Fermented Foods and Ingredients Market

Fermented Foods and Ingredients Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Fermented Foods and Ingredients Market grew at a CAGR of 6.7% between 2017-2021 and is estimated to be US$ 67685.3 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 6.3% and is expected to reach a valuation of US$ 1,24,688.7 Mn by 2032 end.

Food additives are compounds that have undergone fermentation. These are refined or partially refined versions of numerous materials, including amino acids, organic acids, polymers, vitamins, antibiotics, industrial enzymes, and biogas. Industrial fermentation is a complicated, multi-step process that produces food, feed, fuel, and other goods from resources, including sugar, starches, and cellulose.

The conversion of these elements occurs in the fermentor with enzymes or microorganisms like yeast and algae, which can be modified. The report’s aims include examining the market’s prospects for stakeholders, presenting a competitive landscape of market trends, outlining the market’s supply chain, and estimating its size.

Market Dynamic

RISING AWARENESS OF HEALTH CONSCIOUSNESS ACROSS THE WORLD IS DRIVING THE GLOBAL FERMENTED FOODS MARKET

The market for fermented foods is driven by customer choice for healthy food and rising interest in natural and organic foods. Since ancient times, fermented foods have been consumed, although not at an increasing rate. However, in the present, as consumers turn to chemical-free meals, the demand for fermented foods is rising.

Additionally, because fermented foods contain probiotics and bio preservatives, which are major contributors to the global fermented foods market, consumers assume that they are completely organic foods.

Market Segments Covered in Report

By Type:

• Amino acids
• Organic acids
• Industrial enzymes
• Antibiotics
• Polymer
• Vitamins
• Biogas

By Form:

• Dry form
• Liquid form

By Process:

• Batch fermentation
• Continuous fermentation
• Aerobic fermentation
• Anaerobic fermentation

By Application:

• Food & beverage
• Feed
• Pharmaceuticals
• Personal Care
• Paper
• Biofuel
• Textile & leather

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why is food & beverage estimated to account for the largest market share?

Beer, bread, yogurts, and cheese are foods and beverages that frequently use fermented components. Numerous culinary products contain fermented amino acids, and varied amino acids give the foods utilized in different flavors. The market for fermented parts in food and beverages is anticipated to grow as they are used more frequently in dairy and pastry goods. With the development of microbiology and biotechnology, the market for fermented components has expanded to include food and drinks as a major business.

Why are Amino acids expected to expand the fastest during the forecast period?

Over the projection period, the category for amino acids is expected to increase at the quickest CAGR of 6.6%. The use of fermented amino acids in the production of dairy and beverage products has expanded as a result of the food and beverage industry’s growing demand to improve the texture, quality, and flavor of food items.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

• With a 33.1% market share for fermented foods and ingredients, Europe held the greatest market share. The demand for the market in the area is driven by the rising use of fermented foods and beverages like yogurt, cheese, and alcohol.
• The key factor driving South Asia’s rapid expansion in the worldwide fermented food market during the forecast period is its rising per capita income, which suggests that the region is becoming more health-conscious.

Competition Analysis

The small- and medium-sized manufacturers that make up a big portion of the global share of the fermented food and ingredient market are somewhat fragmented. The firms are engaged in numerous R&D projects and have well-equipped manufacturing facilities.

A list of some of the key suppliers present in the market are:

• Dupont De Nemours and Company
• Cargill, Incorporated
• Angel Yeast Co. Limited
• BASF SE
• Lonza
• Archer Daniels Midland Company
• Koninklijke DSM N.V.
• Danone
• Hansen A/S
• Evonik Industries

Report Coverage and Highlights

• Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
• Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
• The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
• Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
• Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
• Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
• Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
• Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
• Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
• Strategic market analysis, recommendations, and future headways on crucial winning strategies.