Nisin Market to be Valued at – US$ 490 Mn by 2028
Posted by Amy on March 25th, 2020
With reference to the latest market forecast report published by Transparency Market Research, on the global nisin market for the assessment period of 2019-2028, revenue generated from the global nisin market has been estimated to be valued at ~ US$ 310 Mn in 2019, which is projected to increase at a CAGR of ~ 5%, to reach a valuation of ~ US$ 490 Mn by 2028.
Heat-resistant Property of Nisin
The prevention of food spoilage has always been an important manufacturing factor for the food industry, and the growing use of processed food has brought preservatives such as nisin into the spotlight. Bio preservatives such as nisin are used to inhibit the growth of harmful microbes in a wide variety of food and beverage products. The preferred use of nisin in these applications is due to their heat-resistant property, since thermal processing is extensively used in food processing. Even at high-temperatures, nisin inhibits the growth of spores and saves the food product from any kind of spoilage.
Apart from nisin being a heat-resistive preservative, it also acts as a broad spectrum preservative, effective against many gram-positive organisms such as lactic acid bacteria, listeria monocytogenes, staphylococcus aureus, bacillus cereus, and clostridium botulinum, among others, which is expected to drive the growth of the nisin market over the forecast period.
Increasing Per Capita Expenditure on Prepared Food Likely to Propel the Growth of the Nisin Market
With increasing urbanization, time-starved consumers are spending more on prepared, processed, and ready-to-eat food. Increasing expenditure on ready-to-eat meals is also driving the growth of the global nisin market, and this trend is expected to continue over the forecast period too. Consumer awareness regarding the health hazards related to synthetic preservatives has grown over time, and hence, manufacturers are now focusing on incorporating natural food preservatives such as nisin.
In North America, the millennial demo graph constitutes a large share in the consumption of ready-to-eat and processed food products. The consumption of take-away food has also risen considerably due to the convenience factor which is further expected to drive the growth of the nisin market during the forecast period.
Application of Nisin in the Alcoholic Beverage Industry
The application of bio preservatives such as nisin is not limited to food products. They can be applied to wine, beer, distilled spirits, and other alcoholic beverages as well. Nisin helps prevent rancidity caused by lactic acid bacteria in alcoholic beverages. It helps in the inhibition of gram positive bacteria during the fermentation process. Nisin also helps extend the shelf life of non-pasteurized beer, and reduces the ripe taste. All these properties are expected to contribute to the growth of the nisin market over the forecast period. Moreover, the younger population of the world is influenced by their peer group or peer thinking, which a factor is driving the growth of alcoholic products, as such, supporting the growth of the nisin market, which is expected to continue over the forecast period.
High Price of Nisin
Asia Pacific is known to be a region that is quite price-sensitive, and one of the key reasons that restrains the growth of the nisin market is its expensive price as compared to that of chemical preservatives. The cost for the production of nisin is high, as producers have lower production per unit of input and increased labor cost, while margins are getting squeezed due to the increasing competition. These are the factors expected to restrain the growth of the nisin market in the region. Moreover, there is no proper alignment between supply and demand, as the information system and statistics available for producers is not as reliable and detailed as that of the food industry and general agriculture in the countries with well-developed markets, which is also hindering the growth of the nisin market. Moreover, the production process of nisin is highly sensitive, and requires a lot of precision and advanced technology. The lack of such technology in developing regions is hindering the growth of the nisin market.
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About the AuthorAmy
Joined: June 11th, 2019
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