Press release
Fermented Ingredients Market is valued at US$ 31,997.4 million by 2029
Fermented Ingredients Market
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The global fermented ingredients market is estimated to have reached a value of US$ 31,997.4 million in 2019. According to a study by Future Market Insights, the market is set to rise at a healthy 7.4 % CAGR through the forecast period ending in 2029. The rising incidences of obesity and digestive issues and health awareness among consumers are major factors driving the growth of the market.
Key Takeaways in Fermented Ingredients Market Study
North America and Europe are dominating the fermented ingredients market accounting for 44.6 and 30.6 % of the overall revenue, and are expected to witness a steady rate of growth during the forecast period owing to production of items such as cheese, and wine, and a matured industry for food processing.
Food and beverage applications account for the largest sector in the industry, with increased consumer awareness about the benefits on consuming fermented ingredients which will continue in the years ahead.
Rising levels of environmental awareness and the increasing inclination towards biodegradable plastics, and a high potential of use in the bio-pharma sector owing to medical innovations and high efficacy characteristics are projected to drive the industry during the forecast period.
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Sourcing Raw Materials and Costs Restrain Market
Inconsistencies in the availability of raw materials is a major factor restraining the fermentation ingredients market, which is expected to continue in the long term. The problems are also compounded by the high prices of raw materials, which will impact procurement activities around the world. Goring demand from regions such as Africa, China and India, will be able to partially offset these constraints.
Frequently Asked Questions About Fermented Ingredients Market
What drives the Fermented Ingredients market?
Who are the major players in the Fermented Ingredients Market?
Which regions will lead the global sales of fermented ingredients?
Which product type offers most lucrative growth opportunities?
Which segment based on industry application will record the highest growth?
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Table Of Content
1. Executive Summary
2. Market Overview
3. Market Dynamics
4. Macro-economic Factors
5. Food & Beverage Industry Outlook
6. Forecast Factors
7. Key Regulations
8. Value Chain Analysis
9. Global Fermented Ingredients Market – Pricing Analysis
10. Global Fermented Ingredients Market Demand Analysis 2014-2018 and Forecast, 2019-2029
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About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth.
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