Global Fermented Ingredients Market

Global Fermented Ingredients Market Size, Share, Growth Analysis, By Product(Vinegar, Cider), By Application(Food & Beverage, Pharmaceuticals) - Industry Forecast 2023-2030


Report ID: SQMIG30I2345 | Region: Global | Published Date: March, 2024
Pages: 198 | Tables: 63 | Figures: 65

Global Fermented Ingredients Market Insights

Global Fermented Ingredients Market size was valued at USD 33.9 billion in 2022 and is poised to grow from USD 36.78 billion in 2023 to USD 70.64 billion by 2031, growing at a CAGR of 8.5% in the forecast period (2024- 2031).

The escalating global consumption of alcoholic beverages emerges as another pivotal driver for industry growth. Beer, a widely favored alcoholic beverage, is crafted through the fermentation of diverse ingredients like rice and wheat. Thus, the anticipated increase in beer consumption is poised to further propel market expansion.

Furthermore, amplified environmental consciousness, the adoption of eco-friendly production methods, and the myriad health advantages associated with these products are driving demand. The widespread use of biodegradable plastics, synthesized through the fermentation of sugars, significantly influences market dynamics. Notably, the demand for biodegradable plastics is projected to rise from $1.1 billion in 2018 to $1.7 billion in 2023, owing to their multifaceted application across industries.

Nonetheless, the inconsistent availability of raw materials presents a substantial impediment that could impede long-term market growth. The substantial cost linked to procuring raw materials serves as another considerable restraint. Nevertheless, the increasing demand from emerging economies, encompassing Africa, India, and China, is anticipated to mitigate the effects of these obstacles, steering the market toward favorable outcomes.

Moreover, the burgeoning biopharmaceutical sector is poised to drive market expansion in the projected time frame. This field is witnessing notable growth owing to its heightened efficiency and recognition as a remarkable innovation in modern science. This, along with the aforementioned factors, cumulatively shapes the dynamic landscape of the fermentation industry.

US Fermented Ingredients Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2024- 2031

Global Market Size

USD 33.9 billion

Largest Segment

Vinegar

Fastest Growth

Cider

Growth Rate

8.5% CAGR

Global Fermented Ingredients Market ($ Bn)
Country Share for Asia Pacific Region (%)
Global Fermented Ingredients Market By Product ($ Bn)
Global Fermented Ingredients Market By Product (%)

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Global Fermented Ingredients Market Segmental Analysis

The global fermented ingredients market is segmented on the basis of product, application, region. By product, the market is segmented into vinegar, cider, and others. By application the market is segmented into food & beverage, pharmaceuticals, others. By region, the market is segmented into North America, Europe, Latin America, Asia- Pacific, Middle East and Africa.

Fermented Ingredients Market Analysis By Product

Vinegar stands out as the leading fermented product, commanding a significant portion exceeding 40.0% of the total revenue. This prominence can be attributed to its extensive utility across sectors including bakery and confectionery, dairy, household applications, and animal feed. Notably, vinegar's widespread usage as an ingredient contributes to its robust growth.

In parallel, the cider segment emerges as the swiftest-expanding product category, forecasted to experience a notable CAGR of 9.2% within the projected period. As awareness regarding its diverse uses grows and manufacturers incorporate preservatives to extend product shelf life, the demand for cider is anticipated to surge in the forecast timeframe.

Fermented Ingredients Market Analysis By Application

Fermented ingredients play a pivotal role across various industries, notably in the realms of food and beverage as well as pharmaceuticals. The domain of food and beverage stands as the predominant consumer of these ingredients, claiming a significant share of over 65.0% in the global revenue. This strong foothold is fueled by a growing global population and an escalating demand for diverse ready-to-eat foods and beverages. Additionally, the upward trend in beer consumption contributes to the expanding influence of the food and beverage sector on the global market stage.

Meanwhile, within this diverse landscape, the pharmaceutical industry emerges as the most rapidly advancing application segment, projected to experience a CAGR of 9.3% within the forecast period. Fermented ingredients play a pivotal role in this growth, finding substantial application within the biopharmaceutical sector. This field has demonstrated remarkable expansion in recent years, with bio-pharmaceuticals securing more than 25.0% of the pharmaceutical industry share. This prominence is attributed to their elevated efficiency levels, thus propelling the segment's anticipated growth in the forecast period.

Global Fermented Ingredients Market By Product, 2022 (%)

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Global Fermented Ingredients Market Regional Insights

In 2022, Europe exerted its dominance over the market, securing a significant share of 35.0% in the overall revenue, and this dominance is projected to persist with noteworthy growth anticipated in the forecast period. A prominent contributor to this expansion is France, which not only plays a major role in market growth but also holds the distinction of being the fastest-growing market within Europe. The buoyant market growth in France can be attributed to the robust consumption of alcohol, cheese, and yogurt, collectively bolstering market dynamics across the European landscape. Additionally, the United Kingdom (U.K.) emerges as a pivotal player, driving product demand and further enriching the regional market.

Shifting focus to the Asia Pacific region, it emerges as the prospective hotspot for market expansion, poised to record an impressive CAGR of 9.6% throughout the projected period. This robust growth finds its roots in a multifaceted blend of factors. The escalating population in nations such as India and China, coupled with the ongoing process of westernization, rising per capita income, and increased awareness regarding the health benefits associated with fermented products, collectively drive the regional market's surge. With India and China collectively representing more than 34.0% of the global population, their influence significantly propels the upward trajectory of the Asia Pacific market. This growth trajectory positions the region as a major player, poised to further shape the global fermented ingredients market dynamics.

Global Fermented Ingredients Market By Region, 2024- 2031
  • Largest
  • Fastest

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Global Fermented Ingredients Market Dynamics

Fermented Ingredients Market Drivers

Increased Demand for Natural Ingredients

  • Consumer preference for natural and organic ingredients in food and beverages fuels the demand for fermented ingredients due to their perception as wholesome and minimally processed options.

Diverse Applications

  • Fermented ingredients find applications in various industries, including food and beverages, pharmaceuticals, and cosmetics, contributing to their market growth.

Fermented Ingredients Market Restraints

Complex Production Processes

  • The production of fermented ingredients often involves intricate processes and specific conditions, which can lead to production challenges and higher costs.

Quality Control and Consistency

  • Maintaining consistent quality and taste across batches of fermented products can be challenging, affecting consumer trust and market acceptance.

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Global Fermented Ingredients Market Competitive Landscape

The competitive landscape of the global fermented ingredients market is characterized by a robust interplay between industry stalwarts and emerging contenders, reflecting the growing significance of these ingredients across multiple sectors. Established players often leverage their extensive industry experience, well-established brands, and robust distribution networks to maintain their dominance. They frequently invest in research and development to innovate products that cater to evolving consumer preferences, thereby sustaining their competitive edge.

Innovation remains a driving force in this landscape, with companies competing to introduce novel strains, production techniques, and applications for fermented ingredients. This approach aligns with rising consumer demands for healthier and sustainably produced products. Partnerships, mergers, and acquisitions are also common strategies among market players, enabling them to expand their product portfolios, reach new markets, and enhance their technical capabilities. Quality control and consistency pose challenges in maintaining product excellence and consumer trust, prompting companies to invest in advanced quality assurance practices. Additionally, navigating the complex web of regional regulations and standards for fermented products requires careful strategizing.

Fermented Ingredients Market Top Player’s Company Profiles

  • Kerry Group plc (Ireland)
  • Angel Yeast Co., Ltd. (China)
  • Koninklijke DSM N.V. (Netherlands)
  • Novozymes A/S (Denmark)
  • Archer Daniels Midland Company (ADM) (United States)
  • Ajinomoto Co., Inc. (Japan)
  • Lonza Group AG (Switzerland)

Fermented Ingredients Market Recent Developments

  • In January 2024, Calysta's FeedKind® protein was officially endorsed for use in aquaculture feeds in China. This endorsement comes as Calysta and Adisseo's joint venture, Calysseo, is prepared to convey its initial item to clients through Adisseo's sales network in China. China's Ministry of Agriculture and Rural Affairs (MARA) has completely endorsed Calysta's single-cell protein for use in fish and shrimp, taking care of it after an exhaustive assessment process. This implies that the protein created by Calysseo can now be sold and utilized in Chinese aquaculture feeds. Calysseo's first production plant, in Chongqing, is now making manageable FeedKind protein for the hydroponics business, furnishing makers with an option in contrast to customary hotspots for aquafeed abstaining from food. This protein is made using a characteristic microorganism that transforms methane into a nutritious feed fixing, FeedKind.

     

  • In February 2024, Vivici, a joint venture among Fonterra and DSM focusing on the 'animal-free dairy' area, uncovered its ability to give critical measures of whey protein from fermentation to the US market. This accomplishment comes a little more than a year after the venture was established.

     

  • In February 2024, Nestlé SA, a Swiss multinational, launched its debut accuracy maturation dairy protein powder called Better Whey. This item is creature-free and without lactose whey disconnect under the Orgain brand, which Nestlé gained a greater part stake in during mid-2022 to improve its presence in the useful sustenance market.

Global Fermented Ingredients Key Market Trends

  • Plant-Based and Alternative Fermented Products: The growing popularity of plant-based diets has led to the development of fermented alternatives to traditional animal-derived products, such as plant-based yogurts and cheeses.
  • Functional and Probiotic Foods: The inclusion of probiotics and other functional components in fermented foods and beverages aligns with the trend of consumers seeking products that offer health benefits beyond basic nutrition.

Global Fermented Ingredients Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global fermented ingredients market analysis, the global fermented ingredients market thrives within a dynamic and competitive environment, propelled by a diverse array of established players and emerging entrants. The industry's vitality is underscored by a steadfast commitment to innovation, evident in the constant development of novel products and techniques. Established leaders draw from their extensive experience and resources, while newcomers inject fresh ideas and specialized solutions into the market. As consumers increasingly seek natural, functional, and health-oriented products, the significance of fermented ingredients continues to grow across sectors.

Report Metric Details
Market size value in 2022 USD 33.9 billion
Market size value in 2031 USD 70.64 billion
Growth Rate 8.5%
Base year 2022
Forecast period 2024- 2031
Forecast Unit (Value) USD Billion
Segments covered
  • Product
    • Vinegar, Cider, Others
  • Application
    • Food & Beverage, Pharmaceuticals, Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Kerry Group plc (Ireland)
  • Angel Yeast Co., Ltd. (China)
  • Koninklijke DSM N.V. (Netherlands)
  • Novozymes A/S (Denmark)
  • Archer Daniels Midland Company (ADM) (United States)
  • Ajinomoto Co., Inc. (Japan)
  • Lonza Group AG (Switzerland)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Fermented Ingredients Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Fermented Ingredients Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Fermented Ingredients Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Fermented Ingredients Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Fermented Ingredients Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Fermented Ingredients Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Global Fermented Ingredients Market size was valued at USD 33.9 billion in 2022 and is poised to grow from USD 36.78 billion in 2023 to USD 70.64 billion by 2031, growing at a CAGR of 8.5% in the forecast period (2024- 2031).

The competitive landscape of the global fermented ingredients market is characterized by a robust interplay between industry stalwarts and emerging contenders, reflecting the growing significance of these ingredients across multiple sectors. Established players often leverage their extensive industry experience, well-established brands, and robust distribution networks to maintain their dominance. They frequently invest in research and development to innovate products that cater to evolving consumer preferences, thereby sustaining their competitive edge. 'Chr. Hansen Holding A/S (Denmark)', 'Kerry Group plc (Ireland)', 'Lallemand Inc. (Canada)', 'Angel Yeast Co., Ltd. (China)', 'DuPont de Nemours, Inc. (United States)', 'Koninklijke DSM N.V. (Netherlands)', 'Novozymes A/S (Denmark)', 'Archer Daniels Midland Company (ADM) (United States)', 'Ajinomoto Co., Inc. (Japan)', 'Lonza Group AG (Switzerland)'

Consumer preference for natural and organic ingredients in food and beverages fuels the demand for fermented ingredients due to their perception as wholesome and minimally processed options.

Plant-Based and Alternative Fermented Products: The growing popularity of plant-based diets has led to the development of fermented alternatives to traditional animal-derived products, such as plant-based yogurts and cheeses.

In 2022, Europe exerted its dominance over the market, securing a significant share of 35.0% in the overall revenue, and this dominance is projected to persist with noteworthy growth anticipated in the forecast period. A prominent contributor to this expansion is France, which not only plays a major role in market growth but also holds the distinction of being the fastest-growing market within Europe. The buoyant market growth in France can be attributed to the robust consumption of alcohol, cheese, and yogurt, collectively bolstering market dynamics across the European landscape. Additionally, the United Kingdom (U.K.) emerges as a pivotal player, driving product demand and further enriching the regional market.

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