Nisin Market Outlook, Trend, Type, Growth, Top Companies, Region, Forecast, 2021-2030

People's changing lifestyle, varied consumer trends towards ready-to-use food products, and growth in bakery, confectionery, meat, and poultry applications drive the growth of the global nisin market. However, stringent regulations pertaining to the use of chemical preservatives in certain regions and surge in awareness regarding the utilization of additives hamper the market growth. On the other hand, continuous research activities by the players and strong support from multinational ingredient manufacturing companies for the development of such products are expected to create new opportunities in the coming years.

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The global nisin market size was valued at $317.9 million in 2020, and is projected to reach $638.1 million by 2030, growing at a CAGR of 7.3% from 2021 to 2030.

The key players profiled in the report include Cayman Chemical Company, Chihon Biotechnology Co., Ltd., Duke Thomson's India Pvt. Ltd., DuPont de Nemours, Inc., Galactic, Mayasan Biotech , Merck Group, Royal DSM, Santa Cruz Biotechnology, Inc., and Siveele B.V.

Continuous research activities by the players in the market have led to the development of nisin in powdered and liquid form, which adds value to its usability in the food & beverages industry. Though easy to blend, liquid nisin has a shorter shelf life as compared to powdered nisin, which offers better sales chances compared to the latter. Nearly 95% of the total nisin sales closed in 2020 were the ones in powdered form; however, the liquid nisin segment is expected to grow exponentially through to 2030.

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 the key nisin market trends. Therefore, the need for natural food preservatives that aid in the extension of the shelf-life of products, such as nisin, is also growing.

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According to the nisin market analysis, the market is segmented on the basis of type, application, and region. By type, it is divided into powder and liquid. On the basis of application, the market is split into food & beverages, pharmaceuticals, and cosmetics and personal care. The food & beverages segment is sub-segmented into meat and poultry products, dairy products, beverages, canned products, and others. The market is analyzed across four regions such as North America, Europe, Asia-Pacific, and LAMEA.

Based on type, the powder form of nisin held the major share in the market. This is attributed to its cost-effectiveness and wide availability. Moreover, the wide incorporation of powder form on nisin in pharma and cosmetics products as a preservative has spurred the market growth.

Based on application, the food & beverages segment gain a major traction in the market in 2020. Meat and poultry products segment in food & beverages held the major share in the market. The growth of the sea food, meat, & poultry market is driven by rise in consumption of meat products across the world. A number of food preservatives is used to enhance the shelf life of packaged meat. As the consumption of packaged meat is growing substantially, the growth of the nisin market is positively impacted.

Regionally, North America accounted for approximately half of the total nisin market in 2020, and is expected to remain dominant during the nisin market forecast period. Asia-Pacific is expected to be a prominent market with major growth expected in China, India, and other developing countries.

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