The clean label mold inhibitors from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Clean Label Mold Inhibitors Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size -
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 in the historic period can be attributed to a rise in consumer demand for natural ingredients, increased health consciousness, regulatory pressures for cleaner food labels, technological advancements in food preservation, growing awareness of food safety, the expansion of organic and natural food markets, and the influence 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%. The growth in the forecast period can be attributed to regulatory pressures, advancements in preservation technology, expanding product applications, higher awareness of food safety, and the trend towards organic and non-GMO products. Major trends in the forecast period include advancements in formulation technologies, rising regulatory support for clean label products, growing adoption in the bakery industry, heightened focus on shelf-life extension, escalating health-conscious consumer behaviors, and a surge in innovative ingredient sourcing.
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Scope Of Clean Label Mold Inhibitors Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Clean Label Mold Inhibitors Market Overview
Market Drivers -
The growing food industry is expected to propel the growth of the clean label mold inhibitor market going forward. The food industry refers to the complex network of businesses and activities involved in the production, processing, distribution, and sale of food products. The food industry is rising because of factors such as biofuel growth, population growth, and rising energy prices. Clean-label mold inhibitors are derived from natural sources and are used to extend the shelf life of food products without compromising their quality or safety. For instance, in April 2024, according to the Australian Bureau of Statistics, an Australian government statistical agency, sales of food and non-alcoholic beverages in Australia's supermarkets, grocery stores, convenience stores, and specialty food stores amounted to 15.1 million metric tons in the fiscal year 2021–22, showing a surge compared to the 14.8 million metric tons sold in the preceding fiscal year of 2020–21. Therefore, the growing food industry is expected to propel the growth of the clean label mold inhibitor market going forward.
Market Trends -
Major companies operating in the clean label mold inhibitors market are developing innovative products, such as clean-label preservatives, to better serve customers with advanced features. Clean-label preservatives are natural or minimally processed ingredients used to extend the shelf life of food products while maintaining transparent and consumer-friendly labeling. For instance, in July 2023, BioVeritas LLC, a US-based bio-based ingredients startup launched a clean-label mold inhibitor that preserves the flavor and texture of finished products. This innovative ingredient is produced through a proprietary upcycling and fermentation process that utilizes excess biomass to create propionic acid, a natural preservative commonly used in the baked goods industry. It also offers enhanced cost efficiency and a reduced carbon footprint due to its lower recommended dosage and the use of biomass instead of petrochemicals.
The clean label mold inhibitors market covered in t
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