May 05, 2020
According to the research report titled ‘Global Dairy starter culture Market Size study, by Culture (Acid Production cultures, Flavor Production cultures, Protective cultures), by Application (Cheese, Yoghurt, Butter and spreads, Other), by Target microorganism ( Bacteria, Yeasts, Molds), by Product form( Freeze-Dried, Frozen) and Regional Forecasts 2019-2026’, available with Market Study Report LLC, worldwide dairy starter culture market was worth USD 1168.16 million in 2018 and is expected to grow with a CAGR of 4.7% during 2019-2026.
For the record, dairy starter culture is widely utilized in manufacturing milk products such as butter cheese, sour cream, yogurt and kefir. Growing demand for cultured dairy products and rapid expansion of dairy processing industry are major factors driving the growth of global dairy starter culture industry.
According to the 2017 analysis published by USDA, per capita consumption of cheese in the U.S. increased from 14.3 LBS in the year 1975 to 36.9 LBS in the year 2017. USDA also stated that there has been an upsurge in domestic intake of cultured dairy products in Ukraine. The consumption of cheese in Ukraine was recorded at 198 thousand tons in 2018 while the butter consumption was registered at 88 thousand tons in the same year. Production of skimmed milk powder reached 22 thousand tons in 2018 and whole milk powder production was estimated as 9 thousand tons. Consumer preference for whole milk powder and skimmed milk powder is augmenting the market outlook. However, strict regulatory scenario and high risk of contamination of dairy starter culture products may act as a restraining factor to the overall market growth.
By culture type, the market is split into protective cultures, flavor production cultures and acid production cultures. Whereas based on the application spectrum, dairy starter culture industry is bifurcated into butter & spreads, yogurt, cheese and others.
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As per the regional scope, North America is anticipated to account for a substantial share in the global market by the year 2026, primarily due to growing demand for skimmed milk powder as well as whole milk powder. Favorable initiatives undertaken by private organizations is augmenting the regional demand.
Meanwhile, Asia-Pacific dairy starter culture industry is poised to amass noticeable gains in the forthcoming years. Increasing import & export of dairy products and favorable measures introduced by private corporations are favoring APAC market outlook.
The prominent companies operating in global dairy starter culture market are Sacco System, LB Bulgaricum PLC, DuPont de Nemours Inc., BIOPROX, Dalton Biotechnologies S.r.l, CSK Food Enrichment, Chr. Hansen Holding A/S., Biolacter Inc. and BDF Natural Ingredients S.L. among others.