(I-BusinessNews.Com, July 30, 2020 ) The global starter culture market size is projected to grow from USD 964 million in 2019 to USD 1,314 million by 2025, at a CAGR of 5.3%. The use of starter culture has been increasing with the rising production and consumption of dairy-based products such as cheese, yogurt, butter and creams, fermented milk, and kefir.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=213083494
Based on product form, the freeze-dried segment is projected to be the more substantial contributor in the starter culture market during the forecast period
The starter culture market has been segmented based on product form into freeze-dried and frozen. The demand for freeze-dried cultures is projected to record higher CAGR between 2018 and 2023. Freeze-dried cultures are easier to maintain and transport while also maintaining the stability of the cultures. They are easier to store and are comparatively inexpensive, without the need for significant additional cold-chain support.
Consumer awareness regarding the benefits of starter culture drives the market for dairy & dairy products
The starter culture market is segmented on application into dairy & dairy products, meat & poultry products, seafood, and others. The dairy & dairy products segment is dominant in the application segment due to the growth of starter cultures in the cheese industry. The demand for dairy and dairy-based products is projected to record the highest CAGR between 2019 and 2025 with the growing demand for dairy-based products across the world.
Europe is projected to account for the largest starter culture market share by 2025.
Europe is projected to account for the largest market share by 2025. The region has some of the leading manufacturers of starter cultures in this world. The combined output of the EU-28 countries in the global dairy industry contributes 44% to global dairy production. Also, the overall starter culture market in Europe is driven by the growing demand for fermented dairy-based products.
The report includes a study of the marketing and development strategies, along with the product portfolios, of the leading companies. It includes profiles of leading companies such as CHR Hansen (Denmark), DowDuPont (US), Sacco S.R.L (Italy), CSK Food Enrichment B.V. (Netherlands), THT S.A. (Belgium), Dalton Biotechnologies (Italy), Biochem S.R.L (Italy), Mediterranea Biotechnologie SRL (Italy), Royal DSM N.V (Netherlands), and LB Bulgaricum (Bulgaria).
MarketsandMarketsÂ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companiesÂ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarketsÂ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarketsÂ are tracking global high growth markets following the “Growth Engagement Model Â GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarketsÂ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarketsÂ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarketsÂs flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra