May 24, 2021
According to the research report titled ‘Global Protective Cultures Market Size study, by Product Form (Freeze-Dried, Frozen); Target Microorganism (Yeasts and Molds, Bacteria); Composition (Single-Strain, Multi-Strain, Multi-Strain Mixed); Application (Dairy and Dairy Products, Meat and Poultry Products, Seafood, Others) and Regional Forecasts 2020-2027’, available with Market Study Report, global protective cultures market was valued at USD 124.96 million in 2019 and is projected to expand at 23.6% CAGR over 2020-2027, amassing USD 680.96 million by the end of the forecast timeframe.
As per the report, increasing consumer inclination towards natural and clean-label goods are primarily driving global protective cultures market growth.
For those unversed, protective cultures are microbial cultures that comprise bacteria which possess the ability to prevent pathogenic and unwanted microorganisms from growing. Notably, the US FDA (Food and Drug Administration) has given these cultures a commonly considered healthy (GRAS) status.
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Food processors are increasingly adopting protective cultures due to the growing necessity of long-lasting products. Furthermore, surging demand for natural and preservative-free goods, rising acceptance of frozen crops and frozen dry products, along with increasing intake of dairy products are likely to augment worldwide protective cultures industry share.
For the record, Statista cites that India consumed the most cow milk globally, consuming over 81 million metric tons of milk. The European Union stood second in terms of milk consumption, with 33.3 million metric tons of milk consumed. Hence, with the sustained for dairy products in such regions, the demand for protective culture will likely grow in the upcoming years.
Additionally, innovative product development is likely to enhance the industry remuneration in the upcoming years. For instance, Chr. Hansen, a Danish bioscience company, introduced new defense crop products in 2017, primarily for cheese and yogurt applications. Chr. Hansen's protection culture aims to eliminate synthetic and artificial preservatives that are used to prolong the shelf life of cheese and yogurt products.
On the downside, hefty cost associated with protective cultures is anticipated to hamper the remuneration scope of the industry.
Regionally, Europe holds presently considerable portion of global protective cultures market share, attributable to escalating demand for milk products and growing efforts to increase production.
On the other hand, Asia Pacific industry is poised to amass high returns by the year 2027, owing to surging demand for dairy products along with rising cognizance regarding protective cultures among the populace of developing economies like China and India