Fermented Ingredients Market Reached a Value of US$ 23.1 Billion in 2021
According to the latest report by IMARC Group “Fermented Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027″, The global fermented ingredients market reached a value of US$ 23.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 39.3 Billion by 2027, exhibiting a CAGR of 9.3% during 2022-2027.
Fermented ingredients are acidic additives that are extensively deployed in the fermentation of non-food and food products to obtain the desired chemical properties. They are further utilized for detoxication, adding a soft texture and unique flavors. The most common fermented ingredients include biogas, xanthan, amino acids, industrial enzymes, vitamins, and antibiotics. The fermentation processes can be differentiated into lactic acid, acetic acid and ethanol acid fermentation.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The escalating inclination of consumers toward healthy and nutritious food commodities with natural ingredients and rising advancements in the food and beverage (F&B) sector are primarily driving the global fermented ingredients market growth. The rising awareness amongst consumers regarding the numerous benefits of fermented ingredients on the overall health of the skin has prompted manufacturers in the personal care and cosmetics industries to use them as basic raw materials, which is further contributing to the market growth. Additionally, the extensive utilization of fermented ingredients in the animal feed and pharmaceutical industryis creating a positive outlook in the market.
Breakup by Type:
- Amino Acids
- Organic Acids
- Industrial Enzymes
Breakup by Form:
Breakup by Process:
- Batch Fermentation
- Continuous Fermentation
- Aerobic Fermentation
- Anaerobic Fermentation
Breakup by Application:
- Food and Beverages
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Ajinomoto Co. Inc
- AngelYeast Co. Ltd.
- Archer-Daniels-Midland Company
- Associated British Foods plc
- BASF SE
- Cargill Incorporated
- Chr. Hansen Holding A/S
- DuPont de Nemours Inc.
- Evonik Industries AG (RAG-Stiftung)
- Koninklijke DSM N.V.
- Lallemand Inc.
- Lonza Group AG.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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