Global Starter Cultures market report 2024, Forecast To 2033
4 Mar, 2024
The starter cultures market size has seen strong growth, increasing from$1.29 billion in 2023 to$1.37 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The expansion in the historic period is attributed to the growth of the dairy and beverage industries, consumer education initiatives, sustainability and eco-friendly production methods, increased research and development, and the rise in demand for vegan and plant-based alternatives. Looking ahead, the market is expected to witness robust growth, reaching$1.78 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The projected growth is driven by market expansion in emerging economies, increasing demand for probiotics, the expanding fermented foods market, health and wellness trends, and preferences for clean label and natural ingredients. Major trends in the forecast period include research and development initiatives, regulatory support and safety standards, globalization and cultural exchange, culinary experimentation and innovation, and technological advancements.
Global Starter Cultures Market Key Driver
Increase in demand for dairy products is driving the growth of the starter cultures market. Dairy products refer to any of the food products made from milk. Starter cultures are key components for the production of fermented dairy foods such as cheese, yogurt, and many other dairy products, therefore the increase in demand for dairy products. For instance, according to the November 2022 data released by Eurostat a Luxembourg-based department of European Union (EU) responsible for analyzing statistics related to EU economy, An estimated 161.0 million tonnes of raw milk were produced on EU farms in 2021, a 0.7 million tonne increase from the previous year. Therefore, in increase in demand for dairy products will drive the growth of the starter cultures market. The starter cultures market is projected to grow to $XX billion by 2023, with further expansion anticipated through 2024 and 2028.
Get A Free Sample Of The Global Starter Cultures Market ReportGlobal Starter Cultures Market Segments
The global starter cultures market covered in this report is segmented –
1) By Microorganism: Bacteria, Yeast, Molds
2) By Composition: Multi-strain Mix, Single strain, Multi-strain
3) By Form: Freeze-Dried, Frozen
4) By Application: Dairy and Dairy Products, Meat and Seafood, Alcoholic Beverages, Other Applications
By Geography: The regions covered in the starter cultures market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Europe was the largest region in the starter cultures market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the starter cultures market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Starter Cultures Industry Players
Chr. Hansen Holding A/S, Lactina Ltd., Lallemand Inc., Koninklijke DSM N.V., Sacco System S.r.l., LB Bulgaricum AD, International Flavors & Fragrances Inc., Biochem Srl, Dalton Pharma Services S.r.l., Wyeast Laboratories Inc., THT S.A., Mad Millie Pty Ltd, Futura Ingredients AB, Angel Yeast Co. Ltd., Biena Inc., BDF Natural Ingredients S.L., Benebios Inc., Benny Impex, Mediterranea Biotecnologie Srl, Genesis Laboratories Inc., Bioprox Healthcare SAS, Codex-ing Biotech Ingredients Inc., DowDuPont Inc., Sacco S.r.l., CSK Food Enrichment B.V., Danisco A/S, Lesaffre et Compagnie, Lake International Technologies, DSM Food Specialties B.V., Abiasa Corporativo S.A. de C.V.
Get The Full Global Starter Cultures Market Report
Starter Cultures Market Overview
Starter culture refers to the preparation of living microorganisms that include a single type or a mixture of two or more microorganisms. It provide foods with specific sensory and nutritional characteristics, and potential health benefits and ensure their safety when added to fermented foods. It is used to assist the initiation of fermentation and bring about desired and predictable changes in the production of various food products.
Starter Cultures Global Market Report 2023 provides data on the global starter cultures market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The starter cultures market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.