PUBLISHER: The Business Research Company | PRODUCT CODE: 1531907
PUBLISHER: The Business Research Company | PRODUCT CODE: 1531907
Clean label mold inhibitors are additives utilized in food products to prevent mold growth while preserving taste, texture, and nutritional quality. Derived from natural sources, these inhibitors respond to consumer preferences for transparency and health-conscious options. They find frequent application in the baking industry to extend product shelf life without altering sensory characteristics.
Key components of clean label mold inhibitors include vinegar, starch, whey, fermented flour, and other natural substances. Vinegar, a tart liquid produced through fermentation, is widely employed in culinary practices and food preservation. These additives cater to various end-user sectors such as food and beverages, pharmaceuticals, animal feed, personal care products, cosmetics, and others.
The clean label mold inhibitors research report is one of a series of new reports from The Business Research Company that provides clean label mold inhibitors market statistics, including the clean label mold inhibitors industry's global market size, regional shares, competitors with a clean label mold inhibitors market share, detailed clean label mold inhibitors market segments, market trends and opportunities, and any further data you may need to thrive in the clean label mold inhibitors industry. This clean label mold inhibitors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The clean label mold inhibitors market size has grown rapidly in recent years. It will grow from $1.57 billion in 2023 to $1.72 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The growth observed in the historical period can be credited to increased consumer demand for natural ingredients, heightened health awareness, regulatory pressures favoring clearer food labeling, technological advancements in food preservation, greater awareness of food safety, expansion of organic and natural food markets, and the impact of social media on consumer preferences.
The clean label mold inhibitors market size is expected to see rapid growth in the next few years. It will grow to $2.54 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. During the forecast period, growth is expected due to continued regulatory pressures, advancements in preservation technologies, broader applications of products, increased emphasis on food safety, and the ongoing preference for organic and non-GMO products. Key trends anticipated in the forecast period include advancements in formulation technologies, growing regulatory support for products with transparent labels, expanding adoption in the bakery sector, a strong focus on extending shelf life, increasing consumer interest in health-conscious behaviors, and a rise in innovative sourcing of ingredients.
The expanding food industry is expected to drive growth in the clean label mold inhibitor market moving forward. The food industry encompasses a diverse network of activities involved in producing, processing, distributing, and selling food products. Factors such as biofuel expansion, population growth, and increasing energy costs contribute to the industry's growth. Clean-label mold inhibitors, derived from natural sources, are utilized to extend the shelf life of food products without compromising their quality or safety. For example, according to the Australian Bureau of Statistics in April 2024, sales of food and non-alcoholic beverages in Australia's retail sector totaled 15.1 million metric tons in the fiscal year 2021-22, marking an increase from 14.8 million metric tons in the previous fiscal year of 2020-21. Therefore, the burgeoning food industry is anticipated to propel the growth of the clean label mold inhibitor market.
Key companies in the clean label mold inhibitors market are focusing on developing innovative products such as clean-label preservatives to meet evolving consumer needs. Clean-label preservatives are natural or minimally processed ingredients used to prolong the shelf life of food products while maintaining transparent and consumer-friendly labeling. For instance, BioVeritas LLC, a US-based bio-based ingredients startup, introduced a clean-label mold inhibitor in July 2023 designed to preserve the flavor and texture of food products. This innovative ingredient is produced through a proprietary upcycling and fermentation process that utilizes surplus biomass to generate propionic acid, a natural preservative commonly used in the baked goods industry. It offers enhanced cost efficiency and a reduced carbon footprint due to its lower recommended dosage and use of biomass instead of petrochemicals.
In October 2023, SK Capital Partners, a US-based private investment firm, acquired J&K Ingredients Inc. to bolster its product portfolio in the food ingredient sector. This acquisition aims to leverage J&K Ingredients' expertise and drive accelerated growth through an aggressive commercial strategy, enhancing their position as a leading provider of natural and clean-label solutions in the market. J&K Ingredients Inc., based in the US, specializes in offering clean-label mold inhibitors.
Major companies operating in the clean label mold inhibitors market are DuPont Inc., Koninklijke DSM N.V., Kerry Group plc, Lesaffre et Compagnie, Tate & Lyle PLC, Corbion NV, Lallemand, Chr. Hansen Holding A/S, Balchem Corporation, Glanbia Nutritionals, Kemin Industries Inc., Grain Millers Inc., Prathista Industries Limited, Puratos Group, Thymly Products Inc., Bentoli Inc., J&K Ingredients Corp., Indo Bakels Pvt. Ltd., Handary SA, A&B Ingredients Inc., ProByn International Inc., Vaishnavi Bio Tech International Limited, BioVeritas LLC
North America was the largest region in the clean label mold inhibitors market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the clean label mold inhibitors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the clean label mold inhibitors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The clean label mold inhibitors market consists of sales of fermented cane sugar, rosemary extract, and cultured whey or dairy. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Clean Label Mold Inhibitors Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on clean label mold inhibitors market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for clean label mold inhibitors ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The clean label mold inhibitors market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.