Global Starter Cultures Market Analysis 2023: Size, Share, And Key Trends
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
As per The Business Research Company’s Starter Cultures Global Market Report 2023, the starter cultures market is expected to show significant growth in the forecast period.
Key insights from the starter cultures market forecast include:
- Market Size
The global starter cultures market is projected to reach $1.29 billion in 2023, increasing by a 6.1% CAGR from $1.22 billion in 2022. By 2027, the market is anticipated to expand to $1.62 billion, with a 5.8% CAGR.
- Major Driver
The rising demand for dairy products propels the starter cultures market growth. Dairy products encompass various food items made from milk. For example, the United States Department of Agriculture (USDA) notes an increase in per capita consumption of American-type cheese, yogurt, and butter from 2019 to 2020. This heightened demand for dairy products fuels the starter cultures market expansion.
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- Key Trend
Technological advancement is a prominent trend in the starter cultures market. Leading companies in the industry are innovating, like DSM, a Netherlands-based firm. They introduced Delvo®Fresh YS-042 starter culture, enabling the creation of exceptionally creamy and thick stirred yogurt throughout its shelf life without texturizers or added proteins. This innovation enhances yogurt production efficiency and cost-effectiveness.
- Largest Region
Europe was the largest region in the starter cultures market in 2022.
- Major Players
Major players in the food diagnostics market are Chr. Hansen A/S, Lactina Ltd., Lallemand Inc., Koninklijke DSM N.V., Sacco System, LB Bulgaricum, International Flavors & Fragrances Inc., Biochem Srl, Dalton Biotecnologie, Wyeast Laboratories Inc., THT, Mad Millie, Futura Ingredients, Angel Yeast, Biena, BDF Natural Ingredients S.L., Benebios Inc., Benny Impex, Mediterranea Biotecnologie Srl, Genesis Laboratories, Bioprox Healthcare, and Codex-ing Biotech Ingredients.
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Key Starter Cultures Market Segments
The global starter cultures market 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
The Starter Cultures Global Market Report 2023 provides an in-depth analysis on the starter cultures market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the starter cultures market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
View More Related Reports –
Health Ingredients Global Market Report 2023
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