1. Food

Nisin Market is Estimated to Witness High Growth Owing to Opportunity of Increasing Demand for Natural Alternatives to Chemical Preservatives

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Nisin is a bacteriocin or antibiotic substance produced by the bacterium Lactococcus lactis which is used as a natural food preservative. It is effective against both Gram-positive and Gram-negative bacteria and is approved as a food preservative in the European Union and the United States. Nisin finds application in dairy products, canned foods, beer and wine to prevent the growth of clostridium botulinum and other undesirable microorganisms. It is a natural alternative to chemical preservatives like sodium benzoate and sorbic acid. The growing consumer preference for clean label and natural ingredients in food products is driving the demand for nisin.

The 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, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity: Increasing demand for natural alternatives to chemical preservatives

The growing health consciousness among consumers has increased the demand for natural and clean label food products. Chemical preservatives like sodium benzoate and sorbic acid are being replaced with natural alternatives to cater to this demand. Nisin being a natural preservative finds greater acceptance among health-conscious consumers. Moreover, regulatory bodies in various countries are also encouraging the use of natural preservatives over chemical ones. The opportunity of replacing synthetic preservatives with nisin in applications like processed meat, beverages and dairy products is driving its demand. If utilized effectively, the demand for nisin as a natural alternative to chemical preservatives can experience strong growth over the forecast period.

Porter's Analysis

Threat of new entrants: The nisin market size has moderate threat of new entrants due to established brands, regulations and requirement of significant investments.

Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes and differentiated products offered by manufacturers.

Bargaining power of suppliers: Suppliers have high bargaining power due to availability of raw materials and differentiation in quality.

Threat of new substitutes: Threat of substitutes is low as nisin offers unique properties as a natural preservative.

Competitive rivalry: The market is competitive due to presence of numerous regional and international brands.

SWOT Analysis

Strength: Nisin is a natural preservative with antibacterial properties. It is approved for use in various food applications.

Weakness: Fluctuations in raw material prices can impact the overall cost of nisin. Quality consistency needs to be maintained.

Opportunity: Growth of packaged food industry especially in developing nations will drive the demand. Emerging applications in the healthcare sector as well.

Threats: Stringent regulations pertaining to use of additives in food products. Competition from other chemical and natural preservatives.

Key Takeaways

The global nisin market is expected to witness high growth over the forecast period. The market was valued at US$ 203.59 Mn in 2024 and is projected to reach US$ 312.64 Mn by 2031, registering a CAGR of 5.5% during the forecast period.

Regional analysis indicates that Asia Pacific will dominate the global nisin market through 2031. Growing demand for convenience and packaged food products along with a large consumer base makes Asia Pacific most lucrative market for nisin. China, India and Japan account for majority of the demand.

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. Major players are focused on new product launches, expansion in emerging markets and partnerships with regional players to strengthen market presence.

Get more insights on this topic: https://www.pressreleasebulletin.com/nisin-market-size-and-opportunity-analysis/


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