Europe Protective Cultures Market to Grow at a CAGR of 9.0% to reach US$ 123.49 million from 2021 to 2028

Europe 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)

  • Report Code : TIPRE00025727
  • Category : Food and Beverages
  • Status : Published
  • No. of Pages : 89
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The protective cultures market in Europe is expected to grow from US$ 67.74 million in 2021 to US$ 123.49 million by 2028; it is estimated to grow at a CAGR of 9.0% from 2021 to 2028.

The UK, Germany, and Russia are major economies in Europe. Surge in consumption of dairy products are the major factor driving the growth of the Europe protective cultures market. The dairy market is evolving across the region. Consumers prefer better-for-you, natural, and sustainable dairy products with shorter ingredient lists and better transparency on product labeling. With the growing busy modern lifestyles, there is an increasing demand for convenient options that can be consumed on the go without having to be refrigerated to stay fresh. Protective cultures are significant in supporting dairy manufacturers to add to their bottom line by avoiding spoilage throughout shelf life, thereby meeting the consumer needs for natural and clean label products. Moreover, the consumption of dairy products, such as yogurt, butter, and cheese, is surging across the region. Cheese has become a primary component in daily diets. The cheese market is also one of the major end users of protective cultures due to specific protective culture against Listeria made from Lactobacillus plantarum is effective in preventing Listeria from forming on the high-risk red smear surface-ripened cheeses. Henceforth, these afore-mentioned factors will drive the demand for cheese in protective culture market. With rising demand for natural and healthy dairy products, clean-label and green-label products are witnessing huge demand in the dairy industry. Historically, dairy producers used artificial preservatives and additives, often chemical in nature, to help extend product shelf life and safeguard fresh dairy products from contamination. The growing consumption of dairy products and changing consumer preference from meat to dairy products for protein enrichment drive the growth of the protective cultures market, which is further anticipated to drive the market in Europe.

In Europe, the UK, France, and Russia are the hardest-hit countries by the COVID-19 outbreak. The UK has recorded the highest-number of COVID-19 cases, followed by France, Spain, Italy, and Germany. Countries in the region have implemented drastic measures and travel restrictions, including partially closing their borders. This is anticipated to impact market growth in Europe. The lockdown restrictions are being slowly lifted in a few of the countries in Europe; for instance, in Denmark, shops and restaurants have reopened. Italy is in the “yellow zone” and is slowly lifting the lockdown restrictions. All these factors are likely to have a positive impact on the food & beverages industry, which will translate into the recovery of the protective cultures market in the coming months.

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Europe Protective Cultures Market Segmentation

Europe Protective Cultures Market – By Target Microorganism

  • Bacteria
  • Yeasts & Molds

Europe Protective Cultures Market – By Application

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

Europe Protective Cultures Market– By Country

  • Germany
  • France
  • UK
  • Italy
  • Russia
  • Rest of Europe

Europe Protective Cultures Market-Companies Mentioned

  • Biochem Srl
  • Bioprox
  • Chr. Hansen Holding A/S
  • Dalton Biotecnologie S.r.l.
  • DSM
  • International Flavors & Fragrances Inc.
  • Kerry Group
  • Lallemand Inc.
  • Meat Cracks Technologie GmbH
  • Sacco Systems
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

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. Europe 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. Europe Protective Cultures Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Surge in Consumption of Dairy Products

5.1.2 Rising 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 Growing 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 – Europe Market Analysis

6.1 Europe Protective Cultures Market Overview

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

7. Europe Protective Cultures Market Analysis – By Target Microorganism

7.1 Overview

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

7.3 Bacteria

7.3.1 Overview

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

7.4 Yeasts & Molds

7.4.1 Overview

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

8. Europe Protective Cultures Market Analysis – By Application

8.1 Overview

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

8.3 Food Processing

8.3.1 Overview

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

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

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

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

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

8.4 Animal Feed

8.4.1 Overview

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

9. Europe Protective Cultures Market – Country Analysis

9.1 Europe: Protective Cultures Market

9.1.1 Europe: Protective Cultures Market, by Key Country

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

9.1.1.1.1 Germany: Protective Cultures Market, by Target Microorganism

9.1.1.1.2 Germany: Protective Cultures Market, by Application

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

9.1.1.2.1 France: Protective Cultures Market, by Target Microorganism

9.1.1.2.2 France: Protective Cultures Market, by Application

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

9.1.1.3.1 UK: Protective Cultures Market, by Target Microorganism

9.1.1.3.2 UK: Protective Cultures Market, by Application

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

9.1.1.4.1 Italy: Protective Cultures Market, by Target Microorganism

9.1.1.4.2 Italy: Protective Cultures Market, by Application

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

9.1.1.5.1 Russia: Protective Cultures Market, by Target Microorganism

9.1.1.5.2 Russia: Protective Cultures Market, by Application

9.1.1.6 Rest of Europe: Protective Cultures Market –Analysis and Forecast to 2028 (US$ Million)

9.1.1.6.1 Rest of Europe: Protective Cultures Market, by Target Microorganism

9.1.1.6.2 Rest of Europe: Protective Cultures Market, by Application

10. Overview- Impact of Coronavirus Outbreak

10.1 Europe: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape

11.1 Merger & Acquisition

11.2 Product Launch

12. Company Profiles

12.1 Biochem Srl

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 Bioprox

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 Chr. Hansen Holding A/S

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 Meat Cracks Technologie GmbH

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 DSM

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 Lallemand Inc.

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 International Flavors & Fragrances Inc.

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

12.8 Kerry Group

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 Sacco Systems

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 Dalton Biotecnologie S.r.l.

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES

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

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

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

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

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

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

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

Table 8. Italy Protective Cultures Market, by Target Microorganism – Revenue and Forecast to 2028 (US$ Million)

Table 9. Italy Protective Cultures Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 10. Russia Protective Cultures Market, by Target Microorganism – Revenue and Forecast to 2028 (US$ Million)

Table 11. Russia Protective Cultures Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 12. Rest of Europe Protective Cultures Market, by Target Microorganism – Revenue and Forecast to 2028 (US$ Million)

Table 13. Rest of Europe Protective Cultures Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 14. List of Abbreviation

LIST OF FIGURES

Figure 1. Europe Protective Cultures Market Segmentation

Figure 2. Europe Protective Cultures Market Segmentation – By Country

Figure 3. Europe Protective Cultures Market Overview

Figure 4. Europe Protective Cultures Market, By Target Microorganism

Figure 5. Rest of Europe Protective Cultures Market, By Country

Figure 6. Europe Protective Cultures Market, Industry Landscape

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

Figure 8. Europe Protective Cultures Market – Ecosystem Analysis

Figure 9. Expert Opinion

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 27. Italy: Protective Cultures Market –Revenue and Forecast to 2028 (US$ Million)

Figure 28. Russia: Protective Cultures Market –Revenue and Forecast to 2028 (US$ Million)

Figure 29. Rest of Europe: Protective Cultures Market –Revenue and Forecast to 2028 (US$ Million)

Figure 30. Impact of COVID-19 Pandemic in Europe

  1. Biochem Srl
  2. Bioprox
  3. Chr. Hansen Holding A/S
  4. Dalton Biotecnologie S.r.l.
  5. DSM
  6. International Flavors & Fragrances Inc.
  7. Kerry Group
  8. Lallemand Inc.
  9. Meat Cracks Technologie GmbH
  10. Sacco Systems

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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