Home Press Releases Starter Cultures Market Size Worth $1.80 Billion By 2030 | CAGR: 5.4%

Starter Cultures Market Size Worth $1.80 Billion By 2030 | CAGR: 5.4%

The global starter cultures market size is expected to reach USD 1.80 billion by 2030, according to a new study by Polaris Market Research. The report “Starter Cultures Market Share, Size, Trends, Industry Analysis Report, By Type (Bacterial Culture, Yeast Culture, Mold Culture, Others); By Form; By Application; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The demand for starter cultures is expected to increase in the Asia Pacific region. China accounts for a major share in the Asia Pacific starter cultures, whereas India and South Korea are expected to grow significantly during the forecast period. Consumers in the region are increasingly realizing the importance of healthy eating and are incorporating dairy and meat-based products in their diet for overall wellness.

 

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The different applications of starter cultures include meat & seafood, dairy & dairy-based products, alcoholic & non-alcoholic beverages, and others. The dairy and dairy-based products segment accounted for a significant share in 2021. Dairy-based products include cheese, yogurt, and butter, among others. Increasing concerns regarding healthy living and wellness have encouraged consumers to turn toward dairy-based products. Market players are increasingly introducing premium products with innovative flavors to cater to the growing consumer demands.

 

The different types of starter cultures include bacterial culture, yeast culture, mold culture, and others. The use of bacterial culture offers predictable fermentation time and product yield. Bacterial culture is increasingly being used to develop consistent products with desired flavor, texture, and shelf life. Greater demand for dairy products such as cheese and yogurt, growing awareness regarding health benefits associated with dairy products, and a rise in demand from emerging economies are expected to drive the growth of this segment during the forecast period.

 

The market demand for starter cultures has increased owing to the increasing disposable income of consumers and the rising shift towards healthy and nutritive food and beverages. An increase in market demand for alcoholic and non-alcoholic beverages has also been observed. There has been growing consumption of healthy and nutritive food products owing to rising awareness associated with nutrition, public initiatives against the spread of COVID-19, and an inclination towards preventive healthcare. However, the market has been impaired owing to operational challenges, disruption of the supply chain, and reduced workforce during the pandemic. Manufacturing activities have been halted due to various government regulations across the globe.

 

Starter Cultures Market Report Highlights

  • The bacterial culture segment is expected to grow during the foremast period owing to greater demand for dairy and dairy-based products such as cheese and yogurt.
  • The freeze-dried segment accounted for the largest market share in 2021 owing to its increased application in production of cultured milk, buttermilk, cheese, sour cream, yogurt, sourdough bread, and probiotics among others.
  • The dairy & dairy products segment accounted for a significant share on account of changing consumer behavior and increasing health awareness.
  • Asia-Pacific is expected to grow significantly during the forecast due to increase in disposable income and growth in consumption of healthy food products, drinks, and snacks.
  • The global starter cultures industry is highly competitive owing to the existence of large market players with global presence including Angel Yeast Co Limited, Benny Impex, Biena, Chr. Hansen Holding A/S, CSK Food Enrichment B.V, Danisco A/S, and Dohler Group.

 

Polaris Market Research has segmented the Starter Cultures Market report based on type, form, application, and region:

 

Starter Cultures, Type Outlook (Revenue – USD Billion, 2018 – 2030)

  • Bacterial Culture
  • Yeast Culture
  • Mold Culture
  • Others

Starter Cultures, Form Outlook (Revenue – USD Billion, 2018 – 2030)

  • Frozen
  • Freeze-Dried

Starter Cultures, Application Outlook (Revenue – USD Billion, 2018 – 2030)

  • Meat & Seafood
  • Dairy & Dairy-based Products
  • Alcoholic & Non-alcoholic Beverages
  • Others

Starter Cultures, Regional Outlook (Revenue – USD Billion, 2018 – 2030)

  • North America
    • U.S
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Argentina
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

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