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Global Cultures Market to reach USD 680.9 billion by 2028

Global Cultures Market Size study, by Type (Starter, Adjunct, Probiotic, Other types), by Application (Beverages, Sauces, dressings, and condiments, Bakery & Confectionery, Dried Processed Food, Sweet & Savoury Snacks, Frozen and Chilled processed food, Other Application) and Regional Forecasts 2022-2028

Product Code: OIRFB-22950535
Publish Date: 30-04-2022
Page: 200

Global Cultures Market is valued at approximately USD 154.5 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 23.60% over the forecast period 2022-2028. Cultures is majorly used in beverages, sauces, dressings and condiments, bakery & confectionery, dried processed food etc. It is available in various types such as starter, adjunct, probiotic, and others etc. The increasing consumption of dairy products has led to the adoption of Cultures across the forecast period. For Instance: According to the Organization for Economic Cooperation and Development (OECD) in 2020, the consumption and production of milk is rising globally. The source states that India and Pakistan are the largest consumer of milk and the largest producer globally. India’s production is increased by 4.2 % to 192 Mt. As per the same source, the Russian Federation, Mexico, Japan, the Middle East, and North Africa will continue to be significant importers of dairy products. Rising consumer awareness about clean label products enhances the growth of Cultures Market. Also, with the increasing investment towards milk products, the adoption & demand for Cultures is likely to increase the market growth during the forecast period. However, fluctuating prices impede the growth of the market over the forecast period of 2022-2028.

The geographical regions considered for the Global Cultures Market analysis include Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is deemed as the significant region across the globe in terms of huge market share due to the growing demand for dairy products and increasing milk consumption. Whereas, Asia-Pacific is also estimated to attain a maximum growth rate during 2022-2028. Factors such as rising disposable income, increasing awareness towards nutritional value in dairy products would create beneficial growth forecasts for the Cultures market across Asia-Pacific region.

Major market players included in this report are:
Chr Hansen (Denmark)
DowDuPont (US)
Sacco S.R.L (Italy)
CSK Food Enrichment B.V. (Netherlands)
THT S.A. (Belgium)
Dalton Biotechnologies (Italy)
Biochem S.R.L (Italy)
Meat Cracks Technology GmbH (Germany)
Royal DSM N.V. (Netherlands)
Bioprox (France)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Starter
Adjunct
Probiotic
Other types
By Application:
Beverages
Sauces, dressings, and condiments
Bakery & Confectionery
Dried Processed Food
Sweet & Savoury Snacks
Frozen and Chilled processed food
Other Applications
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Cultures Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Global Cultures Market, by Region, 2020-2028 (USD Billion)
1.2.2. Global Cultures Market, by Type, 2020-2028 (USD Billion)
1.2.3. Global Cultures Market, by Application, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Cultures Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Cultures Market Dynamics
3.1. Cultures Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Increasing consumption of dairy products
3.1.1.2. Rising consumer awareness about clean label products
3.1.2. Market Challenges
3.1.2.1. Fluctuating prices
3.1.3. Market Opportunities
3.1.3.1. Increasing investment towards milk products
Chapter 4. Global Cultures Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2019-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Cultures Market, by Type
6.1. Market Snapshot
6.2. Global Cultures Market by Type, Performance – Potential Analysis
6.3. Global Cultures Market Estimates & Forecasts by Type, 2019-2028 (USD Billion)
6.4. Cultures Market, Sub Segment Analysis
6.4.1. Starter
6.4.2. Adjunct
6.4.3. Probiotic
6.4.4. Other types
Chapter 7. Global Cultures Market, by Application
7.1. Market Snapshot
7.2. Global Cultures Market by Application, Performance – Potential Analysis
7.3. Global Cultures Market Estimates & Forecasts by Application, 2019-2028 (USD Billion)
7.4. Cultures Market, Sub Segment Analysis
7.4.1. Beverages
7.4.2. Sauces, dressings, and condiments
7.4.3. Bakery & Confectionery
7.4.4. Dried Processed Food
7.4.5. Sweet & Savoury Snacks
7.4.6. Frozen and Chilled processed food
7.4.7. Other Applications
Chapter 8. Global Cultures Market, Regional Analysis
8.1. Cultures Market, Regional Market Snapshot
8.2. North America Cultures Market
8.2.1. U.S. Cultures Market
8.2.1.1. Type breakdown estimates & forecasts, 2019-2028
8.2.1.2. Application breakdown estimates & forecasts, 2019-2028
8.2.2. Canada Cultures Market
8.3. Europe Cultures Market Snapshot
8.3.1. U.K. Cultures Market
8.3.2. Germany Cultures Market
8.3.3. France Cultures Market
8.3.4. Spain Cultures Market
8.3.5. Italy Cultures Market
8.3.6. Rest of Europe Cultures Market
8.4. Asia-Pacific Cultures Market Snapshot
8.4.1. China Cultures Market
8.4.2. India Cultures Market
8.4.3. Japan Cultures Market
8.4.4. Australia Cultures Market
8.4.5. South Korea Cultures Market
8.4.6. Rest of Asia Pacific Cultures Market
8.5. Latin America Cultures Market Snapshot
8.5.1. Brazil Cultures Market
8.5.2. Mexico Cultures Market
8.6. Rest of The World Cultures Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Chr Hansen (Denmark)
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. DowDuPont (US)
9.2.3. Sacco S.R.L (Italy)
9.2.4. CSK Food Enrichment B.V. (Netherlands)
9.2.5. THT S.A. (Belgium)
9.2.6. Dalton Biotechnologies (Italy)
9.2.7. Biochem S.R.L (Italy)
9.2.8. Meat Cracks Technology GmbH (Germany)
9.2.9. Royal DSM N.V. (Netherlands)
9.2.10. Bioprox (France)
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
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