North America Mold Inhibitor Market

North America Mold Inhibitor Market Size, Share & Trends Analysis Report By Type, By Application (Pharmaceuticals, Food & Beverage, Animal Feed, Cosmetics & Personal Care, and Other), By Country and Growth Forecast, 2024 - 2031

Report Id: KBV-23089 Publication Date: June-2024 Number of Pages: 107
Special Offering:
Industry Insights | Market Trends
Highest number of Tables | 24/7 Analyst Support

Market Report Description

The North America Mold Inhibitor Market would witness market growth of 5.4% CAGR during the forecast period (2024-2031).

The US market dominated the North America Mold Inhibitor Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $421.8 million by 2031. The Canada market is experiencing a CAGR of 7.7% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 6.8% during (2024 - 2031).

North America Mold Inhibitor Market

Mold inhibitors are critical in preventing the growth of mold across various industries. Their versatility and effectiveness make them indispensable for product quality, safety, and longevity. For example, In the food and beverage industry, these inhibitors are essential for preserving the quality and extending the shelf life of products. Mold can lead to spoilage, resulting in economic losses and health risks for consumers.

Moreover, the pharmaceutical industry utilizes these inhibitors to ensure the effectiveness and safety of pharmaceutical products. Mold contamination in pharmaceuticals can compromise drug quality and pose serious health risks. These inhibitors produce and pack tablets, capsules, and liquid medications to prevent microbial contamination. Creams, ointments, and gels require these inhibitors to maintain their stability and prevent mold growth, which could affect their therapeutic properties.

The food processing industry in Mexico encompasses a wide range of products, including packaged foods, beverages, dairy products, and baked goods. As a result, there will be a need for these inhibitors tailored to different food types and processing methods. These inhibitor manufacturers may need to diversify their product offerings to meet the specific requirements of various food processing applications. According to the US Department of Agriculture, the food processing sector in Mexico was one of the most active in the nation, with an annual growth rate of 4.3% in 2020. It was predicted to contribute $39.4 billion to the country's GDP. Hence, North America's growing food and beverage processing sector is expected to boost the demand for mold-inhibitor probiotics in the region.

Free Valuable Insights: The Mold Inhibitor Market is Predict to reach USD 2 Billion by 2031, at a CAGR of 6.0%

Based on Type, the market is segmented into Benzoates, Sorbates, Propionates, Parabens, and Others. Based on Application, the market is segmented into Pharmaceuticals, Food & Beverage, Animal Feed, Cosmetics & Personal Care, and Other. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

Need a report that reflects how COVID-19 has impacted this market and its growth? Download Free Sample Now

List of Key Companies Profiled

  • DuPont de Nemours, Inc.
  • BASF SE
  • Eastman Chemical Company
  • Kerry Group PLC
  • Koninklijke DSM N.V.
  • Archer Daniels Midland Company
  • Lanxess AG
  • Kemin Industries, Inc.
  • Corbion N.V.
  • Merck KGaA

North America Mold Inhibitor Market Report Segmentation

By Type

  • Benzoates
  • Sorbates
  • Propionates
  • Parabens
  • Others

By Application

  • Pharmaceuticals
  • Food & Beverage
  • Animal Feed
  • Cosmetics & Personal Care
  • Others

By Country

  • US
  • Canada
  • Mexico
  • Rest of North America
HAVE A QUESTION?

HAVE A QUESTION?

Call: +1(646) 600-5072

SPECIAL PRICING & DISCOUNTS


  • Buy Sections of This Report
  • Buy Country Level Reports
  • Request for Historical Data
  • Discounts Available for Start-Ups & Universities

Unique Offerings Unique Offerings


  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Support with 10% customization free after sale

Trusted by over
5000+ clients

Our team of dedicated experts can provide you with attractive expansion opportunities for your business.

Client Logo