In 2022, the worldwide Natamycin Market is expected to be worth USD 68.5 million. The market is predicted to grow to USD 94.77 million by the end of 2032. During the forecast period, the market is expected to grow at a CAGR of 3.3%.
Natamycin is regarded as a critical drug in the treatment of fungal keratitis. It belongs to a class of antifungal medications that efficiently cure eye infections. The substance is also used to prevent mold growth in cheese, which defines its applicability in the food industry.
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Furthermore, it helps to improve shelf life and reduce food waste. Natamycin is controlled by the government in various countries and is widely permitted to be used in baked goods.
Natamycin is preferred over other preservatives due to its effective and natural food preservation approach, as well as its capacity to prevent decomposition and lengthen food product shelf life. One of the primary benefits of utilizing this preservative is that it is extremely efficient, as we only need a very tiny amount of it to kill a wide range of molds and yeasts that have a high potential for ruining the food.
Competitive Landscape:
Furthermore, in terms of research and innovation, the industry is continually rising. The participants are identifying significant market trends and future patterns connected to Natamycin application. Mergers and joint ventures are frequently used to expand a company’s geographical reach.
Royal CSK was acquired by Royal DSM in December 2019, a nutrition and health sector firm driven to excel in sustainable living. With this purchase, DSM has increased its capacity to meet the needs of the dairy industry.
Danisco has released a new gamma-cyclodextrin and natamycin combination that is the greatest antifungal dietary supplement. This is most likely to apply to baking goods in order to save money and enable process-friendly solutions.
Key Players:
- DSM Food Specialities
- Qingdao FTZ United International Inc.
- D & F Control Systems Inc.
- VGP
- Toku-E Company
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Demand Drivers:
Natamycin is predicted to increase significantly due to its use in a variety of industries, including medicines for treating fungal infections, health and personal care for preserving cosmetics, animal feed, poultry, and agriculture for crop preservation.
Natamycin has been confirmed safe by several independent food safety bodies, including the European Food Safety Authority, which has improved its traction in the preservation business. Collectively, these factors will play an important role in driving demand for this product in the near future. A range of bacteria that consume food as a carbon and energy source influence chemical processes that induce adverse sensory alterations in foods.
Regional Analysis:
North America:
North America, including the United States and Canada, is a significant market for natamycin. The strict regulations and standards for food safety and preservation in these countries have driven the demand for effective and safe preservatives like natamycin. It is commonly used in dairy products such as cheese and yogurt, as well as in baked goods and other processed foods.
Europe:
Europe is another prominent market for natamycin. The European Union has approved the use of natamycin as a food additive, making it an essential ingredient in various food products across the region. European countries have a strong focus on food quality and safety, contributing to the demand for effective antimicrobial agents like natamycin.
Asia-Pacific:
The Asia-Pacific region, including countries like China, India, Japan, and South Korea, has been witnessing growth in the food and beverage industry. As the demand for processed and packaged foods increases, so does the need for preservatives. Natamycin has found applications in this region, particularly in dairy products and baked goods. Rapid urbanization and changing consumer lifestyles have contributed to the expansion of the market in this region.
Key Segments of Industry:
- On the basis of the Form :
- Liquid
- Powder
- On the basis of the Application :
- 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
- Beverages
- Agriculture
- Pharmaceuticals
- Health and personal care
- Food and Beverages
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