Natural Antimicrobial Agents Market Report Overview
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The global natural antimicrobial agents market size was USD 136.7 million in 2022 and is projected to touch USD 197.5 million by 2031, exhibiting a CAGR of 4.2% during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with the natural antimicrobial agents market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
Natural antimicrobial agents are substances derived from natural sources that have the ability to inhibit the growth or kill microorganisms such as bacteria, viruses, fungi, or parasites. These agents possess antimicrobial properties due to the presence of bioactive compounds that exhibit inhibitory effects on microbial growth.
These agents can be found in various forms, including plants, animals, microorganisms, and minerals. They have been used for centuries in traditional medicine and various applications, including food preservation, healthcare, personal care products, and agriculture.
The market is predicted to witness a higher growth rate over the forecast period due to its potential effectiveness against microorganisms and their perceived safety compared to synthetic antimicrobial agents. Furthermore, the market is split by type, by application, and by regional expansion of the market. On the basis of the type of product, plant extracts are the most prevalent type of product. On the other hand, skincare, and haircare are the most popular application segment to spike the demand for the product.
COVID-19 Impact: Increased Demand for Infection Prevention and Hygiene Products Aid the Market
The COVID-19 pandemic spurted the demand for natural antimicrobial agents particularly, during the second wave of the omicron virus transmission. This surge in demand is primarily driven by the recognition of the natural therapeutic properties found in these agents. As a result, there was a substantial rise in the demand for hygiene products such as hand sanitizers, disinfectants, and antimicrobial soaps that incorporate natural antimicrobial agents. This trend created a significant boost in the market for products utilizing natural agents worldwide, particularly during the global health emergency. As a result, the demand for natural antimicrobial products is projected to rise steadily as consumers prioritize products that align with their values and contribute to a more sustainable future.
Latest Trends
"Growing Inclination toward Plant-based and Botanical Extracts Broad the Market Possibility"
The market is witnessing steady growth over the past few years due to emerging trends and research & development in the existing technology. For instance, there is a growing interest in plant-based antimicrobial agents, particularly botanical extracts, due to their broad-spectrum activity and perceived safety. Researchers are exploring the antimicrobial potential of various plant extracts, including those from herbs, spices, and medicinal plants. Besides, combination therapies involving multiple natural antimicrobial agents or a combination of natural and synthetic agents are being explored. This approach aims to enhance efficacy, overcome microbial resistance, and broaden the spectrum of antimicrobial activity which are anticipated to boost the natural antimicrobial agents market growth during the forecast period.
Natural Antimicrobial Agents Market Segmentation
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- By Type Analysis
According to type, the market can be bifurcated into plant extracts, plant derivatives, and others.
- By Application Analysis
Based on application, the market can be divided into skin care, hair care, and others.
Driving Factors
"Increasing Adoption of Natural and Organic Products Fuel the Demand for Antimicrobial Agents"
Consumers are increasingly seeking natural and organic alternatives in various industries, including food and beverages, personal care, and healthcare. This demand is driven by factors such as health consciousness, concerns over synthetic ingredients, and the perception of natural products as being safer and more environmentally friendly which support the market’s growth.
"Growing Awareness of Antimicrobial Resistance Expand the Market Expansion"
The market is also driven by the rising awareness of antimicrobial resistance. Antimicrobial resistance, where microorganisms develop resistance to conventional antimicrobial agents, is a global health concern. Natural antimicrobial agents are being explored as alternatives or adjuncts to synthetic antimicrobials, as they may offer new mechanisms of action and reduce the risk of resistance development.
Restraining Factors
"Limited Availability and Variability of Raw Materials Can Curb the Market Extension"
Despite driving factors, the market’s growth can be slowdown owing to limited availability and variety of raw materials. Sourcing consistent and high-quality raw materials for natural antimicrobial agents can be a challenge. The availability of specific plants, extracts, or other natural sources may be limited which leads to supply chain constraints and potential fluctuations in prices. Thus, this factor cab be restricted the expansion of the market.
Natural Antimicrobial Agents Market Regional Insights
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Europe Dominates the Market due to Strict Regulations on Synthetic Antimicrobial Agents
As per market research, Europe is a significant region in the market. The European market is driven by strict regulations on synthetic antimicrobial agents, growing consumer preference for natural and organic products, and a strong emphasis on sustainable practices. Countries such as Germany, France, and the U.K. are major contributors to the market in the region. Further, in terms of market share, the region accounts for the highest natural antimicrobial agents market share globally. Also, Europe is the largest consumer with more than one-third shares of the market.
Key Industry Players
"Key Players Strive to Expand Market Reach Through Their Global Presence and Distribution Network "
With regard to key players, notable companies play a crucial role to stimulate the market’s growth through their tactics with modern technology. They invest in research and development to innovate and develop new agents, expanding their product portfolios. Strategic partnerships and collaborations also foster knowledge exchange and market access. Some of the key players such as Ashland, Dupont, SEPPIC, and others are the top companies in the market. These players educate consumers, industries, and regulatory bodies about the benefits of natural antimicrobial agents. They ensure regulatory compliance and quality assurance, instilling confidence in customers. Furthermore, key players expand market reach and availability with their global presence and distribution networks. Through these efforts, they drive innovation, raise awareness, ensure product quality, and facilitate market growth.
List of Market Players Profiled
- Ashland
- Dupont
- Evonik
- Chemipol
- Evident Ingredients
- Akema Fine Chemicals
- SEPPIC
- Active Micro Technologies
- Vedeqsa
- Sabinsa
- Minasolve
- Troy Corporation
- Micro Science Tech
Report Coverage
This report defines the natural antimicrobial agents market. It emphasizes the market value, expected CAGR, and USD value over the forecast period, before and after the impact of the COVID-19 pandemic restrictions on the international market, and how the industry is going to turn the corner is also stated in the report. The report provides significant market data with its product type and product applications, end-use details, and an idea of the market growth in the future. This report also provides an understanding of the growing market trends and developments and their effects on the market growth, driving factors along with restraining factors that impact the market dynamics. Along with this, the leading region, key players of the market, and their tactics to beat the market competition, sustainable policies, their collaboration, mergers, companies’ profile, previous years’ revenue, profit & loss, and market position based on their share value in the market, are also explained in the report.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 136.7 Million in 2022 |
Market Size Value By |
US$ 197.5 Million by 2031 |
Growth Rate |
CAGR of 4.2% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the global natural antimicrobial agents market expected to touch by 2031?
The global natural antimicrobial agents market is expected to touch USD 197.5 million by 2031.
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What CAGR is the natural antimicrobial agents market expected to exhibit during 2031?
The natural antimicrobial agents market is expected to exhibit a CAGR of 4.2% over 2031.
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What are the key driving factors of the natural antimicrobial agents market?
The increasing adoption of natural and organic products and growing awareness of antimicrobial resistance are the key driving factors of the natural antimicrobial agents market.
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What are the key players in the natural antimicrobial agents market?
The key players in the natural antimicrobial agents market include: Ashland, Dupont, Evonik, Chemipol, Evident Ingredients, Akema Fine Chemicals, SEPPIC, Active Micro Technologies, Vedeqsa, Sabinsa, Minasolve, Troy Corporation, and Micro Science Tech are top players in the market.
