Dairy Cultures Market Analysis, Trends, Top Manufacturers, Share, Growth, Statistics, Opportunities and Forecast by 2028
Global Dairy Cultures Market – Industry Trends and Forecast to 2028
Market Analysis and Insights of Dairy Cultures Market
Data Bridge Market Research analyses that the global dairy cultures market will project a CAGR of 5.70% for the forecast period of 2021-2028. Growth and expansion of the food and beverages industry, surge in the awareness about the negative impact of junk food on the health, rising consumer consciousness towards dairy food products with high nutritional value and growing personal disposable income by the major companies are the major factors attributable to the growth of dairy cultures market.
Dairy cultures are the microorganisms that are used for producing fermented dairy products. In other words, dairy cultures are the microbes such as bacteria or yeast that are used in the milk products which results in fermented output in the form of cheese, curd, buttermilk, yoghurt and others. Though dairy cultures are the microbes, these are health-friendly in nature. The dairy cultures are also known as Lactic Acid Bacteria (LAB).
Rising personal disposable income, rising demand for cheese in junk foods and growing standard of living especially in the developing economies are the major factors fostering the growth of the market. Changing lifestyle, modernization, rising awareness about the health benefits of dairy products and ever-rising global population are other important factors acting as market growth determinants. Improving food distribution channel, globalization of food business and surge in the expenditure for research and development proficiencies will further induce growth in the market value. Also, increased focus of the manufacturers to provide premium quality dairy products will further carve the way for the growth of the market.
However, addition of inferior quality and contaminated dairy culture components will pose a major challenge to the growth of the market. Rising availability of substitutes to dairy products will also derail the market growth rate. High rates of power cuts in developing and non-developing economies will hamper the temperature storage facilities and this will also act as another growth hampering factor.
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