Mold Inhibitors Market: Global Industry Analysis and Forecast (2024-2030)

Mold Inhibitors Market size was valued at US$ 1.91 Bn. in 2023 and the total Mold Inhibitors Market revenue is expected to grow at 4.5% from 2024 to 2030, reaching nearly US$ 2.60 Bn.

Mold Inhibitors Market Overview:

Mold inhibitors are feed additives that are used to reduce the amount of mold contamination and stops mold growth, reducing the possibility that mycotoxin-producing molds would multiply in grain or feed. Propionic acids and other organic acids are frequent feed additives used for this purpose. The demand for preservatives has increased as people become more concerned with eating hygienic and healthy food. The preservatives assist in preserving food for a longer period of time and shield it from potentially dangerous elements like the bacterial and fungal growth brought on by other physical factors like temperature, pressure, etc. The natural preservatives known as mold inhibitors work to extend the shelf life of food products by preventing the formation of mold and other bacteria. Because of their ability to preserve, mold inhibitors are becoming more and more popular. Mold inhibitors can be synthetic or natural, and food products often contain a small amount of them. The market size is diversified by the widespread concern about maintaining healthy eating habits among all age groups. The market value is raised by the growth in demand for convenience foods. Different processed and preserved food items are growing owing to high consumption as eating habits change day to day. To extend the shelf life of these foods, preservatives must be added. The majority of food goods expire because they are not preserved properly. The food industry’s growing demand for preservation goods is driving the market's growth. These inhibitors are primarily required by the dairy and baking industries to increase the shelf life of bread, cakes, and other baked goods. These foods typically become susceptible to germs and fungi in a relatively short amount of time. Thanks to the fact that bakery products are frequently consumed for breakfast and lunch, people always choose to buy those with a long shelf life. As a result, many food products heavily rely on preservation products. These elements are fueling the market growth for mold inhibitors.

Report Scope:

The research offers a comprehensive analysis of the market’s drivers, restraints, trends, and projections for Mold Inhibitors. Research on Porter's five forces shows how networks of suppliers and customers can be formed in order to make profitable decisions. In-depth research, market size, and segmentation are used to determine the present Mold Inhibitors Market potential. Investors are given a thorough view of the industry's future by the research, which also contains details on the factors that are expected to have an impact on the company either favourably or unfavourably. Research offers a detailed understanding of the market for those investors wishing to invest. This report includes future market sizes as well as historical and current scenarios for the mold inhibitors sector. Every aspect of the market is covered by the report's comprehensive study of significant competitors, including market leaders, followers, and new entrants. Information on the company-specific strategies for the introduction of new goods, growth, partnerships, joint ventures, and acquisitions is provided in the report, along with the strategic profiles of the major industry participants. The research serves as a reference for investors with its clear depiction of competitive analysis of key organizations by Source, pricing, financial condition, product portfolio, growth strategies, and regional presence in the domestic as well as the local market.Mold Inhibitors MarketTo know about the Research Methodology :- Request Free Sample Report

Mold Inhibitors Market Dynamics:

Increased knowledge of the harmful effects of mold formation on human health, as well as growing food-related health issues

The sector for mold inhibitors is poised for profitable growth as consumers demand longer shelf life for their food and drugs. Demand for mold inhibitors would be directly impacted by the growth and development of different end-user verticals, particularly in developing countries. The market for mold inhibitors grows as a result of improved R&D capabilities for both natural and synthetic mold inhibitors. Growing disease outbreaks have inspired technological advancements, particularly in the development of mold inhibitors.  

Accelerating the market for mold inhibitors'

Owing to the presence of mold inhibitors in bread, cake, cookies, and other baking products, the bakery, and dairy industries are regarded as the key market drivers. Mold inhibitor use is increased by the growth in demand for preservatives to prevent food spoiling and contamination. Another major driving force is the recent development of scientific preservation procedures to protect food from microbial growth. Thanks to its capacity to prevent mold contamination in a variety of industrial items, mold inhibitors are one of the food preservation industry's fastest-growing markets. This increases product shelf life. It also helps to lower the possibility of health issues brought on by mycotoxin, which molds create further. Additionally, it helps to avoid illnesses including skin rashes, gut flora imbalance, and lung problems. Mold inhibitors also perform a number of additional tasks and are used in both the food and non-food sectors of the economy. Mold inhibitors have a variety of uses, including in food and feed. Future sales expectations for the mold inhibitors market are likely to be boosted by the growth of other sectors like paint, cosmetics, and medicines. With their special qualities, mold inhibitors are becoming more and more popular in a variety of end-use industries. Sorbate, benzoates, natamycin, propionates, and other substances like sulfites, acetic acid, and sodium acetate are examples of mold inhibitors. Several businesses, notably the food industry, use mold inhibitors. These goods keep food from growing mold, extending its shelf life. As a result, they are frequently used by food makers. This reason is boosting the market's need for mold inhibitors. In addition, the growing usage of mold inhibitors in paints, personal care products, pharmaceuticals, and animal feed is contributing to the market's growth.  

Growing cosmetics business and rising cosmetics industry demand for anti-bacterial solutions

Since propyl gallate is utilized as an anti-bacterial in cosmetics, the expanding personal care and cosmetics industries are driving up demand for mould inhibitors. The demand for cosmetics and personal care products is being driven by the rising awareness of physical appearance and personal maintenance. The personal care organization in Europe, Cosmetics Europe, estimates that the 2019 market for cosmetics in the region's major economies, including China, India, South Korea, and Japan, was worth US$123.34 billion. The cosmetics industry's increased demand for mould inhibitors is a result of this.  

Price fluctuations for raw materials have become a significant barrier to the market's growth

A lack of advanced technology and inadequate storage facilities in low- and middle-income areas will hinder the growth of the mold inhibitors sector even further. It will take longer for the Mold Inhibitors Market to grow in low- and middle-income areas due to a lack of resources that result in a solid infrastructure. The adverse effects of some of the inhibitors on human health are predicted to impede market growth. However, rising demand from emerging nations and improved awareness are going to offer the mould inhibitors market a plethora of opportunities.  

Sales of Mold inhibitors increases as consumer spending on items for animal feed is expected to grow

Demand for organic ingredients and additives like natural mold inhibitors or clean label mold inhibitors has significantly increased as a result of the growing popularity of natural or organic foods. The food and beverage sector uses a variety of clean-label Mold inhibitors, including natamycin, prune juice concentrates, and vinegar. They are effective against mold and other fungi thanks to their antifungal characteristics.  

Dangerous to human health

It's not always a good idea to consume mold inhibitors. Humans may experience intestinal issues as a result of stale mold and specific forms of mold. Propyl gallate, for instance, is a chemical that can be found in adhesives, gum, dried meats, chicken soup, mayonnaise, and other food products. However, there have been some reports of propyl gallate interfering with human hormones. Propyl gallate is regarded as an endocrine disruptor (PDF) since it tampers with human hormones, which have negative effects on one's health. This is one of the main issues the market for mould inhibitors is facing.

Mold Inhibitors Market Segment Analysis:

Based on Source, In 2023, the segment for microorganisms maintained the biggest market share (43%) for mold inhibitors. Good yeast and other mold inhibitors are frequently used in baking and confectionery items. This keeps the food fresh and guards against rancidity. Yeast and other microorganisms aid in the absorption of vitamins and minerals from the diet. Additionally, it aids in maintaining a balanced, healthy digestive tract. The proper amount of yeast in the human body aids in immune system development. This is boosting the market for mould inhibitors' need for microorganisms. Based on Types, the Benzoates segment is expected to grow at the highest CAGR during the forecast period. Benzoic acid and sodium benzoate are frequently used as antimicrobial agents in food preservation, medications, cosmetics, and other uses. Under acidic conditions, benzoates undergo an autocatalytic reaction known as "auto-ignition" that turns them into benzene. As a result, when released into the atmosphere as tiny particles, they have the potential to cause dangerous conditions. Although it is not expected that the current levels of benzoate use have a negative impact on health, the potential to create benzene under specific circumstances is a matter of concern. Mold's water activity is reduced by benzoic acid by destroying the cell structure. This means that the glucose that mold needs to thrive won't be able to be broken down. Benzoic acid also stops the enzymes that mold needs to thrive. One enzyme used by mold, glucosidase, for instance, converts glucose into two molecules of gluconic acid, which mold takes and uses to make more energy. The pace of mold development is slowed by benzoic acid, which inhibits this enzyme. Based on Application, the Feed & Food segment is expected to grow at the highest CAGR during the forecast period. The intrinsically high population of microorganisms influences their safety and quality, which has led to the widespread usage of mold inhibitors in food and feed. In this respect, a variety of chemical kinds can be utilized as mold inhibitors. Additionally, some mold inhibitors are labelled as "regulated by processing method" or GRAS notice in the U.S. Food Additive List, which denotes that they are widely accepted as safe. For instance, the maximum sodium benzoate content allowed for meat products is 0.1%, for chicken products, it is 2%, for milk it is 0.5%, for fish, it is 3%, for canned fruit it is 4.5%, for jam and jelly it is 6%, and for canned fruit juices it is 8%. Nisin, which is used up to 200 ppm in cheese products including mold-ripened cheese and processed cheese food, is one mold inhibitor that is permitted by the United States Food Additive List under "regulation by processing method." As a result, it is expected that the market for mold inhibitors grow during the forecast period.Mold Inhibitors Market Regional Insights: North American region dominates the market for mold inhibitors because of its developing pharmaceutical industry and improving economic climate, which creates the ideal conditions for the usage of cosmetic preservatives. But in the near future, environmental worries over the use of these compounds could be a danger to growth. One of the most prominent producers and consumers of mold inhibitors in North America. Due to rising demand from end-use industries such the pharmaceutical, cosmetic, personal care, and food industries, the North American market for mould inhibitors is predicted to expand steadily. The demand for mould inhibitors will be further supported throughout the forecast period by the rising number of M&A transactions in the industrial and service sectors. Emerging markets in APAC are expected to increase significantly due to the region's rapid economic development and rising consumer expenditure, notably in countries like Thailand and China. Manufacturers are concentrating on research and development to produce biological inhibitors with low toxicity, thereby lowering the adverse effects of chemicals on the human body, in response to rising consumer awareness of cleanliness. The market for mold inhibitors is also predicted to grow as a result of players' increasing R&D spending. More than one-third of the world's paper and paperboard products are consumed in the Asia-Pacific region, yet this area lags behind the US and Europe in terms of per-capita product penetration and usage. The region also controls the largest portion of the global market due to a number of factors, including the rapidly expanding personal care and cosmetics industry, the well-established pharmaceutical industry, the rapidly growing construction industry (where the product is used in paints to prevent mold growth), and the large population base that drives up food demand. During the forecast period, it is expected that the region grow the fastest.

Mold Inhibitors Market Scope: Inquire before buying

Mold Inhibitors Market
Report Coverage Details
Base Year: 2023 Forecast Period: 2024-2030
Historical Data: 2018 to 2023 Market Size in 2023: US$ 1.91 Bn.
Forecast Period 2024 to 2030 CAGR: 4.5% Market Size in 2030: US$ 2.60 Bn.
Segments Covered: by Source Plants Animals Microorganisms
by Types Benzoates Natamycin Propionates Sorbates Others
by Application Feed & Food Pharmaceuticals Cosmetics & Personal Care Others

Mold Inhibitors Market, by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)

Mold Inhibitors Market, Key Players are

1. Koninklijke DSM N.V 2. BASF SE 3. DuPont 4. Handary SA 5. Hawkins Watts Limited 6. Kemin Industries Inc. 7. Niacet Corporation 8. Ravago chemicals 9. Eastman Chemical Company 10. BASF SE 11. Archer Daniels Midland Company 12. Associated British Foods PLC 13. E. I. Du Pont De Nemours and Company 14. PCC 15. DSM 16. Handary 17. ANGUS Chemical Company 18. Watson Inc. 19. Bentoli Corbion Company Frequently Asked Questions: 1] What segments are covered in the Global Mold Inhibitors Market report? Ans. The segments covered in the Mold Inhibitors Market report are based on Source, Types, Applications, and Region. 2] Which region is expected to hold the highest share in the Global Mold Inhibitors Market? Ans. The North America region is expected to hold the highest share in the Mold Inhibitors Market. 3] What is the market size of the Global Mold Inhibitors Market by 2030? Ans. The market size of the Mold Inhibitors Market by 2030 is expected to reach US$ 2.60 Bn. 4] What is the forecast period for the Global Mold Inhibitors Market? Ans. The forecast period for the Mold Inhibitors Market is 2024-2030. 5] What was the market size of the Global Mold Inhibitors Market in 2023? Ans. The market size of the Mold Inhibitors Market in 2023 was valued at US$ 1.91 Bn.
1. Global Mold Inhibitors Market Size: Research Methodology 2. Global Mold Inhibitors Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Mold Inhibitors Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Mold Inhibitors Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Mold Inhibitors Market Size Segmentation 4.1. Global Mold Inhibitors Market Size, by Source (2023-2030) • Plants • Animals • Microorganisms 4.2. Global Mold Inhibitors Market Size, by Types (2023-2030) • Benzoates • Natamycin • Propionates • Sorbates • Others 4.3. Global Mold Inhibitors Market Size, by Application (2023-2030) • Feed & Food • Pharmaceuticals • Cosmetics & Personal Care • Others 5. North America Mold Inhibitors Market (2023-2030) 5.1. North America Mold Inhibitors Market Size, by Source (2023-2030) • Plants • Animals • Microorganisms 5.2. North America Mold Inhibitors Market Size, by Types (2023-2030) • Benzoates • Natamycin • Propionates • Sorbates • Others 5.3. North America Mold Inhibitors Market Size, by Application (2023-2030) • Feed & Food • Pharmaceuticals • Cosmetics & Personal Care • Others 5.4. North America Semiconductor Memory Market, by Country (2023-2030) • United States • Canada • Mexico 6. European Mold Inhibitors Market (2023-2030) 6.1. European Mold Inhibitors Market, by Source (2023-2030) 6.2. European Mold Inhibitors Market, by Types (2023-2030) 6.3. European Mold Inhibitors Market, by Application (2023-2030) 6.4. European Mold Inhibitors Market, by Country (2023-2030) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Mold Inhibitors Market (2023-2030) 7.1. Asia Pacific Mold Inhibitors Market, by Source (2023-2030) 7.2. Asia Pacific Mold Inhibitors Market, by Types (2023-2030) 7.3. Asia Pacific Mold Inhibitors Market, by Application (2023-2030) 7.4. Asia Pacific Mold Inhibitors Market, by Country (2023-2030) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Mold Inhibitors Market (2023-2030) 8.1. Middle East and Africa Mold Inhibitors Market, by Source (2023-2030) 8.2. Middle East and Africa Mold Inhibitors Market, by Types (2023-2030) 8.3. Middle East and Africa Mold Inhibitors Market, by Application (2023-2030) 8.4. Middle East and Africa Mold Inhibitors Market, by Country (2023-2030) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Mold Inhibitors Market (2023-2030) 9.1. South America Mold Inhibitors Market, by Source (2023-2030) 9.2. South America Mold Inhibitors Market, by Types (2023-2030) 9.3. South America Mold Inhibitors Market, by Application (2023-2030) 9.4. South America Mold Inhibitors Market, by Country (2023-2030) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Koninklijke DSM N.V 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. BASF SE 10.3. DuPont 10.4. Handary SA 10.5. Hawkins Watts Limited 10.6. Kemin Industries Inc. 10.7. Niacet Corporation 10.8. Ravago chemicals 10.9. Eastman Chemical Company 10.10. BASF SE 10.11. Archer Daniels Midland Company 10.12. Associated British Foods PLC 10.13. E. I. Du Pont De Nemours and Company 10.14. PCC 10.15. DSM 10.16. Handary 10.17. ANGUS Chemical Company 10.18. Watson Inc. 10.19. Bentoli Corbion Company

About This Report

Report ID 95216
Category Food & Beverages
Published Date February 2024
Updated Date
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