Mold inhibitors are natural or synthetic compounds which are primarily added to food products in order to restrict fungal growth such as molds. They are used to preserve flavor, taste, and other food qualities. Also, mold inhibitors help in reducing the spoilage caused by fungi which increases the product shelf-life. Mold inhibitors naturally absorb the moisture or water content from the food matrix and restrict the fungal growth.
Market Forecast:
The global mold
inhibitors market is growing due to increasing population coupled with
increasing demand for food. In addition to the shifting eating pattern, the
growing demand for foods, beverages, confectionery, and other food products is
expected to drive the growth of mold inhibitors market. Also, value-added
benefits associated with the use of mold inhibitors is also supporting the sale
of natural mold inhibitors globally.
Furthermore, increasing awareness regarding health benefits
such as prevention from diseases such as food-borne illness is likely to boost
the growth of global mold inhibitors market. Moreover, increasing demand for
food preservatives to overcome food spoilage is projected to drive the growth
of the global mold inhibitors market. The market players are responding to
these new opportunities by expanding their product lines, which has boosted the
share of the mold inhibitors in the global market. The global mold inhibitors
market is expected to grow at a CAGR of 3.3% during the forecast period,
2017-2023.
Downstream analysis:
The global mold inhibitors market is segmented into type,
source, and application.
On the basis of the type, it is segmented into natural, and
synthetic. Among the both, synthetic type holds the major market share owing to
its wide range of product applicability and low cost.
On the basis of the source, it is segmented into plant, animal,
micro-organism, and others. The animal segment is dominating the market.
On the basis of the application, the mold inhibitors market is
segmented into foods & beverages, animal feed, pharmaceuticals, cosmetics
& personal care, and others. Among all, foods & beverages segment is
dominating.
Competitive analysis:
The major players in the mold inhibitors market
- I.
du Pont de Nemours and Company (U.S.)
- Associated
British Foods Plc (U.K)
- Kemin
Industries, Inc. (U.S.)
- Niacet
Corporation (U.S.)
- Archer-Daniels-Midland
Company (U.S.)
- BASF
SE (Germany)
- Eastman
Chemical Company (U.S.)
- Handary
SA (Belgium)
- Koninklijke
DSM N.V. (the Netherlands)
- Hawkins
Watts Limited (New Zealand)
Complete Report Details @ https://www.marketresearchfuture.com/reports/mold-inhibitors-market-5339
Regional Analysis:
The global mold inhibitors market is segmented into North
America, Europe, Asia Pacific, and rest of the world (RoW). The North American
region is dominating the mold inhibitors market followed by Asia Pacific owing
to rising population followed by increasing consumption of food & beverages
products in both the regions.
Moreover, high demand for mold inhibitors to restrict food
spoilage, and also, providing lengthier shelf-life is majorly driving the
market growth of Asia Pacific region and is further anticipated to uplift the
growth of mold inhibitors market during the forecast period.
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