Global Nisin Market Revenue Is Nearly 162 M USD In 2018
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Nisin is a polycyclic antibacterial peptide produced by the bacterium Lactococcus lactis that is used as a food preservative. In the food industry, nisin is obtained from the culturing of L. lactis on natural substrates, such as milk or dextrose, and it is not chemically synthesized. In the last several years, global market of Nisin developed rapidly, with a revenue average growth rate of 3.4% during 2014 to 2019. In 2018, global revenue of Nisin is nearly 162 M USD; the actual sales are about 2860 MT. Increasing population, growing awareness, increase in disposable income, and emerging economies are influencing the overall demand for nisin.
The global nisin market is, however, currently restrained by precised production; as the production process of nisin is highly sensitive and requires a lot of precision. 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 the nisin market.
The classification of Nisin includes Powder and Liquid, the powder segment is likely to be the most attractive segment in the forecast. and the proportion of Powder in 2018 is about 98.3%, and the proportion is decreasing trend from 2014 to 2018.
Nisin is widely used on Meat?&?Seafood, Dairy?Products, Bakery and Others. The most proportion of Nisin is used on Meat?&?Seafood, and the consumption proportion is about 37% in 2018.
China is the largest consumption place, with a consumption market share nearly 34.2% in 2018. Following China, Europe is the second largest consumption place with the consumption market share of 31.3%, North America is also an important region for the Nisin.
Market competition is intense. Some of the major companies operating in the global nisin market are DuPont (Danisco), Royal DSM, SDM, Amtech Biotech, Chihon Biotechnology, etc. They hold the key technologies and patents, with high-end customers. They have formed global market channel of the industry. However, with the future expanding market, there will be more manufacturers in the future.