According to the report, the Global Fermented Ingredients Market accounted for $28.46 billion in 2019 and is expected to reach $65.59 billion by 2027, growing at a CAGR of 11% during the forecast period.
Rising awareness about food preservation and high demand for antibiotics are the major factors driving the market growth. However, inconsistent availability of quality raw material and possibilities of health risks due to fermentation are restraining the market growth. Technological innovation and increase in the number of applications would provide ample opportunities for the market growth.
Fermentation is one of the processes which is useful in converting sugar to acids, gases, and alcohol. Alcohol products such as beer and wine are produced from grains and fruits which are fermented. Lactic acid and ethanol are the healthiest products of fermentation ingredients. By fermentation process ascorbic acid and riboflavin are the most important vitamins derived. This fermentation is useful for adding flavor to food and make it tastier and for changing form of food. Fermentation also helps in keeping the food for long time in good condition.
Based on application, the personal care segment is likely to have a huge demand. Advanced amino acids and enzymes used in personal care applications are responsible for the enhanced features and results of personal care products, which in turn have led to the increase in demand for fermented ingredients in the personal care industry. By geography, Asia-Pacific is going to have a lucrative growth during the forecast period.
The improved agricultural growth over the past decade as well as the advancements in the food & beverage industry in this region has resulted in new opportunities for the fermented ingredients market.
Some of the key players profiled in the Fermented Ingredients Market include Ajinomoto Corporation Inc., Angelyeast Co Ltd., Associated british Food (ABF), BASF SE, Cargill Incorporated, CHR Hansen A/S, Citizen Cider LLC, Dohler Group, E.I. DuPont de Nemours and Company, India Cocoa, Kerry Group, Koninklijke DSM N.V., Lallemand Inc., Lonza, Red boat, Squid and Vander Mill.
What the report offers:
Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter's five forces analysis, SWOT analysis, etc.
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements
Key Topics Covered:
1 Executive Summary
2 Preface 2.1 Abstract 2.2 Stake Holders 2.3 Research Scope 2.4 Research Methodology 2.4.1 Data Mining 2.4.2 Data Analysis 2.4.3 Data Validation 2.4.4 Research Approach 2.5 Research Sources 2.5.1 Primary Research Sources 2.5.2 Secondary Research Sources 2.5.3 Assumptions
10 Global Fermented Ingredients Market, By Geography 10.1 Introduction 10.2 North America 10.2.1 US 10.2.2 Canada 10.2.3 Mexico 10.3 Europe 10.3.1 Germany 10.3.2 UK 10.3.3 Italy 10.3.4 France 10.3.5 Spain 10.3.6 Rest of Europe 10.4 Asia-Pacific 10.4.1 Japan 10.4.2 China 10.4.3 India 10.4.4 Australia 10.4.5 New Zealand 10.4.6 South Korea 10.4.7 Rest of Asia-Pacific 10.5 South America 10.5.1 Argentina 10.5.2 Brazil 10.5.3 Chile 10.5.4 Rest of South America 10.6 Middle East & Africa 10.6.1 Saudi Arabia 10.6.2 UAE 10.6.3 Qatar 10.6.4 South Africa 10.6.5 Rest of Middle East & Africa
11 Key Developments 11.1 Agreements, Partnerships, Collaborations and Joint Ventures 11.2 Acquisitions & Mergers 11.3 New Product Launches 11.4 Expansions 11.5 Other Key Strategies
12 Company Profiling 12.1 Ajinomoto Corporation Inc. 12.2 Angelyeast Co Ltd. 12.3 Associated British Food (ABF) 12.4 BASF SE 12.5 Cargill Incorporated 12.6 CHR Hansen A/S 12.7 Citizen Cider LLC 12.8 Dohler Group 12.9 E.I. DuPont de Nemours and Company 12.10 India Cocoa 12.11 Kerry Group 12.12 Koninklijke DSM N.V. 12.13 Lallemand Inc. 12.14 Lonza 12.15 Red Boat 12.16 Squid 12.17 Vander Mill