Global Fermented Ingredients Market
The global Fermented Ingredients market was valued at USD 21.48 billion in 2016 and is projected to reach USD 45.89 billion by 2025, growing at a CAGR of 8.8% from 2017 to 2025.
Fermented ingredients is driven by their ability to enhance the nutritive value to the foods that they are added. The demand is majorly driven by their application in the food and beverage industry and the pharmaceutical industry. However, growing concerns regarding side effects of fermented product is expected to hamper market demand.
1. Market Drivers
1.1 Growing awareness regarding food preservation
1.2 High demand for antibiotics
2. Market Restraints
2.1 Inconsistent availability of raw materials
2.2 Health risks associated with fermentation
The global Fermented Ingredients market is segmented on the product, application, process, and region.
1. By Product:
1.1 Amino Acids
1.2 Industrial Enzymes
1.6 Organic Acids
2. By Application:
2.1 Food and Beverages
2.2 Brewery and Distilling
2.2.2 Dairy Products
2.4 Textile and Leather
2.7 Personal Care
3. By Process:
3.1 Aerobic Fermentation
3.2 Batch Fermentation
3.3 Continuous Fermentation
3.4 Anaerobic Fermentation
4. By Region:
4.1 North America (U.S., anada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
2. Chr. Hansen A/S
3. EI Du Pont De Nemours
4. BASF SE
6. Dohler Group
7. Angelyeast Co. Ltd.
8. Ajinomoto Corporation
9. Lallemand Inc.
10. Koninklijke DSM NV
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Fermented Ingredients market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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