What Is The Definition Of The Global Clean Label Mold Inhibitors Market?
Clean label mold inhibitors refer to a class of additives used in food products to prevent mold growth without compromising the taste, texture, or nutritional value of the product. These mold inhibitors are derived from natural sources and are designed to meet the growing consumer demand for transparency and health-conscious choices. They are often used in the baking industry to extend the shelf life of products without affecting their sensory profile.
Clean Label Mold Inhibitors Global Market Report 2024 provides data on the global clean label mold inhibitors market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The clean label mold inhibitors market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Are The Projections Exist For The Global Clean Label Mold Inhibitors Market Size And Annual Growth Rates?
The clean label mold inhibitors market has witnessed rapid growth, with projections indicating an increase from $1.57 billion in 2023 to $1.72 billion in 2024, reflecting a CAGR of 10.0%. This growth can be attributed to rising consumer demand for natural ingredients, heightened health consciousness, regulatory pressures for cleaner food labels, advancements in food preservation technology, increasing awareness of food safety, the expansion of organic and natural food markets, and the influence of social media on consumer preferences. The market is expected to continue its rapid expansion, growing to $2.54 billion by 2028 at a CAGR of 10.1%. This growth will be fueled by regulatory pressures, advancements in preservation technologies, broader product applications, increased awareness of food safety, and the growing trend towards organic and non-GMO products. Trends to watch include advancements in formulation technologies, rising regulatory support for clean label products, expanding adoption in the bakery industry, an increased focus on shelf-life extension, a surge in health-conscious consumer behaviors, and innovations in ingredient sourcing.
Which Key Drivers Are Propelling The Clean Label Mold Inhibitors Market's Growth?
The expanding food industry is anticipated to drive the growth of the clean label mold inhibitor market. The food industry encompasses the entire process of producing, processing, distributing, and selling food products, and it is growing due to factors such as the rise in biofuels, population growth, and energy price increases. Clean-label mold inhibitors, derived from natural sources, help extend food shelf life while preserving quality and safety. For example, in April 2024, the Australian Bureau of Statistics reported that food and non-alcoholic beverage sales in Australian supermarkets, grocery stores, and other outlets increased by 15.1 million metric tons in the 2021–22 fiscal year. Thus, the growing food industry is expected to drive the clean label mold inhibitor market.
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What Are The Key Segments Within The Global Clean Label Mold Inhibitors Market?
The clean label mold inhibitors market covered in this report is segmented –
1) By Ingredient: Vinegar, Starch, Whey, Fermented Flour, Other Ingredients
2) By Source: Plants, Animals, Microorganisms
3) By End-User: Food And Beverages, Pharmaceuticals, Animal Feed, Personal Care And Cosmetics, Other End-Users
How Are New Trends Impacting The Size Of The Clean Label Mold Inhibitors Market?
Companies in the clean label mold inhibitors market are focusing on the development of clean-label preservatives to better serve their customers. Clean-label preservatives are natural or minimally processed ingredients that extend food shelf life while ensuring transparency and consumer-friendly labeling. For instance, in July 2023, BioVeritas LLC, a US-based bio-based ingredients company, launched a clean-label mold inhibitor made from propionic acid. This product, produced through upcycling and fermentation processes, preserves the flavor and texture of baked goods, offers better cost efficiency, and reduces carbon footprint due to its lower dosage requirement and use of biomass instead of petrochemicals.
Which Region Drives The Highest Growth In The Clean Label Mold Inhibitors Market?
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.
