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 News

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.

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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

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