Global Fermented Food and Ingredients Market is Rising at a CAGR of 4.93%

According to a new market research report published by Inkwood Research, the Global Fermented Food and Ingredients Market is propelling at a CAGR of 4.93% during the forecast period.

"Browse 41 market Data Tables and 46 Figures spread over 200 Pages, along with an in-depth TOC on Global Fermented Food and Ingredients Market Forecast 2020-2028".

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The fermented food and ingredients market refers to the combination of a variety of fermented foods, such as dairy products, bakery & confectionery products, vegetables, and others (non-alcoholic beverages, ingredients such as vitamins, organic acids, amino acids, industrial enzymes). The food fermentation process helps in preserving the food from spoilage by increasing the micronutrients in the product, eliminating the anti-nutrients and extending their shelf life. The market is expected to progress at a substantial rate due to the ever-growing health-related concerns among the population.

Change in Food Habits is Increasing the Demand for Fermented Food and Ingredients

The global market for fermented food is booming at a significant rate, attributed to the changing dietary habits of people. Fermented food benefits the digestion process, and the nutrient absorption from such foods is better. It also helps in improving immunity and decreasing the sugar cravings. Probiotics that assist in progressing gut health and promoting the growth of good bacteria are found in fermented vegetables and yogurt. The growth of the fermented food and ingredients is assured as they are easily available for consumption, appealing to taste and healthy. Also, with the increasing obesity, and the rising fast-food consumption, which lacks the correct nutrition required by the body, the market for fermented foods is sure to flourish.

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Amino Acids - The Largest Ingredient Segment in the Global market

Amino acids are essential or non-essential building blocks of proteins. Essential amino acids are not produced by the body on its own but are required to be supplied by diet as they are important for healthy growth and maintenance of the body. One of the key amino acids, produced using the fermentation process is l-lysine, which is applicable as a chemical agent, feed additive, medicament, and food material. Health benefits is prime factor fueling the fermented ingredients market. These products offer easy solutions to critical health concerns, such as diabetes and obesity. However, while these ingredients have proven health benefits, excessive consumption can be dangerous as well.

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Asia Pacific Region Ruled the Market Globally in 2019

Inkwood Research has segmented the global fermented food and ingredients market into North America, Asia Pacific, Europe and rest of world. Among all, the Asia Pacific region led the overall market by contributing the largest chunk of revenue in the year 2019, and is expected to outperform the other competitive economies during the forecast period. The major factor supplementing the market growth in the region is the growing disposable income among the consumers, especially in countries, such as China and India. Also, the escalating urbanization and fluctuating dietary patterns are projected to leverage the market with growth opportunities over the coming years.

Some of the dominant players operating in the global market are Cargill Incorporated, Evonik, Archer Daniels Midland Company, Royal DSM, Dupont and others. The competition in the market is very intensive, majorly due to the continuous activities to achieve growth. Moreover, many new start-ups are willing to enter the market through partnerships, only to further intensify the market competition.

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This release was published on openPR.