The Latin America, Middle East and Africa Nisin Market would witness market growth of 8.4% CAGR during the forecast period (2021-2027).
One of the major components of packaging is shelf life. By increasing the shelf life of a product, it becomes possible to reduce the costs of transportation. Nisin is a popular lantibiotic, which is known to enhance the shelf life of any food product; as a result, it is utilized as an antimicrobial active ingredient in packaging material.
The availability of nisin in the active packaging of food assists in tracking freshness, enhances safety, and convenience. Active packaging includes substances like nisin, which directly interacts with the food product with an aim to increase its shelf life, hence preserving the quality of the processed food product for a long time. The preference of incorporating nisin as a bioactive ingredient in food items is becoming highly popular, because of the growing utilization of edible packaging in the food sector.
The recognition of Nisin integrated active packaging technology by the food makers has increased in the last couple of years, which, as a result, is supporting the development of the nisin market. Consumers are increasingly embracing these packaging technologies and this is a crucial element for the commercial application of nisin.
The huge cost related to the production of nisin in comparison to other synthetic preservatives is a significant factor anticipated to slow down the development of the market. Additionally, the end product is very affected in cases where there is a surge in lactate concentration beyond a pre-determined level and a reduction in pH happens.
Moreover, there are various underdeveloped as well as developing countries in this region that would witness a declining demand for nisin, thereby hampering the growth of the market during the forecast period. Furthermore, the availability of low number of companies in this region is expected to be a barrier for the regional market in the upcoming years.
The Powder market dominated the South Africa Nisin Market by Type in 2020, thereby, achieving a market value of $6,445.8 Thousands by 2027. The Liquid market is expected to witness a CAGR of 22.8% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Nisin Market is Predict to reach 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.
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