The overall protective systems market is projected to grow from USD 101 million in 2018 to USD 292 million by 2023, at a CAGR of 23.6%.
Northbrook, IL -- (SBWIRE) -- 12/12/2018 -- The report "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", published by MarketsandMarkets™. The protective cultures market is estimated to be at USD 101 million in 2018 and is projected to reach USD 292 million by 2023, at a CAGR of 23.6%. Owing to factors such as increasing demand for natural preservative-free products, the demand for extending the shelf life of perishable products, and increase in concerns for food wastage, the global market for protective cultures is projected to witness significant growth during the forecast period.
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The multi-strain mixed segment is estimated to dominate the market with the largest share in 2018.
On the basis of composition, the multi-strain mixed segment is estimated to account for the dominant market share in 2018. These cultures are most commonly used because of the benefits they offer over single and multi-strain cultures. Every individual strain in these cultures offers different functions and inhibits the growth of either a particular microorganism or different microorganisms.
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The freeze-dried form segment is projected to account for a larger share of the market by 2023.
The freeze-dried segment of protective cultures is projected to account for a larger share by 2023, as freeze-dried cultures offer multiple benefits over frozen cultures. Freeze dried cultures do not require special handling methods while shipping them from location to location. In addition, once a culture is freeze-dried, there are no other risks of dealing with power failures or lack of liquid nitrogen supply for preservation. These factors are driving the growth of freeze-dried protective cultures.
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Europe is projected to account for the largest market share by the projected year.
Europe is projected to account for the largest market share by 2023. Consumer awareness about preservatives and the inclination toward clean label products is driving the demand for protective cultures in this region. The combined output of the EU-28 countries in the global dairy industry contributes 44% to the global dairy production. In addition, the overall protective cultures market is driven by the growing concerns regarding food spoilage, globally.
This report includes a study of the marketing and development strategies, along with the product portfolios, of the leading companies. It includes profiles of leading companies such as CHR Hansen (Denmark), DowDuPont (US), Sacco S.R.L (Italy), CSK Food Enrichment B.V. (Netherlands), THT S.A. (Belgium), Dalton Biotechnologies (Italy), Biochem S.R.L (Italy), Meat Cracks Technology GmbH (Germany), Royal DSM N.V. (Netherlands), Bioprox (France), Aristomenis D. Phikas & Co SA. (Greece), and Soyuzsnab Group of Companies (Russia).
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