Press release
Fermented Ingredient Market to reach the value of US$ 74,591.6 Million with CAGR of 6.6% by 2029
Fermented Ingredients Market
Fermented ingredients application in food & beverages grew 5.2% in the historical period to US$ 12,600.3 Million in 2021, while the application in the paper industry of fermented ingredients was up 8.8% to US$ 7,116.8 Million in 2021.
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Sales of fermented ingredients will represent 31.2% of the overall demand in the global food additives market. Fermented substances are acidic elements that are frequently used in food preservation activities for the preparation of fermented ingredients food, which is a major driving force behind their acceptance in the food processing sector to improve product shelf life. The demand for fermented ingredients in skincare is boosting the demand for the product as fermented ingredients in cosmetics is a significant trend boosting the market globally.
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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“The top competitors in the fermented ingredient market in emerging countries are increasingly inclined towards new innovative technology for the production of products with enhancing shelf life of products as a preservative and adding flavor. This factor is owing to the high demand for fermented ingredient globally “According to FMI's main analyst.
Health Benefits of Fermented Foods
Fermented foods have been an essential element of many cultures' diets, and fermentation has been linked to a variety of health advantages over time. As a result, the fermentation process and the fermented compounds that follow have recently piqued scientific attention. Furthermore, microbes involved in the fermentation process have lately been linked to a variety of health advantages, and as a result, these microorganisms have become a hot topic.
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Competitive Landscape
Some of the leading companies offering fermented ingredient Market are Ajinomoto Corporation Inc., Allied Bakeries, Angelyeast Co., Ltd., Associated British Food (ABF), Bakels, BASF SE, Cargill, Incorporated, CHR. Hansen A/S, CSK Food Enrichment, Dawn Food Products, Döhler Group, E.I. Dupont De Nemours and Company, and others.
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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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