The North America microbial food culture market size is projected to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to rising consumer demand for functional foods and probiotic food supplements, as well as increased consumer knowledge of the benefits of fermented foods.
Microbial food cultures are a collection of microorganisms such as bacteria, fungus, and mold that are used to prepare food in the food and beverage business. They're frequently employed to keep food fresh, enhance its nutritional content, and prevent it from deteriorating. Fermentation was formerly a widely used food preservation method all throughout the world. Fermented foods have long been a component of the human diet.
The acidity, taste, and texture of final food items are frequently influenced by the microorganisms employed in food cultures. Whereas the organisms are normally found on food, they may also be intentionally introduced as a starting culture in industrial food processing.
Market Trends, Drivers, Restraints, and Opportunities
- Rising consumer demand for functional foods and probiotic food supplements, as well as increased consumer knowledge of the benefits of fermented foods are projected to fuel the market during the forecast period.
- Functional characteristics of products, which increase the product's overall quality and shelf life while preventing the deterioration of sensitive components, are key factors propelling the market in the coming years.
- High maintenance cost is expected to restrict the market growth.
- Lack of awareness act as major challenge that can hinder the market during the forecast period.
- R&D investment and technological advancement is expected to created lucrative opportunities for the market players.
Key Players
- Lallemand Inc.
- Corbion NV
- Kerry Group PLC
- Koninklijke DSM NV
- DuPont de Nemours, Inc.
- Cargill, Incorporated
Competitive Landscape
Key players competing in the North America microbial food culture market include Lallemand Inc., Corbion NV, Kerry Group PLC, Koninklijke DSM NV, DuPont de Nemours, Inc., and Cargill, Incorporated.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
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