Nisin Market – Gains Likely From Consumers’ Quest for Natural Food Preservatives
A notable rise in the number of instances of food adulteration, under the disguise of innovation, has compelled regulatory bodies to focus more on the control food contamination. The concept of organic farming, in turn, has been offering the required boost to the ‘clean food’ movement, especially in developed countries, which has sown the seeds for the transmutation of the food industry.A seismic shift in consumers’ opinion towards synthesized food preservatives has made it apparent that, manufacturers need to look for natural food preservatives for survival in the landscape.
This shift has offered significant popularity to nisin, and has widened its application spectrum in end uses, including, but not confined to, snacks, bakery items, and dairy products, for improving their shelf lives. Market players are increasingly exploring the rancidity-control property of nisin, and expanding its application in alcoholic and non-pasteurized beverages.
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The infiltration of nisin in a majority of food and beverage segments implies that, it has robust sales potential. However, manufacturers need to weed out the issues apropos of the high cost of nisin by leveraging the prowess of advanced technology.
Transparency Market Research, in its latest research report, underlines the vital data points, recent trends, and notable developments specific to the nisin market for the estimated timeline of 2019-2028, with a view to offer explicit information to the readers, and assist them in creating a future roadmap towards business advancement.
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Tracing the Evolution of the Nisin Market
The approval of nisin for commercial use traces back to the 1960s, post which, it has been advancing towards the phase of disruption. With regulations passed in favor of nisin, it holds the status of a ‘safe food preservative’, which has entailed the movement of food and beverages manufacturers in the direction of leveraging its properties to improve the shelf life of their products. In 2018, ~ 6,700 MT worth of the nisin was sold, which corresponded to a value of ~ US$ 297 Mn.
Considerable efforts have been put in R&D activities by players to comprehend the antilisterial properties of nisin, and numerous propositions regarding its end-use applications have been made to control the spoilage of lactic acid bacteria in products undergoing the fermentation process.The restored interest of manufacturers in nisin as an antibacterial formulation has broadened the windows of opportunities in the treatment of human ulcers and mastitis among cattle.
Some researchers also claim to have found anticancer properties in nisin, which, if approved, will attract the attention of nutraceutical and pharmaceutical manufacturers. Sensing the perpetually growing interest of manufacturers, TMR estimates that the nisin market will register a CAGR of ~ 5% during the forecast period of 2019-2028.
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Nisin Market – Clean Sweeping the Revenue Driven by the ‘Clean Label’ Products Trend
Continuous research activities in the landscape have led to the development of nisin in the powdered and liquid form, which adds value to its usability in the food and beverage industry. Though easy to blend, liquid nisin has a shorter shelf life as compared to powdered nisin, which offers better sales chances to the latter. Nearly 97% of the total nisin sales closed in 2018 were the ones in the powdered form; however, the liquid nisin segment is likely to grow exponentially through to 2028.
Among the broad spectra of end uses, the meat, poultry, and seafood segment has been contributing ~ 33% to the total market share. However, the penetration of nisin has been rapidly increasing in the dairy industry, as the need to preserve dairy products rises. With high consumption of meat and poultry, North America remains a leading region and accounts for ~ 54% of the total market share.
Europe, holds ~ 23% of the total market share, as the consumption of ‘grab-to-eat’ food products increasingly become the way to go for consumers. However, the price point of nisin becomes a pain point for the growth of the overall landscape, especially in developing countries.Consumers in developing countries continue to prefer cost-effective and widely available chemical preservatives, as the concept of ‘clean label products’ has still not evenly penetrated in these regions.
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