(Food-Beverage-News.Com, December 11, 2018 ) Dairy starter cultures are microorganisms that are intentionally added to milk in order to create a desired outcome in the final product, most often through their growth and fermentation processes. Dairy Cultures are freeze-dried starter cultures that are used for bulk starter preparation. It can be used in yoghurt, Kefir, pasta filata, fermented milk, cheese, and so on. Among various applications, consumption from cheese industry held largest share with 32.02% globally in 2017.
The dairy culture industry is highly concentrated as one company, Chr. Hansen, owns about 45% sales share globally. Global production of dairy culture increased from 4491 MT in 2013 to 5678 MT in 2017, backed with promising dairy market. Production of dairy culture mainly concentrates in Europe and North America presently.
According to this study, over the next five years the Dairy Cultures market will register a 6.1% CAGR in terms of revenue, the global market size will reach US$ 1080 million by 2023, from US$ 760 million in 2017.
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives:
· To study and analyze the global Dairy Cultures consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
· To understand the structure of Dairy Cultures market by identifying its various subsegments. Focuses on the key global Dairy Cultures manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
· To analyze the Dairy Cultures with respect to individual growth trends, future prospects, and their contribution to the total market.
· To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks). To project the consumption of Dairy Cultures submarkets, with respect to key regions (along with their respective key countries).
· To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market. To strategically profile the key players and comprehensively analyze their growth strategies.
