Global Food Antimicrobial Additives Market: Regional Insights
Regionally, North America is expected to dominate the global food antimicrobial additives market over the forecast period owing to the strong growth of food industry which has led to the increase in demand for food antimicrobial additives. The US food antimicrobial additives market recorded a revenue of USD 360.93 million in 2019 and is expected to reach USD 444.58 million by 2025, at a CAGR of 3.63% over the forecast period (2020-2025).
Europe is expected to witness fastest growth in the global market over the forecast period owing to the strong presence of key players offering wide range of antimicrobial for different applications. For instance, in Germany, Galactic produces and retails a range of antimicrobials, such as Galacid™ and Galaflow™, formulated in liquid, powder, and crystalline forms for their extensive applications in the food industry.
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