Protective Cultures Market worth $292.1 Million by 2023, at a CAGR of 23.6%

(I-BusinessNews.Com, August 12, 2021 ) The report “Protective Cultures Market by Product Form (Freeze-dried and Frozen), Target Microorganism (Yeasts & Molds and Bacteria), Application (Dairy & Dairy Products, Meat & Poultry Products, and Seafood), Composition, and Region – Global Forecast to 2023”, The market for protective cultures is estimated at USD 101.1 million in 2018; it is projected to grow at a CAGR of 23.6% to reach USD 292.1 million by 2023.

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By product form, the freeze-dried segment is projected to be the fastest-growing segment in the market during the forecast period.

The freeze-dried segment in the protective cultures market is projected to grow at a higher CAGR of 23.8% during the forecast period. Protective cultures are highly unstable during storage and need to be preserved well to extend their shelf life. Freeze-dried protective cultures are considered the most convenient form for their application in various industries. Freeze-dried cultures remain increasingly preferred due to long-term storage and handling features.

By target microorganism, the yeast & molds segment is projected to dominate the market during the forecast period.

Microorganisms are recorded as the major contaminants that degrade food products. Fermented products are more prone to spoilage by microorganisms. The common spoilage microorganisms include yeasts, molds, and bacteria. There are certain good bacteria and other microorganisms that, when added to food and beverage products, prevent spoilage by competing with the spoilage microorganisms for nutrients.

By application, the dairy and dairy products segment is projected to dominate the market during the forecast period.

Based on application, the dairy & dairy products segment is expected to dominate the food & beverage protective cultures market due to the wide consumption of dairy products such as cheese, yogurt, and butter across the globe. The cheese industry is also one of the major application areas of protective cultures. Companies such as Chr Hansen and DuPont Danisco have a significant presence in the dairy & dairy products segment with a wide array of dairy protective cultures.

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The multi-strain mixed segment, by composition, is estimated to account for the largest market share, by value, in 2018

Based on composition, the market of multi-strain mixed protective cultures is projected to hold the largest market share by 2023, owing to the fact that each microorganism in these cultures performs specific functions, and hence, there is no need to use multiple single-strain cultures. Europe is projected to grow at the highest CAGR of 23.5% during the forecast period Europe accounted for the largest share of the protective cultures market and was valued at USD 38.4 million in 2017. The dominant status of Europe can be attributed to the strong dairy industry in the region. The combined output of the EU-28 countries in the global dairy industry contributes 44.0% to the global dairy production. According to the USDA, the European Union produced 115.6 million liters of milk in 2017, marking an increase of 2.0% as compared to the previous year’s output.

This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the protective cultures market. It includes the 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), Meat Cracks Technology GmbH (Germany), Royal DSM N.V. (Netherlands), Bioprox (France), Aristomenis D. Phikas & Co SA. (Greece), and Soyuzsnab Group of Companies (Russia).

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