Plant based food segment is fastest growing segment fueling the growth of the global Nisin Market

The global Nisin Market is estimated to be valued at US$ 176.72 Bn in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Nisin is a polycyclic antibacterial peptide produced by some strains of Lactococcus lactis that is used as a natural food preservative. It effectively inhibits growth of gram-positive bacteria like Listeria monocytogenes and is used as a natural food preservative in various products like dairy products, canned foods, and more.

Market key trends:
One of the key trends in the Nisin market size is the increasing demand for natural and organic food preservatives. Consumers are increasingly demanding food products with clean label and without the use of artificial preservatives and additives. This is driving the demand for natural food preservatives like nisin. Various food manufacturers are replacing artificial food preservatives with natural alternatives like nisin to meet consumer demand for all-natural foods.

Segment Analysis

The nisin market is segmented into powder and liquid form. The powder segment currently dominates the market as the powder form of nisin is widely used in food preservatives. It has high stability and versatility in usage with foods like dairy products, meat, and seafood. It is easy to transport and store in powder form.

Key Takeaways

The global nisin market is expected to witness high growth, exhibiting CAGR of 7.3% over the forecast period, due to increasing demand for natural preservatives in the food industry.

Regional analysis

Europe dominates the nisin market currently due to stringent food safety regulations. However, Asia Pacific is expected to grow at the fastest pace due to rising health concerns and increasing disposable income in the region.

Key players

Key players operating in the nisin market are DSM, Galactic, Shandong Freda Biotechnology, Siveele B.V., DuPont, Handary S.A., Cayman Chemical, Chihon Biotechnology, Amtech Biotech, Zhejiang Silver-Elephant Bioengineering, Mayasan Biotech. DSM is currently the market leader due to its wide product portfolio and geographical presence across major markets.

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