South and Central America Protective Cultures Market
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.
Strategic insights for the South and Central America Protective Cultures provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 10.83 Million |
| Market Size by 2028 | US$ 20.30 Million |
| Global CAGR (2021 - 2028) | 9.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Target Microorganism
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
The geographic scope of the South and Central America Protective Cultures refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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.
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
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.
The South and Central America Protective Cultures Market is valued at US$ 10.83 Million in 2021, it is projected to reach US$ 20.30 Million by 2028.
As per our report South and Central America Protective Cultures Market, the market size is valued at US$ 10.83 Million in 2021, projecting it to reach US$ 20.30 Million by 2028. This translates to a CAGR of approximately 9.4% during the forecast period.
The South and Central America Protective Cultures Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South and Central America Protective Cultures Market report:
The South and Central America Protective Cultures Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South and Central America Protective Cultures Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South and Central America Protective Cultures Market value chain can benefit from the information contained in a comprehensive market report.
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