Global Feed Mold Inhibitors Market, By Type (Natural, Synthetic), Source (Plant, Animal, Microorganism, Others), Product (Propionates, Benzoates, Sorbates, Natamycin, Others), – Industry Trends and Forecast to 2029
Feed Mold Inhibitors Market Analysis and Size
Mold inhibitors are one of the fastest-growing markets in the food preservation industry. They can prevent mold contamination on various industrial products, thereby extending product shelf life. Mold inhibitors also serve several functions and have a wide range of applications in the food and non-food industries.
Data Bridge Market Research analyses that the feed mold inhibitors market was valued at USD 2.12 billion in 2021 and is expected to reach the value of USD 2.92 billion by 2029, at a CAGR of 4.10% during the forecast period. The market is expanding due to growing concerns about animal health. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, technological advancements and patent analysis.
Feed Mold Inhibitors Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Natural, Synthetic), Source (Plant, Animal, Microorganism, Others), Product (Propionates, Benzoates, Sorbates, Natamycin, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Bayer AG (Germany), Cargill Incorporated (U.S.), BASF SE (Germany), Yara International (Norway), Compass Minerals (U.S.), Syngenta Crop Protection AG (Switzerland), Adama Ltd (Israel), Sumitomo Chemicals (Japan), Nufarm Limited (Australia), UPL (India), K+S Group (Germany), Israel Chemical Company (Israel), Nutreco (Netherlands), Adisseo (France), Alltech (Nicholasville), Novus International (U.S.), Biomin (Austria), Impextraco NV (Belgium), Norel SA (Spain), Global Nutritech (Turkey)
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Opportunities
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Market Definition
Mold inhibitors serve as additives that are used to prevent mould growth and reduce mould contamination. Mold inhibitors serve as additives that are used to prevent mould growth and reduce mould contamination. These inhibitors work by preventing the growth of mould.
Feed Mold Inhibitors Market Dynamics
Drivers
- Health awareness and growing knowledge about negative health effects of mould formation
Increased awareness of the negative health effects of mould formation, as well as rising food-related health concerns, have increased global demand for mould inhibitors. Mold inhibitors have a promising future as the demand for longer shelf life in food and pharmaceuticals grows. The growth and expansion of various end-user verticals, particularly in emerging markets, would directly impact mould inhibitor demand.
- Consumer spending on animal feed products and growing trend for organic consumables
Mold inhibitor sales are expected to rise as consumer spending on animal feed products rises. The increasing popularity of natural or organic foods has resulted in an increase in demand for organic components and additives such as natural mold inhibitors or clean label mould inhibitors. The food and beverage industry extensively uses vinegar, prune juice concentrates, natamycin, and other clean label Mold inhibitors. Molds and other fungi are resistant to their antifungal properties.
Opportunity
Mold inhibitors perform various functions and have numerous applications in the food and non-food industries. Mold inhibitors are widely used in the food and dairy industries. Other industries, such as paint, cosmetics, and pharmaceuticals, are expected to expand rapidly in the coming years. Because of their numerous benefits, mould inhibitors are becoming more widely used in the food and non-food industries. Mold inhibitors are also used in a variety of industries, including food, feed, paint, and wood, to prevent mould development and minimise mould penetration.
Restraints
The growing number of regulatory changes and volatility in raw material prices will likely inhibit the growth of the feed mold inhibitors market in the above mentioned forecast period. The increasing use of traditional methods will pose a significant challenge to market growth.
This feed mold inhibitors market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the feed mold inhibitors market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Feed Mold Inhibitors Market
The market suffered financial losses as a result of the food industry's shutdown of operations and processing units. Product production and delivery were even halted. These factors had an impact on the food industry, which in turn had an impact on the market. However, widespread consumption of bakery and dairy products in various regions is expected to restore the market's growth rate. The increased awareness and concern about staying healthy and avoiding contaminated food, particularly during the virus outbreak, will assist the market in regaining its position and successfully achieving the estimated CAGR.
Recent Development
- In August 2019, Corbion introduced the meat industry's first clean-label antimicrobial product that competes with potassium sorbate for mould inhibition, even in the most mold-prone applications.
- SHIELD, a line of liquid mould inhibitors from Kemin, is a propionic acid-based product that controls microbes, preventing spoilage and mould growth in tortillas, baked goods with fillings, and other products where water activity level and pH are a concern. These SHIELD products help to extend product shelf life by providing homogeneous dispersion throughout the dough, eliminating irritating dust common with dry preservatives, and improving handling without affecting the taste of your product.
Global Feed Mold Inhibitors Market Scope
The feed mold inhibitors market is segmented on the basis of source, type and product. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Natural
- Synthetic
Source
- Plant
- Animal
- Microorganism
- Others
Product
- Propionates
- Benzoates
- Sorbates
- Natamycin
- Others
Feed Mold Inhibitors Market Regional Analysis/Insights
The feed mold inhibitors market is analysed and market size insights and trends are provided by country, source, type and product as referenced above.
The countries covered in the feed mold inhibitors market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The United States dominates the North America feed mould inhibitors market due to rising preferences for convenience foods and rising public awareness about the benefits of mould inhibitors, while India, China, and Japan are expected to grow in the Asia-Pacific feed mould inhibitors market during the forecast period of 2022-2029 due to rising applications of the product in bakery and confectionery.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Feed Mold Inhibitors Market Share Analysis
The feed mold inhibitors market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to feed mold inhibitors market.
Some of the major players operating in the feed mold inhibitors market are:
- Bayer AG (Germany)
- Cargill Incorporated (U.S.)
- BASF SE (Germany)
- Yara International (Norway)
- Compass Minerals (U.S.)
- Syngenta Crop Protection AG (Switzerland)
- Adama Ltd (Israel)
- Sumitomo Chemicals (Japan)
- Nufarm Limited (Australia)
- UPL (India)
- K+S Group (Germany)
- Israel Chemical Company (Israel)
- Nutreco (Netherlands)
- Adisseo (France)
- Alltech (Nicholasville)
- Novus International (U.S.)
- Biomin (Austria)
- Impextraco NV (Belgium)
- Norel SA (Spain)
- Global Nutritech (Turkey)
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