Press release
Fermented Ingredients Market 2024-2033: Size, Share & Competitive Landscape Analysis
The fermented ingredients market size is expected to see strong growth in the next few years. It will grow to $54.44 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to adoption of fermented ingredients in the pharmaceutical and nutraceutical industries, emphasis on sustainable and eco-friendly food production practices, research and development in fermented ingredients for personalized nutrition, need for reduced sugar and salt alternatives in food formulations, expansion of fermented ingredients in animal feed and pet food industries. Major trends in the forecast period include fermented plant-based proteins, artisanal and small-batch fermentation, clean label and minimal processing, precision fermentation and biotechnology, fermented ingredients in personal care and cosmetics.
Market Overview -
Fermented ingredients are food additives that are used for triggering fermentation in food and non-food products to obtain the desired chemical properties in taste, aroma, texture, and appearance. Fermented ingredients are added to initiate controlled microbial growth and conversion of components through enzymatic action as part of the fermentation process.
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Increasing Digestive Health Concerns And Obesity Drive Fermented Ingredient Market Growth
The increasing prevalence of digestive problems and obesity is expected to propel the growth of the fermented ingredient market. Fermented ingredients are a source of lactic acid bacteria, which restores and supports the digestive system. Furthermore, fermented ingredients also help in reducing blood pressure and improving cholesterol levels. For instance, in March 2022, according to the World Health Organization, a Switzerland-based agency, 650 million adults, 340 million teenagers, and 39 million children will be obese. This quantity is still rising, and the WHO predicts that by 2025, 167 million adults and children will become overweight or obese. Rising health-related concerns, as well as shifting consumer preferences toward fermented and healthy foods and lifestyles, are expected to boost demand for fermented ingredients during the forecast period.
Competitive Landscape -
Major companies operating in the fermented ingredients market include Lallemand Inc., Chr. Hansen Holding A/S, Ajinomoto Co. Inc., BASF SE, DuPont de Nemours Inc., Döhler Plc, Cargill Inc., Angel Yeast Co. Ltd., Vander Mill LLC, Citizen Cider LLC, India Cocoa Pvt. Ltd., Red Boat Trading Co. Ltd., Squid Ltd., Angel Yeast Co. Ltd., E.I. du Pont de Nemours and Company, International B.V, Kerry plc, DIANA Group Ltd., Olam International Ltd., Koninklijke DSM NV, Associated British Foods plc, Angel yeast Co. Ltd., Bakel Group, Lactobacillus, Chr. Hansen Holding A/S, Orkla ASA, Kyowa Hakko Kirin Co. Ltd., Evonik Industries AG, Riken Vitamin Co. Ltd., Oleon NV, Zhengzhou Honest Food Co. Ltd., Stepan Company, Dohler Group SE
Growing Sustainable Alternatives Enhance Fermented Ingredients Market
The use of sustainable alternatives in fermented ingredients is a key trend gaining popularity in the market. The use of bioreactors instead of using animals and fields for food production requires fewer environmental inputs, especially water and land. For instance, Finland-based VTT Technical Research Centre uses fungus to create nature-identical egg white protein. Fermentation can be used to make a range of foods by cultivating plant cells, including avocado, cocoa, or berries. Also, Netherlands-based The Protein Brewery makes meat alternatives from fungi under its Fermotein brand.
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Key Segments -
The fermented ingredients market covered in this report is segmented -
1) By Type: Amino Acids, Organic Acids, Polymers, Vitamins, Industrial Enzymes, Antibiotics
2) By Form: Liquid, Dry
3) By Application: Food And Beverage, Pharmaceuticals, Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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