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.
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.
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.
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.
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.
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.
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
2. Research Approach and Methodology
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
3.2.4 Porter's Five Forces Analysis
126.96.36.199 Bargaining Power of Suppliers
188.8.131.52 Bargaining Power of Buyers
184.108.40.206 Threat of New Entrants
220.127.116.11 Threat of Substitute Products & Services
18.104.22.168 Degree of Competition
4. Market Segmentation
4.1 By Application
4.1.2 Meat and Poultry
4.1.5 Oils and Fats
4.2 By Geography
4.2.1 North America
22.214.171.124 United States
126.96.36.199 Rest of North America
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
220.127.116.11 Rest of Asia-Pacific
4.2.4 Rest of the World
18.104.22.168 South America
22.214.171.124 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
6.2 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
6.10 BEIJING ORIENTAL RADA BIOTECH CO.,LTD
6.11Pucheng Lifecome Biochemistry Co.,Ltd.