PUBLISHER: Orion Market Research | PRODUCT CODE: 1363932
PUBLISHER: Orion Market Research | PRODUCT CODE: 1363932
Title: Global Protective Cultures Market Size, Share & Trends Analysis Report by Product Type (Freeze-Dried, and Frozen), by Microorganism (Yeasts and Molds, and Bacteria), and by Composition (Single Strain, Multi-Strain, and Multi-Strain Mixed), and by Application (Dairy & dairy products, Meat & poultry products, Seafood, and Others)Forecast Period (2023-2030).
The global protective cultures market is anticipated to grow at a CAGR of 17.6% during the forecast period (2023-2030). The market's growth is attributed to development of the food supply chain. The requirement for dairy products to have a longer period of preservation in order to endure transportation and distribution over large distances is increasing as food supply networks turns into increasingly globalized. Protective cultures are essential for satisfying this desire. Accordingly, market players are coming up with new products to cater the demand for bioprotective cultures. For instance, in March 2022, DSM launched four new Delvo®Guard bioprotective cultures, providing yogurt producers the ability to organically increase shelf life while retaining exceptional taste and texture. The new cultures offer a cost-effective method to raise the quality and security of dairy products owing to contain naturally occurring dairy bacteria.
The global protective cultures market is segmented on the product type, microorganism, composition and application. Based on the product type, the market is sub-segmented into freeze-dried, and frozen. Based on the microorganism, the market is sub-segmented into yeasts and molds, and bacteria. Based on the composition, the market is sub-segmented into single strain, multi-strain, and multi-strain mixed. Further, on the basis of application, the market is sub-segmented into dairy & dairy products, meat & poultry products, seafood, and others. Among the composition, the multi-strain sub-segment is anticipated to hold a considerable share of the market the lack of necessity for using multiple single-strain cultures owing to the reality that each microorganism in the cultures performs specific tasks.
Among the product type, the Freeze-dried sub-segment is expected to hold a considerable share of the global protective cultures market. The segmental growth is attributed to the protective cultures carefully preserved to increase their shelf life owing to highly unstable when stored. Protective cultures that have been freeze-dried are thought to be the most practical for use in a variety of sectors. In addition to their long-term storage and handling advantages, freeze-dried cultures continue to be growing in popularity.
The global protective cultures market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, Asia-Pacific is anticipated to hold a prominent share of the market across the globe, owing to the raising awareness of food and safety.
Among all regions, the North America regions is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to rise in the demand for meat and poultry products. A rising demand for meat and poultry products is indicated by the estimate that American consumers are expected to have access to 224.6 pounds of red meat and poultry in 2022. Increasing manufacturing and processing can arise from this increasing demand, opening doors for protective microorganisms to contribute to the preservation of the products. For instance, in April 2022, according to the US Department of Agriculture, it indicates that on a per capita retail weight basis, American consumers are projected to have access to 224.6 pounds of red meat and poultry in 2022. This estimate is 10.3 pounds more than the 2012-21 average and 0.2 pounds less compared to last year.
The major companies serving the protective cultures market include Aristomenis D. Phikas & Co SA, Biochem Pharma, BioVox, CB Information Services, Inc., DSM and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in 2022, Kerry Group plc the acquired the Bioiberica SAU biotech company, the company has the ability to broaden its selection of food protection products and offer innovative products to satisfy the changing demands of the food sector.