The Starter Cultures Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Starter Cultures Global Market Report 2024, The starter cultures market size has grown strongly in recent years. It will grow from $1.29 billion in 2023 to $1.37 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to expansion of dairy and beverage industries, consumer education initiatives, sustainability and eco-friendly production, increased research and development, rise in vegan and plant-based alternatives..
The starter cultures market size is expected to see strong growth in the next few years. It will grow to $1.78 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to market expansion in emerging economies, increasing demand for probiotics, expanding fermented foods market, health and wellness trends, clean label and natural ingredients preference.. Major trends in the forecast period include research and development initiatives, regulatory support and safety standards, globalization and cultural exchange, culinary experimentation and innovation, technological advancements.
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.
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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
Technological advancement is a key trend gaining popularity in the starter cultures market. 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.
The starter cultures market report table of contents includes:
- Executive Summary
- Starter Cultures Market Characteristics
- Starter Cultures Market Trends And Strategies
- Starter Cultures Market – Macro Economic Scenario
- Global Starter Cultures Market Size and Growth
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- Global Starter Cultures Market Competitive Benchmarking
- Global Starter Cultures Market Competitive Dashboard
- Key Mergers And Acquisitions In The Starter Cultures Market
- Starter Cultures Market Future Outlook and Potential Analysis
- Appendix
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