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Los Angeles, CA -- (SBWIRE) -- 04/19/2019 -- The rapid pace of urbanization and drastically changing lifestyles have spiked the demand for readymade food. This has had a great influence on meat consumption, as meat continues to be one of the most common and popular food items in the staple diet. This has also created a sizeable demand for meat starter culture, which refers to activated or deactivated microorganisms that are used for improving the quality of meat during the fermentation process. The growing demand for preserved meats in ready-to-eat meals is projected to drive the demand for the global market.
The global meat starter culture market was worth US$91 mn in 2018 and the report suggests that it will reach US$130 mn by 2025, registering a robust CAGR of 4.8% during the forecast period of 2018 and 2025. QY Research discusses the future of the market in its latest report, titled "Global Meat Starter Culture Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types, and Application."
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Global Meat Starter Culture Market: Drivers
The fast-food culture and increasing demand for curated meats have their fair share of influence of the global meat starter culture market. Research and development to improve the texture, color, and flavor of the meats are expected to bode well for the global meat starter culture market. The non-alcoholic-beverage manufacturers have an attraction towards the starter culture owing to the benefits for their industry. Huge demand for the ready-to-drink and nutritive beverages have also initiated the demand for meat starter culture market, globally.
Global Meat Starter Culture Market: Segment Analysis
The global meat starter culture market is segmented by type and application. In terms of type, the market is segmented into maturation starters and surface starters. In terms of applications, the market is segmented into meat, seafood, poultry, and others. Meat is expected to be the leading application segment as its consumption remains highest across the globe. Initiatives taken by meat retailers to improve the shelf life of their products and introducing cost-effective products are also expected to give this segment a shot in the arm.
Global Meat Starter Culture Market: Regional Analysis
On the basis of region, the global meat starter culture market is segmented into Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa. North America holds the major share in the global meat starter culture market due to its excessive demand. Europe also is a very prominent region in the global market due to its extended use of beer, wine, buttermilk, and other beverages. Asia Pacific is also showing prominence through steady growth and expects a worthy share in the coming days.
Global Meat Starter Culture Market: The Key Players
The key players studied in the global Meat Starter Culture market are Chr. Hansen, Kerry, Danisco, FRUTAROM, SOYUZSNAB, PROQUIGA, Galactic, Canada Compound, Sacco System, D.M.Dunningham, Lallemand, Stuffers Supply Company, BIOVITEC, and DnR Sausage Supplies. These companies are the leading names because of their innovative process and futuristic attempt to add a better solution to the positive global market growth.
For instance, Frutarom, a subsidiary of International Flavors & Fragrances Inc., announced in January the acquisition of 60% of Thailand-based savory solutions provider, The Mighty Co. Ltd. The German-based company known for its 'CombiSafe starter culture launched in 2016 that works to reduce Listeria monocytogenes in salami and raw fermented sausages.
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