May 29, 2024
Nisin Market

The Global Nisin Market is driven by growing demand for natural food preservatives

Nisin is a polycyclic antibacterial peptide produced by some strains of the lactic acid bacterium Lactococcus lactis. It is widely used as a natural preservative in various food products such as dairy products, meat, seafood, beverages and others due to its effectiveness against gram-positive bacteria. Nisin kills bacteria by forming complexes with lipid II, a molecule involved in bacterial cell wall biosynthesis. This mechanism of action makes nisin effective even against bacteria resistant to other antibiotics.

The global food industry is witnessing rapid growth in demand for natural and clean label preservatives to replace artificial chemical preservatives. Nisin being a naturally produced peptide fits well as a clean label preservative option. It is popular among health conscious consumers who prefer minimal processed foods with a cleaner label. Nisin helps increase the shelf life of foods without compromising on their freshness and nutritional quality. The growing demand for convenience and extended shelf life foods is also driving its use in product formulations.

The global Nisin Market is estimated to be valued at US$ 203.59 Mn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends: One of the key trends in the nisin market is the increasing demand from packaged food companies. Consumers are shifting towards convenient packaged food products which require effective preservation. Nisin acts as an ideal natural preservative to extend the shelf life of packaged food products without compromising on taste and food quality. Leading packaged food producers are opting for nisin to replace chemical preservatives and appeal to conscious consumers. Owing to its widespread applications across diverse food categories, the demand for nisin from the food industry is expected to significantly drive the market over the forecast period.

Porter’s Analysis
Threat of new entrants: New entrants face high capital requirements and established brands have economies of scale advantages. Bargaining power of buyers: Buyers have medium bargaining power due to availability of substitute products. Bargaining power of suppliers: Suppliers have high bargaining power due to availability of raw materials. Threat of new substitutes: Threat of new substitutes is low as nisin offers unique antibacterial properties. Competitive rivalry: The market is fragmented with the presence of several players competing on price and quality.

Key Takeaways

The global Nisin market size is expected to witness high growth. The global Nisin Market is estimated to be valued at US$ 203.59 Mn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 to 2031.

Europe currently dominates the nisin market due to stringent regulatory norms regarding natural food preservatives. The Asia Pacific region is expected to be the fastest growing market during the forecast period due to increasing awareness about health benefits of nisin and growth of the food processing industry.

Key players operating in the nisin market are Chevron Phillips Chemical Company, BASF SE, Evonik Industries AG, Arkema Group, Solvay SA, Taizhou Sunny Chemical Co., Ltd., Arkema Group, Prasol Chemicals Pvt. Ltd., TCI Chemicals (Tokyo Chemical Industry Co., Ltd.), Apollo Scientific Ltd., Sasol Ltd., Merck KGaA, Lanxess AG, Zhejiang Weihua Chemical Co., Ltd., Tokyo Chemical Industry UK Ltd.

Key players operating in the Nisin market are focusing on capacity expansion to meet the growing demand from the APAC region. Growing demand from processed meat industry is also expected to drive the nisin market growth during the forecast period.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraaged AI tools to mine information and compile it