The MarketWatch News Department was not involved in the creation of this content.
Oct 13, 2020 (AB Digital via COMTEX) --
According to MarketsandMarkets, the “Meat starter cultures Market by Application (Sausages, Salami, Dry-cured meat, and Others), Microorganism (Bacteria, and Fungi), Composition (Multi-strain mix, Single strain, and Multi-strain), Form, and Region – Global Forecast to 2025″ size is estimated to be valued at USD 62 million in 2020 and projected to reach USD 76 million by 2025, recording a CAGR of 3.9%, in terms of value. The functional properties of meat starter cultures and their benefits while incorporation in a wide range of applications are driving the global meat starter cultures market.
The sausages segment accounted for the largest share in the meat starter cultures market
Based on the application, the sausages segment dominated the meat starter culture market. The dominance of this application can be attributed to the rising demand for sausages as a breakfast meat, as consumers in various countries such as the US, Canada, the UK, and Germany, are inclined toward the consumption of sausages. Meat starter culture provides additional safety and delays spoilage by shifting the uncontrolled fermentation. The segment is projected to grow at a CAGR of 3.8% during the forecast period.
The bacteria segment is projected to account for a major share in the meat starter cultures market during the forecast period
By microorganism, the meat starter cultures market is segmented into bacteria and fungi. Bacteria has been the most widely used microorganism as a starter culture, due to its large-scale application in meat products. Lactic acid bacteria (LAB) and coagulase-negative staphylococci (CNS) are the most used bacteria-based starter cultures in the industry. These are the main microorganisms used in meat products in order to prohibit pathogens and spoilage microorganisms during the pre- and post-processing of meat products. Therefore, this segment is projected to grow at a higher CAGR of 4.0% during the forecast period.
The European region dominated the meat starter culture market with the largest share in 2019.
The meat starter cultures market in Europe is dominant due to the increasing demand for processed meat products with higher shelf-life because of a shift in lifestyle trends. People are looking for ready-to-cook meal options as they are leading a busy life. The consumption of sausage has been prominent in these countries, resulting in a rise in demand for meat starter cultures for their production. The leading companies dominating the meat starter cultures market include Chr. Hansen (Denmark), Kerry Group (Ireland), and DSM (Netherlands); have a robust presence in Europe due to higher demand for packaged meat in these regions.
Request for Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=43153327
North America is the fastest-growing market as the technological advancements involved in monitoring and using meat starter cultures are available in the region, and meat manufacturers have been adapting to the changing technologies. The demand for meat starter cultures is increasing as consumers have been inclined toward organic and clean-label meat products. Also, key players are increasingly investing in the North American meat starter culture market.
Key Players:
This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Chr. Hansen (Denmark), DSM (Netherlands), Kerry (Ireland), DuPont (US), Frutarom (Israel), Galactic (Belgium), Lallemand (Canada), Proquiga (Spain), Westcombe (UK), Biochem SRL (Italy), RAPS GmbH (Germany), DnR Sausages Supplies. (Canada), Sacco System (Italy), Canada Compound (Canada), Biovitec (France), Genesis Laboratories (Bulgaria), Meat Cracks (Germany), THT S.A. (Belgium), Stuffers Supply Co. (Canada), MicroTec GmbH (Germany), and Codex-Ing Biotech (US).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/meat-starter-cultures-market-43153327.html
COMTEX_372758756/2555/2020-10-13T17:35:13
Is there a problem with this press release? Contact the source provider Comtex at [email protected]. You can also contact MarketWatch Customer Service via our Customer Center.
<p class="pr-disclaimer">
<em>The MarketWatch News Department was not involved in the creation of this content.</em>
