$100+ Million Protective Cultures Market by Product Form, Target Microorganism, Application, Composition, and Region - Global Forecast to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 14, 2018--The “Protective Cultures Market by Product Form (Freeze-dried and Frozen), Target Microorganism (Yeasts & Molds and Bacteria), Application (Dairy & Dairy Products, Meat & Poultry Products, and Seafood), Composition, and Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The protective cultures market is estimated at USD 101 million in 2018 and projected to grow at a CAGR of 23.6%, to reach USD 292 million by 2023.
The growth of the protective cultures market is driven by the rising demand for dairy and clean label products. The key driver for market growth is the increasing demand for natural preservative-free products and clean label products. Microbial Food Cultures (MFC) are preparations or formulations consisting of concentrates of one or more microbial species and/or strains including unavoidable media components carried over from the fermentation and components, which are necessary for their survival, storage, standardization, and to facilitate their application in the food production process.
The report segments the protective cultures on the basis of component, technology, edible oil, refining method, operation, and region. In terms of insights, this report has focused on various levels of analyses competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments of the global protective cultures, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.
Industry TrendsDemand for Clean Label Products Sustainable Nutrition Consumer Preference Toward an Active Lifestyle Improving Transparency Reducing Food Spoilage
DriversIncreasing Demand for Natural, Preservative-Free Products Technological Developments to Promote Protective Cultures Demand for Extending the Shelf Life of Perishable Products Growing Need to Control Food Wastage
RestraintsStringent Regulations Concerning the Use of Protective Cultures World Trade Organization European Food Safety Authority & Qualified Presumption of Safety European Food & Feed Cultures Association (Effca) Regulatory and Safety Requirements for Food Cultures High Price of Protective Cultures
OpportunitiesEmerging Markets: New Growth Frontiers Growth Prospects for Untapped Industrial Applications
ChallengesLack of Consumer Awareness
Companies MentionedAristomenis D. Phikas & Co S.A Biochem S.R.L Bioprox Chr. Hansen CSK Food Enrichment B.V. Dalton Biotechnologies S.R.L Dowdupont DSM Meat Cracks Technologie GmbH Sacco S.R.L Soyuzsnab Group of Companies THT S.A
For more information about this report visit https://www.researchandmarkets.com/research/nkkkqp/100_million?w=4
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INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
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PUB: 12/14/2018 04:59 AM/DISC: 12/14/2018 04:59 AM