The Latin America, Middle East and Africa Mold Inhibitor Market would witness market growth of 8.4% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Mold Inhibitor Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $42.1 million by 2031. The Argentina market is showcasing a CAGR of 9.2% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 8% during (2024 - 2031).
There is a growing trend towards personalized solutions in the market, with the development of tailored products to address the distinct requirements of various industries and applications. Manufacturers are developing customized formulations to tackle specific problems encountered by many industries, such as food preservation, pharmaceutical stability, and long-term building material durability. Personalized inhibitors are designed to provide optimal performance in specific environments, such as high-humidity areas or regions with extreme temperatures, ensuring effective mold prevention under various conditions.
The market is witnessing a surge in innovation as industries strive to develop more effective, sustainable, and versatile solutions to combat mold growth. Scientific and technological developments are opening up new avenues for developing these inhibitors, leading to innovative solutions with many uses and improved effectiveness. For example, nanotechnology is revolutionizing the market by enhancing the effectiveness of mold inhibition at the molecular level.
As Brazil's food processing industry expands, ensuring food safety and quality becomes increasingly crucial. Mold contamination can lead to significant economic losses and health risks. Therefore, food processors will invest more in effective inhibitors to ensure their products meet safety standards and quality expectations. This will boost the demand for advanced inhibitors that offer reliable protection. According to the United States Department of Agriculture, the country’s food processing sector registered revenues of US$208 billion in 2022, an increase of 16.6 percent compared to 2021. The result represents 10.8 percent of the national GDP. The sector comprises over 38,000 companies, most of which are small and medium-sized industries. With a high livestock population in UAE comes a greater need for these inhibitors in animal feed to prevent mold growth and maintain feed quality. This increased demand for these inhibitors in the livestock sector is expected to drive growth in the market. According to the Ministry of Climate Change & Environment, the United Arab Emirates has a significant wealth of livestock. The total number of camels in the country is estimated at 450,000, while sheep and goat herds are estimated at about 5 million, thus, constituting an important component of both food security and the national economy. Hence, increasing food processing industry and high livestock population in the region is driving the growth of the market.
Free Valuable Insights: The Worldwide Mold Inhibitor Market is Projected to reach 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 OthersBased on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- DuPont de Nemours, Inc.
- BASF SE
- Eastman Chemical Company
- Kerry Group PLC
- Koninklijke DSM N.V.
- Archer Daniels Midland Company
- Lanxess AG
- Kemin Industries, Inc.
- Corbion N.V.
- Merck KGaA
LAMEA Mold Inhibitor Market Report Segmentation
By Type
- Benzoates
- Sorbates
- Propionates
- Parabens
- Others
By Application
- Pharmaceuticals
- Food & Beverage
- Animal Feed
- Cosmetics & Personal Care
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Mold Inhibitor Market, by Type
1.4.2 LAMEA Mold Inhibitor Market, by Application
1.4.3 LAMEA Mold Inhibitor Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. LAMEA Mold Inhibitor Market by Type
4.1 LAMEA Benzoates Market by Country
4.2 LAMEA Sorbates Market by Country
4.3 LAMEA Propionates Market by Country
4.4 LAMEA Parabens Market by Country
4.5 LAMEA Others Market by Country
Chapter 5. LAMEA Mold Inhibitor Market by Application
5.1 LAMEA Pharmaceuticals Market by Country
5.2 LAMEA Food & Beverage Market by Country
5.3 LAMEA Animal Feed Market by Country
5.4 LAMEA Cosmetics & Personal Care Market by Country
5.5 LAMEA Others Market by Country
Chapter 6. LAMEA Mold Inhibitor Market by Country
6.1 Brazil Mold Inhibitor Market
6.1.1 Brazil Mold Inhibitor Market by Type
6.1.2 Brazil Mold Inhibitor Market by Application
6.2 Argentina Mold Inhibitor Market
6.2.1 Argentina Mold Inhibitor Market by Type
6.2.2 Argentina Mold Inhibitor Market by Application
6.3 UAE Mold Inhibitor Market
6.3.1 UAE Mold Inhibitor Market by Type
6.3.2 UAE Mold Inhibitor Market by Application
6.4 Saudi Arabia Mold Inhibitor Market
6.4.1 Saudi Arabia Mold Inhibitor Market by Type
6.4.2 Saudi Arabia Mold Inhibitor Market by Application
6.5 South Africa Mold Inhibitor Market
6.5.1 South Africa Mold Inhibitor Market by Type
6.5.2 South Africa Mold Inhibitor Market by Application
6.6 Nigeria Mold Inhibitor Market
6.6.1 Nigeria Mold Inhibitor Market by Type
6.6.2 Nigeria Mold Inhibitor Market by Application
6.7 Rest of LAMEA Mold Inhibitor Market
6.7.1 Rest of LAMEA Mold Inhibitor Market by Type
6.7.2 Rest of LAMEA Mold Inhibitor Market by Application
Chapter 7. Company Profiles
7.1 DuPont de Nemours, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 SWOT Analysis
7.2 BASF SE
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 SWOT Analysis
7.3 Eastman Chemical Company
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 SWOT Analysis
7.4 Kerry Group PLC
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.4.5 SWOT Analysis
7.5 Koninklijke DSM N.V.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 SWOT Analysis
7.6 Archer Daniels Midland Company
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.7 Lanxess AG
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expenses
7.7.5 SWOT Analysis
7.8 Kemin Industries, Inc.
7.8.1 Company Overview
7.8.2 SWOT Analysis
7.9 Corbion N.V.
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expenses
7.9.5 SWOT Analysis
7.10. Merck KGaA
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expense
7.10.5 SWOT Analysis
TABLE 1 LAMEA Mold Inhibitor Market, 2020 - 2023, USD Million
TABLE 2 LAMEA Mold Inhibitor Market, 2024 - 2031, USD Million
TABLE 3 LAMEA Mold Inhibitor Market by Type, 2020 - 2023, USD Million
TABLE 4 LAMEA Mold Inhibitor Market by Type, 2024 - 2031, USD Million
TABLE 5 LAMEA Benzoates Market by Country, 2020 - 2023, USD Million
TABLE 6 LAMEA Benzoates Market by Country, 2024 - 2031, USD Million
TABLE 7 LAMEA Sorbates Market by Country, 2020 - 2023, USD Million
TABLE 8 LAMEA Sorbates Market by Country, 2024 - 2031, USD Million
TABLE 9 LAMEA Propionates Market by Country, 2020 - 2023, USD Million
TABLE 10 LAMEA Propionates Market by Country, 2024 - 2031, USD Million
TABLE 11 LAMEA Parabens Market by Country, 2020 - 2023, USD Million
TABLE 12 LAMEA Parabens Market by Country, 2024 - 2031, USD Million
TABLE 13 LAMEA Others Market by Country, 2020 - 2023, USD Million
TABLE 14 LAMEA Others Market by Country, 2024 - 2031, USD Million
TABLE 15 LAMEA Mold Inhibitor Market by Application, 2020 - 2023, USD Million
TABLE 16 LAMEA Mold Inhibitor Market by Application, 2024 - 2031, USD Million
TABLE 17 LAMEA Pharmaceuticals Market by Country, 2020 - 2023, USD Million
TABLE 18 LAMEA Pharmaceuticals Market by Country, 2024 - 2031, USD Million
TABLE 19 LAMEA Food & Beverage Market by Country, 2020 - 2023, USD Million
TABLE 20 LAMEA Food & Beverage Market by Country, 2024 - 2031, USD Million
TABLE 21 LAMEA Animal Feed Market by Country, 2020 - 2023, USD Million
TABLE 22 LAMEA Animal Feed Market by Country, 2024 - 2031, USD Million
TABLE 23 LAMEA Cosmetics & Personal Care Market by Country, 2020 - 2023, USD Million
TABLE 24 LAMEA Cosmetics & Personal Care Market by Country, 2024 - 2031, USD Million
TABLE 25 LAMEA Others Market by Country, 2020 - 2023, USD Million
TABLE 26 LAMEA Others Market by Country, 2024 - 2031, USD Million
TABLE 27 LAMEA Mold Inhibitor Market by Country, 2020 - 2023, USD Million
TABLE 28 LAMEA Mold Inhibitor Market by Country, 2024 - 2031, USD Million
TABLE 29 Brazil Mold Inhibitor Market, 2020 - 2023, USD Million
TABLE 30 Brazil Mold Inhibitor Market, 2024 - 2031, USD Million
TABLE 31 Brazil Mold Inhibitor Market by Type, 2020 - 2023, USD Million
TABLE 32 Brazil Mold Inhibitor Market by Type, 2024 - 2031, USD Million
TABLE 33 Brazil Mold Inhibitor Market by Application, 2020 - 2023, USD Million
TABLE 34 Brazil Mold Inhibitor Market by Application, 2024 - 2031, USD Million
TABLE 35 Argentina Mold Inhibitor Market, 2020 - 2023, USD Million
TABLE 36 Argentina Mold Inhibitor Market, 2024 - 2031, USD Million
TABLE 37 Argentina Mold Inhibitor Market by Type, 2020 - 2023, USD Million
TABLE 38 Argentina Mold Inhibitor Market by Type, 2024 - 2031, USD Million
TABLE 39 Argentina Mold Inhibitor Market by Application, 2020 - 2023, USD Million
TABLE 40 Argentina Mold Inhibitor Market by Application, 2024 - 2031, USD Million
TABLE 41 UAE Mold Inhibitor Market, 2020 - 2023, USD Million
TABLE 42 UAE Mold Inhibitor Market, 2024 - 2031, USD Million
TABLE 43 UAE Mold Inhibitor Market by Type, 2020 - 2023, USD Million
TABLE 44 UAE Mold Inhibitor Market by Type, 2024 - 2031, USD Million
TABLE 45 UAE Mold Inhibitor Market by Application, 2020 - 2023, USD Million
TABLE 46 UAE Mold Inhibitor Market by Application, 2024 - 2031, USD Million
TABLE 47 Saudi Arabia Mold Inhibitor Market, 2020 - 2023, USD Million
TABLE 48 Saudi Arabia Mold Inhibitor Market, 2024 - 2031, USD Million
TABLE 49 Saudi Arabia Mold Inhibitor Market by Type, 2020 - 2023, USD Million
TABLE 50 Saudi Arabia Mold Inhibitor Market by Type, 2024 - 2031, USD Million
TABLE 51 Saudi Arabia Mold Inhibitor Market by Application, 2020 - 2023, USD Million
TABLE 52 Saudi Arabia Mold Inhibitor Market by Application, 2024 - 2031, USD Million
TABLE 53 South Africa Mold Inhibitor Market, 2020 - 2023, USD Million
TABLE 54 South Africa Mold Inhibitor Market, 2024 - 2031, USD Million
TABLE 55 South Africa Mold Inhibitor Market by Type, 2020 - 2023, USD Million
TABLE 56 South Africa Mold Inhibitor Market by Type, 2024 - 2031, USD Million
TABLE 57 South Africa Mold Inhibitor Market by Application, 2020 - 2023, USD Million
TABLE 58 South Africa Mold Inhibitor Market by Application, 2024 - 2031, USD Million
TABLE 59 Nigeria Mold Inhibitor Market, 2020 - 2023, USD Million
TABLE 60 Nigeria Mold Inhibitor Market, 2024 - 2031, USD Million
TABLE 61 Nigeria Mold Inhibitor Market by Type, 2020 - 2023, USD Million
TABLE 62 Nigeria Mold Inhibitor Market by Type, 2024 - 2031, USD Million
TABLE 63 Nigeria Mold Inhibitor Market by Application, 2020 - 2023, USD Million
TABLE 64 Nigeria Mold Inhibitor Market by Application, 2024 - 2031, USD Million
TABLE 65 Rest of LAMEA Mold Inhibitor Market, 2020 - 2023, USD Million
TABLE 66 Rest of LAMEA Mold Inhibitor Market, 2024 - 2031, USD Million
TABLE 67 Rest of LAMEA Mold Inhibitor Market by Type, 2020 - 2023, USD Million
TABLE 68 Rest of LAMEA Mold Inhibitor Market by Type, 2024 - 2031, USD Million
TABLE 69 Rest of LAMEA Mold Inhibitor Market by Application, 2020 - 2023, USD Million
TABLE 70 Rest of LAMEA Mold Inhibitor Market by Application, 2024 - 2031, USD Million
TABLE 71 Key Information –DuPont de Nemours, Inc.
TABLE 72 Key Information – BASF SE
TABLE 73 Key Information – Eastman Chemical Company
TABLE 74 Key Information – Kerry Group PLC
TABLE 75 Key Information – Koninklijke DSM N.V.
TABLE 76 Key Information – Archer Daniels Midland Company
TABLE 77 Key Information – Lanxess AG
TABLE 78 Key Information – Kemin Industries, Inc.
TABLE 79 Key Information – Corbion N.V.
TABLE 80 key Information – Merck KGaA
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Mold Inhibitor Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Mold Inhibitor Market
FIG 4 Porter’s Five Forces Analysis – Mold Inhibitor Market
FIG 5 LAMEA Mold Inhibitor Market share by Type, 2023
FIG 6 LAMEA Mold Inhibitor Market share by Type, 2031
FIG 7 LAMEA Mold Inhibitor Market by Type, 2020 - 2031, USD Million
FIG 8 LAMEA Mold Inhibitor Market share by Application, 2023
FIG 9 LAMEA Mold Inhibitor Market share by Application, 2031
FIG 10 LAMEA Mold Inhibitor Market by Application, 2020 - 2031, USD Million
FIG 11 LAMEA Mold Inhibitor Market share by Country, 2023
FIG 12 LAMEA Mold Inhibitor Market share by Country, 2031
FIG 13 LAMEA Mold Inhibitor Market by Country, 2020 - 2031, USD Million
FIG 14 Swot Analysis: DuPont de Nemours, Inc.
FIG 15 SWOT Analysis: BASF SE
FIG 16 SWOT Analysis: Eastman Chemical Company
FIG 17 SWOT Analysis: KERRY GROUP PLC
FIG 18 SWOT Analysis: Koninklijke DSM N.V
FIG 19 SWOT Analysis: Archer Daniels Midland Company
FIG 20 Swot Analysis: Lanxess AG
FIG 21 Swot Analysis: Kemin Industries, Inc.
FIG 22 SWOT Analysis: Corbion N.V.
FIG 23 Swot Analysis: Merck KGaA