The global anti-microbial preservatives market size is set to gain traction due to the increasing demand from the food & beverages sector. Fortune Business InsightsTM has presented this information in its report titled “Anti-Microbial Preservatives market, 2022-2029”. Anti-Microbial Preservatives are chemical substances used to keep pharmaceuticals, foods, and other perishable organic materials fresh by preventing the growth of microbes and bacteria on substrates. The most commonly used preservatives are parabens. They are reasonably effective against a wide range of microorganisms, bacteria, and molds.
COVID-19 Impact –
COVID-19 Poses a Threat to Price Fluctuations in Raw Materials
COVID-19 had an impact on producers as there was a price fluctuation in raw materials used to produce antimicrobial additives, which resulted in an increase in the cost of the end product. Food and beverage products can be contaminated by a wide range of pathogens and spoilage microbiota, the former causing foodborne diseases and the latter significant economic losses for the food industry due to undesirable effects on food properties.
Antimicrobial food additives are important in preventing and inhibiting microbial growth in food products. However, in the meat industry, all large and small-scale producers are strictly prohibiting the use of nitrites due to their carcinogenic effect, and this is increasing the use of natural antimicrobial additives, such as nisin and natamycin, to inhibit mold growth.
On the basis of type, the market is bifurcated into synthetic and natural. On the basis of application, the market is segmented into bakery & confectionery dairy products snacks & savory meat & meat products beverages, and others. Geographically, the market is classified into Asia Pacific, North America, Europe, Latin America, Middle East & Africa.
Report Coverage –
The report covers a detailed analysis of the anti-microbial preservative market. The report covers details on the growth opportunities, challenges, driving, and restraining factors. The report additionally, covers information on the cumulative COVID-19 impact and key market players adopting several growth strategies to sustain and expand their businesses.
Drivers & Restraints –
Rising Demand for Anti-Microbial Preservatives in the Food Industry to Augment Market Growth
The market is expected to benefit from rising demand for anti-microbial preservatives in the food and beverage industries. Anti-microbial preservatives are in high demand due to their antiseptic, expectorant, and digestion-improving properties, as well as their ability to extend the shelf-life of convenience foods.
However, stringent regulations, such as the Biocidal Products Regulation (BPR) EU 528/2012 and the Federal Insecticide, Fungicide, and Rodenticide Act, have forced antimicrobial additives suppliers to introduce and establish new compositions to meet the safe handling and anti-bacterial properties standards (FIFRA). As a result, such stringent regulations are expected to hinder the anti-microbial preservatives market growth.
Regional Insights –
North America to Emerge as the Dominant Region of the Global Market
North America is expected to hold a significant anti-microbial preservatives market share due to the high demand for clean and labeled anti-microbial preservatives. The Asia Pacific market is expected to be driven by increasing demand for convenience foods from densely populated countries such as India and China. The improving economic situation in Europe will boost the market growth. Latin America and the Middle East & Africa are expected to grow slowly by the end of the forecast period.
Competitive Landscape –
Key Players Adopt New Strategies to Fuel Growth & Expansion Plans
Established players in the worldwide anti-microbial preservatives industry are adopting various strategies to accelerate their growth and expansion goals. These include strategic collaborations, mergers, and acquisitions. Many companies are investing in R&D to bring novel solutions to the market. The entry of emerging players in the market is anticipated to intensify the competition significantly over the next few years, transforming the market outlook.