Market Outlook

The global antimicrobials market is likely to touch USD 860 million at a 7.3% CAGR between 2019- 2024, as per the recent report by Market Research Future (MRFR). 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.

Various factors are adding to the 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 antimicrobials market growth over the forecast period.

Segmental Analysis

The MRFR report offers an inclusive segmental analysis of the global antimicrobials market report based on application and source.

By source, the 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 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.

Regional Analysis

Based on the region, the global antimicrobial food additives report covers the growth opportunities and recent trends across North America, Europe, the Asia Pacific (APAC), and the Rest of the World. Of these, North America will lead the market over the forecast period. It is likely to grow at an 8.15% CAGR. Increasing consumption in the region, demand for food preservatives that are chemical-free, rising health awareness, and increasing investment and focus to develop new products are factors that are adding to the market growth in the region.

The global antimicrobials market in the APAC region is predicted to grow at a fast pace over the forecast period. Rising consumption in packed food products in developing countries like India & China is adding to the market growth in the region.

The global antimicrobials market in Europe is predicted to have healthy growth over the forecast period while that in the RoW is predicted to have sound growth over the forecast period.

Key Players

Eminent players profiled in the global antimicrobials market report 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.).

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