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Fermented Ingredients Market 2023 : Analysis By Major Players, Competitive Landscape And Outlook 2032 | Lallemand Inc., Chr. Hansen Holding A/S, Ajinomoto, BASF, DuPont
Fermented Ingredients Market Share
The Business Research Company's Fermented Ingredients Global Market Report 2023 identifies increasing prevalence of digestive problems and obesity as the major driver for the Fermented Ingredients market's growth in the forecast period. Fermented ingredients are a source of lactic acid bacteria, which restores and supports the digestive system. Furthermore, fermented ingredients also help in reducing blood pressure and improving cholesterol levels. According to the World Health Organization (WHO), worldwide obesity has tripled since 1975. Furthermore, according to a study by the Harvard T.H. Chan School of Public Health, by 2030, about 50% of the US adult population will be obese and around 25% will be severely obese.
The global fermented ingredients market size grew from $32.42 billion in 2022 to $35.15 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The fermented ingredients market size is expected to grow to $49.2 billion in 2027 at a CAGR of 8.8%.
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Major competitors in the Fermented Ingredients market are Lallemand Inc., Chr. Hansen Holding A/S, Ajinomoto, BASF, DuPont, Döhler Group, Cargill, Lonza AngelYeast Co. Ltd., Vander Mill, Citizen Cider LLC, India Cocoa, Red Boat, Squid, Angel Yeast Co. Ltd., E.I. du Pont de Nemours and Company, International B.V., Kerry, DIANA Group, and Olam International .
A key trend in the Fermented Ingredients market includes use of sustainable alternatives in fermented ingredients. For instance, Finland-based VTT Technical Research Centre uses fungus to create nature-identical egg white protein. Fermentation can be used to make a range of foods by cultivating plant cells, including avocado, cocoa, or berries.
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The Fermented Ingredients market is segmented -
By Type: Amino Acids, Organic Acids, Polymers, Vitamins, Industrial Enzymes, Antibiotics
By Form: Liquid, Dry
By Application: Food And Beverage, Pharmaceuticals, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Fermented Ingredients market.
The Business Research Company's "Global Fermented Ingredients Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Fermented Ingredients Market Include:
1. Executive Summary
2. Fermented Ingredients Market Characteristics
3. Fermented Ingredients Market Trends And Strategies
4. Fermented Ingredients - Macro Economic Scenario
5. Fermented Ingredients Market Size And Growth
……
26. Africa Fermented Ingredients Market
27. Fermented Ingredients Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Fermented Ingredients Market Market
29. Fermented Ingredients Market Future Outlook and Potential Analysis
30. Appendix
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