Global Starter Cultures Market Forecast 2024-2033: Estimated Market Size And Growth Rate
Save up to 30% on The Business Research Company’s comprehensive market research reports for a limited time only!
How Much Growth is Expected for the Starter Cultures Market from 2024 to 2033?
In recent times, the starter cultures market has displayed promising growth. From $1.29 billion in 2023, it will likely climb to $1.37 billion in 2024, exhibiting a compound annual growth rate (CAGR) of 6.2%. The remarkable growth during the historic period is the result of several factors such as the expansion of dairy and beverage sectors, consumer awareness programs, sustainable and green production methods, boosted research and development activities, as well as an upsurge in vegan and plant-derived substitutes.
In the coming years, the market size for starter cultures is projected to experience robust growth, reaching $1.78 billion in 2028 with a compound annual growth rate (CAGR) of 6.7%. This anticipated growth during the forecasted period is due to factors such as emerging market growth, rising demand for probiotics, an increasing fermented foods market, health and wellness trends, and preference for clean labels and natural ingredients. Key trends during this period include initiatives in research and development, regulatory backing and safety standards, globalization and cultural interchange, culinary creativity and innovation, and advancements in technology.
Claim Your Free Sample of the Global Starter Cultures Market Report Today!
https://www.thebusinessresearchcompany.com/sample.aspx?id=8200&type=smp
What Factors Are Encouraging Growth in the starter cultures Market?
The growth of the starter cultures market is being propelled by a rise in demand for dairy products. Dairy products, encompassing any edible items made from milk, require starter cultures for the creation of fermented items like cheese, yogurt, and a host of other products. This, thereby, escalates the need for dairy products. As per the data announced by Eurostat, an EU organization based out of Luxembourg responsible for analyzing statistics pertaining to the EU economy, there was a production of an estimated 161.0 million tonnes of raw milk on EU farms in 2021, signifying a rise of 0.7 million tonnes from the preceding year. Therefore, it’s observed that a surge in the demand for dairy products plays a crucial role in driving the growth of the starter cultures market.
What Are the Notable Segments in the Starter Cultures Market?
The 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
What Trends Are Driving Change in the Starter Cultures Market?
The rise of technological innovation is an emerging trend in the starter cultures market. Leading companies in the sector are developing cutting-edge technologies that assists manufacturers in producing stirred yogurt. For example, DSM, a company based in the Netherlands that provides nutrition, health and sustainable living products and services, introduced the Delvo®Fresh YS-042 starter culture. This product’s unique attributes include the ability for manufacturers to create stirred yoghurt that remains exceptionally smooth, creamy, and dense throughout its shelf life without the necessity of texturizers or additional proteins. This empowers manufacturers to craft indulgent yogurt, leading to more cost-effective and efficient yogurt production processes.
Order Now for Fast Delivery of Your Starter Cultures Market Report!
https://www.thebusinessresearchcompany.com/report/starter-cultures-global-market-report
What Regions Are Contributing Significantly to the Growth of the Starter Cultures Market?
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.
The Starter Cultures Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the starter cultures market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Starter Cultures Market Include
1. Starter Cultures Market Executive Summary
2. Starter Cultures Market Segments
3. Starter Cultures Market Size And Template Market Growth Rate
4. Key Starter Cultures Market Trends
5. Major Starter Cultures Market Drivers
……
25. Key Mergers And Acquisitions In The Starter Cultures Market
26. Top Starter Cultures Companies
27. Starter Cultures Market Opportunities And Strategies
28. Starter Cultures Market, Conclusions And Recommendations
29. Appendix
Discover Related Reports by The Business Research Company:
Polymerase Chain Reaction (PCR) Devices Reagents and Uses Global Market Report 2024
Water-Based Adhesives Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/waterbased-adhesives-global-market-report
Ethylene Propylene (EPDM) Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/ethylene-propylene-epdm-global-market-report
Learn More About The Business Research Company
The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
