Mold Inhibitors Market Is Expected To Reaching Nearly USD 2.4 Billion By 2032 | CAGR of 6.2%

Allied Market Research published a report, titled, "Mold Inhibitor Market By Type (Propionates, Sorbates, Benzoates, Parabens, and Others), and Application (Food And Beverage, Animal Feed, Pharmaceuticals, Cosmetics And Personal Care, and Others): Global Opportunity Analysis And Industry Forecast, 2023-2032". According to the report, the global mold inhibitor industry generated $1.3 billion in 2022 and is anticipated to generate $2.4 billion by 2032, witnessing a CAGR of 6.2% from 2023 to 2032.

A key global trend in the mold inhibitor market is the increasing demand driven by the growth in the food industry and the rising awareness of food safety. As consumers become more conscious about the quality and longevity of food products, the mold inhibitor market is experiencing substantial expansion. Raw materials in the mold inhibitor market include cereal grains, fats & oils, added vitamins, minerals, and other nutritional sources. The volatile price of these raw materials is expected to hamper the growth of the global mold inhibitor market. The economic growth, changes in lifestyle, population growth, and other structural changes are driving the livestock revolution, and hence supplementing the overall growth of the mold inhibitor market.

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By type, the benzoates segment held the highest market share in 2022, accounting for more than one-fifth of the global market revenue and is estimated to maintain its leadership status throughout the forecast period. However, the propionates segment is projected to manifest the highest CAGR of 5.9% from 2023 to 2032.

By application, the pharmaceuticals segment held the highest market share in 2022, accounting for about two-fifths of the global mold inhibitor market revenue and is estimated to maintain its leadership status throughout the forecast period. However, the cosmetic and personal care segment is the fastest-growing segment and is projected to manifest the highest CAGR of 8.5% from 2023 to 2032.

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The Europe region held the highest market share in 2022, accounting for more than one-third of the market revenue, and is estimated to maintain its leadership status throughout the forecast period. In addition, the Asia-Pacific region is projected to manifest the highest CAGR of 7.1% from 2023 to 2032.

Leading Market Players: -

UPFIELD B.V.

KITE HILL

MIYOKO'S CREAMERY

TOFUTTI BRANDS, INC.

TREELINE TREENUT CHEESE COMPANY, LLC.

VTOPIAN ARTISAN CHEESES, LLC

SAPUTO INC.

PARMELA CREAMERY

GOOD PLANET FOODS INC.

NUTS FOR CHEESE

ABOVE FOOD INC.

TYNE CHEASE LIMITED

BEL SA

DANONE S.A.

MAPLE LEAF FOODS, INC.

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The report provides a detailed analysis of these key players in the global mold inhibitor market. These players have adopted different strategies such as new product launches, business expansion, partnerships, mergers, and others, to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Access Full Summary: https://www.alliedmarketresearch.com/mold-inhibitor-market-A52781

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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