Global Mold Inhibitors Market - 2022-2029

Global Mold Inhibitors Market - 2022-2029

Market Overview

The global mold inhibitors market are valued at USD XX million in 2021 and are forecasted to reach USD XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029).

Molds are microscopic fungi that grow in the absence of oxygen. Mold inhibitors are food additives that suppress mold formation and extend the shelf life of food goods. Because of their anti-fungal capabilities, they significantly lowered the danger of mycotoxins. Mold inhibitors are added to a variety of products, including perishable foods, beverages, pharmaceuticals, animal feed, and cosmetics, to avoid spoiling. Mold inhibitors are used for reducing contamination and avoiding mold growth on surfaces. Mold inhibitors are also used as food additives that restrict the growth of mold and help in prolonging the shelf life of the food.

Market Dynamics:

Increasing demand for longer shelf-life products in food and pharmaceuticals industry

Increased knowledge of the harmful health effects of mold formation and rising food-related health issues have increased global demand for mold inhibitors. Mold inhibitors have a bright future due to the rising demand for longer shelf life in food and pharmaceuticals. Demand for mold inhibitors would be directly affected by the growth and expansion of various end-user verticals, particularly in emerging markets. The Mold Inhibitors Market will grow as R&D capabilities in natural and synthetic mold inhibitors improve. For example, rising disease outbreaks have motivated technological improvements in the mold inhibitor manufacturing process. Mold inhibitor sales are likely to rise as consumer spending on animal feed products rises. The growing popularity of natural or organic foods has increased the demand for organic components and additives such as natural Mold inhibitors or clean label mold inhibitors.

The food and beverages sector uses vinegar; prune juice concentrates, natamycin, and other clean label mold inhibitors. Mold inhibitors also help prevent health problems such as skin inflammation, respiratory difficulties, and gut flora disruption. Mold inhibitors also serve various functions and have a wide range of applications in both the food and non-food industries. Mold inhibitors are most commonly utilized in the food and dairy industries. Other industries, such as paint, cosmetics, and medicines, are also expected to grow rapidly in the future years. Mold inhibitors are being more widely used in the food and non-food industries due to their numerous benefits. Mold inhibitors are also used to prevent mold development and minimize mold penetration in various industries, including food, feed, paint, and wood.

Market Segmentation:

Natamycin is expected to dominate the global mold inhibitors market

Natamycin has a long history of safe use in cheese, meat, and other food products as a natural mold inhibitor. Natamycin was certified by the World Health Organization in 1967 as a food additive for use on the surface of the cheese to inhibit the formation of undesirable molds and yeasts. By adding Aspergillus genus extract to the fermentation process of food, bakery, and feed products, a natural fungal inhibitor, Natamycin regulates and removes mold and fungal growth, extending shelf life. Warm, humid temperatures are ideal for fungal growth, making bakery items more susceptible to mold and fungal growth. Around 4%–5% of all bakery items made worldwide are spoilt by fungal development. Every year, 1.3 billion tonnes of food are thrown away for the same reason. Natural mold inhibitors must be used in the baking business to avert such harm. Lesaffre completed the acquisition of Delavau in September 2018. Encore Fresh is a mold inhibitor and marinating flavor for food products made by the firm. In addition, Kemin Industries, Inc. caters to the pet food industry with PREVION mold inhibitors.

The market is divided into food, animal feed, pharmaceuticals, cosmetics & personal care, and others based on application. Mold inhibitors are commonly used in food and feed because of the naturally high number of microorganisms that can compromise their safety and quality. There are a variety of substances that can be utilized as mold inhibitors in this situation. Additionally, some mold inhibitors are classified as regulated by processing method or GRAS notice in the United States Food Additive list, indicating that they are safe. For example, a maximum level of 0.1 percent sodium benzoate is allowed in meat products, 2 percent in chicken products, 0.5 percent in milk, 3 percent in fish, 4.5 percent in canned fruits, 6 percent in jam and jelly 8 percent in canned fruit juices. The mold inhibitor nisin, which can be used up to 200 ppm in cheese products such as mold-ripened cheese and processed cheese food, is approved by the US Food Additive list under regulation by processing method. As a result, the mold inhibitors market is expected to expand shortly over the forecast period.

Geographical Penetration:

North-America is dominating region in global mold inhibitors market

North America holds the largest share of the worldwide mold inhibitors market, owing to improving economic conditions and a growing pharmaceutical industry, both of which create ideal conditions for the use of cosmetic preservatives, driving market demand. Environmental worries about the use of these compounds, on the other hand, may represent a threat to growth in the near future. The mold inhibitor market in North America is predicted to rise steadily due to rising demand from end-use industries such as pharmaceuticals, cosmetics, personal care, and food. During the projected period, the rising number of mergers and acquisitions in the manufacturing and service industries would boost demand for mold inhibitors even more

Due to rapid development and increased consumer spending, APAC emerging markets, particularly Thailand and China, are likely to experience strong growth. Manufacturers are focused on research and development to produce biological inhibitors with low toxicity, thereby lowering the adverse effects of chemicals on the human body, as consumer knowledge about cleanliness grows. Mold inhibitor market is expected to grow as players increase their R&D spending. The Asia-Pacific area accounts for more than a third of global paper and paperboard consumption; yet, in terms of product penetration and usage per capita, it trails behind the United States and Europe. Furthermore, the region holds the largest share of the global market due to a variety of factors, including a rapidly growing personal care and cosmetics industry, well-established pharmaceutical sectors, a rapidly expanding construction sector where the product is used in paints to prevent mold growth, and a large population base driving high food demand. During the predicted period, the region is expected to grow the fastest.

Competitive Landscape:

Eastman Chemical Company, BASF, Koninklijke DSM N.V, Bentol, Watson Inc, Kemin Industries, Inc, and HANDARY S.A. are just a few of the prominent competitors in the worldwide mold inhibitors market. Mold inhibitors have evolved into one of ITPSA's key product lines, minimizing the danger of mycotoxicosis in production animals and mold contamination in stored feeds and feed ingredients by successfully managing mold content in feeds. In current, high-density animal feeds, Fungicap and Fungisal in their many forms constitute a formal assurance of mold control and mycotoxicosis avoidance. In February 2019, Glanbia acquired Watson Inc. for US$89 million. This acquisition helped Glanbia in expanding its product portfolio to quality custom nutrient premix, bakery ingredient, edible film and material conditioning solutions for the nutrition, food and beverage, personal care and supplement industries.

COVID-19 Impact:

Positive impact on the global mold inhibitors market

COVID virus spread swiftly throughout human communities around the world. People's shopping patterns changed as a result of this, for example. Though sales of some things, such as medications, food, and personal care items, appear to have increased, demand for most products appears to have remained unchanged. Most product lines eventually returned to typical sales levels. People's buying tastes and shopping habits changed during the early stages of the pandemic as they purchased things that could help prevent them from infection or treat sickness symptoms. For example, consumers were seen buying food products that could help them enhance their immunity. These modifications, however, were only temporary and faded with time. Furthermore, demand for mold inhibitors has expanded tremendously in the pharmaceutical and food processing industries as overall production output has increased significantly. The demand-supply mismatch has been exacerbated as a result of this.

Why Purchase the Report?

Understand the current market scenario and viability of global mold inhibitors market over the forecast period

Visualize the composition of the global mold inhibitors market in terms of source type, and application to identify major players, growth potential, and market strategies

Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period

Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What we offer?

PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study

Excel data sheet with valuable data points of the global mold inhibitors market – Regional and Country level segmentation

Product mapping in excel for the key products of all major market players

Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

The global mold inhibitors market report would provide an access to approximately 60 market data tables, 68 figures and 180 pages

Target Audience:

Food and Beverages Manufacturers

Pharmaceutical Companies

Feed Industry

Import and Export Companies

Industry Investors

Education & Research Institutes

Research Professionals