MARKET INTRODUCTION
Molds are microscopic fungi that thrive on unattended food. Mold inhibitors are food additives that restrict the growth of mold and prolong the shelf life of food items. They considerably reduced the risk of mycotoxins owing to their anti-fungal properties. Mold inhibitors are added to a number of products such as perishable food-stuffs, beverages, medicines, animal feed, and cosmetic products to prevent their spoilage.
MARKET DYNAMICS
Mold inhibitors are widely used in the food processing industry to prevent food spoilage from mold action. The rising consumption of convenience foods, packaged foods and beverages has created considerable opportunities for mold inhibitors and food additives industries. Besides their uses in human food, mold inhibitors are also used in animal feeds, fish meals, and aquafeeds. The growing consumer spending on animal feed products is likely to have a positive impact on the sales of mold inhibitors. The increasing demand for natural or organic foods has led to considerable demand for organic ingredients and additives such as natural mold inhibitors or clean label mold inhibitors. Some of the commonly employed clean label mold inhibitors by the food and beverage industry include vinegar, prune juice concentrates, natamycin, etc. They display strong anti-fungal action against molds and various fungi.
MARKET SCOPE
The "Global Mold Inhibitors Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the mold inhibitors market with detailed market segmentation by type, application, and geography. The global mold inhibitors market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading mold inhibitors market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global mold inhibitors market is segmented on the basis of type and application. On the basis of type, the mold inhibitors market is segmented into, propionates, benzoates, sorbates, natamycin, and others. On the basis of application, the market is bifurcated into, animal feed, food, paints, pharmaceuticals, cosmetics & personal care, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global mold inhibitors market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The mold inhibitors market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the mold inhibitors market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the mold inhibitors market in these regions.
MARKET PLAYERS
The reports cover key developments in the mold inhibitors market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from mold inhibitors market are anticipated to lucrative growth opportunities in the future with the rising demand for mold inhibitors in the global market. Below mentioned is the list of few companies engaged in the mold inhibitors market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the mold inhibitors market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BASF SE
- Koninklijke DSM N.V.
- Archer Daniels Midland Company
- Associated British Foods PLC
- E. I. Du Pont De Nemours and Company
- Handary SA
- Hawkins Watts Limited
- Kemin Industries Inc.
- Niacet Corporation
- Eastman Chemical Company
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.