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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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.

Category-wise Insights

5-10 nm Segment to Expand Prolifically

5-10 nm colloidal silver particles is poised to expand prolifically, accounting for a staggering 10.1% CAGR during the forecast period. Such small particles have proven to be highly effective in preventing gastrointestinal bacterial infections, particularly diarrhea.

However, 21-50 nm particle segment will likely retain its hegemony, capturing 22.2% of the market share. Diverse applications across the food & beverage processing, cosmetics & personal care, textiles and water treatment are attributed as key growth drivers.

Powdered Colloidal Silver to Remain Dominant

Powdered colloidal silver is likely to account for over half of the revenue share for potential vendors in the landscape. Growth is underpinned by widespread applications in electrical fields such as fabrication of conductive pastes used in solar cell metallization.

Minor quantities of powdered colloidal silver are used as contacts in electrical switches, and as passive components called multilayer ceramic capacitors (MLCCs), as well as for the production and manufacturing of photovoltaic cells to produce solar energy.

Pharmaceutical Products to Remain at Fore

Pharmaceutical products is anticipated to capture the lion’s share of the colloidal silver market. Various antibiotic and antimicrobial drugs are exploring silver as an effective element to eradicate harmful pathogens from the human body, eventually paving way for potential cures.

The textile industry is poised to expand impressively at a CAGR of 10.8%. Application of liquid colloidal silver solution is known to enhance the antimicrobial properties of the fabric. A concentration of 0.7 ppm silver is considered adequate to enhance the antimicrobial properties.

COVID-19’s Impact on Colloidal Silver Market

Various researchers and healthcare experts have touted colloidal silver-infused drugs as a potential eradicator of the COVID-19 pandemic, although the veracity of these claims have been widely dismissed by regulatory authorities such as the FDA. However, silver-infused external disinfectants have experienced an upsurge in sales during the pandemic.

In Pune, India, a startup named Weinnovate Biosolutions has developed a non-alcoholic, non-inflammable sanitizing solution containing silver nanoparticles. These are projected to prevent the synthesis of viral molecules. It works by preventing synthesis of viral-negative strand RNA and viral budding.

There has been a major uptake in the consumption of silver based dietary supplements since the pandemic’s onset. The belief that silver is a natural immunity booster has prompted consumers to stockpile on silver supplements, thereby leading to an upward incline in their sales.

Moreover, healthcare providers are considering administration of silver nanoparticles with bronchodilators through nebulization to treat COVID-19 positive patients. Based on these developments, the colloidal silver demand is expected to stay afloat in the short-term forecast.

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