ID: MRFR/F-B & N/4097-HCR | February 2021 | Region: Global | 111 pages
Natural Antimicrobials Market size is projected to reach approximately 1062.4 Million by 2027 and is expected to register a 7.30% CAGR during the forecast period, 2019–2027. 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.
Increasing consumption of organic and clean-label commodities among the health-conscious population is creating a potential market for natural antimicrobials industry. The increasing consumer awareness for natural food additives and ingredients is leading to an increased demand for chemical-free products. This has influenced the food processors for the use of natural antimicrobials in their food products. Moreover, the market share in the foods and beverages industry is escalated by the rising demand for convenience foods among consumers. Increasing working population has resulted in an increased demand for on-the-go food products which is projected to contribute significantly to the growth of the market.
The natural antimicrobials market has been segmented based on source, application, and region.
Based on source, the global market has been classified as plants, animals, and microorganisms.
Based on application, the global market has been classified as bakery & confectionery, dairy & frozen desserts, beverages, snacks, meat products, oils & fats, others.
The global natural antimicrobials industry has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
The North American market has further been segmented into the US, Canada, and Mexico. The European market has been classified as Germany, France, Italy, Spain, the UK, and the rest of Europe. The market in Asia-Pacific has been divided into China, India, Japan, Australia & New Zealand, and the rest of Asia-Pacific. The market in the rest of the world has been segmented into South America, the Middle East, and Africa.
Regional Market Summary
North America is expected to dominate the market for natural antimicrobials during the forecast period. The US is projected to be the major contributor of natural antimicrobials market in this region. Increasing demand for natural food additives among the manufacturers is driving the growth of natural antimicrobials in this region. Asia-Pacific also holds a significant share in the global market with increasing awareness of natural antimicrobials. Moreover, growing demand for organic food products is also boosting the growth of the market. A rapid increase in the demand for convenience foods in European countries is expected to drive the European market.
Frequently Asked Questions (FAQ) :
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 2019 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 Biosecur Lab, Cargill, and Univar, among others.