According Stratistics MRC, the Global Nisin market is expected tgrow from $420.8 million in 2016 treach $618.6 million by 2023 with a CAGR of 5.6%. Growing awareness across various economies, decreasing the processing temperatures, protecting the food without spoiling, enlarging the lifespan without changing the taste and it’s easy tuse properties are some of the factors propelling the market growth. The use of Nisin as an antimicrobial agent in active packaging is alsfueling the market growth. Also, the soaring demand for safe and convenience food in North America is fueling the market growth.
By application, the Meat segment holds the largest market share due tthe rising consumption of meat across various nations and application of Nisin in meat protects it from being contaminated. Nisin is an antimicrobial agent and is used as a natural food preservative which helps in controlling the growth of bacteria in food products. Meat contains essential aminacids which acts as a source of protein and helps in maintaining good health. Europe and North America are the largest consumers of meat which is contributing tthe growth of Nisin in the market.
Geographically, North America holds the largest share in the market due thuge consumption of meat as most of the people prefer meat products on a large scale in this region. In addition the cheese and dairy industries offer a wide opportunity for the growth of Nisin market in the region.
Some of the key players in the Nisin market are Chihon Biotechnology, Zhejiang Silver-Elephant Bioengineering Co., Ltd, Siveele B.V., Shandong Freda Biotechnology Co., Ltd, DaniscA/S, Cayman Chemical, UAB Baltvita, Handary S.A, Amtech Biotech Co., Ltd, Royal DSM N.V., Duke Thomson, Galactic and Foodchem International Corporation.
Regions Covered: • North America US Canada Mexico • Europe Germany UK France Italy Spain Rest of Europe • Asia Pacific Japan China India Australia New Zealand South Korea Rest of Asia Pacific • South America Argentina Brazil Chile Rest of South America • Middle East & Africa Saudi Arabia UAE Qatar South Africa Rest of Middle East & Africa
What our report offers: - Market share assessments for the regional and country level segments - Market share analysis of the top industry players - Strategic recommendations for the new entrants - Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets - Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations) - Strategic recommendations in key business segments based on the market estimations - Competitive landscaping mapping the key common trends. - Company profiling with detailed strategies, financials, and recent developments - Supply chain trends mapping the latest technological advancements