Published on : Aug 01, 2018
Albany, New York, August 1, 2018: According to the study findings of a latest report, the cultures market is anticipated to surge at a notable CAGR in the coming years. There are various factors contributing towards this market growth. To pour more light on this, Market Research Hub (MRH) has publicized a study titled “Cultures Market: Global Industry Analysis 2012-2016 & Opportunity Assessment 2017-2026” to its massive online repository, which revolves around the current scenario of global cultures market with reference to the growth trajectory of the market in the past and in the future. The growth drivers, opportunities, and challenges for the global market have been discussed in the research report to give a clear understanding to the readers and investors.
For a clear understanding, the market has been analyzed on the basis of geographical segregation into some prime regions such as Latin America, Japan, North America, APEJ, Europe and MEA. According to the research evaluations, the market is anticipated to increase at a CAGR of 4.1% between 2017 and 2026. Rising at this pace, the global market for cultures is projected to reach US$ 1,514,969.6 million in terms of revenue by the end of 2026.
Initially, the research study talks about microbial food cultures market overview covering its definition, market size, y-o-y growth and market dynamics. Microbial food cultures primarily include yeasts, bacteria, molds used in the production of various food products including dairy products, fermented food products, probiotic food products and processed food products. It has been analyzed that a substantial increase in the food-borne diseases worldwide is driving the demand for microbial food cultures.
One of the prime reason behind its market growth includes; they help in preserving food, remove toxic compounds, thus ensuring food safety. The organisms used in food cultures also offer health benefits to fermented food products. The analysts have also observed that cultures are likely to find the largest application in bakery & confectionery during the forecast 2017-2026. It helps in abolishing microbial spoilage of bakery products, thereby increasing its shelf-life. Moreover, increasing demand for various bakery & confectionery food products is driving the market for cultures.
As the research proceeds, the market summary is followed by a systematic market segmentation which is a logical division of the global market on the basis of product type and application. By product type, the study covers starter, adjunct, probiotic, and other product types. Of these, starter is likely to emerge as one of the top-selling product between 2017 and 2026. Based on application, beverages, Sauces, dressings, and condiments, bakery & confectionery, dried processed food, sweet & savoury snacks, frozen and chilled processed food are studied. Also, the research finds that Europe is likely to dominate the global market for cultures in terms of geography, driven by increasing demand for fermented foods, and rising health concerns related to the microbial infections.
The last piece of the report incorporates the vendor competition scene of the worldwide cultures market. Some of the key companies in the market include Cargill, KF Specialty Ingredients, DuPont, Ashland Inc., Royal DSM, Tate & Lyle, Kerry Group, Chr. Hansen, Ingredion, Naturex, and Evonik.
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