In the year 2018, Global Nisin Market was valued at USD 501.84 Million. By the year 2023, it is expected to reach USD 619.42 Million at pace of 4.3% CAGR.
Nisin is a polypeptide produced by bacteria Lactococcus lactis that helps to terminate the bacteria in food and beverages. It has a pH range of 3.5-8 and it is also approved as significant antimicrobial agent by World Health Organization (WHO) and Food & Agriculture Organization. Nisin is generally available in greyish white or yellowish powder.
The growth for Nisin market is driven due to factors like increasing usage of nisin in various food preservative such as processed cheese, pasteurized dairy products, pasteurized liquid egg, canned vegetables, and other products, it helps to control the spoilage which caused due to lactic acid bacteria in low pH food such as salads and alcoholic beverages like beer and wine. In addition, advancement of technology in nisin production, growing awareness about nisin products, and easy to use properties are expected to propel the market growth. However, nisin is considered as sensitive and crucial production process, lack of awareness about nisin products in the developing countries is expected to hinder growth rate for Global Nisin Market.
Based on geography the Nisin market has been primarily divided into Asia Pacific, Middle East and Africa, North America and Latin America. North America holds the largest market share in the global nisin market followed by Europe due to increasing demand for safe and convenience food and growing awareness about use of natural preservatives are the driving factors in this region. Asia-Pacific is expected to contribute high growth rate for Nisin market during the forecast period.
Leading companies for Global Nisin market are DSM, Danisco, Galactic, UAB Baltvita and Sivelee, Shandong Freda Biotechnology, Zhejiang Silver-Elephant Bio-engineering, Cayman Chemical, Duke Thomson, Handary and Chihon Biotechnology.
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