Press release
Fermented Ingredients Market Surges to $38.11 Billion in 2024, Driven by Digestive Health Concerns and Food Industry Demand
Fermented Ingredients Market
Experiencing robust growth, the fermented ingredients market is set to escalate from $35.08 billion in 2023 to an estimated $38.11 billion in 2024, reflecting a Compound Annual Growth Rate (CAGR) of 8.6%. Anticipated to maintain this trajectory, the market is forecasted to reach $54.44 billion by 2028, with a projected CAGR of 9.3%.
Key Growth Drivers:
Digestive Health and Obesity Concerns:
The surge in digestive problems and obesity globally is propelling the fermented ingredient market forward. Recognized as a source of lactic acid bacteria, fermented ingredients play a vital role in restoring and supporting the digestive system. With an increasing population grappling with health issues, the demand for fermented ingredients is expected to rise, driven by consumer preferences for healthier food choices and lifestyles.
Food and Beverage Industry Demand:
The growing demand from the food and beverage industry is a significant driver of the fermented ingredients market. Widely utilized in this sector to meet consumer demands for unique flavors, enhanced nutritional profiles, and extended shelf life, fermented ingredients contribute to the industry's remarkable growth. The food and beverage sector's substantial turnover and increased exports further highlight the pivotal role of fermented ingredients in meeting industry requirements.
Explore the Global Fermented Ingredients Market with a Detailed Sample Report:
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Major Players:
Leading companies influencing the fermented ingredients market include Lallemand Inc., Chr. Hansen Holding A/S, Ajinomoto Co. Inc., BASF SE, DuPont de Nemours Inc., and others. These industry players contribute to the market's dynamic growth and development.
Sustainable Alternatives:
A key trend in the market is the adoption of sustainable alternatives in fermented ingredients. The use of bioreactors as an alternative to traditional food production methods demonstrates a commitment to environmental sustainability. Companies are exploring innovative approaches, such as using fungi to create nature-identical egg white protein, showcasing a shift towards more sustainable and eco-friendly practices.
Innovative Product Development:
Major companies are focusing on innovation to expand their product offerings, exemplified by the introduction of fermented red beet ingredients. These innovative products cater to evolving consumer preferences, offering unique flavors and potential health benefits. For instance, SVZ International's launch of fermented red beet ingredients addresses the growing trend in the dairy industry without compromising on label friendliness or flavor.
Regional Insights:
North America led the fermented ingredients market in 2023, while Asia-Pacific is expected to be the fastest-growing region in the forecast period. Comprehensive coverage includes Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Market Segmentation:
The fermented ingredients market covered in this report is segmented -
1) By Type: Amino Acids, Organic Acids, Polymers, Vitamins, Industrial Enzymes, Antibiotics
2) By Form: Liquid, Dry
3) By Application: Food And Beverage, Pharmaceuticals, Other Applications
Access the Complete Report for In-Depth Analysis:
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Fermented Ingredients Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Fermented Ingredients Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on fermented ingredients market size, fermented ingredients market drivers and trends, fermented ingredients market major players, fermented ingredients market competitors' revenues, fermented ingredients market positioning, and fermented ingredients market growth across geographies. The fermented ingredients market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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