GLOBAL FOOD ANTIMICROBIAL ADDITIVES MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)
Food Antimicrobial Additives Market Analysis:
The food antimicrobial additives market is expected to experience a compound annual growth rate (CAGR) of 5.16% from 2022 to 2027. The COVID-19 pandemic had a significant impact on producers due to fluctuations in the prices of raw materials used to manufacture antimicrobial additives, resulting in increased costs for the end product. Food and beverage products are susceptible to contamination by various pathogens and spoilage microbiota, which can cause foodborne illnesses and economic losses for the food industry. Antimicrobial food additives are crucial in preventing and inhibiting microbial growth in food products.
However, in the meat industry, nitrite usage is being suspended due to its carcinogenic effects, leading to an increased demand for natural antimicrobial additives such as nisin and natamycin to inhibit mold growth. The Food and Drug Administration (FDA) has strict regulations on the use of antimicrobial additives in processed foods and food-contact items such as food packaging, which is expected to hinder market growth during the forecast period. Additionally, consumers are increasingly seeking free-from claims, including antimicrobials, which is prompting food and beverage manufacturers to eliminate their use, directly impacting revenue generation in the overall market for food antimicrobial additives.
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