Fermented Ingredients Market - Global Industry Analysis 2024
Global Fermented Ingredients Market Dynamics:
The growth of the global fermented ingredients market is driven by growing demand for organic food, increasing investments in the food industry, high demand for fermented food, and increasing health consciousness of consumers. Macroeconomic factors such as growing economy, increasing per capita income, rapid rate of urbanization, and employment rate driving the global fermented ingredients market. Growing food, pharmaceuticals, textile, and personal care industry are also some of the factors responsible for the growth of the global fermented ingredients market. Some of the factors trending the global fermented ingredients market include growing technological advancement in the production of fermented ingredients and mergers & acquisitions between the suppliers and end-use industries of fermented ingredients market. The company operates in the fermented ingredients market have significantly high opportunity in regions such as Asia-Pacific, Middle East & Africa, and Latin America attributed to the significantly growing economy and population across the regions.
Global Fermented Ingredients Market Segmentation:
The global fermented ingredients market is segmented on the basis of fermentation method, product type, end-use, form, and region. Based on fermentation method, the global fermented ingredients market segmented as anaerobic fermentation, aerobic fermentation, continuous fermentation, and batch fermentation. On the basis of product type, the global fermented ingredients market is segmented as antibiotics, industrial enzymes, polymers, vitamins, organic acids, amino acids, and biogas, wherein industrial enzymes segment have significant revenue share, whereas, antibiotics segment is expected to have substantial growth rate, owing to high demand of fermented ingredients in food and pharmaceutical industry across the globe. On the basis of end-use, the global fermented ingredients market is segmented as feed, food & beverages, textile & leather, paper, pharmaceuticals, personal care, and biofuel. Among these, food & beverages segment is expected to contribute for major revenue share whereas, pharmaceuticals segment is expected to expand at a significant CAGR in the global fermented ingredients market. Based on form, the global fermented ingredients market segmented as liquid and solid ingredients, wherein liquid ingredient segment is expected to grow at a substantial CAGR.
Based on fermentation method, the global fermented ingredients market is segmented into:
Based on product type, the global fermented ingredients market is segmented into:
Based on end-use, the global fermented ingredients market is segmented into:
Food & Beverages
Textile & Leather
Based on form, the global fermented ingredients market is segmented into:
Global Fermented Ingredients Market Regional Outlook:
Based on the geographies, the global fermented ingredients market is fragmented into seven regions -- North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific except Japan, Japan, and the Middle East & Africa. Among the regions, Asia-Pacific accounts for a relatively high share of the fermented ingredients market, attributed rapidly growing population across the region particularly in the countries such as China and India. North America and Western Europe also accounts for the significant share of the global fermented ingredients market with substantial growth rate, owing to rapidly increasing demand for organic food across the regions. Eastern Europe and Japan also accounts for significant value share in the global fermented ingredients market. The Middle East and Africa is expected to expand at a substantial CAGR, owing to growing food industry across the region, particularly in GCC countries. Overall, the outlook for the global fermented ingredients market will have a positive growth over the forecast period, increasing demand for organic food, high demand for fermented food, and health consciousness among consumers being counterfeiting factors.
Global Fermented Ingredients Market Player:
Few players in the global fermented ingredients market include Lallemand Inc. (Canada) and Lonza, Angel Yeast Co. Ltd., BASF SE, Chr. Hansen A/S, Koninklijke DSM N.V., Ajinomoto Corporation Inc., and E. I. du Pont de Nemours and Company.
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