Fermented Foods and Beverages Market to Be Worth $1,001.58 Billion by 2030

Meticulous Research®-leading global market research company, published a research report titled, 'Fermented Foods and Beverages Market by Product (Fermented Foods {Dairy Products, Vegetables}, Fermented Beverages {Alcoholic, Non-alcoholic}), Ingredient (Probiotics, Amino Acids), and Distribution Channel (Convenience Stores, E-commerce)-Global Forecast to 2030.'

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According to this latest publication from Meticulous Research®, in terms of value, the fermented foods and beverages market is projected to reach $1,001.58 billion by 2030, at a CAGR of 6.3% from 2023 to 2030. Increasing consumer awareness regarding the health benefits of fermented foods and beverages, rising preference for healthy food, and the increasing popularity of probiotic foods and beverages among consumers are some of the factors expected to drive the growth of the fermented foods and beverages market across the globe. Moreover, the growing vegan population and rising consumer preference for plant-based foods are expected to support the growth of this market.

The fermented foods and beverages market study presents historical market data in terms of values (2021 and 2022), estimated current data (2023), and forecasts for 2030-by product (fermented foods {dairy products {yogurt, kefir, cheese, sour cream, and other fermented dairy products}, bakery and confectionery products {breads, cakes, and other bakery and confectionery products}, vegetables, meat and seafood, and other fermented foods}, fermented beverages {alcoholic beverages {wine, beer, and other alcoholic beverages}, non-alcoholic beverages {juices, herbal tea, and other non-alcoholic beverages}), ingredient (probiotics, amino acids, organic acids, vitamins, industrial enzymes, and other ingredients), and distribution channel (supermarkets & hypermarkets, convenience stores, specialty stores, E-commerce, and other distribution channels). The study evaluates industry competitors and analyzes the market at the regional and country levels.

Based on product, the market is primarily segmented into fermented foods and fermented beverages. The fermented foods segment is expected to account for the larger share of the fermented foods and beverages market in 2023, owing to the rising demand for fermented food products because of their several health benefits such as antioxidant, anti-fungal, anti-inflammatory, anti-microbial, and anti-atherosclerotic properties; rising consumer spending; the growing global food industry, and consumer inclination towards healthy foods. In addition, the fermented foods market is further segmented into dairy products, bakery and confectionery products, vegetables, meat and seafood, and other fermented foods. The dairy products segment is expected to account for the largest share of the fermented foods market in 2023, owing to the growing demand for dairy products across the globe. In addition, consumers who are intolerant to lactose prefer fermented dairy products as they are easy to digest compared to unfermented milk.

Based on ingredient, fermented foods and beverages are segmented into probiotics, amino acids, organic acids, vitamins, industrial enzymes, and other ingredients. The probiotics segment is expected to account for the largest share of the fermented foods and beverages market in 2023, owing to the growing consumer awareness about the health benefits of probiotics in food and beverage products, such as improved digestive health, immune health, and weight management, along with rising health & wellness trends.

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Based on distribution channel, the fermented foods and beverages market is segmented into supermarkets & hypermarkets, convenience stores, specialty stores, E-commerce, and other distribution channels. The supermarkets & hypermarkets segment is expected to account for the largest share of the fermented foods and beverages market in 2023, owing to the rising sales of healthy foods in well-established supermarket & hypermarket chains, consumers' preference for shopping from brick-and-mortar grocers due to easy access and availability, growing urban population, the availability of a diverse range of products, and the increasing consumer spending on healthy food products. In addition, the arrangement of distinct shelves for fermented foods and drinks, along with ease of buying in most supermarkets & hypermarkets, is further expected to support increased sales of fermented food and beverages products through supermarkets/hypermarkets during the forecast period.

This research report also analyzes major geographies and provides a comprehensive analysis of the market in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to account for the largest share of the fermented foods and beverages market in 2023, followed by Europe, North America, Latin America, and the Middle East & Africa. The major market share of Asia-Pacific is attributed to its well-established food industry, innovations in the fermented foods and beverages industry, increasing disposable incomes, growing population and rapid urbanization, and increasing consumer preferences for nutritional foods & beverages. Further, the rising consumption of fermented food and beverage products in growing economies like China, Japan, Korea, and India is expected to support the growth of this market during the forecast period.

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Key Players

The key players operating in the fermented foods and beverages market include Anheuser-Busch InBev NV/SA (Belgium), Archer Daniels Midland Co. (U.S.), BASF SE (Germany), Cargill, Incorporated (U.S.), Chr. Hansen Holding A/S (Denmark), Constellation Brands, Inc. (U.S.), Cosmos Food Co., Inc. (U.S.), Danone S.A. (France), Fonterra Co-operative Group Limited (New Zealand), International Flavors & Fragrances Inc. (U.S.), Koninklijke DSM N.V. (Netherlands), Nestle S.A. (Switzerland), PepsiCo, Inc. (U.S.), and Yakult Honsha Co., Ltd. (Japan).

Key Questions Answered in the Report:

Which are the high-growth market segments in terms of product, ingredient, distribution channel, and region/country?

What was the historical market size for fermented foods and beverages across the globe?

Who are the major players in the fermented foods and beverages market?

How is the competitive landscape, and who are the market leaders in the fermented foods and beverages market?

What are the recent developments in the fermented foods and beverages market?

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