Global Natamycin Market - Growth, Trends and Forecasts (2017 - 2022)
The global natamycin market size is estimated to be valued at USD XX million in 2017 and register a CAGR of X.X%, during 2017-2022 (the forecast period).
Most of the food products are infused with preservatives, in order to increase their shelf-life. Natamycin acts as a perfect preservative, due to its long-lasting effect, ability to preserve the taste, and, further, being completely natural. Most manufacturers prefer using natural preservative, as the consumers have evolved from low to high involvement buyers. Moreover, they are willing to spend more on products with higher natural contents.
Natamycin is an Effective and Prominent Replacement to Chemical Preservatives
Natamycin is applied as an antifungal material to the products in the food industry, as its application is considered to be the most effective and natural method for preservation. The increasing global demand for processed, dairy, and meat products is expected to boost the demand for natamycin. Most of these products are susceptible to contamination, due to the rapid growth of mould that affects the product quality and leads to its deterioration. Among most antifungal preservatives such as sorbic acid, potassium sorbate, and lactic acid, natamycin stands out due to its longer-lasting antifungal effect better than other compounds. In addition, it is completely natural that makes it a preferred additive in food industry, due to the increasing number of health-conscious consumers.
Asia-Pacific accounts for the largest market share of 33% and is expected to register the highest CAGR, during 2017-2022 (the forecast period). The natamycin market growth can be attributed to the increasing consumption of processed food and growing disposable income. Europe is one among the regions that has high potential for growth of natamycin market. North America is expected to witness comparatively slower growth than other regions, due to the non-clearance from the regulatory bodies in the region.
The global natamycin market is segmented, based on application, into food & beverages, pharmaceuticals, and others. The food & beverages sub-segment accounted for the highest market share in 2016. The use of natamycin is high in dairy and meat products and is the most preferred substitute for traditional chemical preservatives. Moreover, it has applications in pharmaceutical industry as an antifungal preservative and in antifungal creams.
Leading Manufacturers and Suppliers of the Natamycin Include:
Danisco DSM Handary, Amtech Biotech Zhejiang Silver-Elephant Lanzhou Weiri Langfang Meihua Zhengzhou New Frey Chihon Biotechnology Vgp Pharmachem JiaozuoJoincare Beijing Oriental Rada Pucheng Lifecome These companies focus on capacity expansion, due to the growing demand for natamycin in the food industry.
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