Mold Inhibitors Market Size, Share 2021 Global Industry Analysis, Development, Revenue, Future Growth, Business Prospects and Forecast to 2028
Global Mold Inhibitors Market 2021-2028 Overview
Mold inhibitors market is growing at a promising pace, owing to immense expansion across food preservation industry. Need for safe food as well customer choices for contamination-free food products are increasing roles for mold inhibitors space.
It also helps to reduce the risk associated with health problems caused by mycotoxin created by molds. It also helps reduce health issues such as skin inflammation, respiratory problems, and intestinal imbalance.
In addition, mold inhibitors serve a variety of roles and have a range of uses in both the food and non-food sectors. Feed and food are the primary applications of mold inhibitors. The rising consumption of packaged drinks and food has produced lucrative opportunities for mold inhibitors and food additives market.
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The global mold inhibitors market size is projected to reach nearly USD 2.4 billion by 2028. Additionally, the market is forecasted to grow a CAGR of above 3.4% over the forecast period of 2020-2028. Rapid industrialization around the globe is projected to boost the demand along with the growing need of healthy food products in the global market.
These materials prevent the development of molds in food products and thus increase the shelf life of food products. This element is driving demand in the market for mold inhibitors. Likewise, the rapidly growing applications of mold inhibitors in personal care, cosmetics, animal feed, paints, and pharmaceuticals have a positive influence on market growth.
The global market for mold inhibitors is rising due to increasing customer perception and increasing interest in healthier eating habits, thereby increasing demand for food preservatives. In addition to the growing demand for convenience food, food & drinks, bakery & confectionery, meat & meat products, and other food products, the market for mold inhibitors is expected to rise.
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On the other hand, the high cost of raw materials limits the growth of this demand for mold inhibitors, the lack of infrastructure in emerging regions, and the lack of storage facilities in semi-urban areas are another factor restricting the growth of the market. Whereas, increased recognition and high demand from developing economies are projected to create opportunities for the mold-resistant market in the forecast era.
The major players of the global mold inhibitors market are Koninklijke DSM N.V., Archer Daniels BASF SE, Midland Company, Associated British Food plc and E. I. du Pont de Nemours and Company. Moreover, the market comprises several other prominent players in the mold inhibitors market as Niacet Corporation, Eastman Chemical Company, Handary SA, Kemin Industries Inc., Hawkins Watts Limited and Pacific Coast Chemicals. The mold inhibitors market comprises well established local as well as global players. However, the previously recognized market players are coming up with new and advanced strategic solutions and services to stay competitive in the global market.
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Segment Overview of Global Mold Inhibitors Market
Type Overview, 2018-2028 (USD Billion, Million Tons)
Application Overview, 2018-2028 (USD Billion, Million Tons)
- Animal Feed
- Cosmetics & Personal Care
Regional Overview, 2018-2028 (USD Billion, Million Tons)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global mold inhibitors market. The report will benefit: Every stakeholder involved in the mold inhibitors market.
- Managers within the mold inhibitors industry looking to publish recent and forecasted statistics about the global mold inhibitors market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global mold inhibitors market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Some Major Points from TOC:
Chapter 1 Introduction
1.1 Introduction to the Study
1.2 Market Definition and Scope
1.3 Units, Currency, Conversions and Years Considered
1.4 Key Stakeholders
1.5 Key Questions Answered
Chapter 2 Research Methodology
2.2 Data Capture Sources
2.2.1 Primary Sources
2.2.2 Secondary Sources
2.3 Market Size Estimation
2.4 Market Forecast
2.5 Data Triangulation
2.6 Assumptions and Limitations
Chapter 3 Executive Summary
Chapter 4 Market Outlook
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