April 22, 2024

Nisin market estimated to witness high growth owing to increasing use in food preservation

The nisin market is a multimillion-dollar industry globally. Nisin is a bacteriocin produced by certain strains of lactic acid bacteria. It is used an effective food preservative in dairy products, canned foods, and meat to prevent the growth of harmful bacteria. Due to its properties of being heat stable and retaining its antimicrobial activity even after being processed under high temperatures, nisin has emerged as an attractive natural alternative to chemical preservatives.

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.

Key Takeaways

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.

Key opportunities: Increasing demand for clean label and natural preservatives represents a huge opportunity for nisin market players. Also, growing processed food industry worldwide is expected to drive its usage.

Global expansion: Asia Pacific is expected witness fastest growth during forecast period owing to rising health awareness and growing food industry in emerging nations like China and India. Players are expanding their production facilities in the region to leverage this opportunity.

Market drivers: Stringent regulations regarding the usage of chemical preservatives is a key driver for nisin market. Also, its effectiveness against bacteria like Listeria Monocytogenes makes it suitable for food preservation and drives its increasing demand.

PEST Analysis
Political: Food safety regulations imposed by governments across various regions favor the growth of the nisin market. Stringent regulations regarding the use of artificial preservatives promote the adoption of natural preservatives like nisin.

Economic: Changes in disposable income influence consumer preference for food products with natural ingredients. Higher spending power increases the demand for premium food products containing natural preservatives.

Social: Growing health consciousness among consumers fuels the demand for food with minimal artificial ingredients. Clean label trends encourage food manufacturers to opt for natural alternatives like nisin.

Technological: Advancements in fermentation and purification technologies help market players improve nisin yield and produce high-quality products. New applications identification further supports the market expansion.

Europe accounts for the largest share of the global nisin market in terms of value. Factors such as stringent regulations against the use of chemical preservatives and the presence of major market players drive the European market.

The Asia Pacific region is expected to be the fastest-growing market for nisin during the forecast period. Rapidly growing processed food industries in countries such as China and India represents major opportunities. Increasing health awareness and disposable income levels contribute to the market development.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it