Nisin Market, By Application (Meat, Beverages, Dairy Products, Bakery Products, Canned Vegetables, and Others), By Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) is estimated to be valued at US$ 389 Mn in 2024 and is expected to exhibit a compound annual growth rate (CAGR) of 4.6% during the forecast period (2024 – 2031), as highlighted in a new report published by Coherent Market Insights.
Nisin is a bacteriocin which is majorly produced by gram positive bacteria such as Lactococcus lactis. It shows antimicrobial activity against food-borne bacteria such as Clostridium botulinum, Staphylococcus aureus, and Listeria monocytogenes at low concentration. It shows synergistic action with other bacteriocins and chelators. Nisin plays an immune-modulatory role, by offering anti-biofilm and anti-cancer properties. Growing application of nisin in bio preservation of dairy products such as yoghurt, natural cheese, processed cheese, egg products, pasteurized soups, flour-based products, canned food such as peas, okra, asparagus, mushrooms, peppers, and carrots, and meat products such as sausages, seafood, and salad dressings, and alcoholic beverages such as wine and beer are driving growth of the nisin market.
Global Nisin Market - Impact of Coronavirus (Covid-19) Pandemic
The World Health Organization (WHO) designated the illness caused by the Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2), which first appeared in Wuhan (province of Hubei, China), in the last months of 2019, as "coronavirus disease 2019" or COVID-19. This virus spreads quickly and had a serious negative impact on the economies, social behaviours, and healthcare of every country in the world.
Global nisin market is witnessing the pre-COVID scenario and the market would exhibit a prominent growth rate during the forecast period. This is due to the V-shaped recovery in various emerging countries. In addition, the global food sector would witness some changes in 2021 because of the higher awareness of the consumers in choosing the food items. This increased preference towards regenerative, sustainable, plant-based food and demand for foods and beverages with immunity-boosting substances is boosting the demand & growth of these products and their constituents. During the COVID-19 pandemic, the Do It Yourself (DIY) trend has witnessed massive popularity and this trend would remain the same even during 2021.
Due to the constantly changing market scenario, organizations are shifting their views on expanding beyond the conventional markets. Along with increasing the number of applications, launching the latest product portfolios, the majority of the food and beverage organizations are trying to explore domestic as well as global markets. The European region is the leading player for nisin in the market, with the strict regulatory authority, rising canned foods market, and better food additives protocols enhancing the market for nisin. The market is also expected to witness high demand in the dairy industry, as dairy products are sensitive to thermal and chemical spoilage. The market is further driven by the increasing consumption and export of beverages, as well as the growth of the canned and frozen food products segment. The nisin market is expected to have an upward rising trend during the forecast period, with new revenue opportunities in the food and beverage industry.
Browse 24 Market Data Tables and 28 Figures spread through 150 Pages and in-depth TOC on “Global Nisin Market”- Forecast to 2031, Global Nisin Market, By Application (Meat, Beverages, Dairy Products, Bakery Products, Canned Vegetables, and Others), By Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa)
Link: https://www.coherentmarketinsights.com/market-insight/nisin-market-1009
Key Takeaways of the Market
- Global nisin market was valued at US$ 389 Mn in 2024 and is forecast to reach a value of US$ 533.3 Mn by 2031 at a CAGR of 4.6% between 2024 and 2031
- Major players operating in the global nisin market include Amtech Biotech Co., Ltd, Chihon Biotechnology Co., Ltd., Cayman Chemical, Danisco A/S, DSM N.V., Galactic, Handary S.A., Royal, Sivelee B.V., Shandong Freda Biotechnology Co., and Zhejiang Silver-Elephant Bio-engineering Co. Ltd.
- Key players operating in the global nisin market are focusing on various strategies such as mergers & acquisitions in order to strengthen their market presence and expand their product portfolio
