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)

Code: TIPRE00025726 | Pages: 83 | Industry: Food and Beverages | Date: Nov 2021
Covid

Market Introduction

The protective cultures market in Asia-Pacific is segmented into Australia, China, India, Japan, South Korea, and the rest of Asia-Pacific. China is the most important dairy product market and is mainly driven by the increasing consumption of dairy products. The growing demand for dairy products such as natural snacks, fermented dairy products such as sour milk, and yogurt coupled with product and packaging innovations is driving the growth of the dairy product market in Asia-Pacific. Therefore, the protective cultures market is expected to witness significant growth in the coming years owing to the increasing consumption of dairy products and the benefits of protective cultures, such as the ability to inhibit the growth of pathogenic and spoilage microorganisms. Moreover, increasing awareness about natural and clean label products amongst the Asian population is subsequently aiding the market expansion. With rising dairy consumption across Asia-Pacific, there is a great demand for sustainable dairy products with natural and short ingredient lists in product labeling. This factor would boost the growth of the protective cultures market in the region in the coming years. Protective cultures, commonly called bacterial cultures, are used in dairy products and meat to extend their shelf life. The short shelf life of these foods has become a major concern for the food & beverages industry. The use of protective culture is helping in overcoming these concerns, which is driving the market growth in the region. In addition, due to the changing lifestyles and eating habits of consumers, there is a rising demand for processed and packaged food. Protective culture helps in extending the shelf life of convenience products. Therefore, the protective culture market is expected to grow significantly during the forecast period. Further, pet food and animal feed manufacturers are cautious about issues such as enhancing food or feed palatability, keeping freshness, and reducing mold growth. Protective cultures are used in pet food and animal feed to prevent the formation of mold and fungi, as well as to improve the palatability and freshness of the products. Furthermore, rising consumer preference for clean label pet food and animal feed in Asia-Pacific is expected to create lucrative opportunities for the protective cultures market in the region during the forecast period.

 

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.


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Market Overview and Dynamics

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. Increasing concerns for food wastage; according to world wildlife fund, sustainability and food wastage are influencing the food industry as the global population is projected to attain 9 billion by 2050. It is vital that food producers act with sustainability in mind. Reports indicate that over 10–20% of the production of milk and other dairy products in developed countries is wasted or lost, and about half of this waste occurs by consumers after purchase due to factors such as shelf-life restrictions or microbial spoilage. Recent research confirms that product shelf life remains a crucial purchasing condition for consumers. Therefore, it is becoming essential for producers to consider the open shelf life of products to support a sustainable supply chain and lessen their contribution to the food waste burden. 1.3 billion tons of food is wasted every year. In industrialized countries, more than 40% of loss happens at a retail and consumer level. Research indicates that increased shelf life of just one day could prevent up to 0.2 million tons of annual household food waste. Hence, improved shelf life that reduce wastage of the food products and contributes to a more sustainable world would bolster the growth of the protective cultures market during the forecast period. This is bolstering the growth of the protective cultures market.

Key Market Segments

Based on target microorganism, the APAC protective cultures market is bifurcated into bacteria, and yeasts & molds. In 2020, the yeasts & molds segment held the largest share APAC protective cultures market. Based on application the market is divided into food processing and animal feed. The food processing segment accounts for largest market share in the 2020. Similarly, based on food processing, the market is bifurcated into dairy products; beverages; meat, poultry, & seafood products; and others. The dairy products segment contributed a substantial share in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the protective cultures market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Bioprox, Chr. Hansen Holding A/S, DSM, Lallemand Inc., International Flavors & Fragrances Inc., Kerry Group and Sacco System among others.

Reasons to buy report

  • To understand the APAC 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 APAC protective cultures market
  • Efficiently plan M&A and partnership deals in APAC 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 APAC protective cultures market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.

 

APAC PROTECTIVE CULTURES MARKET SEGMENTATION

By Target Microorganism

  • Bacteria
  • Yeasts & Molds

 

By Application

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

 

By Country

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific

 

Company Profiles

  • 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.           APAC 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.           APAC 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 – APAC Market Analysis

6.1         APAC Protective Cultures Market Overview

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

7.           APAC Protective Cultures Market Analysis – By Target Microorganism

7.1         Overview

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

7.3         Bacteria

7.3.1        Overview

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

7.4         Yeasts & Molds

7.4.1        Overview

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

8.           APAC Protective Cultures Market Analysis – By Application

8.1         Overview

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

8.3         Food Processing

8.3.1        Overview

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

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

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

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

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

8.4         Animal Feed

8.4.1        Overview

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

9.           APAC Protective Cultures Market – Country Analysis

9.1         Asia-Pacific: Protective Cultures Market

9.1.1        Asia-Pacific: Protective Cultures Market, by Key Country

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

9.1.1.1.1          China: Protective Cultures Market, by Target Microorganism

9.1.1.1.2          China: Protective Cultures Market, by Application

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

9.1.1.2.1          Japan: Protective Cultures Market, by Target Microorganism

9.1.1.2.2          Japan: Protective Cultures Market, by Application

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

9.1.1.3.1          India: Protective Cultures Market, by Target Microorganism

9.1.1.3.2          India: Protective Cultures Market, by Application

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

9.1.1.4.1          South Korea: Protective Cultures Market, by Target Microorganism

9.1.1.4.2          South Korea: Protective Cultures Market, by Application

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

9.1.1.5.1          Australia: Protective Cultures Market, by Target Microorganism

9.1.1.5.2          Australia: Protective Cultures Market, by Application

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

9.1.1.6.1          Rest of Asia-Pacific: Protective Cultures Market, by Target Microorganism

9.1.1.6.2          Rest of Asia-Pacific: Protective Cultures Market, by Application

10.        Overview- Impact of Coronavirus Outbreak

10.1      Asia-Pacific: Impact Assessment of COVID-19 Pandemic

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.             APAC Protective Cultures Market –Revenue and Forecast to 2028 (US$ Million)

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

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

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

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

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

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

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

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

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

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

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

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

Table 14.          List of Abbreviation

LIST OF FIGURES

Figure 1.           APAC Protective Cultures Market Segmentation

Figure 2.           APAC Protective Cultures Market Segmentation – By Country

Figure 3.           APAC Protective Cultures Market Overview

Figure 4.           APAC Protective Cultures Market, By Target Microorganism

Figure 5.           APAC Protective Cultures Market, By Country

Figure 6.           APAC Protective Cultures Market, Industry Landscape

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

Figure 8.           APAC Protective Cultures Market – Ecosystem Analysis

Figure 9.           Expert Opinion

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

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

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

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

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

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

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

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

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

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

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

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

Figure 22.        Asia-Pacific: Protective Cultures Market – Revenue by Country to 2028 (US$ Million)

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

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

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

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

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

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

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

Figure 30.        Impact of COVID-19 Pandemic in Asia-Pacific

  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 APAC 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 APAC protective cultures market
  • Efficiently plan M&A and partnership deals in APAC 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 APAC protective cultures market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.
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