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According to a new report Global Nisin Market, published by KBV research, The Global Nisin Market size is expected to reach $624.5 Million by 2027, rising at a market growth of 7.3% CAGR during the forecast period.
Based on the type, the powder segment obtained the highest revenue share of the global nisin market in 2020. Moreover, the segment is likely to display similar kind of trend even during the forecast period. As nisin shows antibacterial properties and applications, its demand in powder form is rapidly increasing in developed countries. Additionally, it can be utilized in processed cheese, cottage cheese, dairy goods, flavored milk, sauces, coconut water, dipping sauces, meat, canned meals, and soy sauce.
The food & beverages segment acquired a substantial revenue share in the global Nisin market in 2020 and would showcase a similar kind of trend even during the forecast period. Factor such as growing demand for Nisin products in the food & beverages industry is responsible for the growth of this segment. Moreover, the growth of the market is boosted by the growing consumer demand for antibacterial products in established countries.
North America obtained the maximum revenue share in the global Nisin market and would showcase a similar kind of trend even during the forecast period. In addition, the growing inclination of the consumers for synthetic food preservatives is expected to boost the regional market. It has motivated the players operating in the region to invest in organic alternatives of bio preservatives.
Full Report: https://www.kbvresearch.com/nisin-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.