Global Fermented Ingredients Market Size, Share, Growth Analysis, By Product(Vinegar, Cider), By Application(Food & Beverage, Pharmaceuticals) - Industry Forecast 2024-2031

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

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.

Global Fermented Ingredients Market Report Snapshots

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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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Global Fermented Ingredients Market Size, Share, Growth Analysis, By Product(Vinegar, Cider), By Application(Food & Beverage, Pharmaceuticals) - Industry Forecast 2024-2031

Global Fermented Ingredients Market Dynamics

Global Fermented Ingredients Market Report Snapshots

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