South and Central 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)

Code: TIPRE00025725 | Pages: 72 | Industry: Food and Beverages | Date: Nov 2021
Covid

Market Introduction

The protective cultures market in South and Central America is segmented into Brazil, Argentina, and the rest of South and Central America. Protective cultures are used in meat and fermented dairy products to extend their shelf life. The short shelf life of food items has become a major concern in the food & beverages industry, which has promoted the use of protective cultures. In addition, protective cultures inhibit the growth of pathogens and other microorganisms that cause food spoilage. Thus, the use of protective cultures is increasing in the food processing industry for various products such as dairy products, beverages, and meat poultry, & seafood products. The rising expenditure on these products and the increasing disposable income are driving the protective cultures market growth in South and Central America. In addition, growing industrialization, rising food production business, and changing food habits of consumers, increasing demand for food with natural ingredients bolster the growth of the protective cultures market in the region. Further, the increase in consumer preference toward clean label products is expected to create lucrative opportunities for the market in the region during the forecast period.

Brazil has reported the highest number of COVID-19 cases in South and Central America, followed by Ecuador, Chile, Peru, and Argentina. Governments of South American countries have taken an array of actions to protect their citizens by limiting the spread of COVID-19. South America is anticipated to face lower export revenues, both from the lowered commodity prices and reduced export volumes, especially to China, Europe, and the US, which are important trade partners. Containment measures have reduced economic activities in the food and beverage sector in several South American countries. Manufacturers looking forward to reviving from the current situation by reshaping their strategies as well as product innovation.


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Market Overview and Dynamics

The protective cultures market in SCAM is expected to grow from US$ 10.83 million in 2021 to US$ 20.30 million by 2028; it is estimated to grow at a CAGR of 9.4% from 2021 to 2028. Emergence of animal feed as lucrative application; Animal feed products improve animals' health. Rapid urbanization and increasing consumption of meat and other end products, such as eggs and milk, across diverse regions stimulate the growth of the animal feed market. The animal feed helps enhance the animal's abilities by providing enriched nutrients and feedstuff, which accelerate growth and weight gain and strengthen immunity. Outbursts of diseases in animals are bolstering the adoption of animal feed as it heightens the animals' health and proper regulation of the food chain. Moreover, the high growth in the animal feed market is supported by the growth strategies of significant players in the form of investments and expansions, which helps them enhance the product portfolio and reach out to new target markets. Moreover, protective cultures have application in formulating clean label animal feed and pet foods. Animal feed manufacturers are focusing on evolving specialty cultures for animal feed. In recent years, silage producers in Europe have been using microbial strains to inhibit the growth of pathogenic micro-organisms in silage. For instance, DeLaval Inc. offers Feedtech Silage F3000, a bacterial culture that safeguards mold, clostridia, and yeast from developing and destroying the silage. Such rising initiatives by manufacturers for developing protective cultures for animal feed preservation are projected to create lucrative opportunities for 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 SCAM protective cultures market is bifurcated into bacteria, and yeasts & molds. In 2020, the yeasts & molds segment held the largest share SCAM 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 SCAM 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 SCAM 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 SCAM protective cultures market
  • Efficiently plan M&A and partnership deals in SCAM 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 SCAM protective cultures market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in SCAM region.

 

SCAM 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

  • Brazil
  • Argentina
  • Rest of South and Central America

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.           SCAM 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.           SCAM 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 – SCAM Market Analysis

6.1         SCAM Protective Cultures Market Overview

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

7.           SCAM Protective Cultures Market Analysis – By Target Microorganism

7.1         Overview

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

7.3         Bacteria

7.3.1        Overview

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

7.4         Yeasts & Molds

7.4.1        Overview

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

8.           SCAM Protective Cultures Market Analysis – By Application

8.1         Overview

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

8.3         Food Processing

8.3.1        Overview

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

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

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

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

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

8.4         Animal Feed

8.4.1        Overview

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

9.           SCAM Protective Cultures Market – Country Analysis

9.1         South and Central America: Protective Cultures Market

9.1.1        South and Central America: Protective Cultures Market, by Key Country

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

9.1.1.1.1          Brazil: Protective Cultures Market, by Target Microorganism

9.1.1.1.2          Brazil: Protective Cultures Market, by Application

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

9.1.1.2.1          Argentina: Protective Cultures Market, by Target Microorganism

9.1.1.2.2          Argentina: Protective Cultures Market, by Application

9.1.1.3          Rest of South and Central America: Protective Cultures Market –Analysis and Forecast to 2028 (US$ Million)

9.1.1.3.1          Rest of South and Central America: Protective Cultures Market, by Target Microorganism

9.1.1.3.2          Rest of South and Central America: Protective Cultures Market, by Application

10.        Overview- Impact of Coronavirus Outbreak

10.1      South and Central America: 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.             SCAM Protective Cultures Market –Revenue and Forecast to 2028 (US$ Million)

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

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

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

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

Table 6.             Rest of South and Central America Protective Cultures Market, by Target Microorganism – Revenue and Forecast to 2028 (US$ Million)

Table 7.             Rest of South and Central America Protective Cultures Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 8.             List of Abbreviation


LIST OF FIGURES

Figure 1.           SCAM Protective Cultures Market Segmentation

Figure 2.           SCAM Protective Cultures Market Segmentation – By Country

Figure 3.           SCAM Protective Cultures Market Overview

Figure 4.           SCAM Protective Cultures Market, By Target Microorganism

Figure 5.           SCAM Protective Cultures Market, By Country

Figure 6.           SCAM Protective Cultures Market, Industry Landscape

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

Figure 8.           SCAM Protective Cultures Market – Ecosystem Analysis

Figure 9.           Expert Opinion

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 26.        Rest of South and Central America: Protective Cultures Market –Revenue and Forecast to 2028 (US$ Million)

Figure 27.        Impact of COVID-19 Pandemic in South and Central 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 SCAM 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 SCAM protective cultures market
  • Efficiently plan M&A and partnership deals in SCAM 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 SCAM protective cultures market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in SCAM region.
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