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Starter Cultures Market: Size, Trends, Growth Analysis, and Future Projections
Starter Cultures Global Market Report 2024
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According to The Business Research Company's, The starter cultures market size has grown strongly in recent years. It will grow from $1.29 billion in 2023 to $1.37 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to expansion of dairy and beverage industries, consumer education initiatives, sustainability and eco-friendly production, increased research and development, rise in vegan and plant-based alternatives.
The starter cultures market size is expected to see strong growth in the next few years. It will grow to $1.78 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to market expansion in emerging economies, increasing demand for probiotics, expanding fermented foods market, health and wellness trends, clean label and natural ingredients preference. Major trends in the forecast period include research and development initiatives, regulatory support and safety standards, globalization and cultural exchange, culinary experimentation and innovation, technological advancements.
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Market Drivers and Trends:
increasing consumer interest in probiotics and fermented products is significantly contributing to the growth of the starter culture market. Probiotics refers to living microorganisms applied or ingested with the intention of providing health benefits. Starter cultures play a fundamental role in the production of probiotics, contributing to the development of fermented foods and beverages that offer various health benefits. For instance, according to February 2022 consumer survey conducted by Chr. Hansen a Denmark-based supplier of bacteria cultures, probiotics, enzymes and human milk oligosaccharides, 75% of those polled said they were very or somewhat familiar with probiotics, and 48% said they take supplements or eat other foods containing probiotics on a daily or nearly daily basis. Therefore, the increasing consumer interest in probiotics and fermented products will drive the starter cultures market.
Technological advancement is a key trend gaining popularity in the starter cultures market. 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. This allows manufacturers to create yogurt with indulgent appeal to facilitate cost-effective and streamlined yogurt production.
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Major Key Players of the Market:
Chr. Hansen Holding A/S, Lactina Ltd., Lallemand Inc., Koninklijke DSM N.V., Sacco System S.r.l., LB Bulgaricum AD, International Flavors & Fragrances Inc., Biochem Srl, Dalton Pharma Services S.r.l., Wyeast Laboratories Inc., THT S.A., Mad Millie Pty Ltd, Futura Ingredients AB, Angel Yeast Co. Ltd., Biena Inc., BDF Natural Ingredients S.L., Benebios Inc., Benny Impex, Mediterranea Biotecnologie Srl, Genesis Laboratories Inc., Bioprox Healthcare SAS, Codex-ing Biotech Ingredients Inc., DowDuPont Inc., Sacco S.r.l., CSK Food Enrichment B.V., Danisco A/S, Lesaffre et Compagnie, Lake International Technologies, DSM Food Specialties B.V., Abiasa Corporativo S.A. de C.V.
Starter Cultures Market 2024 Key Insights:
• The starter cultures market size is expected to see strong growth in the next few years. It will grow to $1.78 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%.
• Rising Global Demand For Dairy Products Spurs Robust Growth In The Starter Cultures Market
• Technological Advancements Propel Innovation In The Starter Cultures Market, Enhancing Yogurt Production Efficiency
• Europe was the largest region in the starter cultures market in 2023
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