(I-BusinessNews.Com, December 11, 2018 ) Nisin Market Overview
Nisin is a polycyclic antibacterial peptide produced by the bacterium Lactococcus lactis that is used as a food preservative. It has 34 amino acid residues, including the uncommon amino acids lanthionine, methyllanthionine, didehydroalanine and didehydroaminobutyric acid. Nisin is widely used in processed foods, majorly in dairy products, juice, canned foods and meat to increase the shelf life of the food products.
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One of the growth drivers of global nisin market is the shift in consumer preference from synthetic to natural food additives. It has been observed that the market for natural shelf-life stabilizers witnessed a relatively higher growth than the global synthetic additives market. Consumers perceive natural food additives to be safer and healthier than synthetic food additives. The growing preference for natural food additives among consumers will have a positive influence on production and consumption of food preservatives such as nisin during the forecast period.
Nisin Market Forecast Report (2018-2023)
Global Nisin market size was around USD 501.84 million in 2018. It is expected to grow at a CAGR of 4.3% to reach USD 619.42 million by 2023.
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Nisin Market Segmentation
The market is segmented by applications. On the basis of application, the market is further segmented into Meat, dairy products, beverages, bakery products, canned vegetables, brewery and others. Meat accounts for the largest share in the application segment. The canned vegetables segment is expected to grow at the highest rate.
By geography the market is segmented into Latin America, Asia Pacific, Europe, North America, and Middle East and Africa. The Nisin market was dominated by North America is expected to grow at a rapid rate during the forecast period. Asia Pacific is the second largest market and is expected to grow at the highest CAGR.
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Major Players:
The major companies dominating this market for its products and services are
• DSM
• Danisco
• Galactic
• UAB Baltvita and Sivelee
• Shandong Freda Biotechnology
• Zhejiang Silver-Elephant Bio-engineering
• Cayman Chemical
• Duke Thomson
• Handary and Chihon Biotechnology
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