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North America Microbial Food Culture Market is segmented by Type (Starter Cultures, Adjunct and Aroma Cultures, and Probiotics), by End-user Industry (Bakery and Confectionery, Dairy, Fruits and Vegetables, Beverages, and Other End-user Industries), and by Geography.
The North America microbial food culture market is projected to grow at a CAGR of 5.1% during the forecast period 2020-2025
The North America microbial food culture market is segmented by type and its application in end-user industries. By type, the market is segmented into starter cultures, adjunct and aroma cultures, and probiotics; and by application into bakery and confectionery, dairy, fruits and vegetables, beverages, and other end-user industries. Also, the study provides an analysis of the microbial food culture market in the emerging and established markets across North America, including the United States, Mexico, Canada, and the Rest of North America.
|Adjunct and Aroma Cultures|
|Bakery and Confectionery|
|Fruits and Vegetables|
|Other End-user Industries|
|Rest of North America|
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The probiotics market is expected to grow significantly in the North America region owing to the rising consciousness for healthy lifestyles, and the booming digestive health supplement in the region. Some of the well-known benefits of probiotics include relief in immune system-stimulation and minimizing disorders such as diarrhoea and lactose intolerance. These probiotics are majorly found in supplement form or as components of foods & beverages, especially integrated with inexpensive health foods, such as yogurt, fruit juices, and cultured dairy drinks. The yogurt as a probiotic product accounts for the major share in the probiotics market, followed by probiotic drinks such as kefir, kimchi, and kombucha. Thus, the increasing demand for yogurt in the region is thereby strengthening the demand for microbial food culture in the food and beverage industries.
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The United States is expected to have the fastest growth in the North American market. The large demand for microbial food culture in the country can be attributed to the changing human dietary patterns and the adoption of healthy habits. Moreover, the high demand for alcoholic beverage consumption, especially beer, which uses the largest share of microbial food culture further propels the growth of the market in the country. Also, the rising demand for yeats culture in bakery industries and the increasing consumption of baked goods in the country has further contributed to the growth of the market. Furthermore, technological innovation and upgradation are another key driving factor for the market growth of microbial food culture in the country. For instance, leading companies in North America introduced technologies such as microencapsulation which enhances the stability and life of the probiotic bacteria.
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The North America microbial food culture market is competitive and fragmented in nature owing to the presence of many regional and domestic players. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Key players dominating the country's market include Kerry Group PLC, Koninklijke DSM NV, DuPont de Nemours, Inc., Corbion NV, Cargill, Incorporated, and Lallemand Inc., among others.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Starter Cultures
5.1.2 Adjunct and Aroma Cultures
5.2 By End-Industry
5.2.1 Bakery and Confectionery
5.2.3 Fruits and Vegetables
5.2.5 Other End-user Industries
5.3 By Country
5.3.1 United States
5.3.4 Rest of North America
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Kerry Group PLC
6.4.2 Koninklijke DSM NV
6.4.3 DuPont de Nemours, Inc.
6.4.4 Corbion NV
6.4.5 Cargill, Incorporated
6.4.6 Lallemand Inc.
6.4.7 CSK Food Enrichment USA Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability