Latin America Nisin Market Size & Outlook, 2023-2030
The nisin market in Latin America is expected to reach a projected revenue of US$ 80.5 million by 2030. A compound annual growth rate of 4.4% is expected of Latin America nisin market from 2024 to 2030.
Revenue, 2023 (US$M)
$59.6
Forecast, 2030 (US$M)
$80.5
CAGR, 2024 - 2030
4.4%
Report Coverage
Latin America
Latin America nisin market, 2018-2030 (US$M)
Latin America nisin market highlights
- The Latin America nisin market generated a revenue of USD 59.6 million in 2023.
- The market is expected to grow at a CAGR of 4.4% from 2024 to 2030.
- In terms of segment, meat, poultry & seafood products was the largest revenue generating application in 2023.
- Meat, Poultry & Seafood Products is the most lucrative application segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 59.6 million |
| Market revenue in 2030 | USD 80.5 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Meat, poultry & seafood products |
| Fastest growing segment | Meat, Poultry & Seafood Products |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Meat, Poultry & Seafood Products |
| Key market players worldwide | DSM, DuPont Nutrition & Biosciences, Cayman Chemical, Siveele, Mayasan, Handary |
Other key industry trends
- In terms of revenue, Latin America region accounted for 11.9% of the global nisin market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 225.0 million by 2030.
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Nisin Market Scope
Nisin market segmentation & scope
Dairy Products
Beverages
Bakery & Confectionery Products
Canned & Frozen Food Products
Others
Countries
Argentina
Brazil
Denmark
France
Germany
Italy
Norway
Sweden
Spain
UK
Canada
Mexico
U.S.
Kuwait
Saudi Arabia
South Africa
UAE
Australia
China
India
Japan
South Korea
Thailand
Nisin Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America nisin market
Related regional statistics
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