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Natural Antimicrobials Market Forthcoming Developments & Future Investments 2018 to 2023

Author: Pradeep Ze
by Pradeep Ze
Posted: Apr 19, 2019

The global market for natural antimicrobials has been experiencing high demand for the last few years and is projected to reach USD 826.89 million by 2023. Rising demand for convenience food is majorly driving the growth of the natural antimicrobials market. Growing popularity of organic, gluten-free and other such clean-label commodities is directly influencing the growth of natural antimicrobials market. Consumers across the globe have become health conscious and demand foods with product traceability. Increasing consumption of organic foods will further increase the demand for natural and organic food additives including natural antimicrobials as a potential food additive.

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Global Key Players and Competition Analysis

This report includes a study of strategies used in the market, mergers and acquisitions, and multiple product launches by natural antimicrobials market players. It further includes product portfolios and developments of leading players, which includes

  • du Pont de Nemours and Company (U.S.)
  • Royal DSM NV (the Netherlands)
  • Univar Inc. (U.S.)
  • Kemin Industries, Inc. (U.S.)
  • The natural antimicrobials market is competitive with major market players operating at the global level. The key industry players in the natural antimicrobials market have adopted strategies such as geographic expansion, new product launch, partnership, acquisitions, and product promotions to strengthen their business portfolio. Most of the companies operating in this market are focusing on expanding their operations across the geographies, augmenting their capabilities and investing in research and development to offer products with better functionality.

Segmentation Analysis

Natural Antimicrobials Market Segmented by Type, Application and Region. By Type market is segmented into Microorganism, Plants, Animal. By Application market is segmented into Bakery & Confectionery, Dairy & Frozen Desserts, Beverages, Snacks, Meat Products, Oils & Fats.

Regional Analysis

The global natural antimicrobials market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Among these, North American region is dominating the market over the forecast period. The market is projected to grow at a CAGR of 8.15% during the review period. This is attributed to high consumption of natural antimicrobials in this region. Furthermore, Asia Pacific is projected to witness the highest growth rate during the forecast period 2017-2023. In Asia Pacific, China is dominating the market with market share of 40% in the year 2017.

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Author: Pradeep Ze

Pradeep Ze

Member since: Oct 01, 2018
Published articles: 150

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