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natamycin market

Natamycin Market Share, Size, Trends, Industry Analysis Report, By Form (Liquid, Powder); By Application; By Type; By Region; Segment Forecast, 2023 - 2032

  • Published Date: Jan 2023
  • Pages: 117
  • Format: PDF
  • Report ID: PM3000
  • Base Year: 2022
  • Historical Data: 2019-2021

Report Summary

The global natamycin market was valued at USD 67.29 million in 2022 and is expected to grow at a CAGR of 3.4% during the forecast period.

Preservatives are used in most food products to increase shelf life. A natural, durable, and taste-preserving preservative is natamycin. Manufacturers prefer natural preservatives as consumers become more involved. They'll spend more on natural items. The antibiotic natamycin is also known as natamycin. It is a preservative that has received global approval for use and is used to prevent yeasts and molds from growing on a wide range of foods & beverages. Natamycin is preferred over other preservatives because it is an efficient and natural method of food preservation.

Natamycin Market Size
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Additionally, it can prevent food from spoiling and extend the amount of time it can be stored. The use of natamycin has some important advantages, the main one of which is that it is very effective. Since its addition is thought to be the most efficient and natural method for preserving products, natamycin is added to items in the food industry as an antifungal ingredient. The growing demand for processed, dairy, and meat products worldwide is expected to increase natamycin demand.

Global supply chains, manufacturing, delivery schedules, and product sales have all been hampered by the closure of numerous businesses and factories. Few businesses have warned about impending delivery delays and sales declines. The paper provides more precise estimates as it assesses the present and potential effects of the COVID-19 pandemic on the larger market. Additionally, travel restrictions in Europe, Asia, and North America have an impact on business partnerships and relationships.

Industry Dynamics

Growth Drivers
Through a novel method that targets ergosterol in the cell wall, natamycin safeguards food. Ergosterol, a component of yeasts and molds, is essential for the survival of these microorganisms because it transports nutrients inside cells. Bacterial outer membranes are unaffected since ergosterol is not found there. In agriculture, environmental fungicides are used to minimize crop spoiling by fungi, and natamycin, a polyene macrolide, is employed as a food preservative. Recently, the USA and various other nations approved the use of natamycin in yogurt. The use of antimicrobials as fungicides in the environment and food additives carries a significant risk of resistance development.

Clinical and environmental isolates have shown cross resistance between medical and agricultural azoles as well as between azoles & amphotericin B, which is not utilized in agriculture. By using subinhibitory polyene concentrations and a lot of transfers, polyene resistance can be induced in vitro. AMB resistance is widespread in both environmental and clinical isolates, and there is compelling evidence connecting agricultural antibiotic use with multi-drug resistance, in human infections. Therefore, the rising novel technology using natamycin in the agriculture sector is a major factor driving the market growth over the forecast period.

Report Segmentation

The market is primarily segmented based on form, application, type, and region.

By Form

By Application

By Type

By Region

  • Liquid
  • Powder
  • Food and Beverages
    • Beverages
      • Alcoholic
      • Non-alcoholic
    • Animal feed
    • Bakery
    • Confectionary
    • Poultry & Seafood
    • Dairy Products
    • Ready Meals
    • Soup and Noodles
    • Snacks and Others
    • Meat Products
  • Agriculture
  • Pharmaceuticals
  • Health and personal care
  • Lactose
  • Glucose
  • Others
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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The Food & Beverages segment is expected to witness the fastest growth

The product natamycin is used in the baked goods, meat, fruit juices, & vegetables, which accounts for a significant revenue share in the application food sector. Product preservation is successful with natamycin. The packaged food industry is expanding quickly and is expected to continue doing so due to the convenience, portability, and faster-paced lifestyles of consumers. Additionally, growing health concerns have compelled the packaged food industry to switch to natural preservatives, which is again a growth driver for this market. The Asia Pacific region is a market hotspot because of the region's expanding population, which has increased demand for processed foods and natural preservatives.

Also, the sector is principally being supported by the rising demand for bakery and confectionery products as a result of changing dietary preferences combined with expanding urbanization and an increase in the participation of women in the industry. One benefit of using dextrose in baked goods is that sugar is easily fermentable, helps bread and buns brown, and prevents the crystallization in syrups, candies, and fondant. Due to this, it is now a suitable ingredient for bread goods.

The Glucose segment industry accounted for the highest market share in 2022

Liquid glucose, often known as glucose syrup, is frequently offered in a colorless form and is widely used in foods and drinks. The most common uses are for confectionary, chocolate, alcoholic beverages, fondant, and bread goods. Its growth and usage across the food and beverage industry are being supported by associated advantageous features in applications like taste enhancement, bulking, moisture retention, preventing crystallization, and decreasing freezing point, among others.

Non-GMO, low-sugar, organic, and vegan syrups are just a few of the current trends in the market for glucose syrup. These are becoming more and more popular on the global market as people become more aware of these cutting-edge products and the health advantages they provide because they are devoid of chemical pesticides, chemical fertilizers, and chemical preservatives. Along with these, factors that support the market's expansion include health advantages related to eating organic food, such as the reduced risk of food poisoning, reduced risk of antibiotic resistance, antioxidant content, reduced exposure to pesticides, a stronger immune system, and organic foods not being genetically modified.

The demand in North America  is expected to witness significant growth

Regarding revenue share over the forecast period, the North American region is anticipated to rule the world market for natamycin owing to the rising government approvals for natamycin for the safety of products and organic farming. For instance, the USDA's proposal to add natamycin to the National List of Natural Substances Prohibited in Organic Farming was published in October 2019. Natamycin usage in organic agricultural production would be prohibited; however, the USDA's proposed addition to the National List of Allowed and Prohibited Substances does not adhere to the legal conditions outlined in 7 U.S.C. 6517 for such a prohibition.

Natamycin is acknowledged as a non-synthetic chemical in the NOSB Proposal. It must be proven that the use of a non-synthetic substance will be harmful to human health and the environment or is incompatible with organic farming for it to be prohibited. The US EPA is looking for feedback on using natamycin as a fungistat on pineapples post-harvest, even indoors. Natamycin (marketed under the name Zivion P) was filed for registration for this usage by DSM in January 2014. Due to rising food industry demand, the Asia Pacific is expected to experience significant growth over the next five years.

Also, As little more than a result of strong sales of end-use products like dairy and meat food products to its sizable population, Asia Pacific is both the largest and the fastest growing market for natamycin. The Asia Pacific region is expected to grow significantly over the next five years as a result of the expanding demand from the food industries China and India, two of the world's most populous nations, are found in Asia. Both of these nations are expanding quickly, with rising disposable income and general population purchase power parity. It is anticipated that this will increase consumer demand for products using natamycin. Europe is expected to hold a sizable share of the global natamycin market, and it is anticipated that Europe will maintain its dominance throughout the forecast period.

Competitive Insight

Some of the major players operating in the global market include AMTECH BIOTECH Inc., Beijing Oriental Rada Corporation, Chiron Limited, Danisco Inc., DSM Corporation, Handary Group, Jiaozuo Join care Limited, Lanzhou Weiri Corp, Langfang Meihua Ltd, Pucheng Life come Ltd, Silver-Elephant Inc., and Zhengzhou New Frey

Recent Developments

In March 2020, The finest antifungal dietary product combination, gamma-cyclodextrin, and natamycin has been introduced by Danisco. This is probably referring to the use of baking products intended to reduce costs and enable process-friendly solutions.

Natamycin Market Report Scope

Report Attributes

Details

Market size value in 2023

USD 69.54 million

Revenue forecast in 2032

USD 94.28 million

CAGR

3.4% from 2023 - 2032

Base year

2022

Historical data

2019 – 2021

Forecast period

2023 - 2032

Quantitative units

Revenue in USD million and CAGR from 2022 to 2030

Segments Covered

 By Form, By Application, By Type, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key Companies

AMTECH BIOTECH Inc., Beijing Oriental Rada Corporation, Chiron Limited, Danisco Inc., DSM Corporation, Handary Group, Jiaozuo Join care Limited, Lanzhou Weiri Corp, Langfang Meihua Ltd, Pucheng Life come Ltd, Silver-Elephant Inc., and Zhengzhou New Frey

Key Take-Away
Polaris Market Research
Global Natamycin Market Size, Share Analysis Report, 2023-2032