Mold
inhibitors serve as additives which are used for preventing mold
growth and reducing the mold contamination, for the purpose of
minimizing the risk of having mycotoxin producing mold which
proliferate on feed or grain. These inhibitors have the function to
suppress generation of molds. Mold inhibitors generally include
propionic acid and other organic acids. However, as mold inhibitors
have no effect on mycotoxins which are already present in the
contaminated feed, they may still be present even if the growth has
been avoided.
Various
mold inhibitors are used in the industry such as propionates,
benzoates, natamycin, sulfites, acetic acid and sodium acetate among
others. Propionates include calcium propionate, sodium propionate
which are widely used in the food and feed industry. Benzoates
include sodium benzoate, benzoic acid, sorbic acid, sorbates,
potassium sorbate which are used in the feed industry. Mold
inhibitors are used in a wide range of industries such as food which
include baked goods, beverages, and dairy products, feed which
comprises aquafeed, poultry & swine. Other industries include
paints, cosmetics, pharmaceuticals, paper, wood, and leather among
others.
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The
feed industry has been growing rapidly with the rising consumption of
meat. Growth of the aquaculture market due to high demand for fish in
food and non-food applications is one of the primary reasons expected
to drive the aqua feed market during the forecast period. Moreover,
an increase in consumption of fish is likely to boost the demand for
aquaculture, thereby driving the demand for aqua feed. Asia Pacific
is expected to dominate the aqua feed industry in the next few years
due to significant growth in the aquaculture industry owing to
certain factors such as ease of availability of natural resources,
induced conditions for aquaculture and cheap labor.
The
global industry for mold inhibitors is expected to grow rapidly in
the food industry. It is fuelled by the growing popularity of
beverages and baked goods globally. Several factors such as growing
health concerns from interaction with molds as well as increasing
demand for food preservatives have been some of the major growth
factors for the mold inhibitors market. As development of mold is a
major issue in the feed and food products, consumers are focusing
towards products which have an extended shelf life, thereby reducing
the possibility of molds. Other factors such as rising disposable
income of the individuals and several disease outbreaks in the past
regarding molds are expected to contribute towards the growing demand
of mold inhibitors over the forecast period.
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However,
increasing prices of certain raw materials and concerns due to
harmful effects on human body from the use of certain inhibitors is
expected slow-down the growth of the market. Increasing focus from
artificial mold inhibitors to natural mold inhibitors as well
focusing on market expansion in emerging regions such as Asia Pacific
is expected to provide new opportunities for the growth of the
market.
Archer
Daniels Midland Company, BASF SE, DuPont and Pacific Coast Chemicals
are some of the key companies involved in the manufacturing of mold
inhibitors.
This
research report analyzes this market on the basis of its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
North
America
Asia
Pacific
Europe
Rest
of the World
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report provides comprehensive analysis of
Market
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Factors
limiting market growth
Current
market trends
Market
structure
Market
projections for upcoming years
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