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North America Protective Cultures Market

2021

North America 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)

Publication Month: Nov 2021 | Report Code: TIPRE00025729 | No. of Pages: 73 | Category: Food and Beverages | Status: Published

Market Insights

North America Protective Cultures Market to Grow at a CAGR of 10.0% to reach US$ 106.25 million from 2021 to 2028

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The protective cultures market in North America is expected to grow from US$ 54.62 million in 2021 to US$ 106.25 million by 2028; it is estimated to grow at a CAGR of 10.0% from 2021 to 2028.

The US, Canada, and Mexico are major economies in North America. Growing demand for natural preservatives are the major factor driving the growth of the North America protective cultures market. Consumer preference is shifting toward food and beverages with natural preservatives. Upsurge in the consumption of convenience and ready-to-eat food products propels the demand for foods with longer shelf life, which boosts the need for natural preservatives. Protective cultures are considered a promising alternative in comparison to lactic acid bacteria. The use of protective culture ensures the safety and quality of minimally processed foods items without chemical preservatives. It also extends the shelf life of ready-to-eat products with fresh-tasting. Rise in consumption of ready-to-eat food products coupled with increase in consumption of healthy food, specifically with clean label ingredients, are the major drivers projected to fuel the natural preservatives market growth. In addition, the consumer preference toward clean-label products is surging, owing to the use of bacterial cultures. For instance, in 2017, DSM launched the Delvo Guard range of clean-label dairy cultures designed to inhibit mold and yeast in fresh dairy products without affecting food quality or safety. The company stated that these protective cultures are an addition to DSM’s clean-label range. It delivers an entirely clean-label and natural solution to image-conscious brands looking to contribute to a more sustainable world and rise to the challenge of changing consumer trends and preferences. Moreover, before consumption, health-conscious consumers understand the ingredients used in products through transparent product labeling. Thus, the demand for clean label products comprising natural preservatives is increasing. According to the Food & Health Survey 2016, over 70% of consumers check expiry dates in supermarkets and hypermarkets. This shows that, while consumers value clean labels and natural products, shelf life is also a key driver of purchasing behavior. In addition, recent research has exhibited that consumers are willing to pay more for clean label products, with 1 in 2 people ready to pay at least 10% more for these products, such as yogurt free from artificial preservatives. All such factors drive the demand for the natural preservatives, which is further anticipated to drive the market in North America.

North America is one of the worst-affected economies due to the COVID-19 pandemic. The US reported the highest number of confirmed cases of COVID-19, followed by Canada and Mexico. However, the COVID-19 pandemic has had a relatively positive impact on the protective cultures market. The pandemic helped to develop more awareness and interest in the microbial cultures. It has been a disagreeable and a stressful time for most of the population across the world, and therefore the people have started consuming clean label products. The COVID-19 pathophysiology has changed the consumer’s perception of clean beyond labels or products. They continue to maintain their focus on clean label for at-home as well as out-of-home purchases.

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North America Protective Cultures Market Segmentation

North America Protective Cultures Market – By Target Microorganism

  • Bacteria
  • Yeasts & Molds

North America Protective Cultures Market – By Application

  • Food Processing
    • Dairy Products
    • Beverages
    • Meat, Poultry, & Seafood Products
    • Others
  • Animal Feed

North America Protective Cultures Market– By Country

  • US
  • Canada
  • Mexico

North America Protective Cultures Market-Companies Mentioned

  • Bioprox
  • Chr. Hansen Holding A/S
  • DSM
  • International Flavors & Fragrances Inc.
  • Kerry Group
  • Lallemand Inc.
  • Sacco Systems

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection

3.2.2 Primary Interviews

3.2.3 Hypothesis Formulation

3.2.4 Macro-economic Factor Analysis

3.2.5 Developing Base Number

3.2.6 Data Triangulation

3.2.7 Country Level Data

3.2.8 Limitations & Assumptions

4. North America Protective Cultures Market Landscape

4.1 Market Overview

4.2 Porter’s Five Forces Analysis

4.2.1 Bargaining Power of Buyers:

4.2.2 Bargaining Power of Suppliers:

4.2.3 Threat of Substitutes:

4.2.4 Threat of New Entrants:

4.2.5 Competitive Rivalry:

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. North America Protective Cultures Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Increasing Consumption of Dairy Products

5.1.2 Growing Demand for Natural Preservatives

5.2 Market Restraints

5.2.1 Stringent Regulations Regarding Usage of Protective Cultures

5.3 Market Opportunities

5.3.1 Emergence of Animal Feed as Lucrative Application

5.3.2 Rising Demand From Untapped Region

5.4 Future Trends

5.4.1 Increasing Concerns for Food Wastage

5.5 Impact Analysis of Drivers and Restraints

6. Protective Cultures – North America Market Analysis

6.1 North America Protective Cultures Market Overview

6.2 North America Protective Cultures Market –Revenue and Forecast to 2028 (US$ Million)

7. North America Protective Cultures Market Analysis – By Target Microorganism

7.1 Overview

7.2 North America Protective Cultures Market, By Category (2020 and 2028)

7.3 Bacteria

7.3.1 Overview

7.3.2 Bacteria: North America Protective Cultures Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Yeasts & Molds

7.4.1 Overview

7.4.2 Yeasts & Molds: North America Protective cultures Market – Revenue and Forecast to 2028 (US$ Million)

8. North America Protective Cultures Market Analysis – By Application

8.1 Overview

8.2 North America Protective Cultures Market, By Application (2020 and 2028)

8.3 Food Processing

8.3.1 Overview

8.3.2 Food Processing: North America Protective Cultures Market – Revenue and Forecast to 2028 (US$ Million)

8.3.2.1 Dairy Products: North America Protective Cultures Market – Revenue and Forecast to 2028 (US$ Million)

8.3.2.2 Beverages: North America Protective Cultures Market – Revenue and Forecast to 2028 (US$ Million)

8.3.2.3 Meat, Poultry, & Seafood Products: North America Protective Cultures Market – Revenue and Forecast to 2028 (US$ Million)

8.3.2.4 Others: North America Protective Cultures Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Animal Feed

8.4.1 Overview

8.4.2 Animal Feed: North America Protective Cultures Market – Revenue and Forecast to 2028 (US$ Million)

9. North America Protective Cultures Market – Country Analysis

9.1 North America: Protective Cultures Market

9.1.1 North America: Protective Cultures Market, by Key Country

9.1.1.1 US: Protective Cultures Market –Analysis and Forecast to 2028 (US$ Million)

9.1.1.1.1 US: Protective Cultures Market, by Target Microorganism

9.1.1.1.2 US: Protective Cultures Market, by Application

9.1.1.2 Canada: Protective Cultures Market –Analysis and Forecast to 2028 (US$ Million)

9.1.1.2.1 Canada: Protective Cultures Market, by Target Microorganism

9.1.1.2.2 Canada: Protective Cultures Market, by Application

9.1.1.3 Mexico: Protective Cultures Market –Analysis and Forecast to 2028 (US$ Million)

9.1.1.3.1 Mexico: Protective Cultures Market, by Target Microorganism

9.1.1.3.2 Mexico: Protective Cultures Market, by Application

10. Overview- Impact of Coronavirus Outbreak

10.1 Impact of COVID-19 Pandemic on Protective Cultures Market

11. Industry Landscape

11.1 Merger & Acquisition

11.2 Product Launch

12. Company Profiles

12.1 Bioprox

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Chr. Hansen Holding A/S

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 DSM

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Lallemand Inc.

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 International Flavors & Fragrances Inc.

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Kerry Group

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Sacco Systems

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES

Table 1. North America Protective Cultures Market –Revenue and Forecast to 2028 (US$ Million)

Table 2. US Protective Cultures Market, by Target Microorganism – Revenue and Forecast to 2028 (US$ Million)

Table 3. US Protective Cultures Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 4. Canada Protective Cultures Market, by Target Microorganism – Revenue and Forecast to 2028 (US$ Million)

Table 5. Canada Protective Cultures Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 6. Mexico Protective Cultures Market, by Target Microorganism – Revenue and Forecast to 2028 (US$ Million)

Table 7. Mexico Protective Cultures Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 8. List of Abbreviation

LIST OF FIGURES

Figure 1. North America Protective Cultures Market Segmentation

Figure 2. North America Protective Cultures Market Segmentation – By Country

Figure 3. North America Protective Cultures Market Overview

Figure 4. North America Protective Cultures Market, By Target Microorganism

Figure 5. US Protective Cultures Market, By Country

Figure 6. North America Protective Cultures Market, Industry Landscape

Figure 7. Porter ‘s Five Forces Analysis for North America Protective Cultures Market

Figure 8. North America Protective Cultures Market – Ecosystem Analysis

Figure 9. Expert Opinion

Figure 10. North America Protective Cultures Market Impact Analysis of Drivers and Restraints

Figure 11. North America Protective Cultures Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12. North America Protective Cultures Market Revenue Share, By Target Microorganism (2020 and 2028)

Figure 13. Bacteria: North America Protective Cultures Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14. Yeasts & Molds: North America Protective Cultures Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15. North America Protective Cultures Market Revenue Share, By Application (2020 and 2028)

Figure 16. Food Processing: North America Protective Cultures Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17. Dairy Products: North America Protective Cultures Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18. Beverages: North America Protective Cultures Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19. Meat, Poultry, & Seafood Products: North America Protective Cultures Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20. Others: North America Protective Cultures Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21. Animal Feed: North America Protective Cultures Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22. North America: Protective Cultures Market – Revenue and Forecast by Country to 2028 (US$ Million)

Figure 23. North America: Protective Cultures Market Revenue Share, by Key Country (2020 and 2028)

Figure 24. US: Protective Cultures Market –Revenue and Forecast to 2028 (US$ Million)

Figure 25. Canada: Protective Cultures Market –Revenue and Forecast to 2028 (US$ Million)

Figure 26. Mexico: Protective Cultures Market –Revenue and Forecast to 2028 (US$ Million)

Figure 27. Impact of COVID-19 Pandemic in North America

  1. Bioprox
  2. Chr. Hansen Holding A/S
  3. DSM
  4. International Flavors & Fragrances Inc.
  5. Kerry Group
  6. Lallemand Inc.
  7. Sacco Systems
  • To understand the North America protective cultures market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for North America protective cultures market
  • Efficiently plan M&A and partnership deals in North America protective cultures market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America protective cultures market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.
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