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Food Antimicrobial Additives Market to Surpass US$ 597.3 Mn by 2030

Food Antimicrobial Additives Market to Surpass US$ 597.3 Mn by 2030 - Coherent Market Insights

Publish In: Feb 15, 2023

There are a variety of natural antimicrobials that can be extracted from different sources, including plants (fruits, vegetables, herbs, and spices), animals, and microorganisms. Many of these antimicrobials can be formulated to provide an effective bactericidal and fungicidal effect. Some of the most commonly used food antimicrobials include propionate, sodium benzoate, nitrite, and sorbate.

Market Statistics:

The global Food Antimicrobial Additives Market is estimated to account for US$ 383 Mn in terms of value by the end of 2023.

Global Food Antimicrobial Additives Market: Drivers

The food antimicrobial additives market is driven by changing lifestyles, increasing health awareness, and a growing concern about synthetic chemical additives in food products. These additives are used to prevent the growth of pathogenic bacteria and fungi in foods which can lead to various health issues, including gastrointestinal problems such as diarrhea and vomiting. These additives are also used to preserve food products by extending their shelf life and reducing spoilage, which ultimately helps in reducing the risk of foodborne illnesses and preserving nutritional value of food ingredients.

Global Food Antimicrobial Additives Market: Opportunities

Increasing consumption of processed and packaged food is expected to present lucrative growth opportunities. These additives are found in processed and packaged foods, such as jams & jellies, fruit juices, soft drinks, salad dressings, and other prepared food items. They are added during the processing stage to prevent bacterial and mold growth that can reduce the shelf life of the product. They are also added to food packaging materials and plastics to improve their antimicrobial properties, increase shelf life, and prevent bacterial contamination. They are also used in medical equipment to prevent infections and reduce the likelihood of cross-contamination.

Global Food Antimicrobial Additives Market: Restraints

The food antimicrobial additives market is subject to a variety of risks and challenges. These include the escalating demand for organic foods and an increasing emphasis on healthier options, the presence of harmful microbes in the environment and the rise of foodborne illnesses among consumers. Additionally, the emergence of the COVID-19 pandemic has negatively affected the market.

Global Food Antimicrobial Additives Market- Impact of Coronavirus (Covid-19) Pandemic

During Covid-19 pandemic the industry has faced huge shutdown. Lockdown has negatively impacted industrial transform processes. Major disruption in supply chain and trading patterns in the global food antimicrobial additives industry is severely impacted the market growth.

To know the latest trends and insights prevalent in this market, click the link below:

Key Takeaways:

The global food antimicrobial additives market was valued at US$ 357.5 Mn in 2022 and is forecast to reach a value of US$ 597.3 Mn by 2030 at a CAGR of 6.63% between 2023 and 2030.

Nisin segment held dominant position in the global food antimicrobial additives market in 2020, accounting for 34% share in terms of value, increasing approval and launch of new products is expected to propel growth of the segment during the forecast period.

Global Food Antimicrobial Additives Market Trends:

Advent of novel product due to continuous innovation in the field of antimicrobial additives is a growing trend.  For instance, in November 2021, COEXPAN, through INNOTECH, is launching a range of food packaging solutions, amongst which are its COEXSHIELD antibacterial monomaterial trays for fresh food applications. This packaging solution avoid food waste while increasing shelf-life & sustainability.

Increasing spending by key players on developing new product is another key trend for the market. For instance, in February 2019, BioCote has invested over £600,000 in larger headquarters and a new laboratory, and has increased staff numbers. The move will enable the company to meet rising demand for its antimicrobial solutions, which are integrated into products to make them easier to keep hygienically clean and less likely to cause cross-contamination.

Global Food Antimicrobial Additives Market: Competitive Landscape   

Koninklijke DSM NV, The Archer Daniels Midland Company, BASF SE, DuPont de Nemours Inc., Corbion NV, Galactic, Jungbunzlauer Suisse AG, Celanese Corporation, Siveele BV, Shandong Freda Biotechnology Co. Ltd, Zhengzhou Bainafo Bioengineering Co. Ltd, Albemarle Corporation, Kerry Group, Third Wave Bioactives, and Mezzoni Foods

Global Food Antimicrobial Additives Market: Recent Developments

In January 2019, Corbion invested in the in-house production of vinegar to manufacture clean-label vinegar powder for extensive use in the food industry to extend shelf life by pathogen control and promote the use of natural antimicrobial additives.

In July 2019, Corbion  received  organic  certification  for  its Nebraska-based  production  facility,  where  the company manufacturers vinegar- and lactic acid- based ingredients, meeting the rising demand for organic ingredients in the food industry.

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