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Dairy Cultures Market to Reach $1,473.2 Million, Globally, by 2032 at 5.8 % CAGR: Allied Market Research
Consumers' increasing interest in health and wellness has significantly fueled the demand for fermented dairy products in recent years. Fermented dairy products are rich in probiotics, live beneficial bacteria that promote gut health. This heightened awareness of the importance of gut health and its impact on overall well-being has driven consumers to incorporate more fermented dairy items into their diets. However, supply chain disruptions represent a significant restraint in the dairy culture market. The dairy culture market is experiencing a significant upswing driven by the prevailing health and nutrition trend. Consumers, now more than ever, are prioritizing their well-being, leading to a surge in demand for health-conscious food choices.
Based on the fermentation type, the yeast-lactic acid segment held the highest market share in 2022, accounting for more than one-fifth of the global dairy culture market revenue and is estimated to maintain its leadership status throughout the forecast period. However, the fungus-lactic acid segment is projected to manifest the highest CAGR of 6.5% from 2023 to 2032.
Based on end user, the cheese segment held the highest market share in 2022, accounting for about more than two-fifth of the global dairy culture market revenue and is estimated to maintain its leadership status throughout the forecast period. However, the yogurt segment is the fastest-growing segment and is projected to manifest the highest CAGR of 6.5% from 2023 to 2032.
Based on the type, the thermophilic segment held the highest market share in 2022, accounting for around three-fifths of the global plant-based cheese market revenue, and is estimated to maintain its leadership status throughout the forecast period. However, the mesophilic segment is projected to manifest the highest CAGR of 6.8% from 2023 to 2032.
The Asia-Pacific region held the highest market share in 2022, accounting for one-fifth of the global market revenue, and is estimated to maintain its leadership status throughout the forecast period. It is also the fastest growing region and is projected to manifest the highest CAGR of 6.9% from 2023 to 2032.
The report provides a detailed analysis of these key players in the global dairy culture market. These players have adopted different strategies such as new product launches, business expansion, partnerships, mergers, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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