PUBLISHER: The Business Research Company | PRODUCT CODE: 1470311
PUBLISHER: The Business Research Company | PRODUCT CODE: 1470311
A starter culture is a microbial preparation which is used to promote and conduct the fermentation process in various foods and alcoholic drinks. It contains one or more microorganisms that produce various enzymes, such as lactase, proteases, peptidases and lipases, to facilitate the rate of a chemical reaction.
The starter cultures market consists of sales of microbial preparation that refer to starter cultures that are used in nearly all commercially produced fermented foods and are used in various food industries, such as dairy, meat and bakery industries. Starter cultures are easy to use and help create delicious, healthy foods.
The global starter cultures market was valued at $1,071.2 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 3.0%.
Rising Consumption Of Healthy Products
The rising consumption of healthy products drove the growth of the starter cultures market during the historic period. In recent years, there has been a significant shift in consumer preferences toward healthier and more natural food choices. Consumers are increasingly looking for products that offer functional benefits, such as improved gut health, immunity and overall well-being. Starter cultures enable the production of foods that align with these health and wellness trends. For instance, according to a study published by the International Food Information Council in 2020, a US-based non-profit organization for health and dietary pattern, 43% of Americans reported following a specific diet or eating pattern, which was an increase from 38% in 2019. This trend aligns with the growing use of mobile health monitoring devices or apps, with nearly 1 in 5 Americans using such tools to track their calorie intake. The study also found a shift towards plant-based diets, with 41% of the surveyed individuals starting to consume protein from plant sources and plant-based meat and dairy alternatives. Therefore, the rising consumption of healthy products supported the growth of the starter cultures market.
Introduction Of New Ingredients Tool Kit For Plant-Based Fermented Products
The introduction of a new plant power tool kit is a key trend gaining popularity in the starter cultures market. Major companies operating in the starter cultures market are developing and introducing new plant tool kits to gain a competitive edge in the market. For example, in May 2023, DSM, the Netherlands based company offering nutrition, health and sustainable living-based products and services, introduced an extensive, functional ingredients toolkit for plant-based fermented products, such as yogurt alternatives. The toolkit is aimed at helping manufacturers create plant-based products that meet consumer expectations for taste, texture and health benefits, while also simplifying the product development process and accelerating time to market. The Plant Power Toolkit includes a range of ingredients such as enzymes, cultures, hydrocolloids, proteins and nutritional solutions.
The global starter cultures market is concentrated, with a few number of large players operating in the market. The top ten competitors in the market made up to 48.1% of the total market in 2022.
Starter Cultures Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global starter cultures market as it emerges from the COVID-19 shut down.
Where is the largest and fastest-growing market for starter cultures? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The starter cultures market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider starter cultures market; and compares it with other markets.
Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by microorganism, by composition, by form and by application.
Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
The report provides an analysis of the impact of the Russia-Ukraine war, impact of the COVID-19 pandemic and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the starter cultures market.
Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by microorganism, by composition, by form and by application in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
This section includes recommendations for starter cultures providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.