PUBLISHER: Allied Market Research | PRODUCT CODE: 1414985
PUBLISHER: Allied Market Research | PRODUCT CODE: 1414985
According to a new report published by Allied Market Research, titled, "Food Cultures Market," The food cultures market was valued at $47.7 billion in 2022, and is estimated to reach $75.8 billion by 2032, growing at a CAGR of 4.8% from 2023 to 2032.
Food cultures are microorganisms that are used in the food and beverage industry to alter or add flavor, texture, and taste to food and beverage products. The global food cultures market is anticipated to witness significant growth in the upcoming years owing to the growing demand for clean-label food products among global consumers. The rising health consciousness among consumers due to the rising obesity and overweight, increasing prevalence of lifestyle diseases, and growing consumer awareness regarding the ill-effects of chemically processed food on health. The consumers especially in North America and Europe, are increasingly focusing on the consumption of natural and clean-label food and drinks, which is expected to foster the demand for the food cultures market.
Moreover, the growing demand for processed food in developing nations like China and India is fueling the demand for food cultures. The growth in the penetration of food processors at the domestic level in developing economies is expected to drive the food cultures market growth owing to the extensive use of food cultures in the food processing industry.
Moreover, a significant increase in the demand for functional food is fostering the demand for food cultures. Functional foods, which include probiotic yogurt, kefir, and fermented goods, are gaining prominence due to their supposed benefits for gastrointestinal health and maintaining overall gut health. The growing consumer awareness regarding the health benefits of functional food is boosting the growth of the food cultures market.
However, the cost fluctuations of microbial cultures may hamper market growth. Microbial food cultures, such as bacteria and yeast strains, are essential in the fermentation and manufacturing of a wide range of food items, including dairy, bread, and fermented drinks. These cultures are critical for improving flavor, appearance, and longevity on shelves, making them an essential part of the food business. However, the costs of growing and sustaining microbial cultures might fluctuate due to variables such as supply chain interruptions, raw material pricing, and manufacturing procedures. These cost differences can have a substantial influence on food production economics, resulting in increased operating expenditures and potentially lowering profit margins.
North America dominated the market in 2022 and is expected to sustain its dominance during the forecast period. A significant shift in consumer behavior toward the consumption of healthier food and beverage products has been fostering market growth in the region. Furthermore, the higher demand for processed food and functional beverages in North America is driving the market growth exponentially.
The food cultures market is analyzed on the basis of product, function, application, and region. By product, the market is classified into starter cultures, protective cultures, and probiotic cultures. On the basis of function, the market is segmented into flavoring, preservatives, texture, and others. Depending on the application, the market is categorized into dairy, meat, beverage, and others. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and the rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, South Africa, and rest of LAMEA).
Chr. Hansen Holding A/S, Angel Yeast Co., Ltd., E&O Laboratories, Lallemand, Inc., Wyeast Laboratories, Koninklijke DSM N.V., International Flavors & Fragrances Inc., Lactina Ltd., Dohler GmbH, and LB Bulgaricum Ltd. are the major companies profiled in the food cultures market report. These players are constantly engaged in various developmental strategies such as partnerships, mergers, acquisitions, and new product launches to gain a competitive edge and exploit the prevailing market opportunities.