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Global Mold Inhibitors Market: A Palpable Shift toward Clean-label Products is Crystallizing

Press Release   •   Oct 26, 2016 16:42 IST

Delaying mold in food products is a priority for food manufacturers and distributors – a factor that spawned demand for mold inhibitors worldwide. According to a new report by Transparency Market Research (TMR), the global mold inhibitors market is expected to see steady gains in both volume sales and revenues between 2014 and 2020. The study, titled, “Mold Inhibitors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020,” is designed to help companies stay abreast of the latest trends in the market.

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Mycotoxin, a harmful substance produced by mold, can cause mild to severe adverse health effects depending on its type and concentration. The development of mold on food or feed products can translate to massive legal liabilities for companies, especially in the event of the consumption of such food causing health issues. The unstoppable demand for packaged foods will spawn a multimillion-dollar opportunity for the mold inhibitors market.

Although the attention is very gradually shifting back to eating locally produced fresh food, this trend is primarily limited to developed countries. In developing countries, fresh transportation and retail networks are compelling companies to formulate food products that can survive the journey from factory to shopping cart. The mold inhibitors market will gain immensely from this trend, finds TMR. Besides, the aquaculture industry will also be an important end-user sector for companies in the mold inhibitors market.

Besides the food and feed industries, mold inhibitors also witness demand from the leather, pharmaceuticals, wood, paper, cosmetics, paints, and paper industries. This wide spectrum of applications of mold inhibitors will translate to a steady demand for different variants and formulations of mold inhibitors through the forecast period of the report. The report also states that recent outbreaks of disease outbreaks, the cause of which could be traced back to molds, will further stoke demand for mold inhibitors.

Conversely, food regulatory authorities keeping a close watch on the synthetic ingredients that go into the formulation of mold inhibitors will place a drag on the growth of their market. This aspect could be compounded, to some degree, by the noticeable increase in raw material prices of raw materials that are essential to the manufacture of mold inhibiting products.

On the bright side, a recent slew of research and development projects have come up with natural ingredients that can replace their artificial counterparts in mold inhibitors. This will likely serve as a breath of fresh air for mold inhibitors in mature markets where demand is dangerously close to stagnation. Clean-label products in the mold inhibitors market will be a trend to watch out for.

The report profiles companies that have made a remarkable contribution to the progress of the global mold inhibitors market worldwide. Some of these are: BASF SE, Archer Daniels Midland Company, and Pacific Coast Chemicals, DuPont. 

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