Mold Inhibitors Market

Global Mold Inhibitors Market: Snapshot

Mold inhibitors are gaining traction across wide range of end-use sectors owing to their various features. Benzoates, propionates, natamycin, sorbates, and others (including acetic acid, sulfites, and sodium acetate) are key types of mold inhibitors.

TMR’s upcoming research report on the mold inhibitors market offers comprehensive assessment of challenges, drivers, restraints, and opportunities in the market. Thus, this report is a helpful guidebook of the mold inhibitors market for the tenure of 2020–2030.

Global Mold Inhibitors Market: Growth Dynamics

Mold inhibitors find application in various end-use industries including food industry. These products inhibit the growth of molds in food products; thereby improve food’s shelf life. As a result, they are widely used by food manufacturers. This factor is driving demand avenues in the mold inhibitors market. This aside, increased application of mold inhibitors in cosmetics and personal care, animal feed, pharmaceuticals, and paints is positively influencing on market growth.

Global Mold Inhibitors Market: Notable Development and Competitive Analysis

Major vendors in mold inhibitor market are using diverse tactics to maintain their key market position. Some of the important strategies used by gamut of players include partnerships, mergers, acquisitions, and collaborations.

The list of important companies in the global mold inhibitors market includes:

• E. I. du Pont de Nemours and Company
• BASF SE
• Archer
• Associated British Food plc
• Daniels Midland Company

Global Mold Inhibitors Market: Regional Assessment

On regional front, the mold inhibitors market is foreseen to show prominent expansion avenues in Asia Pacific, specifically in India and China. Key reason supporting this growth is increased consumption of processed and convenience food products. Increased awareness regarding adverse health effects of mycotoxins produced by mold will drive

Mold inhibitors are gaining impetus in the food preservation industry in the recent years owing to their ability to stop the mold contamination or growth on different types of industrial products. Hence, a rise in the utilization of the product in order to improve the shelf-life of products from varied industries is likely to fuel the expansion opportunities in the global mold inhibitors market.

Some of the key types of mold inhibitors available today include benzoates, propionates, natamycin, and sorbates. Mold inhibitors are also known for decreasing the risk associated with the health issues due to mycotoxin, which is developed by molds. Moreover, the product is being increasingly utilized in order to prevent different health problems including lungs issues, gut flora imbalance, and skin irritation. All these applications of the product are leading to notable business opportunities in the global mold inhibitors market.

Apart from the food and feed industry, mold inhibitors are being utilized in numerous other industries including the pharmaceutical, cosmetics, and paint industry. Hence, rising demand from these industries is expected to fuel sales avenues in the mold inhibitors market during the forecast period.

The mold inhibitors market is spread across many regions including Europe, North America, Latin America, Asia Pacific, and Rest of the World (RoW). Of all, the market is expected to gain sizable growth opportunities in Asia Pacific owing to the presence of many emerging economies such as India and China. Moreover, a surge in the understanding pertaining to the health effects of mycotoxins developed by mold and increase in the consumption of processed and convenience food products in the region are prognosticated to fuel the Asia Pacific mold inhibitors market growth during the forecast period.

The presence of many well-established companies such as E. I. du Pont de Nemours and Company, BASF SE, Archer Daniels Midland Company, Associated British Food plc, and Koninklijke DSM N.V. makes the competition levels in the mold inhibitors market highly intense. Hence, players are utilizing different strategies such as mergers, acquisitions, partnerships, and collaborations in order to stay ahead of the competition. Such initiatives are expected to result into promising growth of the global mold inhibitors market in the forthcoming years.

Mold inhibitors is one of the fastest-growing markets in the food preservation industry, owing to their ability to prevent mould contamination in various industrial products, thereby extending product shelf life. It also aids in the reduction of the risk of health problems caused by mycotoxin that are further produced by molds. It also aids in the prevention of health problems such as lung issues, skin irritation, and gut flora imbalance. Mold inhibitors further serve multiple functions and have a wide range of applications in the food and non-food industries. Mold inhibitors possess uses in multiple applications, including food and feed. Other industries, such as pharmaceuticals, paint, and cosmetics, are expected to grow in the coming years, thereby promoting the sales projections of the global mold inhibitors industry in the future.

Mold inhibitors are gaining popularity across a wide range of end-use sectors due to their unique properties. Mold inhibitors include sorbates, benzoates, natamycin, propionates, and others such as sulfites, acetic acid, and sodium acetate. Mold inhibitors are used in a variety of industries, including the food industry. These products prevent mould growth in food, extending the shelf life of the food. As a result, food manufacturers widely employ them. This factor is propelling the demand for mould inhibitors in the market. Aside from that, the increased use of mould inhibitors in paints, cosmetics and personal care, pharmaceuticals, and animal feed is positively impacting market growth.

There are a handful of players operating in the global mold inhibitors market, thereby making the market competition very fierce. Different players are using different strategies to gain the upper hand in the overall market competition. This includes joint ventures, collaborations, and merger acquisitions. Regionally, Asia Pacific emerged as the largest revenue generator for the mold inhibitors market with the highest sales from China and India. Factors supporting the growth of this market include the growing popularity of convenience and processed food products. On the contrary, the rising awareness about the adverse health effects of mycotoxins further attributed o the fact that it is created by mold might create challenges for the sales growth of the mold inhibitors market in the coming years.