The clean label mold inhibitors market has surged, growing from $1.57 billion in 2023 to $1.72 billion in 2024, registering a CAGR of 10.0%. Growth drivers include consumer demand for natural ingredients, regulatory pressures for clean labels, and advancements in food preservation technology. The market is expected to reach $2.54 billion by 2028, driven by the expansion of organic and natural foods, increased food safety awareness, and the preference for non-GMO products. Key trends include innovative ingredient sourcing, regulatory support, and clean label product adoption in the bakery industry.
Major Driver In The Clean Label Mold Inhibitors Market
The expanding food industry is set to drive the growth of the clean label mold inhibitor market. The food industry, encompassing production, processing, distribution, and sale, is growing due to developments in biofuels, population increases, and rising energy prices. Clean-label mold inhibitors, derived from natural sources, extend the shelf life of food products while maintaining their quality and safety. For instance, the Australian Bureau of Statistics reported in April 2024 that food and non-alcoholic beverage sales in Australian stores reached 15.1 million metric tons in the fiscal year 2021–22, up from 14.8 million metric tons in 2020–21. Thus, the expanding food industry is expected to drive the clean label mold inhibitor market.
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Clean Label Mold Inhibitors Market Competitive Landscape
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
Key Clean Label Mold Inhibitors Market Trend
In the clean label mold inhibitors market, companies are developing advanced products such as clean-label preservatives to meet growing consumer demands for transparency. Clean-label preservatives extend food shelf life while maintaining clear labeling. For instance, in July 2023, BioVeritas LLC, a US-based bio-based ingredients startup, launched a clean-label mold inhibitor produced through a proprietary upcycling and fermentation process. This ingredient, which utilizes excess biomass to create propionic acid, offers cost efficiency and a reduced carbon footprint, making it a sustainable choice for the baked goods industry.
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Clean Label Mold Inhibitors Market Segmentation
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
By Geography:The regions 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.
North America was the largest region in the clean label mold inhibitors market in 2023.
The Clean Label Mold Inhibitors Global Market Report 2024 furnishes information about the global clean label mold inhibitors market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
