Starter Culture Market – Global Market Size, Share, Trends, Analysis, Forecast 2016 – 2024
Starter culture also known as fermentation starters assist in beginning of fermentation process for various types of food and fermented drinks. These starters are added at different levels during the production process in order to get the desired fermented beverages. Starter cultures are used as a major ingredient in different alcoholic and non-alcoholic beverages to enhance their quality, texture, color and flavor. They play an important role in releasing carbon dioxide and breaking down sugars.
The global Starter culture market is segmented on the basis of product type, application and geography. By product type the market is segmented as yeast, molds and bacteria. Moreover on the basis of application the market can be segmented as alcoholic beverages and non-alcoholic beverages. Alcoholic beverages include whiskey, beer, wine and others (gin, vodka and tequila, among others). Non-alcoholic beverages include dairy based, kombucha, cereal based and fruit based drinks. Geographically the market is segmented into North America, Asia Pacific, Europe and Rest of the World.
The major drivers of starter culture market include health benefits provided by the starter cultures and increasing consumption of alcoholic beverages globally. One of the major factors that act as restrains for the growth of this market is strict regulations for microorganisms.
The starter culture market globally is expected to grow at significant rate with single digit CAGR growth over 2013 – 2019. Geographically Europe dominated the market in terms of revenue. Yeast constitutes the largest share both in terms of revenue and volume among product types. Yeast is extensively used in production of alcoholic and non- alcoholic beverages. Technological advancement in fermentation process has increased the demand for production of these fermentation starters
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Some of the key players in starter culture market are Lallemand Inc., Dohler Group, Lb Bulgaricum Plc, Wyeast Laboratories Inc.,Angel Yeast Co. Ltd, and Csk Food Enrichment B.V.
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.