Food Cultures Market Report 2024 - Food Cultures Market Size And Demand

"The Business Research Company recently released a comprehensive report on the Global Food Cultures Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The food cultures market size has grown exponentially in recent years. It will grow from $6.63 billion in 2023 to $8.93 billion in 2024 at a compound annual growth rate (CAGR) of 34.7%. The growth in the historic period can be attributed to increasing food scarcity, prices and insufficient supply of food in many regions, increasing demand for immune-boosting products, increase the focus on food safety and infant formula, and increase in the food borne diseases.

The food cultures market size is expected to see exponential growth in the next few years. It will grow to $29.71 billion in 2028 at a compound annual growth rate (CAGR) of 35.1%. The growth in the forecast period can be attributed to increasing the demand for food products, increasing globalization of food culture, increase the shelf life of food products, increase in demand for food, and increase consumption of meat and meat products. Major trends in the forecast period include plant-based and vegan foods, sustainability and eco-consciousness, adventurous and playful flavors, trend support local and seasonal foods, growing interest in preserving and celebrating culinary traditions from various cultures.

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Market Drivers and Trends:
The rise in the prevalence of foodborne diseases is expected to propel the growth of the food culture market going forward. Foodborne diseases are preventable diseases caused by consuming contaminated food or drink, leading to symptoms ranging from mild discomfort to severe and potentially life-threatening conditions. The prevalence of foodborne diseases is due to poor personal hygiene, improper holding temperatures, and contaminated equipment/cross-contamination. Food cultures (FC) contribute to the distinctive sensory characteristics of fermented foods, such as flavor, color, and texture, while also aiding in extending the shelf-life of foods by outcompeting spoilage microbes, reducing food waste and the potential for foodborne illnesses. For instance, in December 2023, according to the European Food Safety Authority, an Italy-based government agency, in 2022, there were 5,763 foodborne outbreaks in the EU, a 44% increase compared with 2021. Therefore, the rise in the popularity of foodborne diseases drives the food culture market.

Major companies operating in the food cultures market are developing innovative products such as VEGA Culture Kit to provide consumers with easy-to-use, high-quality solutions for cultivating various food cultures. The VEGA Culture Kit is a range of customizable starter cultures, probiotics, and bioprotective strains explicitly developed for fermented plant-based yogurt alternatives. For instance, in April 2022, Chr. Hansen, a Denmark-based bioscience company, launched a VEGA SAFEPRO Range for plant-based meat alternatives. The kit is designed to robustly ferment various plant bases, including nuts, cereals, legumes, and seeds, enabling plant-based innovators to create customized and differentiated products in taste, texture, health, and sustainability. The VEGA SAFEPRO cultures can be applied alone or in combination to undergo fermentation. This helps control the growth of unwanted lactic acid bacteria, pathogens, yeast, and mold in plant-based meat products.

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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
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• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Major Key Players of the Market:
Associated British Foods PLC, International Flavours&Fragrances Inc., Kerry Group PLC, Givaudan SA, Angel Yeast Co.Ltd., Corbion NV, Lallemand Inc., Chr.Hansen Holding A/, The TATUA Co-operative Dairy Company Ltd., Cargill Incorporated, Meat Cracks Technologie GmbH, CSK Food Erichment B.V, Azuma Foods International Inc., LB Bulgaricum Ltd., Wyeast Laboratories Inc, E&Olaboratories Ltd., Sacco Srl, Dalton Biotechnologie S.r.l, The Cultured Food Company, Lactina Ltd.

Food Cultures Market 2024 Key Insights:
• The food cultures market size is expected to see exponential growth in the next few years. It will grow to $29.71 billion in 2028 at a compound annual growth rate (CAGR) of 35.1%.
• The Role Of Food Cultures In Mitigating The Rise Of Foodborne Diseases
• Chr. Hansen Innovations To Support Innovative Plant-Based Yogurt Alternatives
• North America was the largest region in the food cultures market in 2023

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This release was published on openPR.