The global market for Fermented Food and Ingredients valued at USD 716.13 Billion in 2022 is projected to reach a revised size of USD 1084.12 Billion by 2030, growing at a CAGR of 5.32% over the period 2022-2030.
Global Fermented Food and Ingredients Market Global Opportunity Analysis, End User, and Geography— Industry Forecasts 2023-2030
The global market for Fermented Food and Ingredients valued at USD 716.13 Billion in 2022 is projected to reach a revised size of USD 1084.12 Billion by 2030, growing at a CAGR of 5.32% over the period 2022-2030.
Fermented Food and Ingredients are products which go through desired microbial action that helps in enhancing their quality and nutritional value. The fermented food and ingredients market include a wide range of food type such as fermented confectionary, fermented beverages, fermented dairy, and bakery products. The increasing prevalence of obesity and digestive problems among the consumers in developing economies is expected to propel the demand for fermented food and ingredients. The increasing use of fermented food worldwide owing to their rising demand, supported by consumer perceptions of fermentation process is the key factor that is expected to boost the market growth.
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The Report Will Include A Major Chapter
Market Dynamics and Factors:
Fermented food and ingredients market are majorly driven by the consumer’s preference towards the healthy, chemical free and nutritious food and beverage products and growing awareness of natural and organic food products. Various health benefits such as improved human digestive system, increased immunity and brain functions are anticipated to boost the rapid rise in growth of the market. In addition to this, appropriate consumption of Fermented Food and Ingredients can improve the digestion process, prevent the number of diseases such as liver disease, arthritis, pylori infection, lactose intolerance and can also reduce social anxiety.
Scope of the Report:
The latest report on the Fermented Food and Ingredients Market provides a detailed analysis of the market for the years 2023 to 2030. It presents a comprehensive overview of the global Fermented Food and Ingredients Market industry, incorporating all key industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Fermented Food and Ingredients Market. Moreover, the research covers crucial chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to grasp the market direction and development in the present and forthcoming years.
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Top Key Players Covered In The Fermented Food and Ingredients Market:
Archer Daniels Midland Company (US),Ajinomoto Inc. (Japan),Angel YeastCo. Ltd. (China),Cargill Inc (US),CHR Hansen (Denmark),CSK Food Enrichment (Netherlands),Danone S.A (France),Dohler GmbH (Germany),General Mills In (US),Kerry Group (Ireland),KeVit (India),NestléS.A (Switzerland),Novozymes A/S (Denmark),Royal FrieslandCampina N.V (Netherlands),Tetra Pak International S.A (Switzerland), and other major players.
Key Industry Development:
In November, 2019, a joint venture took place between Cargill and DSM. Through the joint venture, they started commercial-scale production of EverSweet™ stevia sweetener as there is an increasing demand for reduced calorie-food and beverages among the health-conscious population.
In March, 2019, Angel Yeast Co., Ltd a listed global yeast and yeast extract manufacturer, has reached another recognition milestone for its green push towards the goal of carbon-neutrality after China's Ministry of Industry and Information Technology recently named Angel Yeast as one of the national "Green Factories." The recognition is testimony to the Company's unrelenting effort to reduce the carbon footprint of its operations, demonstrating its tremendous and long-standing commitment to energy conservation and environmental protection.
Fermented Food and Ingredients Market Segmentation:
By Ingredient Type
By Distribution Channel
For this report, Introspective Market Research has segmented the Fermented Food and Ingredients Market based on region:
§ North America (U.S., Canada, Mexico)
Covid-19 Impact Analysis on Fermented Food and Ingredients Market:
The emergence of COVID-19 has favourable effect on the Fermented Food and Ingredients market growth. Many food and beverage industries were shut down due the sudden occurrence of the virus. But in post pandemic, the fermented food and ingredients market are expected to progress at a substantial rate owing to the ever-growing health related concerns among the people worldwide. The rise in growth in the post pandemic era for this market is expected due to the rising need of food preservation, increasing health consciousness among the population, and the change in dietary patterns.
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Nov 28, 2023
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