Global Fermented Ingredients Market Report and Forecast 2024-2032

Global Fermented Ingredients Market Outlook

The global market for fermented ingredients expected to grow at a CAGR of about 9.1% in the forecast period of 2024-2032 to reach a value of around USD 36.17 billion by 2032, driven by the rising demand for healthy food.

Europe and Asia Pacific to be Among the Significant Regional Markets for Fermented Ingredients

Europe is expected to witness significant growth in the forecast period. France is a significant contributor to market growth and is also the fastest-growing market in Europe. High consumption of alcohol, cheese, and yoghurt is a key factor in augmenting the market growth in Europe. The increasing demand for fermented ingredients by cosmetics and skin care product manufacturers is further driving the market growth in Europe. Also, increasing awareness about the health benefits of fermented items among youth is expected to fuel the market growth in the region.

The Asia Pacific region is anticipated to be the fastest-growing fermented ingredients market. The key reasons for the growth of the market are the growing population in countries like India and China, westernisation, increasing per capita income, rising middle-class population, and increased demand for healthy and nutritious food and beverage products with natural ingredients. The improving agricultural growth over the past decade and the advancements in the food and beverage industry in this region have resulted in new opportunities for the fermented ingredients industry. Another factor contributing to the growth of this market is the untapped regions that are not completely tapped by fermented ingredient manufacturers.

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Food and Beverage and Pharmaceutical Segment to Hold a Significant Market Share 

The fermented ingredients market finds its major application in food and beverage and pharmaceuticals. The food and beverage market is expected to dominate the market in terms of usage of the product. The segment growth is driven by a growing population and increased consumption of various ready-to-eat foods and beverages. The increasing consumption of beer is also increasing the market share of the food and beverage industry in the global market.

The pharmaceutical industry is anticipated to be the fastest-growing application segment in the forecast period. The ingredients are mostly used in the biopharmaceutical industry, which has experienced rapid growth in recent years. The segment is expected to be driven by the rising biopharmaceutical industry during the forecast period. Due to its high efficiency, the biopharmaceutical sector is booming. It is regarded as modern science's most profound and elegant achievement innovation, thereby boosting the segment growth.
 

Market Segmentations 

Fermented ingredients are food additives that cause fermentation to occur in food and non-food products in order to achieve the desired chemical qualities. Industrial enzymes, biogas, vitamins, xanthan gum, antibiotics, amino acids, and antibiotics are some of the most regularly utilised fermented components. To make cultured milk, yoghurt, wine, beer, cider, tempeh, miso, kimchi, and fermented meats, they are routinely added to food products to stimulate microbial growth and enzymatic conversion. Since fermented ingredients are acidic, they can change the flavour and texture of the food.

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By type, the market includes: 

• Amino Acids
• Organic Acids
• Polymers
• Vitamins
• Industrial Enzymes
• Antibiotic

Based on form, the market is divided into:

• Dry
• Liquid

The significant applications of the market are:

• Food and Beverages
• Feed
• Pharmaceutical
• Industrial
• Others

The regional markets for the fermented ingredients market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

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Growing Awareness Regarding Food Preservation Boosting the Market Growth  

Amino acid-based fermented ingredients are increasingly being used by food manufacturers to preserve foods and produce high-quality fermented and alcoholic beverages. Thus, the growing awareness regarding food preservation is driving the market growth of fermented ingredients globally. The increased health consciousness among the public about the benefits of consuming fermented foods is propelling the market growth forward. Fermented ingredients are made up of beneficial bacteria and yeast that break down carbs, starches, and sugars in food and can be used to make kimchi, tempeh, kombucha, and yoghurt. In line with this, the increased demand for fermented ingredients in the pharmaceutical industry is also contributing to market expansion. These substances are commonly used to break down molecules in aerobic or anaerobic environments and increase the bioavailability of therapeutic compounds. Also, the high demand for antibiotics and lifestyle-based ailments such as obesity and digestive issues are expected to drive the global fermented ingredients industry over the predicted years. Other factors, including the increasing utilisation of fermented ingredients in animal feed and extensive research and development activities, are anticipated to drive market growth in the world.
 

Key Players in the Global Market for Fermented Ingredients 

The report gives a detailed analysis of the following key players in the global fermented ingredients market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Archer Daniels Midland Company
• Cargill, Incorporated
• International Flavors & Fragrances Inc. (Dupont)
• Ohly 
• Lonza Group Ltd
• Döhler GmbH
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report