March 5, 2024
Nisin Market

The global Nisin Market is estimated to Propelled by Increasing demand from Food and Beverage Industry

Nisin is a polycyclic antibacterial peptide produced by the fermentation of Lactococcus lactis subsp. lactis bacteria. It has commonly been used as a natural food preservative in various food items such as dairy products, canned foods, salad dressings, etc owing to its advantages such as safe, non-toxic, and heat stable nature. The nisin market is growing due to the consumer demand for minimally processed food products with fewer synthetic preservatives.

The global Nisin Market is estimated to be valued at US$ 203.59 Mn in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The increasing demand from the food and beverage industry has expanded nisin market size substantially. Nisin is increasingly being used as a natural preservative in dairy products, confectionaries, ready meals, beverages, and other food applications. It aids in extending the shelf life of products by preventing the growth of dangerous pathogens and spoilage-causing microorganisms. Consumers are willing to pay premium prices for clean label and preservative-free products, which is propelling the demand for natural food preservatives like nisin. The rising health-conscious consumer base globally is a major factor supporting the growth of the nisin market.

SWOT Analysis

Strength: Nisin is used as a natural preservative in food and pharmaceutical products which makes it preferable over synthetic preservatives. It enhances the shelf life of products without affecting the sensory properties.

Weakness: The extraction and purification process of nisin is complex and expensive which increases its production cost compared to synthetic preservatives. The taste and smell of nisin may not be acceptable in certain food products.

Opportunity: Increasing demand for clean label and natural ingredients in food products has opened opportunities for nisin especially in meat and dairy products. Growing health concerns have led to higher preference for minimally processed foods with natural preservatives.

Threats: Stringent safety and quality regulations for food additives can delay the approval and commercialization of nisin. Substitute natural compounds with preservative properties pose competitive threats.

Key Takeaways

The global nisin market size is expected to witness high growth over the forecast period supported by rising demand for natural preservatives in various food applications. The global Nisin Market is estimated to be valued at US$ 203.59 Mn in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 to 2031.

Regionally, North America dominates the market currently due to large scale consumption of processed meat and seafood where nisin finds wide application as a preservative. Europe is another major regional market for nisin driven by stringent regulations prohibiting chemical preservatives in meat and dairy products.

Key players operating in the nisin market are Chevron Phillips Chemical Company, BASF SE, Evonik Industries AG, Arkema Group, Solvay SA, Taizhou Sunny Chemical Co., Ltd., Arkema Group, Prasol Chemicals Pvt. Ltd., TCI Chemicals (Tokyo Chemical Industry Co., Ltd.), Apollo Scientific Ltd., Sasol Ltd., Merck KGaA, Lanxess AG, Zhejiang Weihua Chemical Co., Ltd., Tokyo Chemical Industry UK Ltd. These companies are focusing on capacity expansion and new product launches catering to various end use segments to strengthen their market position.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraaged AI tools to mine information and compile it