Mold Inhibitors Market : Size, Share, competitive landscape, current industry trends by 2015 – 2021
Mold is a ubiquitous type of fungus which commonly grows on the food products and when present in large quantity can be hazardous for human health. Molds are generally grown over the food with high water content and temperature produce aflatoxin. Mold inhibitors are the substance that inhibits or restrict the growth of molds.
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Rising demand from the consumers for the extended shelf life of food drives the mold inhibitors market. Moreover, increasing concern for health effects caused due to molds stimulates the growth of the market. In addition, animal feed market is growing rapidly owing to escalating demand for meat which is turns prompts the market demand. Growing demand for beverages and baked foods further adds to the mold inhibitors market growth. However, impact of some of the inhibitors on the human health is likely to hamper the growth of this market. Nevertheless, rising awareness along with high demand from the emerging economies is expected to offer ample opportunities for mold inhibitors market.
In order to provide comprehensive view on the mold inhibitors market we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the mold inhibitors market has also been included. The study encompasses a market attractiveness analysis, wherein product segments are benchmarked based on their market size, growth rate and general attractiveness. The report also analyzes several driving and restraining factors and their impact on the market during the forecast period.
On the basis of type the mold inhibitors market can be segmented as benzoates, natamycin, propionates, sorbates and others. Natamycin is the most prominent segment and has usage in food industry, animal feed and pharma industry. Mold inhibitors have various applications in animal feed, food, pharmaceuticals, cosmetics & personal care and other. Animal feed is the one of the leading segment due to high global demand for animal feedstock.
North America dominated the mold inhibitors market owing to high usage of mold inhibitors in animal feed, food industry, pharmaceutical, cosmetics and others. U.S. is the leading consumer for mold inhibitors. Asia Pacific is the fastest growing market due to rapidly growing food industry along with rising disposable income, particularly in China and India. Latin America, Middle East and Africa are expected to experience sustainable growth in the forecast period owing to rising awareness for mold inhibitors.
Some of the key players in the mold inhibitors market are Pacific Coast Chemicals, Associated British Foods Plc, E. I. du Pont de Nemours and Company, Handary SA, Niacet Corporation, Eastman Chemical Company, Kemin Industries Inc., Archer Daniels Midland Company, BASF SE, Koninklijke DSM N.V., Associated British Foods Plc and Hawkins Watts Limited among others.
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The report segments of the mold inhibitors market into:
Mold Inhibitors Market: Type Segment Analysis
Mold Inhibitors Market: Application Segment Analysis
- Animal feed
- Food industry
- Cosmetics & personal care
Mold Inhibitors Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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