As per the report by Future Market Insights (FMI), the global cultures market is expected to witness moderate growth, registering a CAGR of 4.1% during the forecast period 2016-2026. By the end of 2026, the global cultures market is estimated to bring in US$ 1,514,969.6 million revenue.
Key Highlights in the Global Cultures Market
The global cultures market is segmented on the basis of application, product type, and region. The product type is further segmented into starter, adjunct, probiotic, and other product types. Among the give product types, a starter is expected to see the highest growth during the forecast period. The starter segment is estimated to bring in more than US$ 455,900 million revenue by the end of 2026.
Based on the application, the global cultures market is segmented into beverages, Sauces, dressings, and condiments, bakery & confectionery, dried processed food, sweet & savoury snacks, frozen and chilled processed food, and other applications. Among these, bakery & confectionery segment is expected to be the fastest growing segment in terms of the application during the forecast period 2017-2026. By the end of 2026, bakery & confectionery is estimated to surpass US$ 366,600 million revenue.
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Geographically, the global cultures market is segmented into Japan, Europe, Latin America, Asia Pacific Excluding Japan (APEJ), the Middle East and Africa (MEA), and North America. Europe is expected to witness significant growth during the forecast period. Germany, France, Russia, and the U.K., are anticipated to witness the highest growth in the region. Increasing demand for fermented and probiotic foods, the resulting in the use of microbial food cultures to preserve the food for a long time. Availability of advanced technology and infrastructure is also helping in the research and development of food cultures.
Some of the key companies in the global cultures market include Cargill, Chr. Hansen, DuPont, Royal DSM, Tate & Lyle, Kerry Group, Ashland Inc, Ingredion, Naturex, KF Specialty Ingredients, and Evonik.
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- North America
- Latin America
- Other types
- Sauces, dressings, and condiments
- Bakery & Confectionery
- Dried Processed Food
- Sweet & Savoury Snacks
- Frozen and Chilled processed food
- Other Applications
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Table Of Content:
- Global Economic Outlook
- Global Cultures Market – Executive Summary
- Global Cultures Market Overview
- Global Cultures Market Analysis and Forecast 2012-2026
- North America Cultures Market Size and Forecast, 2012-2026
- Latin America Cultures Market Size and Forecast, 2012-2026
- Europe Cultures Market Size and Forecast, 2012-2026
- Japan Cultures Market Size and Forecast, 2012-2026
- APEJ Cultures Market Size and Forecast, 2012-2026
- MEA Cultures Market Size and Forecast, 2012-2026
- Global Cultures Market Company Share, Competition Landscape and Company Profiles
- Research Methodology
- Secondary and Primary Sources
- Assumptions and Acronyms