Starter Culture Market Overview:
The Starter Culture Market had a value of US$ 0.97 billion in 2018 and is expected to expand at a rate of 6.1% to reach US$ 1.3 billion by 2023. The starter cultures contain microorganisms in an activated or deactivated mode in liquid, dried or frozen form to start the fermentation process. They are useful for metabolic activity and improve the physical and chemical properties of the product in fermentation processes.
The starter culture is a critical component in fermentation that produces alcoholic and non-alcoholic beverages. The fermentation process is the most common inexpensive and well-known method for processing and preserving food, which can meet the increased demand for packaged food and drinks. It also plays a vital role in the dairy, bakery and cheese industries. Various forms of starter cultures are used as an essential ingredient to enhance flavor, color and texture in beverages. Technological advances such as the development in the field of metabolomics and genomics in food microbes have enabled many new applications of starter culture. Additionally, in a modern genetically engineered starter culture, users can select desirable properties and suppress undesirable features.
Market Drivers and Restraints:
The increase in global consumption of alcoholic beverages, the rise in use of alcoholic and non-alcoholic drinks, and the growing demand for beer in developing countries such as Brazil, China and India are the aspects boosting the starter culture market, along with continuous investment in new production technologies. Several initiatives are taken by companies to increase their market share through mergers and acquisitions to increase efficiency and reduce time. The most preferred strategy is the starter culture market. However, the shortage of qualified professionals will be a constraint in the global market.
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Report segmented as
- Alcoholic Beverages (Wine, Beer, Whisky, Vodka, Gin And Tequila),
- Non-Alcoholic Beverages (Cereal-based, Dairy-based, Kombucha)
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Geographically, the global market for starter culture can be divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Europe has the largest market for starter culture, followed by North America and Asia Pacific as a result of increased consumption of alcoholic beverages in industrialized countries. In the Asia-Pacific region, faster growth is predicted due to increased production of whey, beer, wine and other beverages.
Important Market Players:
Significant corporations controlling the global starter culture marketplace are Lallemand Inc, Angel Yeast CO. Ltd, CSK Food Enrichment B.V, Lesaffre Group, Lactina Ltd, Dohler Group, Wyeast laboratories Inc., and Danisco A/S.
The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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