Colloidal silver refers to a suspension of tiny ultra-fine silver particles with a colloidal base. Over the years, colloidal silver has been used across numerous application areas, ranging from food & beverage processing to pharmaceutical drugs and nutraceutical formulations.
Colloidal silver is often touted as an antibacterial agent and a topical wound dressing. Some also consider it as an effective remedy for common cold, cancer treatment and HIV-AIDS, although research is still underway to determine the same. It is also used as an additive in the food & beverage industry.
Based on these extensive applications, Future Market Insights predicts the colloidal silver market is projected to register healthy growth, registering a CAGR of 9.2% and a value of US$ 1.1 Bn by 2030.
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Growing Awareness about Nutritional Benefits
Colloidal silver has been gaining momentum across the pharmaceutical and food industries respectively. In recent times, lucrative avenues have opened up across the nutraceuticals segment. It is finding new applications in formulating dietary supplements, animal feeds and other areas. This is primarily due to growing dietary imbalance concerns.
Colloidal silver has proven to be instrumental in the development of cognitive abilities and in promoting good health. Colloidal silver manufacturers based supplements claim that their products stimulate the immune system and help the body heal itself. Therefore, the market is expected to be greatly stimulated in the future.
Introduction
Colloidal silver refers to a suspension of tiny ultra-fine silver particles with a colloidal base. Over the years, colloidal silver has been used across numerous application areas, ranging from food & beverage processing to pharmaceutical drugs and nutraceutical formulations.
Colloidal silver is often touted as an antibacterial agent and a topical wound dressing. Some also consider it as an effective remedy for common cold, cancer treatment and HIV-AIDS, although research is still underway to determine the same. It is also used as an additive in the food & beverage industry.
Based on these extensive applications, Future Market Insights predicts the colloidal silver market is projected to register healthy growth, registering a CAGR of 9.2% and a value of US$ 1.1 Bn by 2030.
Growing Awareness about Nutritional Benefits
Colloidal silver has been gaining momentum across the pharmaceutical and food industries respectively. In recent times, lucrative avenues have opened up across the nutraceuticals segment. It is finding new applications in formulating dietary supplements, animal feeds and other areas. This is primarily due to growing dietary imbalance concerns.
Colloidal silver has proven to be instrumental in the development of cognitive abilities and in promoting good health. Colloidal silver manufacturers based supplements claim that their products stimulate the immune system and help the body heal itself. Therefore, the market is expected to be greatly stimulated in the future.
Advent of Nanotechnology for Food Preservation
Nanotechnology has revolutionized food science, particularly preservation and food safety. A wide range of nanomaterials have found applications in the food industry. Nanotechnology also offers beneficial properties on human health than conventional methods. Encapsulation of nutraceuticals enhances bioavailability and stability leading to beneficial effects on humans.
Colloidal silver, owing to its antimicrobial properties, is gaining traction in the food processing sector. The silver nano poly system has proven immensely beneficial in eradicating 99.9% of germs, maintaining antibacterial properties, deodorizing functions as well as freshness in ready to eat packaged foods.
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Credible Opportunities across Emerging Economies
As developing countries experience a positive economic growth, the demand for a robust healthcare industry is rising. Markets such as China, India, Brazil & Mexico are witnessing prolific economic expansion, with consumers enjoying higher disposable incomes.
Consequently, demand for good quality healthcare products and services is on a northward trajectory, uplifting prospects for silver-infused nutritional supplements and pharmaceutical products. Therefore, vendors have established robust links with distributors and established their manufacturing units to cater to this rising demand, broadening growth prospects.
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Stringent Government Regulations Restraining Uptake
Several countries in Europe, besides the U.S. have implemented tough legislations regarding colloidal silver applications across the healthcare & pharmaceutical industries. Studies have concluded that excessive intake of silver leads to argyrosis, causing a bluish-grey tissue discoloration. It also causes myoclonic seizures.
According to the U.S FDA, sound evidence regarding the perceived health benefits of silver consumption are unverified. The agency, in conjunction with the Federal Trade Commission, has taken stringent action against several companies marketing colloidal silver for making unproven health claims. Such trends are likely to impede growth prospects.
Competitive Landscape
According to Future Market Insights, approximately 45-55% of the market belongs to multi-national producers, with prominent players concentrated in North America and Europe. Key producers are investing in online sales and e-Commerce platforms to make products available to all end-use industries, cementing their presence around multiple channels.
Besides these strategies, companies are focusing on offering products with various clean-label certifications such as began, Kosher and many others. They are also working on new product launches, merger & acquisition approach to develop their overall global business.
Some of the prominent players profiled in this report include, but are not limited to:
- Sigma Aldrich (Merck KgaA) (North America)
- Source Naturals (North America)
- Trace Minerals Research Ltd. (North America)
- Alfa Aesar (North America)
- American Elements (North America)
- Strem Chemicals Inc. (North America)
- Laboratorios Argenol (Europe)
- Nano Iron S.R.O (Europe)
- Nano Labs (Asia)
- Reinste Nano Venture Pvt. Ltd. (Asia)
Colloidal Silver Market- Segmental Analysis
Particle Size
- 5-10 nm
- 11-20 nm
- 21-50 nm
- 51-100 nm
- 101-200 nm
Form
- Liquid
- Powder
End-Use
- Healthcare
- Wound Dressings
- Medical Devices
- Pharmaceutical Products
- Others
- Dietary Supplements
- Food & Beverage Processing
- Cosmetics & Personal Care
- Consumer Goods
- Electronics
- Textiles
- Water Treatment
- Paints & Coatings
- Other Industrial
Region
- North America (U.S & Canada)
- Latin America (Brazil, Mexico, Chile, Peru, Argentina & Rest of Latin America)
- Europe (EU-4 (Germany, France, Italy & Spain), U.K, BENELUX, Nordic Countries, Russia, Poland & Rest of Europe)
- East Asia (China, South Korea & Japan)
- South Asia (India, Thailand, Indonesia, Malaysia, Singapore & Rest of South Asia)
- Oceania (Australia & New Zealand)
- Middle East & Africa (Turkey, South Africa, UAE, Saudi Arabia, Kuwait, Qatar, Egypt, Nigeria & Rest of MEA)
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- Is this research conducted by Future Market Insights?
Yes, the colloidal silver market research has been conducted by expert analysts of Future Market Insights through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to the research analyst
- What research methodology is followed by FMI?
FMI follows a methodology that encompasses the demand side assessment of the market, and triangulates the same through a supply side analysis. This methodology is based on use of standard market structure, methods and definitions.
- Who are the respondents for primary research?
FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. For a full list of primary respondents, please reach out to us.
- What are the sources of secondary research?
FMI conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.