Asia Pacific market is expected to rise at the highest CAGR with rapid growth for mould inhibitors in emerging countries like India and China. Rising understanding of the health effects of mould-producing mycotoxins and increasing consumption of nutritious or packaged food items in this area also drive the market.
Mould inhibitors are one of the fast-growing markets in the food preservation industry, primarily because of their ability to avoid mould contamination on numerous industrial items, thereby helping to increase the shelf-life of products. It also helps to reduce the risk of mycotoxin health problems produced by moulds.
Mould inhibitors also helps to avoid health problems such as lungs problem, skin irritation, and imbalance in the gut flora. Besides, mould inhibitors perform different roles and have several applications in the non-food & food industries. Mould inhibitors are primarily used for feed and food. It is predicted that other sectors such as cosmetics, paint and pharmaceutics are expected to increase their market dominance over the forecast period.
Due to the various benefits offered by the consumption of mould inhibitors, the non-food and food industries are among some of the major drivers for market development. These mould inhibitors are used among other things to mitigate mould contamination and to prevent mould growth in many items from the wood, feed, paint, food industries.
The Growing Food Industry Triggering the Demand for Mould Inhibitors Market in the Global Market
The global mould inhibitor industry has been growing at rapid pace in the food industry. It is driven by the rising popularity of drinks and bakery items worldwide. Several aspects, such as increasing health issues from interactions with moulds as well as increasing growth in food preservatives, have been some of the important factors for growth of the market for mould inhibitors.
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As development of mould is a central factor in food and feed products, consumers are concentrating on products with a longer lifespan, thus reducing the possibility of moulds. Certain factors, such as disease outbreaks and increased disposable income of individuals in the past with regard to moulds, are expected to lead to the increasing demand for mould inhibitors over the forecast.
However, rising prices of some raw materials and issues due to adverse effects on human body from the use of such inhibitors are expected to decline demand development. Shift from artificial mould inhibitors to natural mould inhibitors and market development in developing countries like Asia Pacific is expected to create better growth opportunities of the market
Global Mould Inhibitors Market: Key Players
The market for mould inhibitors is fragmented & dynamic in nature, with few industry dominant players and several small players competing at local and regional level. New product developments and acquisitions were embraced by major market players as their favored strategies. Top companies like
- ADM Co. Ltd.
- BASF SE
- Associate British Foods PLC.
- E.I. Du Pont de Nemours & Company
- Koninklijke DSM N.V.
Global Mould Inhibitors Market: Regional Analysis
In mature regions such as North America and Europe, the growing demand for seafood and the species’ hardiness has resulted in increased demand for aqua feed from aquaculture species. The demand for mould inhibitors in the feed industry is expected to increase with these factors.
Growing opportunities in emerging markets, such as China, India and Brazil, are expected to increase mould inhibitor market size during the forecast period. During the forecast period, Asia-Pacific is anticipated to register highest CAGR followed by Latin America.
The mould inhibitors market report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the mould inhibitors market, including but not limited to: regional markets, type and application.
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The study is a source of reliable data on
- Mould inhibitors market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The mould inhibitors market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases).
The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the mould inhibitors market report projects the attractiveness of each major segment over the forecast period.
Mould Inhibitors: Market Segmentation
Basis of Type :
- Benzoates
- Propionates
- Sorbates
- Natamycin
- Others
Basis of Applications:
- Animal Feed
- Food & Beverage Industry
- Bakery & Confectionary
- Dairy Products
- Beverages
- Others
- Paints
- Pharmaceuticals
- Cosmetics & Personal Care
- Others (including leather, wood, and paper)
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