According to a recent survey conducted by ChemView Consulting, the Global Fermented Foods and Ingredients Market grew at a CAGR of 6.7% between 2017-2021 and is estimated to be US$ 67685.3 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 6.3% and is expected to reach a valuation of US$ 1,24,688.7 Mn by 2032 end.
Because fermented ingredients are naturally acidic, they are good for digestive problems. Many manufacturers use them to extend the life of their products, as these ingredients are used to preserve food. This has a positive impact on market growth.
Growing awareness of food preservation, high demand for antibiotics, and lifestyle diseases such as obesity and digestive problems are expected to drive the fermented ingredients market in the forecast year. The Global Fermented Ingredients Market Report provides an overall assessment of the market. The report provides a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that play a key role in the market.
Fermentation is the process of adding flavors and aromas to food and changing the shape of food. It changes the quality and acceptability of food, making it tastier, more nutritious and easier to digest. Fermented ingredients are used to keep food in good condition for a long time. Based on product, it is classified into amino acids, industrial enzymes, vitamins, polymers, antibiotics, organic acids, and biogases. Various applications of fermented ingredients include food and beverages, brewing and distilling, animal feed, textiles and leather, biofuels, paper and personal care. Depending on the manufacturing method, it is classified into aerobic fermentation, batch fermentation, continuous fermentation, and anaerobic fermentation.
The growing biopharmaceutical industry is also expected to drive the market during the forecast period. The biopharmaceutical industry has experienced tremendous growth due to its efficiency and is recognized as one of the most sophisticated and high performing innovations of modern science.
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A list of some of the key suppliers present in the market are:
- Dupont De Nemours and Company
- Cargill, Incorporated
- Angel Yeast Co. Limited
- BASF SE
- Lonza
- Archer Daniels Midland Company
- Koninklijke DSM N.V.
- Danone
- Hansen A/S
- Evonik Industries
Report Coverage and Highlights
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
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https://chemviewconsulting.com/reports/fermented-foods-and-ingredients-market/
About ChemView Consulting:
ChemView Consulting is a leading market research firm in the Asia Pacific, with expertise in Chemicals & Materials, Food & Beverages, Packaging, Oil & Gas, New & Renewable Energy, and Disruptive Technologies. We are one of the top market intelligence firms specializing in business analytics with an expertise in the ever-growing chemicals industry. We track high-growth markets with innovative ideas and opportunities insights through B2B research.
Our client base ranges from industry experts, investors, top companies in the chemicals; and oil & gas industry to SMEs, start-ups, and new entrants. We have worked with over 100 companies to upscale their position as the global leader in the chemical & materials landscape with our cutting-edge analytics and advisory services.
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