ID: MRFR/F-B & N/4097-HCR | December 2022 | Region: Global | 111 pages
Impact of Covid-19 Outbreak on Natural Antimicrobials Market
The COVID-19 outbreak has completely turned the lives of people across the globe with the number of cases rising rapidly every day. Currently the worldwide coronavirus cases cross 4 million with death toll over 2,77,000. The COVID-19 impact across industries is different. One of the highly affected industry is the food industry which fulfills the essential need of the consumers and there is a constant rising demand for the same. Amid the constant fear and panic of COVID-19 pandemic, consumers are highly concerned of keeping a check on their health. Thus, the demand for health promoting ingredients has been increasing in multiples.
Natural antimicrobials are naturally sourced food preservatives that prolongs the shelf life of the product by inhibiting, retarding, arresting, or masking the evidence of any deterioration caused by the microorganisms. The natural antimicrobial can be extracted from different sources such as animal, plant or microorganisms. However, it is projected that the plant sourced natural antimicrobials would gain the highest surge in demand amid the COVID-19 pandemic and for next coming years. In the current scenario, it has become important to boost the immunity to fight coronavirus along with maintaining hygiene and following all medical advisories that have been laid down. Even the guidelines provided by WHO (World Health Organization) in their COVID-19 analysis, they suggest the world population to consume immunity boosting foods. Thus, the demand for natural antimicrobials carrying properties of boosting human immunity is at the surge in the food industry across all areas such as bakery & confectionery, dairy & frozen desserts, meat products, sweet & savory snacks, and beverages, among others. The growth of bakery products market from 2015 till 2020 have been provided below:
Global Bakery Products Market Size, 2015-2020
The outbreak of COVID-19 has created a panic situation among the consumers with temporary closures of retail stores in an attempt to slow the spread of virus. This has led to an increased sale of convenience food which has highly increased the demand of bakery & confectionery products followed by sweet & savory snacks. Thus, these application areas will witness the highest growth in consumption of natural antimicrobials in the coming years. Plant sources such as ginger, garlic, onion, turmeric, and pepper contain natural antimicrobial properties and are power packed with vitamins, minerals and antioxidants for which they are expected to witness the highest surge in demand among the application industries.
However, the worldwide lockdown has also affected the farming practices which has highly impacted the supply of raw materials of natural microbials. This has led to increased prices of raw materials to the manufacturers of natural antimicrobials. Moreover, COVID-19 impact to logistics also contribute to the increased prices of raw materials of natural antimicrobials. With barriers to cross-border transportation of commodities in this pandemic situation, the manufacturers are highly dependent on local raw material suppliers which increases the bargaining power of the suppliers. Thus, the increased raw material prices would lead to an increased price of natural antioxidants for next few years.
Source: MRFR Analysis