ID: MRFR/F-B & N/4097-HCR | 111 Pages | Published By Snehal Singh on April 2023
The natural antimicrobials market is expected to acquire approximately 1062.4 Million during the analysis period of 2020 to 2027 and grow at a 7.30% CAGR
The natural antimicrobials market is expected to acquire approximately 1062.4 Million during the analysis period of 2027. Further, the global market is anticipated to expand at a 7.30% CAGR in the research period of 2020 to 2027. Natural antimicrobials are food preservatives that are sourced naturally. There are many sources like microorganisms, animals, or plants where the natural antimicrobial can be extracted. These natural antimicrobials are helpful to prolong the shelf life of different products.
The natural antimicrobials market has more growth potential due to the increasing health consciousness that consumes organic food and clean-label commodities. Moreover, the demand for chemical-free products is growing because of the rising consumer awareness for natural ingredients and food additives. Further, it has influenced manufacturers to use natural antimicrobials in their different types of food products. This is likely to enhance the Market size in the forecast period. Additionally, the demand for convenience foods is increasing among the consumers, which is projected to record the higher Natural Antimicrobials Market share in the foods and beverages industry during the forecast timeframe. Further, the global market growth is highly contributed by the growing working population that led to the rise on-the-go food products demand.
As per the Natural Antimicrobials Market analysis, the global market includes various intended audiences to propel the market growth. These include food manufacturers, dealers and distributors, raw material suppliers and distributors, natural antimicrobials manufacturers, traders, exporters, importers, and beverage manufacturers. Thus, the natural antimicrobials industry is growing with the support of important market leaders and manufacturers.
COVID-19 Impact Analysis
According to the Market report, the COVID-19 has affected the global economy by directly affecting its financial impact on financial and business markets. This unprecedented COVID-19 has also affected the supply chain creation, production, demand, and market disruption for the Market. During this pandemic, the global market has also lost many investors, affecting the demand for Natural Antimicrobials.
The Market report highlights that the regional economy has also been impacted due to the COVID-19. Thus, the current situation is different, and it is witnessed to expand the market growth because of the continuous efforts of the market giants.
The Market is estimated to record the higher market value due to the changing preferences for clean-label commodities and organic food among the world's demography. In addition, the awareness regarding natural ingredients and food additives is one of the major factors to fuel the Natural Antimicrobials Market demand.
The India Brand Equity Foundation has mentioned that the food processing industry is one of the largest industries in India that is also ranked fifth based on export, expected growth, production, and consumption. It is estimated that the food processing industry of India is acquired 32 percent of the country's total food market. Therefore, it contributes nearly 6% of total industrial investment, 13 percent of India's exports, and nearly 8.80% and 8.39% of Gross Value Added (GVA) in Agriculture and Manufacturing. Hence, the Market share is progressing with the regional industry growth.
As the working population grows worldwide, the on-the-go food products preferences are also growing, bringing more growth opportunities for the Market.
In the natural antimicrobials market, new trends and advancements have been introduced, driving the significant market growth.
The volatility in raw material prices is one of the major market restraints for the Natural Antimicrobials Market. Moreover, the unavailability of raw materials can also hinder market growth in the upcoming years.
Additionally, the unprecedented COVID-19 pandemic might hamper the market value because it has disrupted the value chain in the forecast period.
The Market might face challenges due to the high cost of the material and the unavailability of the raw material.
Further, the coronavirus can be one of the biggest challenges for the natural antimicrobials market as it has slowed down the growth of the present market.
Cumulative growth Analysis
Recently, many consumers are changing their preferences towards natural, preservative-free, or organic food products, which has witnessed the cumulative growth of the market. Therefore, the present market is projected to record a significant market value in the assessment period.
Geographically, the regions like Europe, Asia Pacific, North America, and others are strengthening the market with the contribution of marketing leaders.
As per the Natural Antimicrobials Market analysis, the worldwide market has been segmented into application and source.
The natural antimicrobials market has been segregated into oils & fats, dairy & frozen desserts, bakery & confectionery, meat products, beverages, snacks, and others based on the application segment.
All these applications are highly contributing to the growth of Marketing terms of developing taste and functionality.
The market has been divided into microorganisms, animals, and plants in the source segment.
Further, the Natural Antimicrobials Market size is growing with these sources for the Natural Antimicrobials industry.
According to Natural Antimicrobials Market analysis, the global natural antimicrobials industry has studied four specific key regions. These regions include Asia-Pacific, Europe, North America, and the rest of the world.
The North American region is projected to lead the global market by generating the significant Market size in the review timeframe. This North American region is growing significantly because of the growing demand for natural food additives among natural antimicrobials manufacturers. Along with this, a country like the US is estimated to contribute highly to the North American Market.
In addition, the Asia Pacific region is expected to hold a significant Market share in the research period due to the growing awareness of natural antimicrobials in the region. Also, the Asia Pacific Natural Antimicrobials Market growth is boosting up due to the increasing demand for organic food products among the demography. Furthermore, the European region is also estimated to witness a significant market value during the review timeframe due to the rapid demand for convenience foods.
Competitive Landscape Analysis
The Market analysis highlights that the present market has high competition across the world. Here, the major market players compete with leading market players to show their presence in the global market. These prominent market players are:
These market players are adopting new strategies and ideas like promoting the product, an innovation in the production, major collaborations, mergers & acquisitions, and advanced technologies to boost the Natural Antimicrobials Market size in the forecast period.
The global market report has highlighted that Natural Antimicrobials Market demand is expanding its base across different world regions. This report is a combination of both primary and secondary research methodology. This report covers major parts, like market segments, market dynamics, market overview, regional analysis, competitive analysis, and recent developments. This report has also compared the Post COVID-19 markets and Pre COVID-19 market situation to analyze the performance of the market.
Moreover, the Market demand is fueling because of the collective efforts of the market players to enhance the market growth in the assessment period. Competition is growing in the Natural Antimicrobials industry to generate more value for the worldwide market.
|Market Size||USD 1062.4 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Source, By Application, and By Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Royal DSM NV (Netherlands), Dow DuPont Inc. (US), Univar Inc. (US), Galactic S.A. (Belgium), Kemin Industries Inc.(US), Brenntag AG (Germany), Chr. Hansen A/S (Denmark), Cargill Incorporated (US), Siveele B.V.(Netherlands), BASF SE (Germany)|
|Key Market Opportunities||Awareness regarding natural ingredients and food additives|
|Key Market Drivers||Awareness regarding natural ingredients and food additives|
The natural antimicrobials market is expected to reach USD 1062.4 Million by 2027.
natural antimicrobials market is expected to exhibit a strong 7.30% CAGR over the forecast period from 2020 to 2027.
Increasing consumption of organic and clean-label foods is the major driver for the natural antimicrobials market.
North America is expected to dominate the global natural antimicrobials market.
Leading players in the natural antimicrobials market include Royal DSM NV (Netherlands), Dow DuPont Inc. (US), Univar Inc. (US), Galactic S.A. (Belgium), Kemin Industries Inc.(US), Brenntag AG (Germany), Chr. Hansen A/S (Denmark), Cargill Incorporated (US), Siveele B.V.(Netherlands), BASF SE (Germany) among others.