Market Analysis
The global natural antimicrobials market is likely to touch USD 1062.4 million at a 7.30% CAGR between 2020- 2027, as per the recent report by Market Research Future (MRFR). Natural antimicrobials, simply put, are natural or chemical compounds that are added to food products for limiting microbial growth. They are used for preserving taste, enhancing flavor, as well as, other food qualities. Besides, it has other functions like help to reduce spoilage caused by yeast, bacteria, and fungi that boost product shelf-life along with maintaining quality attributes like nutritional value, texture, and color.
Various factors are adding to the Natural Antimicrobials Market growth. According to the new MRFR report, such factors include demand for plant extracts and essential oils, burgeoning demand for vegan food and clean-label food products that is creating enough opportunities for manufacturers to increase their plant-based natural antimicrobials production capacity, rising consumption of organic foods, and demand for foods by consumers with product traceability. Additional factors adding market growth include increasing popularity of gluten-free organic foods and growing demand for convenience food.
On the contrary, stringent regulations may impede the natural antimicrobials market growth over the forecast period.
COVID-19 Analysis/COVID-19 Impact on Natural Antimicrobials Market
One industry that has been highly affected is the food industry that caters to the consumer's essential needs. Amid the constant panic and fear of the novel coronavirus, people have become more concerned about their health. This has led to the mushrooming demand for health-promoting ingredients. The guidelines offered by WHO in their coronavirus analysis has suggested people to take immunity-boosting foods. This has increased the demand for natural antimicrobials that have immunity-boosting properties that is being widely used across different food industries including beverages, sweet and savory snacks, meat products, dairy and frozen desserts, bakery and confectionery, and others.
Market Segmentation
The MRFR report offers an inclusive segmental analysis of the global natural antimicrobials market report based on application and source.
By source, the natural antimicrobials market is segmented into microorganisms, animals, and plants. Of these, plants source will lead the market over the forecast period. It is likely to grow at a 7.79% CAGR. Growing consumer demand for green label products in the form of preservatives in packed frozen food products are adding to the growth of the segment.
By application, the natural antimicrobials market is segmented into oils and fats, meat products, snacks, beverages, dairy and frozen desserts, bakery and confectionery, and others. Of these, dairy frozen desserts will dominate the market over the forecast period followed by beverages segment.
Region Analysis
Based on the region, the global natural antimicrobials market report covers the growth opportunities and recent trends across North America, Europe, the Asia Pacific (APAC), and the Rest of the World. Of these, North America will lead the market over the forecast period. It is likely to grow at an 8.15% CAGR. Increasing consumption in the region, demand for food preservatives that are chemical-free, rising health awareness, and increasing investment and focus to develop new products are factors that are adding to the market growth in the region.
The global natural antimicrobials market in the APAC region is predicted to grow at a fast pace over the forecast period. Rising consumption in packed food products in developing countries like India China is adding to the market growth in the region.
The global natural antimicrobials market in Europe is predicted to have healthy growth over the forecast period while that in the RoW is predicted to have sound growth over the forecast period.
Key Players
Key Natural Antimicrobials Market Players profiled in the global natural antimicrobials market report include Celanese Corp. (U.S.), BASF SE (Germany), Handary SA (Belgium), Cargill, Incorporated (U.S.), Siveele B.V. (the Netherlands), Brenntag AG (Germany), Hansen A/S (Denmark), Galactic S.A. (Belgium), Kemin Industries, Inc. (U.S.), Univar Inc. (U.S.), Royal DSM NV (the Netherlands), and I. du Pont de Nemours and Company (U.S.).
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