Global Nisin Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Nisin Market is estimated to be USD 461.31 million in 2016 and predicted to rise to USD 569.39 million by 2021 with a CAGR of 4.3%. The market is segmented by Application (Meat, dairy products, beverages, bakery products, canned vegetables, brewery and others). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The major drivers of the market are- widespread use in the food industry, effectiveness against the gram-positive and gram-negative bacteria and its use as a antimicrobial agent in active packaging. The growing use of the active packaging is also one of the aspects driving the market. Its natural way to safeguard the food by extending the lifespan without altering the taste, allows to reduce the processing temperatures and makes it easy to use. The production of nisin is sensitive and crucial. The end product is adversely affected if there is an increase in lactate concentration beyond a standard level and the decrease in pH . It is also very costly when compared to its chemical counterparts.
The market for Nisin is broadly categorized into application. On the basis of application the market is further segmented into Meat, dairy products, beverages, bakery products, canned vegetables, brewery and others. Meat accounts for the largest share in the application segment. This is majorly due to extensive consumption of meat based products in regions like North America and Europe. Dairy products are the second largest segment owing to increasing use of nisin in the production of cheese, milk. The canned vegetables segment is expected to grow at the highest rate. On the basis of geography, the market is analysed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Nisin market was dominated by North America ans is expected to grow at a rapid rate during the forecast period. Asia Pacific is the second largest market and is expected to grow at the highest CAGR.
Key players operating in nisin market share include DSM, Danisco, Galactic, UAB Baltvita and Sivelee. Other industry participants include Shandong Freda Biotechnology, Zhejiang Silver-Elephant Bio-engineering, Cayman Chemical, Duke Thomson, Handary and Chihon Biotechnology.
Browse through the full report at https://marketdataforecast.com/market-reports/nisin-market-7448/
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