February 22, 2021
According to the recent research report titled ‘Global Nisin Market Size study with COVID-19 Impact, by Application (Meat, poultry & seafood products, Dairy products, Beverages, Bakery & confectionery products, Canned & frozen food products and Others) and Regional Forecasts 2020-2027’, available with Market Study Report LLC, global nisin market is expected to register a y-o-y growth rate of 4.5% CAGR over 2020-2027.
As per the findings, growing consumer awareness regarding clean label and natural products, along with upsurge in food demand owing to burgeoning population is adding considerable traction to global nisin market growth. Moreover, effective and non-toxic properties, therapeutic benefits, and natural preservative attributes will continue to encourage the use of nisin.
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For the uninitiated, nisin is a polycyclic antibacterial peptide formed by fermentation of food-grade bacteria and utilized as a food preservative. Owing to its ability to increase shelf life of products, it is widely utilized in processed food, mostly in canned food, dairy and meat products. With emergence of new products and strategic alliances by industry players, the demand for nisin will further rise in the coming years.
On the downside, sensitive production along with use of preservation techniques is impeding the demand for nisin. Further, operational challenges due to shortage of staff and resources amid the Covid-19 pandemic has hindered global nisin market expansion.
Considering the regional analysis, North America, Europe, Asia Pacific, and Latin America are the key contributors to global nisin market remuneration. Among these, North America currently accounts for majority of the industry share and will likely maintain a strong growth curve over the forecast period, attributable to shifting preferences regarding preservatives.
Speaking of the competitive landscape, Cayman Chemical Company, Mayasan Biotech, Chihon Biotechnology Co., Ltd., Shandong Freda Biotechnology Co., Ltd., Zhejiang Silver-Elephant Bioengineering Co., Ltd., Siveele B.V., Handary S.A., Galactic SA, DuPont de Nemours, Inc., and Koninklijke DSM N.V. are the top contenders in global nisin market sphere.