Nisin is a protein-based polycyclic antibiotic produced by some strains of Lactococcus lactis. It is used as a natural preservative in food and beverages due to its antibacterial properties that inhibit the growth of gram-positive and some gram-negative bacteria. Nisin is commonly used for preserving dairy products, canned foods, and other food products to prevent spoilage from bacterial contamination. It helps extend the shelf life of perishable food items.
The global nisin market is estimated to be valued at US$ 203.59 Mn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing demand from the food industry is one of the major trends fueling the growth of the nisin market. With rising health consciousness, consumers are increasingly preferring natural preservatives in food products over synthetic ones due to perceived safety concerns. Nisin is generally recognized as safe (GRAS) by the food regulatory agencies worldwide owing to its effectiveness and natural origins. As a result, food manufacturers are opting for nisin as a smart alternative to chemical preservatives to extend product shelf life without compromising on quality and safety. Especially in Europe and North America, demand is relatively high owing to stringent regulations prohibiting usage of certain chemical preservatives in food. The rising demand from the food processing industry is expected to drive the nisin market growth over the forecast period.
Segment Analysis
The global nisin market size is segmented by application into dairy products, meat and seafood, and others. The dairy products segment is expected to dominate the market during the forecast period. Nisin is widely used as a food preservative in dairy products like cheese and yogurt to prevent the growth of harmful bacteria and increase shelf life. It is very effective against wide variety of gram-positive bacterial strains. This has increased its adoption among dairy product manufacturers.
Key Takeaways
The global nisin market is expected to witness high growth during the forecast period of 2024 to 2031. The market size is projected to increase from US$ 203.59 Mn in 2024 to reach over US$ 325 Mn by 2031, registering a CAGR of around 5.5%.
Regional analysis
Europe is currently the largest and fastest growing regional market for nisin. The high consumption of dairy products in countries like Germany, France, Italy, etc. is driving the demand for nisin as a preservative in the region. Asia Pacific is also expected to offer lucrative opportunities owing to the growing food processing industry and rising health awareness among consumers in India and China.
Key players
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.
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