Global Natamycin Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

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Market Insights

The global natamycin market is expected to register a CAGR of 3.5% during the forecast period, 2018-2023.

Most of the food products are infused with preservatives to increase their shelf life. Natamycin acts as a perfect natural preservative due to its long-lasting effect and ability to preserve taste. Most manufacturers prefer using natural preservatives, as the consumers have evolved from low to high involvement buyers. Moreover, they are willing to spend more on products with higher natural contents.        

Market Dynamics

Natamycin is applied as an antifungal material to the products in the food industry, as it is the most effective and natural method for preservation. The increasing global demand for processed, dairy, and meat products is expected to boost the demand for natamycin.  Most of these products are susceptible to contamination due to the rapid growth of mould, which affects the product quality and leads to its deterioration. Among most antifungal preservatives such as sorbic acid, potassium sorbate, and lactic acid, natamycin stands out due to its longer lasting antifungal effect. In addition, it is completely natural, making it a preferred additive in the food industry due to the increasing number of health-conscious consumers.   

Market Segmentation

Based on application, the natamycin market can be segmented into bakery, meat & poultry, dairy, beverage, oils and fats, and others. Natamycin is primarily used as an essential ingredient in packaged foods & beverages, especially in dairy and meat products. Natamycin can be used in several ways such as aqueous suspensions that can be sprayed on the product surface or the product can be dipped into the solution. It can also be used in powdered forms (along with certain anti-caking agents) that can be sprinkled on or mixed into the food product. Moreover, it has applications in the pharmaceutical industry as an antifungal preservative and in antifungal creams.

Regional Analysis

Asia-Pacific accounts for the largest market share of 33% and is expected to register the highest CAGR, during the forecast period. The market growth can be attributed to the increasing consumption of processed food and growing disposable income. Europe is one of the regions that have high potential for growth of the natamycin market. North America is expected to witness comparatively slower growth than other regions, due to lower acceptance.

Key Developments 

  • 2014- Kraft's Singles cheese product slices are dumping artificial preservatives, substituting sorbic acid with natamycin as a mold-fighter.
  • 2011- Danisco has launched a new complex of gamma-cyclodextrin and natamycin, a well-established anti-fungal food ingredient. This can offer more cost-effective and process-friendly options for bakery and beverage products. Natamax B Plus, is said to be three times more effective in controlling yeast and mold when sprayed on baked goods than the same concentration of pure natamycin.

Competitive Landscape

Major players: Danisco, DSM, Handary Amtech Biotech, Zhejiang Silver-Elephant, Lanzhou Weiri, Langfang Meihua, Zhengzhou New Frey, Chihon Biotechnology, VGP Pharmachem, JiaozuoJoincare, Beijing Oriental Rada, and Pucheng Lifecome amongst others. These companies focus on capacity expansion, due to the growing demand for natamycin in the food industry

Reasons to Purchase the Report

  • Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
  • Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth opportunities of the market in the years to come
  • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
  • Regional and country-level analysis integrating the demand and supply forces that are influencing the growth of the market
  • Competitive landscape involving the market shares of major players along with the key strategies adopted for development in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • 3 month analyst support, along with the Market Estimates sheet (in excel)

Customization of the Report

  • Value chain analysis
  • Consumer behavior analysis in country level

This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.

1. Introduction

                1.1 Key Deliverables of the Study

                1.2 Study Assumptions

                1.3 Market Definition

2. Research Approach and Methodology

                2.1 Introduction

                2.2 Study Timelines

                2.3 Study Phases

                                2.3.1 Secondary Research

                                2.3.2 Discussion Guide

                                2.3.3 Market Engineering & Econometric Modelling

                                2.3.4 Expert Validation

3. Market Overview

                3.1 Market Trends

                3.2 Market Dynamics

                                3.2.1 Drivers

                                3.2.2 Restraints

                                3.2.3 Opportunities

                                3.2.4 Porter's Five Forces Analysis

                                       Bargaining Power of Suppliers

                                       Bargaining Power of Buyers

                                       Threat of New Entrants

                                       Threat of Substitute Products & Services

                                       Degree of Competition

4. Market Segmentation

                4.1 By Application

                             4.1.1 Bakery

                             4.1.2 Meat and Poultry

                             4.1.3 Dairy

                             4.1.4 Beverage

                             4.1.5 Oils and Fats

                             4.1.6 Others

                4.2 By Geography

                                4.2.1 North America

                                       United States



                                       Rest of North America

                                4.2.2 Europe


                                       United Kingdom




                                       Rest of Europe

                                4.2.3 Asia-Pacific





                                       Rest of Asia-Pacific

                                4.2.4 Rest of the World

                                       South America

                                       Middle East and Africa

5. Competitive Landscape

                5.1 Strategy Adopted by Key Players

                5.2 Most Active Companies in the Past Five Years

                5.3 Market Position Analysis

6. Company Profiles

                6.1 DuPont

                6.2 Koninklijke DSM N.V.

                6.3 HANDARY S.A. 

                6.4 Amtech Biotech Co. Ltd

                6.5 Zhejiang Silver-Elephant Bio-Engineering Co., Ltd.

                6.6 Lanzhou WeiRi Bio-Engineering Co., Ltd.

                6.7 Zhengzhou New Frey Biotechnology Co., Ltd.

                6.8 Chihon Biotechnology Co., Ltd

                6.9 Vgp Pharmachem


                6.11Pucheng Lifecome Biochemistry Co.,Ltd.

      7. Disclaimer

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