Nisin Market - Global Industry Analysis

Albany, NY -- (SBWire) -- 03/09/2019 --Transparency Market Research (TMR), in its recent outlook titled, "Nisin Market: Global Industry Analysis and Opportunity Assessment 2018-2026," projects that in terms of value, global nisin market revenue will expand at a CAGR of 4.2% during the forecast period. In terms of revenue, the global nisin market accounted for around US$ 309.6 Mn in 2017 and is anticipated to increase roughly to about US$ 445.6 Mn by 2026.

Apart from nisin being a heat-resistive preservative, it also acts as a broad spectrum preservative, effective against many gram-positive organisms such as lactic acid bacteria, listeria monocytogenes, staphylococcus aureus, bacillus cereus, and clostridium botulinum, among others, which is expected to drive the growth of the nisin market over the forecast period.

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Growing consumer preference for processed and ready-to-eat food products, coupled with an increasing consumer population shifting to products containing vegetables and meat as a prime ingredient, is identified to boost the demand for bio-preservatives such as nisin.

The nisin market in Asia Pacific is likely to face a challenge to growth during the forecast period, prominently owing to the price restraint compared to that of conventional chemical preservatives. Highly-refined chemical preservatives are available in the market at a very low price, as they are mass-produced in chemicals. The cost for nisin production is high, as producers have lower production per unit of input and increased labor cost, while margins are getting squeezed due to the increasing competition.

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Moreover, there is no proper alignment between supply and demand, as the information system and statistics available for producers is not as reliable and detailed as that of the food industry and general agriculture in the countries with well-developed markets. If, by chance, there is any imbalance in the lactate concentration beyond a standard level and a decrease in the pH level, it can drastically affect the final end product, which is expected to be a significant restraining factor for the growth of nisin market over the forecast period.