Starter Cultures Market Size, Share, And Growth Rate Analysis 2023
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
The Business Research Company’s starter cultures market report forecasts the starter cultures market size to grow to $1.62 Billion by 2027, with a CAGR (compound annual growth rate) of more than 5%.
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Starter Cultures Market Size Forecast
The global starter cultures market is expected to grow from $1.22 billion in 2022 to $1.29 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global starter cultures market is expected to grow to $1.62 billion in 2027 at a CAGR of 5.8%.
Europe held the largest starter cultures market share, and Asia-Pacific was the fastest-growing region in 2022.
Key Starter Cultures Market Driver – Increase In Demand For Dairy Products
For instance, according to the United States Department of Agriculture (USDA), a US government department, the per capita consumption pounds PP (pounds per person) of American-type cheese in the US has increased from 15.5 pounds PP in 2019 to 15.6 pounds PP in 2020, yogurt from 13.4 pounds PP in 2019 to 13.8 pounds PP in 2020, and butter from 6.2 pounds PP in 2019 to 6.3 pounds PP in 2020. Therefore, an increase in demand for dairy products is driving the starter cultures market.
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Key Starter Cultures Market Trend – Technological Advancement
Major players operating in the market are developing advanced technologies that enables the manufacturers to create stirred yogurt. For Instance, DSM, a Netherlands based company offering nutrition, health and sustainable living-based products and services launched the Delvo®Fresh YS-042 starter culture. This product unique features involve enabling manufacturers to produce stirred yoghurt that is extremely mild, creamy, and thick for the duration of its shelf life without the use of texturizers or added proteins. This allows manufacturers to create yogurt with indulgent appeal to facilitate cost-effective and streamlined yogurt production.
Starter Cultures Market Segment
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
Starter Cultures Market Major Players and Strategies
Major players in the starter cultures 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.
In August 2021, Angel Yeast, a China-based manufacturer and distributor of yeast and other products, acquired Shandong Bio Sunkeen Co, Ltd. for an undisclosed amount. With this agreement, Angel yeast will upgrade and develop its technological capabilities while also acquiring the pertinent assets of Bio Sunkeen’s yeast product production. Through this acquisition, Angel Yeast aims to increase industry consolidation and solidify its position while also optimising its production capacity. Shandon Bio Sunkeen Co, Ltd. is a China-based high-tech enterprise that integrates R&D production and sales and it produces various yeast extracts and other culture mediums.
The Starter Cultures Global Market Report 2023 covers regional data on starter cultures market size, starter cultures market trends and drivers, opportunities, strategies, and starter cultures market competitor 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.
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.
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