Protective Cultures Market Size Worth USD 110.0 Million in 2020: Size, Share, Trend, Comprehensive Research Study, Global Analysis, Product Category and Business Opportunity by Forecast to 2024

Market Scenario

Global Protective Cultures Market is estimated to reach USD 110.0 million in 2019 and is expected to register a CAGR of 21.5% during the forecast period of 2019 to 2024. Protective cultures are microbial cultures containing the bacteria with specific ability to inhibit growth of the pathogenic and spoilage microorganisms. These cultures have been granted the generally regarded as safe (GRAS) status by the United States Food and Drug Administration (FDA). Increasing demand natural and clean-label products is driving the demand for the protective cultures globally. The food processors are increasingly adopting the protective cultures owing to the need for products with long shelf life. Also, consumers are becoming aware regarding high food wastage due to spoilage and mold growths. This also impacts the profit margins of the food processors and thus, to lower the food wastage, the processors are using protective cultures which is subsequently boosting the demand for these products. However, stringent regulations regarding the use of protective cultures and high prices of protective cultures are restraining the growth of the market.

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Segmentation

The global protective cultures market has been segmented based on form, target microorganisms, application, and region.

By form, the global protective cultures industry has been bifurcated into freeze-dried and frozen.

Based on target microorganisms, the global protective cultures industry has been classified as yeast and mold and bacteria.

The global protective cultures market has been studied with regards to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.

The North American protective cultures industry has further been categorized as the US, Canada, and Mexico.

The European protective cultures industry has been divided into Germany, France, Italy, Spain, the UK, and the rest of Europe.

The protective cultures market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific.

Key Players

Chr. Hansen (Denmark)
DowDuPont (US)
DSM (Netherlands)
Sacco S.R.L (Italy)
CSK Food Enrichment B.V. (Netherlands)
THT S.A. (Belgium)
Meat Cracks Technologie GmbH (Germany)
Dalton Biotechnologies S.R.L (Italy)

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Regional Market

The market in Europe is expected to dominate the global market for protective cultures during the forecast period owing to increasing demand for clean label products by the consumers and rising adoption of protective cultures food. The market in Asia-Pacific is projected to register the highest CAGR during the forecast period with the markets in China, Japan, and Australia expected to record a strong growth during the forecast period.

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This release was published on openPR.