The Europe Mold Inhibitor Market would witness market growth of 5.6% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Mold Inhibitor Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $118 million by 2031. The UK market is exhibiting a CAGR of 4.7% during (2024 - 2031). Additionally, The France market would experience a CAGR of 6.4% during (2024 - 2031).
Mold inhibitors play a vital role in the cosmetics and personal care industry by ensuring the safety and quality of various products. Mold in these products can lead to skin infections and other health issues. Creams, lotions, and serums often contain these inhibitors to maintain quality and prevent contamination. Shampoos, conditioners, and styling products use these inhibitors to prevent mold growth and ensure product efficacy. Foundations, powders, and other makeup products require these inhibitors to extend their shelf life and prevent spoilage.
Similarly, these inhibitors protect crops, feed, and storage facilities from agricultural mold contamination. These inhibitors are added to animal feed to prevent mold growth, ensuring the safety and nutritional quality of the feed. These inhibitors are used in crop treatments to prevent mold-related diseases, enhancing crop yield and quality. These inhibitors are applied in grain silos and storage warehouses to prevent mold growth, protecting the quality and safety of stored agricultural products.
The EU produced an estimated 13.0 million tons of poultry meat in 2022. In 2022, the main poultry meat producers in the EU included Poland, representing 21.0% of EU production, with 2.7 million tons. This was followed by Spain at 12.6% with 1.6 million tons, Germany at 11.9% with 1.5 million tons, France at 11.6% with 1.5 million tons, and Italy at 9.3% with 1.2 million tons. With the expansion of the meat industry, there is a heightened focus on quality control and food safety. Ensuring that animal feed is free from mold contamination is crucial for maintaining the health of livestock and the safety of meat products for consumers. This necessity will drive the demand for effective these inhibitors in feed production. Therefore, the increasing meat industry in the region is driving the market's growth.
Free Valuable Insights: The Global Mold Inhibitor Market will Hit USD 2 Billion by 2031, at a CAGR of 6.0%
Based on Type, the market is segmented into Benzoates, Sorbates, Propionates, Parabens, and Others. Based on Application, the market is segmented into Pharmaceuticals, Food & Beverage, Animal Feed, Cosmetics & Personal Care, and Other. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Type
By Application
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