South and Central America Protective Cultures Market

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.

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
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• 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

South and Central America Protective Cultures Market Strategic Insights

South and Central America Protective CulturesMarket Report Highlights

South and Central America Protective Cultures Market Country and Regional Insights