Nisin is widely used as a natural preservative in various food products such as dairy products, canned foods, and meat products owing to its superior antibacterial properties. Nisin prevents the growth of gram-positive bacteria such as Listeria monocytogenes and Bacillus cereus that can cause foodborne illnesses. It is commonly added to cheese, yogurt, salad dressings, and canned foods to increase their shelf life by inhibiting bacterial spoilage. With rising health consciousness among consumers, the demand for natural preservatives is increasing significantly. Consumers are inclined toward clean label products with no artificial preservatives. Moreover, stringent regulations regarding the use of chemical preservatives are further catalyzing the demand for natural antimicrobials like nisin.
The global Nisin Market is estimated to be valued at US$ 176.72 Bn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Growing Applications of Nisin in Meat Products
Nisin finds wide applications in processed and packaged meat products as an all-natural preservative. It inhibits the outgrowth of Clostridium botulinum spores that can cause botulism. It allows meat products to have an extended refrigerated shelf life without compromising on food safety. Nisin application in meat products provides resistance against pathogens and microbial spoilage. It prevents the production of toxins and ensures the microbial stability of freshly sliced luncheon meats, sausages, and canned meat products. Moreover, regulatory approvals for the use of nisin in various meat applications are augmenting its demand across major meat producing countries. These factors are expected to fuel the demand for nisin from the meat industry over the forecast period.
Porter’s Analysis
Threat of new entrants: The threat of new entrants in the nisin market is moderate as this market requires high capital investment for R&D, specialized manufacturing processes and dealing with quality standards.
Bargaining power of buyers: The bargaining power of buyers is high in this market as nisin is a commodity product and buyers can easily switch between suppliers.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are multiple suppliers in this market who can supply nisin.
Threat of new substitutes: The threat of substitutes is moderate as there are alternative preservatives available in the market.
Competitive rivalry: The competitive rivalry is high among the existing players to gain major market share.
Key Takeaways
The Global Nisin Market Size is expected to witness high growth during the forecast period of 2023-2030.
Regional analysis: North America dominates the nisin market owing to the growing demand from food industry in U.S and Canada. Key players operating in the nisin market are Chevron Phillips, DuPont, Danisco, DSM, Galactic, Zhejiang Silver-Elephant Bio-Engineering.
Key players operating in the nisin market are focusing on capacity expansion and new product launches. For instance, in 2021, DuPont launched a new nisin product Nisaplin B 500 for food applications. The company also expanded its manufacturing facility in Illinois, U.S. to increase its nisin production capacity. The usage of nisin as a food preservative is increasing due to rising health awareness among people. Regions like Asia Pacific and Latin America offer lucrative growth opportunities for players due to growing food processing industry in these regions.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
