The global nisin market is projected to grow at a CAGR of 5.45% during the forecast period (2020 - 2025).
- Nisin is a polycyclic antibacterial peptide that is produced by fermentation of food-grade bacteria. It is commercially used as a food preservative. Nisin is widely used in processed food, majorly in dairy products, canned food, and meat products to increase the shelf life of the food products.
- Some of the key players in the packaging industry such as Mondi Group (Austria), BioCote (U.K.), etc are incorporating anti-microbial preservatives like nisin as packaging ingredients in ready to eat products. These are often referred to as anti-microbial packaging materials and are part of recent technology “Active Packaging”.
Key Market Trends
Growing Inclination toward Clean Label Products
Increasing consumer awareness regarding the health benefits of products containing natural ingredients and strong support from multinational ingredient manufacturing companies for the development of such products are key factors driving the demand for clean label ingredients. Hence, the need for natural food preservatives that aid in the extension of the shelf-life of products such as nisin is also growing. Moreover, consumer buying patterns are being increasingly influenced by the ingredients mentioned on the labels, favoring the incorporation of nisin as a food preservative. Also, nisin is a unique bacteriocin that fights dental caries. Lack of substitutes for nisin in the market is also likely to act as a major push factor for the growth of the nisin market.
North America Market Holds the Major Market Share
North America contributed the largest value to the global nisin market. However, Asia-Pacific is expected to witness rapid growth by 2025, owing to the demand for natural preservatives. Comparatively, the nisin market in Western Europe is more established and stable with the presence of key players such as Royal DSM N.V. and Danisco A/S. These players also dominate in the global nisin market, constituting major share. The nisin market in Asia-Pacific is evolving and growing at a faster rate with new entrants in the market. Additionally, countries like China are taking stricter regulatory measures due to the lack of quality standards when compared to the European or other international counterparts, as it affects the export of nisin to other west region countries.
Competitive Landscape
Key players are focusing on expanding its market presence in the global food ingredients market through new product launches and geographic expansion in high growth markets. Some of the major players in the nisin market, globally include DSM N.V., SIVEELE B.V., DuPont, Shandong Freda Biotechnology Co. Ltd., Galactic, Chihon Biotechnology Co. Ltd., among others.
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