The global Fermented Food and Ingredients Market will be worth USD 875.21 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the rising need for food preservation. The increasing awareness among the health conscious population and their changing dietary patterns is expected to drive the demand for fermented ingredients and food products over the forecast period. Advancements in the food & beverage industry have resulted in the increasing utilization of fermented ingredients for the production of processed food & beverages. Increased demand for nutritious and healthy food & beverage products has resulted in the growth of the market. Advancements in the biopharmaceutical industry are expected to fuel the development of the market over the forecast period. Increasing innovations and the launch of newly enhanced products by the emerging and key players in the market is augmenting the market growth at the global level.
The study is a professional probe into the revenue generated and capacity estimates for the Fermented Food and Ingredients market for the forecast period 2020 - 2027 empower the business owners to maintain a competitive edge over their rivals. The research further examines and provides data on the market by type, application and geography interspersed with illustrations and other graphical representations. The market analysis not only determines the attractiveness of the industry but also the evolving challenges and opportunities and their association with the weaknesses and strengths of prominent market leaders. Other factors taken into consideration when studying the industry include profitability, manufacturing capability, distribution channels and industry cost structure and major success factors.
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Key Highlights From The Report
In November 2019, a joint venture took place between Cargill and DSM. Through the joint venture, they started commercial-scale production of EverSweet™ stevia sweetener as there is an increasing demand for reduced calorie-food and beverages among the health-conscious population.
The fermented beverages segment held the largest market share of 38.2% in 2019. Increasing consumption of fermented beverages like beer is expected to drive the demand for the fermented ingredients.
Amino Acids are forecasted to grow with the fastest CAGR of 6.6% over the forecast period. Growing preference for high protein diets among the health-conscious population has increased the demand for amino acids in the production of fermented ingredients.
Supermarkets accounted for the largest market share in 2019 as the supermarkets & hypermarkets are contributing over half of the total sales in the developing countries.
The Asia Pacific region is expected to be the fastest-growing region over the forecast period. The enhanced agricultural growth in the emerging economies and the improvements in the food & beverage industry have resulted in the growth of the region's market.
Key participants includeI. Dupont De Nemours and Company, Cargill, Incorporated, Angel Yeast Co. Limited, BASF SE, Lonza, Archer Daniels Midland Company, Koninklijke DSM N.V., Danone, CHR. Hansen A/S and Evonik Industries, among others.
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Food Type Outlook (Revenue, USD Billion; 2017-2027)
Fermented Dairy Products
Fermented Beverages
Fermented Confectionary & Bakery Products
Fermented Vegetable Products
Ingredient Type Outlook (Revenue, USD Billion; 2017-2027)
Organic Acids
Amino Acids
Vitamins
Industrial Enzymes
Others
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
Online Stores
Supermarkets
Health Stores
Others
Regional Outlook (Revenue, USD Billion; 2017-2027)
North America
Europe
Asia Pacific
Latin America
MEA
Table of Content
Chapter 1. Methodology & Sources
1.1. Fermented Food and Ingredients Market Definition
1.2 Fermented Food and Ingredients Market Research Scope
1.3. Fermented Food and Ingredients Market Methodology
1.4. Fermented Food and Ingredients Market Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Fermented Food and Ingredients Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Fermented Food and Ingredients Market Segmentation & Impact Analysis
Continued…
