Grand View Research, Inc: Global Starter Culture Market, Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2014 To 2020
Surge in demand for alcoholic and non-alcoholic beverages is presumed to drive the global starter culture market growth over the next six years. Fermentation initiation, flavoring, coloring and texturing of beverages are some key starter culture applications. Bacteria, mold, and yeast are starter culture types, while alcoholic and non-alcoholic beverages are the starter culture end-use applications. Alcoholic beverage dominated the starter culture applications market over the recent years. Non-alcoholic beverage market, though small at present, is expected to witness significant growth over the next six years.
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Yeast led the alcoholic beverage applications while bacteria dominated the nonalcoholic segment. Rising awareness regarding the positive starter culture health benefits coupled with innovations such as genetically modified starter cultures are presumed to aid the global market growth. Stringent regulations on microbial growth conditions coupled with volatile raw material prices are anticipated to challenge the market. Research on innovative yeast production methods and technological advancements offer requisite opportunities for the market participants. Growing demand for nutritive and functional beverages is presumed to open up further opportunities for market development. Europe led the global starter culture market over the recent years, ahead of North America and Asia Pacific due to high alcoholic beverage consumption.
Emerging economies such as India, China and Brazil are expected to witness high alcoholic & non-alcoholic market growth owing to rising disposable income and changing dietary habits. North American market is expected to witness high functional and nutritional beverage demand owing to growing health awareness. Starter culture competitive landscape is characterized by M&As and huge investments in R&D by the prominent participants to gain market share and strengthen their product portfolios. Key starter culture industry participants include. Lesaffre Group, Danisco A/S, , Wyeast laboratories Inc., Lallemand Inc, Dohler Group, Lactina Limited, Angel Yeast Co Limited and CSK Food Enrichment B.V.
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About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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