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The natamycin market share is expected to increase by USD 12.35 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.34%.
This natamycin market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers natamycin market segmentation by application (food and beverages, pharmaceuticals, personal care, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The natamycin market report also offers information on several market vendors, including Beijing Oriental Rada Biotech Co. Ltd., ChihonBio Co. Ltd., Handary SA, Indukern SA, Koninklijke DSM NV, Meihua Holdings Group Co. Ltd., Novartis Pharmaceuticals Corp., Siveele BV, Fujian lifecome biochemistry Ltd., Zhejiang Silver Elephant Bio Engineering Co. Ltd., and DuPont de Nemours Inc. among others.
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The increased demand for dairy and meat products is notably driving the natamycin market growth, although factors such as side effects of natamycin may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the natamycin industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Natamycin Market Driver
One of the key factors driving growth in the natamycin market is the increased demand for dairy and meat products. The growing population, higher income levels, and rising health consciousness are all driving up demand for dairy products. For instance, the global dairy sector was valued at $720 billion in 2019, and it is expected to grow during the forecast period. In 2021, the processed meat industry was worth $614.08 billion. Processed meat has a superior taste, a lower risk of meat-borne diseases, a longer shelf life, and a high degree of portability. Because of changing customer tastes, marinated meat packages are in trend, embracing meat processing techniques. Consumers prefer the taste of such sophisticated meat preparations over the time period, which, in turn, leads to the growing popularity of the meat. This increases the demand for preservatives like natamycin during the forecast period.
Key Natamycin Market Trend
The rising consumption of ready-to-eat food products natamycin market trend is expected to have a positive impact in the coming years. The consumer demand for ready-to-cook and ready-to-eat food is increasing as a result of dual-income homes and hectic lifestyles. The convenience and time-saving features of ready-to-eat food products are driving up their demand and, in turn, propel the market growth. During the pandemic in 2020, there was a massive increase in demand for ready-to-eat food products as most individuals were working from home and countries were under lockdowns. In 2020, one of India's online grocery stores, Grofers, reported a 17% increase in sales in the ready-to-eat category, a 31% increase in readymade meals and mixes, and a 41% increase in frozen food, indicating a sudden consumer shift from home-cooked food to ready-to-eat food products. Thus, it can be predicted that this shift in consumer behavior will greatly boost the market during the forecast period.
Key Natamycin Market Challenge
The side effects of natamycin will be a major challenge for the natamycin market during the forecast period. Natamycin is a fungicide that is used to treat fungal diseases. Natamycin can cause negative effects in some people who are allergic to it. Both prescription and over-the-counter natamycin have side effects. Side effects, also known as adverse reactions, are unwanted undesirable effects that are possibly related to a drug. Side effects can vary from minor to major. These side-effects of natamycin may hinder the growth of the market.
This natamycin market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global natamycin market as a part of the global packaged foods and meats under the global food products segment of the global food, beverage, and tobacco market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the natamycin market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the natamycin market encompasses successful business strategies deployed by the key vendors. The natamycin market is fragmented and the vendors are deploying growth strategies such as focusing on quality, price, service, brand image, distribution, and marketing to compete in the market.
pimaricina.com ? Under the unified segment, the company is involved in manufacturing nonalcoholic soft drinks which are available in flavors such as original, cucumber lime, grapefruit peach and lemon honeysuckle.
pimaricina.com ? The company offers fruit-flavored soft drinks that are available in different flavors such as original, cucumber lime, grapefruit peach and lemon honeysuckle.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The natamycin market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the natamycin market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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47% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for natamycin in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The increasing demand and the presence of large functional food industry will facilitate the natamycin market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the COVID-19 pandemic negatively impacted most APAC countries, which resulted in the temporary closure of various industries, including those manufacturing natamycin. However, in 2021, the demand for natamycin rebounded as major application segments such as food and beverages, pharmaceuticals, personal care, and other industries reopened manufacturing units due to the COVID-19 vaccination drives and subsequent lifting of lockdowns. These factors will drive the growth of the regional natamycin market during the forecast period.
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The natamycin market share growth by the food and beverages segment will be significant during the forecast period. Natamycin is a natural preservative that has passed stringent testing. There is no risk of harm in the levels used on food. Furthermore, because of the growing number of health-conscious consumers, it is a preferred natural additive in the food industry. The increasing global demand for processed, dairy, and meat products is expected to boost the demand for natamycin. These factors propel the growth of the segment in the market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the natamycin market size and actionable market insights on post COVID-19 impact on each segment.
Natamycin Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.34% |
Market growth 2022-2026 |
$ 12.35 million |
Market structure |
Fragmented |
YoY growth (%) |
2.5 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 47% |
Key consumer countries |
US, Canada, China, Japan, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Beijing Oriental Rada Biotech Co. Ltd., ChihonBio Co. Ltd., Handary SA, Indukern SA, Koninklijke DSM NV, Meihua Holdings Group Co. Ltd., Novartis Pharmaceuticals Corp., Siveele BV, Fujian lifecome biochemistry Ltd., Zhejiang Silver Elephant Bio Engineering Co. Ltd., and DuPont de Nemours Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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