Data from market research conducted by Future Market Insights (FMI) shows that the Cultures Market generated sales of nearly USD 1.3 billion in 2022.
The Global Cultures Market represents a fragmented landscape. The top companies hold a market share of up to 25% in the global cultures market. The brisk adoption of starter cultures for alcoholic & non-alcoholic beverages’ production is contributing significantly to the cultures’ market growth. There is also a profitable prospect projected for freeze-dried cultures through 2032. Regionally, Asia-Pacific is going to experience a consistent rise in sales of cultures and is supposed to outrank the European cultures market through 2032.
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Fermented foods have become popular in recent years giving way to a profitable market of food cultures. Functional dairy products have created huge competition among microbial culture companies. Probiotics and functional foods are the latest trends in the market capturing the world across, from the US to developing regions. Microbial culture is also having affinity from the manufacturers due to the growing acceptance of the bio-preservation process, which is a great alternative to chemical and physical preservation.
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 2022-2032. By the end of 2026, bakery & confectionery is estimated to surpass US$ 366,600 million revenue.
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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Region-wise the market is segmented into Japan, Asia Pacific Excluding Japan (APEJ), Latin America, the Middle East and Africa (MEA), North America, and Europe.
- 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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Key Questions Answered in the Report
- How much is the Cultures market currently worth?
- At what CAGR is the market expected to grow?
- How was the performance in the last five years?
- What are the key trends boosting Cultures sales?
- How are market players reacting to the new developments in the market?
- Which are the major countries driving demand for cultures?
- Who are the major players in Cultures Market?
- What outlook does APEJ provide?
- At what level does the report reflect pricing analysis?
Future Market Insights
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