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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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.
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