Global mold inhibitors market was valued at USD 1,646.24 million in 2018 and is expected to grow at a CAGR 4.6% to reach USD 2,345.88 million by 2026

Mold Inhibitors Market

Mold inhibitors help in delaying food spoilage by preventing fungal growth. They have a wide variety of applications in baking, confectionery, meat, dairy, and feed industries. Traditionally, synthetic mold inhibitors such as propionates, benzoates, and sorbates are being used in the food and feed industries. However, increasing inclination of consumers towards natural and organic ingredients has upsurged the demand for clean label mold inhibitors, especially in the bakery industry. Natamycin is one of the highly used products and being used for its natural mold inhibiting properties. Manufacturers have also started launching products using new formulations like vinegar, jasmine extract, cultured whey, and other natural extracts to meet the growing consumer demand.

The Major Players Covered in this Report:
Eastman Chemical Company, BASF, Koninklijke DSM N.V, DuPont de Nemours, Bentol, Watson Inc, Kemin Industries, Inc, and HANDARY S.A 

The global mold inhibitors market was valued at USD 1,646.24 million in 2018 and is expected to grow at a CAGR 4.6% to reach USD 2,345.88 million by 2026.

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By Type, Natural mold inhibitors , Synthetic mold inhibitors

Segmental Insights

Global mold inhibitors market is segmented into type and region.

Based on type, the global mold inhibitors market is segmented into natural mold inhibitors and synthetic mold inhibitors. Natural fungal inhibitor (Acetic acid and Natamycin) controls and eliminates mold and fungal growth in the fermentation process of food, bakery, and feed products by adding Aspergillus genus extract to maintain and increase the shelf life. Fungal growth is highly favored by warm and muggy conditions, which makes bakery products more prone to developing mold or fungal growth. Globally, around 4%–5% of the bakery products produced are spoiled by fungal growth. For instance, 1.3 billion tons of food are discarded every year for the same reason. To avoid such damage, employing natural mold inhibitors in the bakery industry is paramount. On September 2018, Lesaffre completed the acquisition of Delavau. The company manufactures Encore Fresh for mold inhibition and marinating flavor of food products. Besides, Kemin Industries, Inc. offers PREVION mold inhibitor to the pet food market.

Regional Analysis For Mold Inhibitors Market:

North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

In this study, the years considered to estimate the market size of the Mold Inhibitors are as follows:

History Year: 2014-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2021 to 2026

The study objectives of this report are:

To study and forecast the market size of the Mold Inhibitors in the global market.
To analyze the global key players, SWOT analysis, value, and global market share for top players.
To define, describe and forecast the market by type, end-use, and region.
To analyze and compare the market status and forecast among global major regions.
 Analyze the potential of the global market and the advantages, opportunities and challenges, constraints, and risks of key regions.
Identify the key trends and factors that are driving or holding back market growth.
To analyze the opportunities in the market for stakeholders by identifying the high-growth segments.
Strategic analysis of each submarket in light of individual growth trends and market contributions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Complete analysis of the strategic strategy and growth of key players

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