02-Mar-2021 | Zion Market Research
As per the researchers at Zion Market Research, the valuation of the global starter culture market in 2018 was about USD 919 million and is anticipated to reach about USD 1,299 million by 2025, expanding at about 5.2% CAGR during the forecast period. Few of the prominent players in the global starter culture market comprise Lesaffre Group, Angel Yeast CO. Limited, CSK Food Enrichment B.V., Lallemand Inc, Dohler Group, Wyeast laboratories Inc., Danisco A/S, and Lactina Limited, among others. These market contenders have implemented several approaches such as mergers & acquisitions and new product launches to enhance their market status.
Rising Demand For Non-Alcoholic And Alcoholic Beverages To Boost Market Growth
The growth of the global starter culture market is primarily driven by factors such as the rising demand for non-alcoholic and alcoholic beverages. Besides the growing requirement from the food & beverage sector, the rising healthcare alertness among the customers is another key factor expected to drive the growth of the global starter culture market during the forecast period. Furthermore, technological innovations in the starter culture market, for instance, genetically modified start cultures, are projected to fuel the market expansion. On the other end, strict rules on microorganisms and the settings related to their growth along with the changing cost of raw material are expected to hamper the market growth.
Freeze-Dried Segment, Based On Product Form, Expected To Witness Considerable Growth
The global starter culture market is bifurcated based on application, microorganism, form, composition, and region. based on form, the market is divided into frozen and freeze-dried. Among these, the freeze-dried segment is anticipated witness substantial growth during the forecast period. Freeze-dried cultures are simpler to transport and maintain while also keeping up the cultures’ stability. They are reasonably priced and easier to store, without the requirement for considerable additional cold-chain support. Based on application, the starter culture market is categorized into seafood, meat & poultry products, dairy & dairy products, and others. based on microorganism, the starter culture market is classified into molds, yeasts, and bacteria. Based on composition, the market is categorized into single strain, multi-strain mix, and multi-strain.
Latin America And Asia Pacific Anticipated To Display Greatest Market Growth
Based on region, the global starter culture market was ruled by Europe on account of its high demand for alcoholic beverages. Further, over the forecast period, Latin America and Asia Pacific are projected to display maximum market growth as a result of high demand for non-alcoholic and alcoholic beverage in emerging countries such as China, Brazil, and India. Also, high demand for nutritional beverages in North America is anticipated to drive growth in this region.
Browse the full “Starter Culture Market - By Application (Meat & Seafood And Dairy & Dairy-Based Products), By Microorganism (Yeasts, Bacteria, And Molds), By Form (Frozen And Freeze-Dried), By Composition (Single Strain, Multi-Strain Mix, And Multi-Strain), And By Region- Global Industry Perspective, Comprehensive Analysis, And Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/starter-culture-market
The global starter culture market is segmented as follows:
By Product Form
By Target Microorganism
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