The global nisin market was valued at US$ 489.58 million in 2016 and is expected to reach US$ 732.10 million by 2025, witnessing a CAGR of 4.6% over the forecast period (2017-2025), Nisin is an antibacterial, natural, and toxicologically safe preservative. It is produced by fermentation process from a food grade strain of Lactococcus lactis, which is a type of lactic acid bacterium. It is highly effective against spores and gram positive bacterium. Nisin is used in aquatic products, dairy products, milk and meat products, plant proteins, fast food, fruit juices, canned food, beverages, cosmetics, medicines, and health care products. Nisin reduces the temperature during food sterilization, decreases the time required for sterilization, reduces the damage to nutrients, improves food quality, and prolongs storage duration. Nisin is used as a biopreservative for biomedical application such as prevention of dental caries and anti-cancer, in turn, driving growth of the global nisin market.
North America is estimated to hold the largest market share of 34.69% in 2016. This is due to high demand for meat products and ready-to-eat convenience food, and natural preservatives. Asia Pacific is estimated to be the fastest growing nisin market, owing to increasing population, increasing disposable income, growing awareness about the health hazards of synthetic preservatives, and increasing adoption of natural preservatives.
Key features of the study:
This report provides in-depth analysis of nisin market, market size (US$ Million), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017 – 2025), considering 2016 as the base year and 2015 as historical information
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global nisin market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include Amtech Biotech Co., Ltd, Chihon Biotechnology Co., Ltd., Cayman Chemical, Danisco A/S, DSM N.V., Galactic, Handary S.A., Royal, Sivelee B.V., Shandong Freda Biotechnology Co., and Zhejiang Silver-Elephant Bio-engineering Co. Ltd.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launch, market expansion, and marketing tactics
The global nisin market report caters to various stakeholders in this industry, including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the nisin market