Europe Nisin Market By Application (Food & Beverages, Pharmaceuticals and Cosmetics & Personal Care), By Type (Powder and Liquid), By Country, Growth Potential, Industry Analysis Report and Forecast, 2021 - 2027
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Market Report Description
The Europe Nisin Market would witness market growth of 5.7% CAGR during the forecast period (2021-2027).
Nisin is considered as the naturally extracted additive utilized in a broad range of products like confectionery, snacks, bakery, poultry, meat, seafood, and others with an aim to preserve natural properties of food and enhance the shelf life of food products for storage. Moreover, nisin is extremely helpful to prevent spoilage throughout transportation. Freezing, smoking, boiling, pickling, pasteurizing, and among others are some of the conventional ways of preservation. Sugar and salt refer to the earliest known ways of food preservation that effectively cut down the development of bacteria in food.
In addition, the growth of the overall nisin market would be hampered by the rising consumer preference toward organic food & food with zero preservatives as compared to traditional food like ready-to-eat food and packaged food. A few of the major players in the packaging industry like Mondi Group (Austria), BioCote (U.K.), and among others, are including anti-microbial preservatives such as Nisin as packaging ingredients in ready-to-eat products. Mostly, these are considered as anti-microbial packaging materials and are part of new technology “Active Packaging”.
Nisin was initially launched commercially as a food preservative in the UK some years back. The surge in the demand for convenience and processed food products having clean and organic ingredients is a major factor that would boost the growth of the regional nisin market over the forthcoming years. In addition, many of the major countries of this region were hit hard by the outbreak of the global pandemic that caused the imposition of strict lockdown regulations across various countries, hence creating disruptions in the import and export activities of Nisin.
On-the-go and health-conscious consumers always look for convenient foods that remain fresh for a long period of time and are produced with the help of natural, easily identifiable ingredients. The population of this category of consumers is constantly increasing across various countries of this region, which is likely to propel the growth of the regional nisin market in the upcoming years. Nisin is one such ingredient that helps in the long-term preservation of the food and keeps its quality intact; hence consumers are increasingly willing to adopt food products that have nisin as a preservative.
The well-known applications of nisin as a preservative are in processed cheese, several pasteurized dairy products, and canned vegetables. Moreover, many companies operating in the market are showcasing high interest in the utilization of nisin in natural cheese production. Thus, these factors are likely to accelerate the growth of the global Nisin market during the forecast period.
The Germany market dominated the Europe Liquid Market by Country in 2020 thereby, achieving a market value of $9,701.1 Thousands by 2027. The UK market is exhibiting a CAGR of 15% during (2021 - 2027). Additionally, The France market is poised to grow at a CAGR of 19.6% during (2021 - 2027).
Based on Application, the market is segmented into Food & Beverages, Pharmaceuticals and Cosmetics & Personal Care. Based on Type, the market is segmented into Powder and Liquid. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Nisin Market Size will Hit $USD 624.5 Million by 2027, at a CAGR of 7.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include DuPont de Nemours, Inc., Merck Group, Koninklijke DSM N.V., Galactic (Finasucre), HANDARY S.A., MAYASAN A.S., Santa Cruz Biotechnology, Inc., Siveele B.V., and Cayman Chmeical Company, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Food & Beverages
- Cosmetics & Personal Care
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- DuPont de Nemours, Inc.
- Merck Group
- Koninklijke DSM N.V.
- Galactic (Finasucre)
- HANDARY S.A.
- MAYASAN A.S.
- Santa Cruz Biotechnology, Inc.
- Siveele B.V.
- Cayman Chmeical Company, Inc.
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