According to MarketsandMarkets, the global nisin market size is estimated to be valued at USD 443 million in 2020 and is projected to reach USD 553million by 2025, recording a CAGR of 4.5%. The increase in consumption of packed and processed food productsisprojected to drivethe growth of the nisinindustry.
The nisin market is projected to witness significant growth in the near future due to the changing lifestyles of consumers all across the globe. The growth in household income, consumer demand for better food quality and organic food products, and the rise in awareness regarding healthy diet are the major factors that have led to a surge in demand for nisin in the market. The demand for nisin is substantial in developed regions, such as North America and Europe, andincreasing in other developing regions such as Asia Pacific. The demand for nisin is projected to grow in the coming years. This rise in consumer trends has led to high growth potential for the manufacturers of canned and processed food products,which is projected to drive the growth of the organic preservatives market.
The dairy products segment is projected to be a dominant and the fastest-growing in the nisin market. Dairy products are sensitive to thermal treatment. Therefore non-thermal treatments are gaining increased interest in the food industry due to their capability of assuring quality and safety of food products such as nisin. Nisin is an antimicrobial peptide, which is considered safe as they can be easily degraded by proteolytic enzymes of the mammalian gastrointestinal tract.
The Asia Pacific nisin marketis projected to witness the highest growth potential in the coming years. A large consumer market and an increase in disposable income in India and China areprojected to drive the demand for easily digestible and non-toxic ingredients. In addition, Chinais the manufacturing hub of nisinand has sufficient manufacturing plants to cater toregional and international demands. Moreover, urbanization in countries, such as India and China,is projected to increase, due to which the nisin market in Southeast Asia is projected to witness significant growth during the forecast period.