Market Overview
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
He global mold inhibitors market is growing due to rising consumer awareness and their increasing interest in healthy eating pattern, thus, increasing the demand for food preservatives. In addition to increasing demand for convenience food, foods & beverages, bakery & confectionery, meat & meat products, and other food products are expected to drive the growth of the mold inhibitors market.
Additionally, value-added benefits such as prevention of food spoilage and lengthier shelf-life associated with the use of mold inhibitors are also supporting the sale of mold inhibitors globally.
Competitive Landscape
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)
Market Segmentation
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, the synthetic type holds the major market share owing to its wide range product applicability and low cost. However, the increased awareness on the side-effects of synthetic mold inhibitors, a high demand for natural mold inhibitors is observed over the forecast period.
On the basis of the source, it is segmented into plant, animal, micro-organism, and others. The animal segment is dominating the market. Economical price and ease of handling have uplifted the demand for plant-derived mold inhibitors.
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, the foods & beverages segment is dominating owing to the high use of mold inhibitors in bakery and confectionery products for extending the shelf-life.
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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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