Mold Inhibitors Market: Information by Type (Natural Mold Inhibitors and Synthetic Mold Inhibitors)- Forecast Till 2026

Dec 24, 2019   Global Statistics Representing Mold Inhibitors Market Scenario Mold inhibitors help in delaying food spoilage by preventing fungal growth. They have a wide variety of applications in baking, confectionery, meat, dairy, and feed industries. Traditionally, synthetic mold inhibitors such as propionates, benzoates, and sorbates are being used in the food and feed industries. However, increasing inclination of consumers towards natural and organic ingredients has upsurged the demand for clean label ...
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Global Statistics Representing Mold Inhibitors Market Scenario

Mold inhibitors help in delaying food spoilage by preventing fungal growth. They have a wide variety of applications in baking, confectionery, meat, dairy, and feed industries. Traditionally, synthetic mold inhibitors such as propionates, benzoates, and sorbates are being used in the food and feed industries. However, increasing inclination of consumers towards natural and organic ingredients has upsurged the demand for clean label mold inhibitors, especially in the bakery industry. Natamycin is one of the highly used products and being used for its natural mold inhibiting properties. Manufacturers have also started launching products using new formulations like vinegar, jasmine extract, cultured whey, and other natural extracts to meet the growing consumer demand.

North America and Europe are witnessing a huge surge in the demand for natural mold inhibitors. This can be attributed to increasing millennial population preferring clean label food products. Moreover, expanding food & beverages and animal feed industries in developing countries are further driving the demand for mold inhibitors.

The global mold inhibitors market was valued at USD 1,646.24 million in 2018 and is expected to grow at a CAGR 4.6% to reach USD 2,345.88 million by 2026.

Segmental Insights

Global mold inhibitors market is segmented into type and region.

Based on type, the global mold inhibitors market is segmented into natural mold inhibitors and synthetic mold inhibitors. Natural fungal inhibitor (Acetic acid and Natamycin) controls and eliminates mold and fungal growth in the fermentation process of food, bakery, and feed products by adding Aspergillus genus extract to maintain and increase the shelf life. Fungal growth is highly favored by warm and muggy conditions, which makes bakery products more prone to developing mold or fungal growth. Globally, around 4%–5% of the bakery products produced are spoiled by fungal growth. For instance, 1.3 billion tons of food are discarded every year for the same reason. To avoid such damage, employing natural mold inhibitors in the bakery industry is paramount. On September 2018, Lesaffre completed the acquisition of Delavau. The company manufactures Encore Fresh for mold inhibition and marinating flavor of food products. Besides, Kemin Industries, Inc. offers PREVION mold inhibitor to the pet food market.

Regional Insights

Regionally, the global mold inhibitors market is segmented into Americas, Europe, Asia Pacific, Middle East, and Africa.

Americas account for significant share of the global mold inhibitors market with well-established food and beverage sector. The industry includes farmers, traders, wholesalers, food manufacturing companies, and retailers. In 2013, the global industry was valued at USD 12.5 trillion, or 17% of the world’s GDP. Canada and the U.S. are the leading contributors to regional growth. As per American Bakers Association, in 2018, baked food, retail bakeries, and commercial bakeries are generated revenue of USD 423 billion, USD 3 billion, and USD 31 billion respectively. The food servicing industry mostly relies on food that can be stored for longer period without compromising their taste and color. In line with this, food companies add microbial inhibitor to the products. According to the North American Meat Institute, in 2017, the meat production generated revenue of around USD 64.4 billion, whereas, the poultry sector generated around USD 59.4 billion, making meat and poultry industry largest industries in the U.S. agricultural sector.

Europe is forecasted to account for optimum share of the global market due to fastest growing food and beverage market. Middle East accounts for least share of the global mold inhibitors market.

Asia Pacific is expected to dominate the global mold inhibitors market with rapidly growing economy and increasing population of health-conscious consumers. Southeast Asia market is estimated to grow at a CAGR of 6.1% during 2018–2023. In Asia Pacific, food regulatory bodies are strictly regulating the food manufacturing processing like addition of nutritional elements and food preservatives without affecting the nutritional benefits of food items. In Malaysia, Halal Industry Development Corporation (HDC) was established to regulate branding and promotion efforts and use of appropriate amount of anti-microbial additives within the food and beverage industry and pharmaceutical industry. Companies have started manufacturing nutritional food with longer shelf life at cheaper prices to attend to the problem of undernourishment in the region. Japan and China, two of the respected countries in the Asia Pacific, are heavily investing in the food and beverage industries. Moreover, growth in the food industry is supported by the local players, change in the food trade, and rapid growth in national and regional specializations.

Key Players

Some of the major players in the global mold inhibitors market are, Eastman Chemical Company, BASF, Koninklijke DSM N.V, DuPont de Nemours, Bentol, Watson Inc, Kemin Industries, Inc, and HANDARY S.A

Mold Inhibitors Market Segmentation

By Type

  • Natural mold inhibitors
  • Synthetic mold inhibitors

Region

  • Americas
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

Frequently Asked Questions (FAQs)

The Global Mold Inhibitors Market was valued at USD 1,646.24 million in 2018 and is expected to grow at a CAGR 4.6% to reach USD 2,345.88 million by 2026.
Americas is expected to hold the highest market share in Mold Inhibitors Market.
In 2018 Global Mold Inhibitors Market was valued at USD 1,646.24 million.
Increasing millennial population preferring clean label food products, expanding food & beverages and animal feed industries in developing countries are key factor expected to drive Mold Inhibitors Market.
Eastman Chemical Company, BASF, Koninklijke DSM N.V, DuPont de Nemours, Bentol, Watson Inc are the top players in Mold Inhibitors Market.
We will send you an email with login credentials to access the report. You will also be able to download the pdf.
Basically choose Pay by Purchase Order when you are checking out. We will connect with you via email to set up your order.
Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available at all times, and included in every purchase.

Global Statistics Representing Mold Inhibitors Market Scenario

Mold inhibitors help in delaying food spoilage by preventing fungal growth. They have a wide variety of applications in baking, confectionery, meat, dairy, and feed industries. Traditionally, synthetic mold inhibitors such as propionates, benzoates, and sorbates are being used in the food and feed industries. However, increasing inclination of consumers towards natural and organic ingredients has upsurged the demand for clean label mold inhibitors, especially in the bakery industry. Natamycin is one of the highly used products and being used for its natural mold inhibiting properties. Manufacturers have also started launching products using new formulations like vinegar, jasmine extract, cultured whey, and other natural extracts to meet the growing consumer demand.

North America and Europe are witnessing a huge surge in the demand for natural mold inhibitors. This can be attributed to increasing millennial population preferring clean label food products. Moreover, expanding food & beverages and animal feed industries in developing countries are further driving the demand for mold inhibitors.

The global mold inhibitors market was valued at USD 1,646.24 million in 2018 and is expected to grow at a CAGR 4.6% to reach USD 2,345.88 million by 2026.

Segmental Insights

Global mold inhibitors market is segmented into type and region.

Based on type, the global mold inhibitors market is segmented into natural mold inhibitors and synthetic mold inhibitors. Natural fungal inhibitor (Acetic acid and Natamycin) controls and eliminates mold and fungal growth in the fermentation process of food, bakery, and feed products by adding Aspergillus genus extract to maintain and increase the shelf life. Fungal growth is highly favored by warm and muggy conditions, which makes bakery products more prone to developing mold or fungal growth. Globally, around 4%–5% of the bakery products produced are spoiled by fungal growth. For instance, 1.3 billion tons of food are discarded every year for the same reason. To avoid such damage, employing natural mold inhibitors in the bakery industry is paramount. On September 2018, Lesaffre completed the acquisition of Delavau. The company manufactures Encore Fresh for mold inhibition and marinating flavor of food products. Besides, Kemin Industries, Inc. offers PREVION mold inhibitor to the pet food market.

Regional Insights

Regionally, the global mold inhibitors market is segmented into Americas, Europe, Asia Pacific, Middle East, and Africa.

Americas account for significant share of the global mold inhibitors market with well-established food and beverage sector. The industry includes farmers, traders, wholesalers, food manufacturing companies, and retailers. In 2013, the global industry was valued at USD 12.5 trillion, or 17% of the world’s GDP. Canada and the U.S. are the leading contributors to regional growth. As per American Bakers Association, in 2018, baked food, retail bakeries, and commercial bakeries are generated revenue of USD 423 billion, USD 3 billion, and USD 31 billion respectively. The food servicing industry mostly relies on food that can be stored for longer period without compromising their taste and color. In line with this, food companies add microbial inhibitor to the products. According to the North American Meat Institute, in 2017, the meat production generated revenue of around USD 64.4 billion, whereas, the poultry sector generated around USD 59.4 billion, making meat and poultry industry largest industries in the U.S. agricultural sector.

Europe is forecasted to account for optimum share of the global market due to fastest growing food and beverage market. Middle East accounts for least share of the global mold inhibitors market.

Asia Pacific is expected to dominate the global mold inhibitors market with rapidly growing economy and increasing population of health-conscious consumers. Southeast Asia market is estimated to grow at a CAGR of 6.1% during 2018–2023. In Asia Pacific, food regulatory bodies are strictly regulating the food manufacturing processing like addition of nutritional elements and food preservatives without affecting the nutritional benefits of food items. In Malaysia, Halal Industry Development Corporation (HDC) was established to regulate branding and promotion efforts and use of appropriate amount of anti-microbial additives within the food and beverage industry and pharmaceutical industry. Companies have started manufacturing nutritional food with longer shelf life at cheaper prices to attend to the problem of undernourishment in the region. Japan and China, two of the respected countries in the Asia Pacific, are heavily investing in the food and beverage industries. Moreover, growth in the food industry is supported by the local players, change in the food trade, and rapid growth in national and regional specializations.

Key Players

Some of the major players in the global mold inhibitors market are, Eastman Chemical Company, BASF, Koninklijke DSM N.V, DuPont de Nemours, Bentol, Watson Inc, Kemin Industries, Inc, and HANDARY S.A

Mold Inhibitors Market Segmentation

By Type

  • Natural mold inhibitors
  • Synthetic mold inhibitors

Region

  • Americas
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

Frequently Asked Questions (FAQs)

The Global Mold Inhibitors Market was valued at USD 1,646.24 million in 2018 and is expected to grow at a CAGR 4.6% to reach USD 2,345.88 million by 2026.
Americas is expected to hold the highest market share in Mold Inhibitors Market.
In 2018 Global Mold Inhibitors Market was valued at USD 1,646.24 million.
Increasing millennial population preferring clean label food products, expanding food & beverages and animal feed industries in developing countries are key factor expected to drive Mold Inhibitors Market.
Eastman Chemical Company, BASF, Koninklijke DSM N.V, DuPont de Nemours, Bentol, Watson Inc are the top players in Mold Inhibitors Market.
We will send you an email with login credentials to access the report. You will also be able to download the pdf.
Basically choose Pay by Purchase Order when you are checking out. We will connect with you via email to set up your order.
Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available at all times, and included in every purchase.