Asia Pacific Protective Cultures Market Overview and Growth by 2028
Asia Pacific Protective Cultures Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Target Microorganism (Bacteria and Yeasts & Molds) and Application (Food Processing and Animal Feed)
- Status : Published
- Report Code : TIPRE00025726
- Category : Food and Beverages
- No. of Pages : 83
- Available Report Formats :
- Last update date : November 10, 2021
2021 Market Size
US$ 38.04 Mn
Base year value
2028 Forecast
US$ 76.21 Mn
Projected by 2028
CAGR 2022-2028
10.4 %
Growth rate
Addressable Market
US$ 403.35 Mn
(2022-2028)
The protective cultures market in APAC is expected to grow from US$ 38.04 million in 2021 to US$ 76.21 million by 2028; it is estimated to grow at a CAGR of 10.4% from 2021 to 2028.
China, Japan, and India are major economies in APAC. Rising demand from untapped region are the major factor driving the growth of the APAC protective cultures market. Region such as Asia Pacific, exhibit higher growth than Europe and North America, due to rapid urbanization rates in countries such as China and India. Rapid urbanization, higher disposable incomes, and busy work life are boosting the adoption of western dietary patterns among Chinese and Indians. This factor, in turn, has upsurged the demand for microbial culture in dairy products application. Most of the Asia-Pacific dairy markets are unorganized. The region remains the growing market for microbial cultures due to strong demand from countries such as China. The manufacturers are eyeing this potential region. Also, they are heavily investing in bringing the latest innovations and increasing production capacity to meet the growing demand in the region. Since the regions are utilizing chemical or plant-based preservatives and not microbial, which would create lucrative opportunities for the protective culture market in the future. Hence, all these factors are expected to provide vast opportunities for the growth of the protective culture market in untapped regions during the forecast period, which is further anticipated to drive the market in APAC.
Asian economies have been hit hard by the COVID-19 pandemic. India has recorded the highest number of cases, and the emergence of new COVID-19 waves in India, Thailand, and other Asian economies has prolonged the effect of pandemic upon the food & beverages industry. The governments of various APAC economies are taking possible steps to restrict the spread of the virus, which is directly impacting the growth of industrial sectors, in turn, negatively affecting the protective cultures market growth.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
APAC Protective Cultures Market Segmentation
APAC Protective Cultures Market – By Target Microorganism
- Bacteria
- Yeasts & Molds
APAC Protective Cultures Market – By Application
- Food Processing
- Dairy Products
- Beverages
- Meat, Poultry, & Seafood Products
- Others
- Animal Feed
APAC Protective Cultures Market– By Country
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
APAC Protective Cultures Market-Companies Mentioned
- Bioprox
- Chr. Hansen Holding A/S
- DSM
- International Flavors & Fragrances Inc.
- Kerry Group
- Lallemand Inc.
- Sacco Systems
Asia Pacific Protective Cultures Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 38.04 Million |
| Market Size by 2028 | US$ 76.21 Million |
| CAGR (2021 - 2028) | 10.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Target Microorganism
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
- Comprehensive Market Sizing and Forecast Analysis
- Detailed Segmentation Analysis
- In-Depth Market Dynamics Assessment
- Regional and Country-Level Insights
- Competitive Landscape and Company Benchmarking
- Strategic Business Intelligence
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