April 20, 2024
Nisin Market

Nisin Market is Expected to be Flourished by Growing Food Preservatives Industry

Nisin is a polycyclic antibacterial peptide that is produced through fermentation of Lactococcus lactis bacteria. It is commonly used as a natural food preservative to inhibit or prevent growth of bacteria and molds in various food products. Nisin finds wide applications in dairy based products such as cheese, yogurt and butter, meat, fish and seafood products as a substitute for chemical preservatives. Rising health awareness among consumers has increased the demand for natural food preservatives, boosting the growth of nisin market.

The global Nisin Market is estimated to be valued at US$ 176.72 Bn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:
Growing Food Preservatives Industry: Increasing demand for convenience and processed food products due to hectic lifestyles has positively impacted the growth of global food preservatives market. Further, growing preference for natural preservatives over their synthetic counterparts is catalyzing the demand for nisin. According to Coherent Market Insights analysis, the global food preservatives market was valued at US$ 2.5 billion in 2021 and is estimated to reach US$ 3.6 billion by 2030, growing at a CAGR of 4.2% over the forecast period. The growth of end use food preservatives industry acts as a key driver for nisin market.

Increasing Demand from Dairy & Meat Products: Dairy products such as milk, cheese and yogurt are highly susceptible to microbial spoilage. Similarly, meat industry also requires effective antibacterial solutions to extend shelf life of products. Nisin effectively inhibits growth of microbes that cause food poisoning or food decay. Consequently, increasing application of nisin as a natural preservative in dairy and meat industry is fueling the market growth.

Segment Analysis
The global Nisin market is dominated by the food and beverages sub-segment. Nisin is widely used as a food preservative in dairy products, canned vegetables and meat, and other foods to prevent the growth of clostridium botulinum and other harmful bacteria. The food and beverages sub-segment accounted for over 70% of the global Nisin market share in 2024 due to the increasing demand for clean label and natural preservatives from the food processing industry.

PEST Analysis
Political: The global Nisin market is positively impacted by stringent regulations regarding the use of chemical and synthetic preservatives in foods by regulatory bodies like FDA and EFSA.
Economic: The rising disposable incomes and changing lifestyles and food habits are fueling the demand for processed and packaged foods, which is driving the consumption of Nisin as a natural preservative.
Social: Rising health awareness among consumers has increased the demand for clean label and naturally sourced food ingredients like Nisin.
Technological: Advances in fermentation and extraction technologies have enabled cost-effective commercial production of high-quality Nisin, boosting its use in various food applications.

Key Takeaways
The Global Nisin Market Size was valued at US$ 176.72 Bn in 2023 and is expected to reach US$ 288.35 Bn by 2030, expanding at a CAGR of 5.5% during the forecast period. The food and beverages segment accounted for around 70% of the total market share in 2024.

Regional analysis: North America dominated the global Nisin market and accounted for over 35% share in 2024 due to stringent regulations regarding food safety and preservatives. The Asia Pacific region is expected to witness the fastest growth during the forecast period driven by increasing consumption of processed foods in developing economies like India and China.

Key players: Key players operating in the Nisin market include Chevron Phillips, Royal DSM, DuPont, Danisco, and Galactic. These players are focused on new product launches, expansions, and partnerships to strengthen their market presence.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it