Top Factors Driving the Global Nisin Market – Technavio

LONDON–(BUSINESS WIRE)–#Food—Technavio
market research analysts forecast the global
nisin market to grow at a CAGR of around 7% during
the period 2018-2022, according to their latest report.

This market research report segments the global nisin market into the
following applications (meat, dairy products, beverages, bakery
products, and other applications) and key regions (the Americas, APAC,
and EMEA).

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In this report, Technavio analysts highlight the growing preference for
natural food preservatives among consumers as a key factor contributing
to the growth of the global nisin market:

Growing preference for natural food
preservative among consumers

One of the growth drivers of global
nisin market is the shift in consumer preference from synthetic
to natural food additives. It has been observed that the market for
natural shelf-life stabilizers witnessed a relatively higher growth than
the global synthetic additives market. Consumers perceive natural food
additives to be safer and healthier than synthetic food additives.

Even though the cost of manufacturing natural food additives is higher
than artificial food additives, the growing global health awareness is
positively influencing their adoption rate among consumers. The
increasing consumer demand for drinks with less or no sugar is forcing
manufacturers to introduce healthier alternatives. Thus, the growing
preference for natural food additives among consumers will have a
positive influence on production and consumption of food preservatives
such as nisin during the forecast period.

According to a senior analyst at Technavio for food
research, “Changes in food regulations in the US are creating a
significantly higher demand for food additives such as natural
sweeteners and natural colorants. Also, the growing consumer demand for
clean-label assertions has increased the need for versatile natural
colorants such as tomato-based colorants.”

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Global nisin market segmentation

Of the four major applications, the meat segment held the largest market
share in 2017, accounting for over 32%, followed by dairy products,
beverages, and bakery product segments respectively. However, the market
share for all these applications is expected to witness a dip which will
be absorbed by the segment. The others segment is expected to witness an
increase of 1.52% in its market share by 2022.

The Americas was the leading region for the global nisin market in 2017,
accounting for a market share of over 43%, followed by EMEA. Although
APAC accounted for the smallest market share in 2017, it is expected to
witness the highest growth over the forecast period and increase its
market share by 1.3% by 2022.

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