FOOD ANTIMICROBIAL ADDITIVES MARKET ANALYSIS

Market Challenges And Opportunities

Global Food Antimicrobial Additives Market Opportunities:

Increasing population, disposable income, and the emergence of a large middle class are expected to provide significant growth opportunities for food antimicrobial additives market. Moreover, increasing prevalence of antibiotic-resistant bacteria, which leads to increased demand for antimicrobials in the end-use industries is further propelling market growth.

Growing consumption of dairy products is again projected to offer significant growth opportunities. World milk production is expected to increase by 1.6 percent annually between 2020 and 2029 and reach 997 million tons in 2029, according to a report prepared by OECD-FAO.

Global Food Antimicrobial Additives Market Drivers:

Growing awareness regarding food safety and quality among consumers

The Centre for Disease Control and Prevention (CDCP) has reported that one in 10 people fall sick due to foodborne illness every year, and most importantly, children under the age of five years are at high risk. Moreover, according to World Health Organization estimates on the global burden of foodborne diseases, around 125,000 children are dying every year, due to foodborne illnesses. The demand for these additives is attributed to the rising consumer awareness about food safety and quality, resulting in the need for improved hygiene standards.

Emergence of natural food antimicrobial solutions to augment market growth

For instance, in April 2019, Australia-based startup, Ingredient Trading Company (ITC), launched a natural food preservative range, Natalactin Plus and Nisilactin Plus. Nisilactin Plus is an antimicrobial agent that prevents the growth of gram-positive pathogens, while Natalactin Plus is a highly effective food preservative working against surface molds and fungi.

Growing consumption of dairy products is again projected to offer significant growth opportunities. World milk production is expected to increase by 1.6 percent annually between 2020 and 2029 and reach 997 million tons in 2029, according to a report prepared by OECD-FAO.

Global Food Antimicrobial Additives Market Restraints:

Growing market share of free-from preservatives food products is hampering sales

Food products bearing “free-from” claims are gradually reaching the retail shelves and food service menus, worldwide, due to increasing consumers conscious regarding the food and beverage products consumed. For instance, in July 2019, Storia Foods and Beverages launched a range of natural shakes with a refreshing twist to them. The fruit shakes are available in nine flavors and contain natural fruits and ingredients, with mango, banana, and strawberry being the highest fruit content shakes consumed in India. Storia states that shakes contain no preservatives and are trans-fat free. This is expected to decline the sale of antimicrobial additives, thus hindering market growth.

Strict regulations on the usage of food antimicrobial additives to restrict market growth

Antimicrobials in or on food packaging are used to extend the shelf life of the food or protect the packaging against microbial contamination. They are regulated as food additives under SS 201(q) (1) (B)(ii) of the Federal Food, Drug and Cosmetic Act (FFDCA), as amended by the Food and Drug Administration (FDA) Amendments Act of 1996 (ARTCA).