Global Mold Inhibitors Market, By Source (Animals, Plants and Micro-organisms), Type (Propionates, Benzoates, Sorbates, Natamycin and Others), Application (Pharmaceuticals, Paints, Food and Beverages, Cosmetics and Personal Care, Animal Feed and Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Mold Inhibitors Market
Rising food related health concerns and rising veganism are the two biggest reasons attributable to the growth of mold inhibitors market. This means that the mold inhibitors market would witness a CAGR of 5.5% for the forecast period of 2021-2028.
Mold inhibitors are the compounds that are used to tackle the fungal growth in food items, beverages, medicines, cosmetics and other products. These are the additives that minimize the mold contamination and restrict the mold growth. Mold inhibitors also add to the shelf life of products. These products are both natural and synthetic in nature and these need not be added in large quantities to the products.
Rising food related health concerns and awareness about the ill effects of mold development on the health have induced growth in the demand for mold inhibitors globally. Rising demand for extended shelf life of food items and pharmaceutical drugs have also created lucrative growth opportunities for the mold inhibitors market. Growth and expansion of various end user verticals would directly impact the growth in demand for mold inhibitors especially in the developing countries. Rising research and development proficiencies on both natural and synthetic mold inhibitors will in turn induce growth of mold inhibitors market. Rising disease outbreak have particularly induced technological advancements in the mold inhibitors production process.
However, fluctuations in the prices of raw materials have come forward as a big time challenge to the growth of the market. Inadequate storage facilities in low and middle class economies coupled with lack of sophisticated level of technology will further derail the mold inhibitors market growth rate. Lack of resources that culminate into a strong infrastructure in low and middle class economies will further hammer down the mold inhibitors market growth rate.
This 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 localised 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 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.
Global Mold Inhibitors Market Scope and Market Size
The mold inhibitors market is segmented on the basis of source, type and application. By careful analysis of every segment, one can conduct a SWOT analysis before investing in the growth and expansion of the business.
- On the basis of source, the mold inhibitors market is segmented into animals, plants and micro-organisms.
- Based on type, the mold inhibitors market is segmented into propionates, benzoates, sorbates, natamycin, and others. Propionates segment is further segmented into sodium propionate and calcium propionate. Benzoates segment is further segmented into benzoic acid and sodium benzoate. Sorbates segment is further segmented into sorbic acid and potassium sorbate. Others segment is further segmented into sulphites, sodium acetate and acetic acid.
- Based on application, the mold inhibitors market is segmented into pharmaceuticals, paints, food and beverages, cosmetics and personal care, animal feed, and others. Food and beverages is further segmented into baked goods.
Beverage Mold Inhibitors Market Country Level Analysis
Mold inhibitors market is analyses and market size, volume information is provided by country by source, type and application as referenced above.
The countries covered in the mold inhibitors market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America dominates the mold inhibitors market and will continue to flourish its dominance during the forecast period. This is because of the rising prevalence of food related diseases coupled with rising awareness about various ill-effects of mold-producing mycotoxins. Asia-Pacific on the other hand is set to undergo highest compound annual growth rate during the forecast period owing to the increased expenditure on food safety solutions. Increased consumption of processed and packaged food items coupled with rising demand and supply of medicines have contributed to the growth of the market. India and China have emerged to be the major contributors from this region.
The country section of the mold inhibitors market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Mold Inhibitors Market Share Analysis
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 mold inhibitors market.
The major players covered in the mold inhibitors report are DuPont, BASF SE, ADM, Associated British Foods plc, HANDARY S.A., Hawkins Watts Limited, Kemin Industries, Inc., Niacet, Pacific Coast Chemical Co., ANGUS Chemical Company, Eastman Chemical Company, DSM, Watson Inc., Bentoli Corbion and Ravago Chemicals among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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