IMARC Group, a leading market research company, has recently released a report titled “Fermented Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.” The study provides a detailed analysis of the industry, including the global fermented ingredients market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What Are The Growth Prospects Of The Fermented Ingredients Industry?
According to the report, 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.
What are Fermented Ingredients?
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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What are the growth prospects and trends in the Fermented Ingredients industry?
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 industry is creating a positive outlook in the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Amino Acids
- Organic Acids
- Polymers
- Vitamins
- Industrial Enzymes
- Antibiotics
- Others
Breakup by Form:
- Dry
- Liquid
Breakup by Process:
- Batch Fermentation
- Continuous Fermentation
- Aerobic Fermentation
- Anaerobic Fermentation
Breakup by Application:
- Food and Beverages
- Feed
- Pharmaceutical
- Paper
- Others
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
Who are the key players operating in the industry?
The report covers the major market players including:
- Ajinomoto Co. Inc
- AngelYeast Co. Ltd.
- Archer-Daniels-Midland Company
- Associated British Foods plc
- BASF SE
- Cargill Incorporated
- Chr. Hansen Holding A/S
- Dohler
- DuPont de Nemours Inc.
- Evonik Industries AG (RAG-Stiftung)
- Koninklijke DSM N.V.
- Lallemand Inc.
- Lonza Group AG.
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