Natural Antimicrobials Market Analysis
The natural antimicrobials market is likely to touch USD 1.319 billion at a 7.3% CAGR between 2023- 2032. Natural antimicrobials, simply put, are natural or chemical compounds that are added to food products for limiting microbial growth. They are used for preserving taste, enhancing flavor, as well as, other food qualities. Besides, it has other functions like help to reduce spoilage caused by yeast, bacteria, and fungi that boost product shelf-life along with maintaining quality attributes like nutritional value, texture, and color.
In France, the natural antimicrobials market is witnessing steady growth, driven by the country's strong tradition of using natural remedies and herbal medicine. The French are increasingly turning to natural antimicrobial products as they become more health-conscious and seek alternatives to synthetic antimicrobials. The market is characterized by a wide variety of natural antimicrobial products, including herbal extracts, essential oils, and probiotics. Major players in the market are focusing on product innovation and marketing strategies to meet the growing demand for natural antimicrobials in France.
Various factors are adding to the natural antimicrobials market growth. According to the new MRFR report, such factors include demand for plant extracts and essential oils, burgeoning demand for vegan food and clean-label food products that is creating enough opportunities for manufacturers to increase their plant-based natural antimicrobials production capacity, rising consumption of organic foods, and demand for foods by consumers with product traceability. Additional factors adding market growth include increasing popularity of gluten-free organic foods and growing demand for convenience food.
On the contrary, stringent regulations may impede the natural antimicrobials market growth over the forecast period.
Key Players
The natural antimicrobials key market players include Celanese Corp. (U.S.), BASF SE (Germany), Handary SA (Belgium), Cargill, Incorporated (U.S.), Siveele B.V. (the Netherlands), Brenntag AG (Germany), Hansen A/S (Denmark), Galactic S.A. (Belgium), Kemin Industries, Inc. (U.S.), Univar Inc. (U.S.), Royal DSM NV (the Netherlands), and I. du Pont de Nemours and Company (U.S.).
COVID-19 Analysis/COVID-19 Impact on Natural Antimicrobials Market
One industry that has been highly affected is the food industry that caters to the consumer's essential needs. Amid the constant panic and fear of the novel coronavirus, people have become more concerned about their health. This has led to the mushrooming demand for health-promoting ingredients. The guidelines offered by WHO in their coronavirus analysis has suggested people to take immunity-boosting foods. This has increased the demand for natural antimicrobials that have immunity-boosting properties that is being widely used across different food industries including beverages, sweet and savory snacks, meat products, dairy and frozen desserts, bakery and confectionery, and others.
Market Segmentation
The MRFR report offers an inclusive segmental analysis of the global natural antimicrobials market report based on application and source.
By source, the natural antimicrobials market is segmented into microorganisms, animals, and plants. Of these, plants source will lead the market over the forecast period. It is likely to grow at a 7.79% CAGR. Growing consumer demand for green label products in the form of preservatives in packed frozen food products are adding to the growth of the segment.
By application, the natural antimicrobials market is segmented into oils and fats, meat products, snacks, beverages, dairy and frozen desserts, bakery and confectionery, and others. Of these, dairy frozen desserts will dominate the market over the forecast period followed by beverages segment.
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