Natamycin Market

Natamycin Market Outlook (2022 to 2032)

Natamycin is seen as a crucial agent in treating fungal keratitis. It belongs to a group of antifungal medicines that effectively treat infections in the eyes. The product is also used in the prevention of molds in cheese which determines its application in the food sector.

Further, it helps in extending shelf life and limits the wastage of food. In some nations, Natamycin is regulated by the government and allowed in a significant manner to be used in cakes, loaves of bread, and beverage production. Its colorless and odorless liquid prevents fungal infections that can be used in baking food without compromising taste or texture.

Natamycin is given a preference among other preservatives because of its efficient and natural food preservation method and its ability to prevent spoilage and extend the shelf life of food products. One of the major advantages of using this preservative is that it is highly efficient since we need a very small dosage of it to kill a wide variety of molds and yeasts which has a high potential of spoiling the food.

The global Natamycin arcade is currently valued at USD 68.5 Million in 2022. The market is further expected to reach up to USD 94.77 Million by end of 2032. The market is anticipated to expand with a CAGR of 3.3% in the forecast period.

Report Attributes	Details
Market size (2022 A)	USD 68.5 Million
Base Year for Estimation	2022
Forecast duration for this research	2022 to 2032
Forecasted Market value (2032 F)	USD 94.77 Million
Global Market Growth rate (2022 to 2032 E)	CAGR of 3.3%
Key Companies Profiled	DSM Food Specialities; Qingdao FTZ United International Inc.; D & F Control Systems Inc.; VGP; Toku-E Company

What drives demand for Natamycin?

The Natamycin industry is expected to witness substantial growth owing to its application in a wide range of areas such as pharmaceuticals for treating fungal infections, health and personal care for preserving cosmetics, animal feed, poultry, and Agriculture for the preservation of crops.

It has been declared safe by many independent food safety authorities which includes the European food safety authority also, which has increased the traction of Natamycin in the preservative industry. Collectively these reason plays a key role in fuelling the demand for this product in the near future. Chemical reactions that cause offensive sensory changes in foods are mediated by a variety of microbes that use food as a carbon and energy source.

These organisms include bacteria, yeasts, and molds. Some microbes are commonly found in many types of spoiled foods while others are more selective in the foods they consume; multiple species are often identified in a single spoiled food but there may be one species primarily responsible for the production of the compounds causing off odors and flavors. Within a spoiling food, there is often a succession of different populations that rise and fall as different nutrients become available or are exhausted.

Natamycin is produced by a pure culture of Streptomyces natalensis bacteria following a strictly controlled fermentation process. After extraction, it is centrifuged, filtered, and washed, to ensure the purity and quality of the end product.

The product helps in protecting foods through a unique mechanism that targets ergosterol in the cell wall. Ergosterol is a building block of yeasts and molds, which is responsible for intracellular nutrient transport, and therefore vital for their survival.

Nowadays consumers are more focused on natural properties such as taste, look and even the smell of their food product and Natamycin fulfills all these demands making it a very favorable preservative. The demand of consumers has shifted to natural-based products from synthetic products owing to the growth in health consciousness which subsequently increase the demand for natural preservatives. Since the consumption of alcoholic and non-alcoholic beverages is at its peak, hence increasing the demand in the forecast period.

Challenges ahead of manufacturers?

The industry is regulated by rules which are stringent and hinder the manufacturers’ growth. The lack of domain expert organization in Natamycin is also affecting market expansion. There is a rising preference for alternative products such as voriconazole instead of Natamycin in the healthcare segment which may affect the demand for the product in the forecast period.

What are lucrative opportunities in the Natamycin industry?

The growth in the demand for manufacturing preservatives for meat and dairy products such as sausages and cheese is driving the Natamycin market. Demand growth is anticipated to be driven by the boost in the global population and increased growth in demand for packaged food products.

Additionally, the market growth is expected to witness a hike owing to the increase in the use of antifungal pharmaceutical products. The introduction of new technologies and new product development by the use of stabilizing additives for improving the shelf life and stability can be a prospective opportunity for this market for further demand growth. This has numerous applications owing to its versatile nature which is again a growth driver and is expected to increase the demand for this product in the forecast period.

Competitive Landscape

The market is fragmented into a small number of players in the market. The lack of companies in the segment tends to narrow down the competition to a few firms. The market players in the industry engaged in partnerships to gain a strategic position.

Furthermore, the market is consistently growing in terms of research and innovation. The players are identifying key market trends and future patterns related to the application of Natamycin. Mergers and joint ventures often opt for ways for the geographical expansion of business.

• In December 2019, the Royal CSK was taken over by Royal DSM a nutrition health sector company that is determined to excel in sustainable living. With this acquisition, the DSM has strengthened its ability to fulfill the demand of the dairy sector.
• Danisco has launched the rage of novel gamma-cyclodextrin along with natamycin which is the best combination as an antifungal dietary product. This is likely to mean usage in baking items aimed to save cost and enable process-friendly solutions.

Segment wise Insights

Based on the application the food and beverage industry segment is dominating the market of Natamycin. This segment of the application food sector drives major revenue share as the product referred to under this research is used in baked goods and meat, fruit juices, and vegetables. Natamycin proves effective in product preservation. There is a significant rise in health-conscious behavior among people which is likely to foster the demand for Natamycin in the forecast period.

The packaged food industry is growing at a very high pace and is anticipated to show steep growth owing to its convenience, portability, and increasing pace of life of consumers. And increasing health concerns have forced the market to shift to natural preservatives in the packaged food industry which is again a growth driver for this market. With the growing population in the Asia Pacific region the demand for processed food has fuelled up and so is the demand for natural preservatives, making this region a hotspot for the market.

Natamycin Market: Market segmentation

• On the basis of the Form:

  • Liquid
  • Powder

•  On the basis of the Application:

  • Food and Beverages
    • Beverages
      • Alcoholic
      • Non-alcoholic
    • Animal feed
    • Bakery
    • Confectionary
    • Poultry & Seafood
    • Dairy Products
    • Ready Meals
    • Soup and Noodles
    • Snacks and Others
    • Meat Products
  • Agriculture
  • Pharmaceuticals
  • Health and personal care

• On the basis of Region:

  • North America Natamycin Market
  • Latin America Natamycin Market
  • Europe Natamycin Market
  • CIS & Russia Natamycin Market
  • Japan Natamycin Market
  • APEJ Natamycin Market
  • The Middle East & Africa Natamycin Market