Fermented Food Market Set to Reach USD 897.16 Billion by 2030, with 5.7% CAGR Growth

The Fermented Food Market size was valued at USD 608.61 Bn in 2023 and is expected to reach USD 897.16 Bn by 2030, at a CAGR of 5.7%.

Fermented Food Market Overview:

The global fermented food market is experiencing a significant surge, driven by increasing consumer awareness of gut health and the benefits of probiotics. Fermentation, a process involving the transformation of sugars and carbohydrates by microorganisms, not only enhances the flavor and shelf-life of foods but also introduces beneficial bacteria that support digestive health. This has led to a growing preference for fermented products such as yogurt, kimchi, sauerkraut, and kombucha among health-conscious consumers worldwide.​

Cultural and culinary trends are also playing a pivotal role in the market's expansion. Traditional fermented foods from various regions are gaining international popularity, reflecting a global appreciation for diverse flavors and artisanal food preparation methods. Moreover, environmental concerns are encouraging the consumption of fermented foods, which often require less energy to produce and have a lower carbon footprint compared to other processed foods.

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Fermented Food Market Dynamics:

A key driver of the fermented food market is the growing emphasis on gut health and its connection to overall well-being. Fermented foods are rich in probiotics, which aid digestion, enhance nutrient absorption, and bolster the immune system. Scientific research has established links between a healthy gut microbiome and reduced risks of chronic diseases, including heart disease, stroke, and type 2 diabetes. This has led to increased consumer demand for natural, probiotic-rich foods as part of a holistic approach to health.​

Additionally, the market is benefiting from a shift towards natural and organic foods. Consumers are increasingly seeking products free from artificial additives and preservatives. Fermented foods, often produced using traditional methods, align with this preference, offering natural preservation and enhanced nutritional profiles. The rise of personalized nutrition is also influencing the market, with individuals tailoring their diets to include fermented foods that meet their specific health needs.

Fermented Food Market Outlook and Future Trends

Looking ahead, the fermented food market is projected to continue its upward trajectory, with an expected compound annual growth rate (CAGR) of 5.7% from 2023 to 2030. This growth is anticipated to be fueled by ongoing research into the health benefits of fermented foods, increasing consumer education, and the expansion of product offerings to cater to diverse tastes and dietary requirements.​

Innovation will be a key trend, with companies investing in new fermentation technologies and product development to meet evolving consumer preferences. The integration of fermented ingredients into mainstream food products, such as snacks and beverages, is expected to broaden the market's appeal. Furthermore, as sustainability becomes a priority, the eco-friendly aspects of fermentation-such as reduced food waste and energy efficiency-will likely enhance the market's attractiveness to environmentally conscious consumers.​

Key Recent Developments:

Vietnam

In a significant move, Japan's Sojitz Corporation acquired New Viet Dairy, Vietnam's largest food wholesaler, marking a strategic expansion into the Vietnamese market. This acquisition aims to modernize food distribution channels and strengthen Sojitz's presence in Southeast Asia.

Additionally, Nutifood, a Vietnamese nutritional foods company, acquired a 51% stake in Kido Foods, known for its ice cream brands Celano and Merino. This investment allows Nutifood to diversify into health-oriented nutrition and expand its distribution network across Vietnam. ​

Thailand

While specific recent M&A activities in Thailand's fermented food sector are limited, the country continues to be a significant player in the regional market. Thai companies are focusing on expanding their product lines and exploring export opportunities to meet the growing global demand for fermented foods.​

Japan

Japanese firms are actively investing in Southeast Asia's food industry. Marubeni Corporation acquired a minority stake in AIG Asia Components, a leading Vietnamese food ingredient supplier, to strengthen its supply chain and expand its product offerings in the region. ​

South Korea

South Korean food companies are targeting Vietnam as a key market for expansion. Daesang Corporation invested over $21.7 million to expand its plant in Vietnam, aiming to double its annual production capacity. Similarly, Paldo Corporation completed the construction of its second factory near Tay Ninh province, enhancing its production capabilities in the region.

Singapore

Singapore continues to serve as a hub for food innovation and distribution in Southeast Asia. While specific recent M&A activities in the fermented food sector are not highlighted, Singaporean companies are investing in research and development to create new fermented food products and expand their market reach.​

United States

The U.S. fermented food market remains robust, driven by consumer demand for health-oriented products. Companies are focusing on product innovation and expanding their distribution networks to meet the growing interest in fermented foods.​

Europe

European markets are witnessing a resurgence in traditional fermented foods, with increased consumer interest in artisanal and locally produced items. Companies are investing in modernizing production methods while preserving traditional flavors to cater to contemporary tastes.

Fermented Food Market Segmentation

by Product

Dairy Food Types
Yogurt
Kefir
Cheese
Others
Beverages
Kombucha
Water Kefir
Fermented Juices
Fermented Teas
Vegetables
Sauerkraut
Kimchi
Pickles
Others

by Distribution Channel

Offline
Retail Stores
Health and Wellness Stores
Foodservice and Restaurants
Others
Online
E-commerce Platforms
Direct-to-Consumer Websites
Others

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Some of the current players in the Fermented Food Market are:

1. Nestlé (Switzerland)
2. Danone ( France)
3. The Coca-Cola Company (US)
4. PepsiCo(US)
5. Anheuser-Busch InBev (Belgium)
6. Heineken ( Netherlands)
7. Mondelez International( US)
8. Kraft Heinz (US)
9. Unilever( Netherlands)
10. Fonterra Co-operative Group( New Zealand)
11. Suntory Holdings( Japan)
12. General Mills (US)
13. Lactalis Group( France)
14. Kirin Holdings( Japan)
15. Yakult Honsha Co., Ltd.(Japan)
16. Groupe Lactalis (France)
17. Grupo Bimbo( Mexico)
18. Campbell Soup Company( US)
19. Calbee, Inc,(Japan)

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