Global Cultures Market Growth 2023-2029

Global Cultures Market Growth 2023-2029

Microbial food cultures include yeasts, bacteria, moulds used in the production of various food products including food including dairy products, fermented food products, probiotic food products and processed food products. In the recent years, probiotic cultures have gained popularity in dairy products due to the health benefits offered by these cultures. Probiotic cultures are being used on a large scale in food products as it helps in improving digestive system and protects the immune system.
LPI (LP Information)' newest research report, the “Cultures Industry Forecast” looks at past sales and reviews total world Cultures sales in 2022, providing a comprehensive analysis by region and market sector of projected Cultures sales for 2023 through 2029. With Cultures sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cultures industry.
This Insight Report provides a comprehensive analysis of the global Cultures landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cultures portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Cultures market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cultures and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cultures.
The global Cultures market size is projected to grow from US$ 1165.8 million in 2022 to US$ 1904.3 million in 2029; it is expected to grow at a CAGR of 1904.3 from 2023 to 2029.
The top players cover Kerry, DSM, DuPont, Chr. Hansen, CSK, Lallemand, Sacco System, Soyuzsnab, Frutarom, Biochem SRL, LB Bulgaricum, Bioprox, Wecare-Bio, Anhui Jinlac Biotech, etc. The Top 3 players in Global Cultures market sales was 57.83% in 2019, while the share of top 5 players was 64.79%. Chr. Hansen is the leading supplier of Cultures, the production of which reached 1233 MT in 2019, accounting for about 34.60% of the Global market. The market is fragmented, also each company owns a broad product portfolio. Except policy affect, downstream demand is the key influence factor to the market.
This report presents a comprehensive overview, market shares, and growth opportunities of Cultures market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Starter Cultures
Adjunct Cultures
Other Probiotic
Segmentation by application
Dairy and Dairy-based Products
Meat Product
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Kerry
DSM
DuPont
Chr. Hansen
CSK
Lallemand
Sacco System
Soyuzsnab
Frutarom
Biochem SRL
LB Bulgaricum
Bioprox
Wecare-Bio
Anhui Jinlac Biotech

Key Questions Addressed in this Report
What is the 10-year outlook for the global Cultures market?
What factors are driving Cultures market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Cultures market opportunities vary by end market size?
How does Cultures break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.