-forming organisms in food products. Nisin is used as a biopreservative in various food items such as dairy products, canned foods, meat and poultry to increase their shelf life. Rising demand for clean label and natural ingredients from consumers has boosted the demand for nisin from food and beverage manufacturers.
Global Nisin Market is estimated to be valued at US$ 203.59 Mn in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in The Nisin Market are Chevron Phillips Chemical Company, BASF SE, Evonik Industries AG, Arkema Group, Solvay SA, Taizhou Sunny Chemical Co., Ltd., Arkema Group, Prasol Chemicals Pvt. Ltd., TCI Chemicals (Tokyo Chemical Industry Co., Ltd.), Apollo Scientific Ltd., Sasol Ltd., Merck KGaA, Lanxess AG, Zhejiang Weihua Chemical Co., Ltd., Tokyo Chemical Industry UK Ltd.
The key opportunities in the market include expanding applications of nisin in packaged and processed meat products. Meat producers are increasingly using nisin to prevent the growth of Listeria monocytogenes and other harmful bacteria. There is also significant potential for global expansion of nisin-based products, especially in Asia Pacific and South America where consumers are shifting towards clean-label food preservatives.
Major players are focused on geographic expansions and capacity additions to capitalize on rising global demand for nisin. They are also investing in R&D to develop new application areas and formulations of nisin to strengthen their market position.
Market Drivers
The primary driver for the growth of global nisin market is the increasing demand from the food and beverage industry. Rising health awareness and preference for natural and clean label ingredients is driving the replacement of chemical preservatives with nisin in various food products.
Market Restraints
High prices of nisin compared to conventional food preservatives is a major challenge for its widespread adoption. Also, the relatively low production capacity of nisin negatively impacts its supply and availability especially in emerging markets.
Segment Analysis
The nisin market can be segmented into food applications and pharmaceutical applications. The food applications segment is currently dominating the market as nisin is widely used as a natural food preservative in various food products such as dairy products, meat and seafood. Within the food applications segment, dairy products sub-segment holds the largest market share owing to increasing demand for extended shelf-life of dairy products and growing usage of nisin in various dairy products like cheese, yogurt, etc. The pharmaceutical segment is expected to witness fastest growth during the forecast period due to increasing application of nisin in pharmaceutical formulations and ointments.
Global Analysis
Regionally, Europe dominates the nisin market currently due to stringent regulations regarding use of chemical preservatives in food products. Growing consumer preference for clean label and natural food ingredients in countries like Germany, France, UK has boosted the demand of nisin in Europe.North America is another major market for nisin owing to rising health-conscious population and new product launches containing nisin as natural preservative. Asia Pacific region is poised to witness highest growth during the forecast period attributable to growing pharmaceutical industry, rising meat and seafood consumption and expansion of key nisin manufacturers in countries like India and China. Rest of the world market is also expected to showcase positive growth trends with growing preference for naturally preserved food.
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