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Global Starter Cultures Market Outlook 2023-2032: Insights on Potential Growth, Emerging Trends, Increasing Demand, and Prospects || Chr. Hansen A/S, Lactina Ltd., Lallemand Inc., Koninklijke DSM N.V., Sacco System
Starter Cultures Market
The Business Research Company's Starter Cultures Global Market Report 2023 identifies the increase in demand for dairy products as the major driver for the starter cultures market's growth in the forecast period. Dairy products refer to any of the food products made from milk. Starter cultures are key components for the production of fermented dairy foods such as cheese, yogurt, and many other dairy products, therefore the increase in demand for dairy products. For instance, according to the United States Department of Agriculture (USDA), a US government department, the per capita consumption pounds PP (pounds per person) of American-type cheese in the US has increased from 15.5 pounds PP in 2019 to 15.6 pounds PP in 2020, yogurt from 13.4 pounds PP in 2019 to 13.8 pounds PP in 2020, and butter from 6.2 pounds PP in 2019 to 6.3 pounds PP in 2020.
The global starter cultures market size is expected to grow from $1.22 billion in 2022 to $1.29 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global starter cultures market is expected to grow to $1.62 billion in 2027 at a CAGR of 5.8%.
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Major competitors in the starter cultures market are Chr. Hansen A/S, Lactina Ltd., Lallemand Inc., Koninklijke DSM N.V., Sacco System, LB Bulgaricum, International Flavors & Fragrances Inc., Biochem Srl, Dalton Biotecnologie, Wyeast Laboratories Inc., THT, Mad Millie, Futura Ingredients, Angel Yeast.
A key trend in the starter cultures market includes technological advancement. Major players operating in the market are developing advanced technologies that enables the manufacturers to create stirred yogurt. For Instance, DSM, a Netherlands based company offering nutrition, health and sustainable living-based products and services launched the Delvo®Fresh YS-042 starter culture. This product unique features involve enabling manufacturers to produce stirred yoghurt that is extremely mild, creamy, and thick for the duration of its shelf life without the use of texturizers or added proteins.
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The Starter Cultures market is segmented -
• By Microorganism: Bacteria, Yeast, Molds
• By Composition: Multi-strain Mix, Single strain, Multi-strain
• By Form: Freeze-Dried, Frozen
• By Application: Dairy and Dairy Products, Meat and Seafood, Alcoholic Beverages, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the starter cultures market.
The Business Research Company's "Global Starter Cultures Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Starter Cultures Market Include:
1. Executive Summary
2. Starter Cultures Market Characteristics
3. Starter Cultures Market Trends And Strategies
4. Starter Cultures Market - Macro Economic Scenario
5. Starter Cultures Market Size And Growth
……………
27. Starter Cultures Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Starter Cultures Market
29. Starter Cultures Market Future Outlook And Potential Analysis
30. Appendix
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