PUBLISHER: Mordor Intelligence | PRODUCT CODE: 625860
PUBLISHER: Mordor Intelligence | PRODUCT CODE: 625860
The global food antimicrobial additives market is growing at a CAGR of 7.3% during the forecast period (2020 - 2025).
The bakery and confectionery sector witnessed an upsurge trend in usage of antimicrobial additives owing to the preservative benefits it offers by resisting the growth of unwanted microorganisms in the processed food as the growth of these microorganisms on untreated particles causes discoloration, unpleasant odors, and polymer degradation issues. Antimicrobial components have different antimicrobial activity against the growth of various spoilage and poisoning microbes including spoilage causing bacteria, yeast, and mold, thus boosting the shelf life of the end product. In addition, some antimicrobial components exhibit an antioxidant effect, for example, cinnamon essential oil, echinacea extract, sourdough and calcium propionate, chamomile essential oil and carvacrol and thymol.
The Asia Pacific is the largest as well as the fastest-growing region in the global food antimicrobial additives market owing to the growing consumer awareness about health-related infections, rapid urbanization and growing population in the region. Countries driving the Asia Pacific region include China, Japan, and India where the sales of food and beverage products are increasing significantly. Also, growing food and beverage industries and the expansion of leading companies in the region has fueled market growth.
The global market for food antimicrobial additives is consolidated, owing to the presence of a few large regional players in the global market. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Few of the leading players in the market include DuPont de Nemours, Inc, PolyOne Corporation and BioCote Limited to name a few.