Global Fermented Ingredients Market is valued at approximately USD 23.1 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 9.3% over the forecast period 2022-2029. Food additives are ingredients that have undergone fermentation. These are processed or semi-processed forms of various materials, including amino acids, organic acids, polymers, vitamins, antibiotics, industrial enzymes, and biogas. Industrial fermentation is a complex, multi-step process that produces food, feed, fuel, and other products from materials including sugar, starches, and cellulose. The conversion of these materials occurs in the fermenter with the help of enzymes or microorganisms like yeast and algae, which can be improved versions. The key factors driving the market growth are rising demand in food and beverages industry and growing awareness about health benefits associated with the consumption of fermented ingredients which create lucrative demand for the market during forecast period.

According to Statista, in 2015, the market size of the food and beverages industry across India was USD 19.82 billion and the number reached USD 45.97 billion. As a result, rising food and beverages industry will drive market growth. Also, technological innovation and increase in the number of applications would create lucrative opportunities for the market. However, the stringent regulations stifle market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Fermented Ingredients Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe dominated the market in terms of revenue, owing to the rising consumption of alcohol, yogurt, and cheese. Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as increasing population in countries like India and China, rising per capita income, and increasing awareness about the health benefits of fermented products would create lucrative growth prospects for the global Fermented Ingredients Market across the Asia Pacific region.

Major market players included in this report are:

Ajinomoto Corporation Inc

Allied Bakeries

Angelyeast Co., Ltd.

Associated British Food (ABF)

Bakels

BASF SE

Cargill, Incorporated

CHR. Hansen A/S

CSK Food Enrichment

Dawn Food Products

Dohler Group

Recent Developments in the Market:

In 2019, Danisco VEGE nurtures plant-based products, and DuPont de Nemours, Inc. launched a number of fermented ingredients in the United States.
In 2018, Carbery Group announced the launch of a fermented dairy component, named Bifipro, in Europe.
Global Fermented Ingredients Market Report Scope:

Historical Data: 2019-2020-2021

Base Year for Estimation: 2021

Forecast period: 2022-2029

Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends

Segments Covered: Form, Type, Application, Region

Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World

Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Form:

Liquid

Dry

By Type:

Amino Acids

Organic Acids

Polymers

Vitamins

Industrial Enzymes

Antibiotics

By Application:

Food and Beverages

Feed

Pharmaceutical

Industrial Use

Other Applications

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

ROLA

Rest of the World