The global market for Fermented Food and Ingredients valued at USD 716.13 Billion in 2022 is projected to reach a revised size of USD 1084.12 Billion by 2030, growing at a CAGR of 5.32% over the period 2022-2030.
Fermented Food and Ingredients undergo a microbial process that enhances their quality and nutritional value. This market encompasses various food types such as fermented confectionery, beverages, dairy, and bakery products. The rising prevalence of obesity and digestive issues in developing economies is expected to drive the demand for fermented food and ingredients. Increasing worldwide usage of fermented food, driven by consumer perceptions of the fermentation process, is a key factor in market growth. Amino acids are vital ingredients in the fermented food and ingredients market. During the forecast period, organic acids and industrial enzymes are expected to experience significant growth due to their potential for value addition. Fermented food and ingredients enhance the quality, texture, and flavor of food products and supplements, thus boosting market growth in the projected years.
Top Key Players Covered In The Fermented Food and Ingredients Market:
- Archer Daniels Midland Company (US)
- Ajinomoto Inc. (Japan)
- Angel YeastCo. Ltd. (China)
- Cargill Inc (US)
- CHR Hansen (Denmark)
- CSK Food Enrichment (Netherlands)
- Danone S.A (France)
- Dohler GmbH (Germany)
- General Mills In (US)
- Kerry Group (Ireland)
- KeVit (India)
- NestléS.A (Switzerland)
- Novozymes A/S (Denmark)
- Royal FrieslandCampina N.V (Netherlands)
- Tetra Pak International S.A (Switzerland), and other major players.
Market Dynamics and Factors:
There is a rising consumer focus on health and wellness, leading to increased demand for functional and nutritious food products. Fermented food and ingredients are perceived to offer various health benefits, such as improved digestion, enhanced gut health, and increased nutrient bioavailability. This consumer interest in health is a major driver of the fermented food and ingredients market. Fermented foods have deep cultural roots and are an integral part of the culinary traditions in many regions. Consumers' attachment to their cultural heritage and the desire to maintain traditional food practices contribute to the demand for fermented food and ingredients. This driver is particularly significant in regions such as Asia, where fermented products have long been consumed and celebrated.
The global market for fermented food and ingredients has the potential to expand its consumer base. There is growing awareness and interest in fermented products among consumers worldwide. Educating and informing consumers about the health benefits and diverse offerings of fermented food and ingredients can unlock new market opportunities. Advances in fermentation technologies present opportunities for improving the quality, consistency, and efficiency of the fermentation process. Innovations in starter cultures, fermentation vessels, and monitoring systems can enhance production capabilities and contribute to the growth of the market.
The Fermented Food and Ingredients Market Report Highlight:
- By Food Type, the fermented beverages segment is anticipated to lead the growth of the Fermented Food and Ingredients market in the forecasted timeframe. There is a rising interest among consumers in fermented beverages due to their perceived health benefits, unique flavors, and cultural significance.
- By Ingredient Type, the Amino acid segment is expected to have the highest share of the Fermented Food and Ingredients market over the projected period. is a result of their essential role in nutrition, and flavor enhancement, and their wide range of applications in the food, pharmaceutical, and dietary supplement industries.
- By Distribution Channel, the Online store’s segment is anticipated to lead the growth of the Fermented Food and Ingredients market in the forecasted timeframe. It can be attributed to the convenience, global reach, wide product selection, and promotion opportunities they provide.
- The Asia Pacific region is expected to have the highest share of the Fermented Food and Ingredients market over the projected period. Due to growing disposable incomes, urbanization, and supportive government measures. The region's vast consumer base and evolving market dynamics make it a key player in the global fermented food and ingredients industry.
Key Industry Development:
- In November 2019, Cargill and DSM entered into a joint venture to commence commercial-scale production of EverSweet™ stevia sweetener. This partnership was established in response to the growing demand for reduced-calorie food and beverages among health-conscious individuals.
Fermented Food and Ingredients Market Segmentation:
By Food Type
- Fermented Dairy Products
- Fermented Beverages
By Ingredient Type
- Organic Acids
- Amino Acids
- Industrial Enzymes
By Distribution Channel
- Online Stores
- Supermarkets
For this report, Introspective Market Research has segmented the Fermented Food and Ingredients Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2030)
North America
- The U.S.
- Canada
- Mexico
Eastern Europe
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
