The global nisin market size is estimated to be valued at USD 443 million in 2020 and is projected to reach USD 553 million by 2025, recording a CAGR of 4.5% during the forecast period. The increase in demand for processed and convenience food products with clean labels and organic ingredients is a key factor that is projected to drive the market growth.
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Key players in the nisin market include DSM (Netherlands), Galactic (Belgium), DuPont (US), Siveele B.V. (Netherlands), Zhejiang Silver-Elephant Bioengineering (China), Shandong Freda Biotechnology (China), Chihon Biotechnology (China), Mayasan Biotech (Turkey), Handary S.A. (Belgium), and Cayman Chemicals (US).
By application, the dairy ingredient segment is projected to account for the largest share in the nisin market
Dairy products are sensitive to thermal treatment. Therefore, non-thermal treatments are witnessing increased interests in the food industry due to their capability of assuring high-quality and safety of food products such as nisin. It is an antimicrobial peptide, which is considered safe since it can be easily degraded by proteolytic enzymes of the mammalian gastrointestinal tract.
For processed cheese, nisin is the most preferred and effective preservative, where typically, the heat treatment step of pasteurization does not eliminate all the spores. The lack of nisin application would result in the outgrowth of these spores and production of gas and off-flavors and possible liquefaction of the solid cheeses and other dairy products.
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The Asia Pacific region is projected to witness the fastest growth during the forecast period.
Key manufacturers of nisin are based in Asia Pacific and are focusing on gaining a major market share. The increase in the per capita income and the rise in the population are the key factors, due to which the nisin market is projected to record the fastest growth in the region. Moreover, rapid urbanization in countries, such as India and China, is a key factor that has led to significant growth of the nisin market in Southeast Asia during the forecast period.