Nisin Market worth 545.5 M USD by 2020

Monday 25 April 2016, Amsterdam

The report, now available on ASDReports, "Nisin Market by Application Industry (Meat & Seafood, Dairy Products, Beverages, Bakery Products, Canned Vegetable and Others), and by Geography (North America, Europe, Asia-Pacific, and Rest of the World) - Global Trends and Forecast to 2020", The global nisin market size is expected to reach USD 545.5 Million by 2020, at a CAGR of 4.3% during the period 2015 to 2020. Increasing population, growing awareness, increase in disposable income, and emerging economies such as China and Japan are influencing the overall demand for nisin. Nisin preservative market in the Asia-Pacific region is expected to grow at a higher CAGR as compared to other regions.

Canned Vegetables: the fastest-growing application segment in nisin preservative market

Canned vegetables are majorly consumed in food & beverages industry. Growing demand and increasing population lead to higher consumption of canned vegetables. The canned vegetables segment covers a wide range of application areas for nisin, which results in the highest growth rate of nisin consumption in this application segment.

Meat: the largest application segment for nisin preservative market

Meat segment comprises of a wide range of meat and sea food products which are largely consumed in regions such as North America and Europe because of the cold environment in both regions. The U.S. is the largest consumer of meat in the world. The effective benefits of meat helps in the wide consumption of the application across the globe. Meat contains all essential amino acid which is helpful for good health and makes meat a complete protein. It is also consumed for weight loss and to control appetite.

North America: the most dominant region in the Nisin preservative

North America is considered as the major regional market for nisin. High demand for minimally processed convenience foods with enhanced storage lives makes North America the most dominant regional market for nisin. In the U.S., over 90% of all foods are packaged and the use of preservatives for shelf-life extension is of high significance to the preservative industry. The nisin market in the Asia-Pacific region is the fastest-growing market, followed by Europe and North America.

The key players operating in the global nisin market include Danisco A/S (Europe), Royal DSM N.V. (Netherlands), Sivelee B.V. (Netherlands), Galactic (Germany), Shandong Freda Biotechnology Co., Ltd. (China), Zhejiang Silver-Elephant Bio-engineering Co. Ltd. (China), Chihon Biotechnology Co., Ltd. (China), and others.

The global nisin market is segmented on the basis of application (meat, dairy products, beverages, bakery products, canned vegetables, others) and by region (North America, Asia-Pacific, Europe, RoW).