According
to a report published by Grand View Research, the rise in the prevalence of
digestive problems and obesity, as well as growing consumer understanding of
health, are some of the main factors for the market development.
According
to a report, “Fermented Ingredients Market Size, Share & Trends Analysis
Report By Application (Food & Beverage, Pharmaceuticals), By Product (Vinegar,
Cider), By Region, And Segment Forecasts, 2019 - 2025” published by Grand
View Research, Inc., the global fermented
ingredients market size is expected to reach USD 39.0 billion by
2025 expanding at a CAGR of 8.5% over the forecast period. Increasing digestive
problems and awareness among consumers about the health benefits of fermented
products are expected to drive the market in the forecast period. Moreover, the
usage of fermented ingredients as preservatives by various manufacturers to
increase the shelf life of various products is also expected to drive the
demand for the product.
One of the key reasons for the growth of the industry is the increase in global alcohol consumption. Beer, which is prepared by fermenting various products such as rice and wheat, is the most favored alcoholic beverage, so growing beer consumption would probably boost the market growth.
Vinegar
is the most commonly used ingredient for fermentation and it accounted for more
than 40.0% share of the overall revenue in 2018. The product finds its major
application in the household as well as the food and beverage industry due to
its easy availability and low cost. Cider is likely to be the fastest-growing
ingredient in the market with a CAGR of 9.2% over the forecast period.
Increasing awareness about the benefits and its application in skincare is
driving the product segment.
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Fermented
Ingredients Market Report Highlights
- On the basis
of application, the food and beverage application segment dominated the industry and accounted for more
than 65% of total revenue in 2018. The food and beverage industry is
driven by the growing demand for alcoholic drinks such as beer and wine
that are prepared by fermenting wheat, rice, and grapes.
- The
pharmaceutical industry is the fastest-growing application segment, expanding at a CAGR of
9.3% in the forecast period. The ingredients find their major application
in the biopharma industry, which has witnessed robust growth in the last
few years.
- On the basis
of product, vinegar is the
most prominent product for fermentation that accounted for more than 40.0%
share of the overall revenue in 2018. The growth of the product is
attributed to its vast application in bakery and confectionary, dairy,
household, and animal feed.
- Cider is
the fastest-growing product segment, expanding at a CAGR of 9.2% in the forecast period. Cider
also finds its application in the production of various forms of wine.
- In 2018,
Europe dominated the market, accounting for a 35% share of total sales, and is predicted to
see significant growth in the forecast period. France is the biggest
contributor to the region’s market growth.
- Asia Pacific
is projected to be the fastest-growing market with a CAGR of 9.6% over the forecast period.
The increasing population in countries like India and China is the main
reason for the growth of the market.
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Fermented
Ingredients Market Segmentation
Grand View Research has
segmented the global fermented ingredients market on the basis of application,
product, and region:
Fermented Ingredients Application Outlook (Revenue, USD Billion, 2015 - 2025)
- Food & Beverage
- Pharmaceuticals
- Others
Fermented Ingredients Product Outlook (Revenue, USD Billion, 2015 - 2025)
- Vinegar
- Cider
- Others
Fermented Ingredients Regional Outlook (Revenue, USD Billion, 2015 - 2025)
- North America
- The U.S.
- Canada
- Europe
- France
- The U.K.
- Asia Pacific
- China
- India
- MEA
- UAE
- CSA
- Argentina
Key Players in the
Fermented Ingredients Market
- Vander Mill
- Citizen Cider LLC
- India Cocoa
- Red Boat
- Squid
- Lallemand Inc.
- Chr. Hansen Holding A/S
- Angel Yeast Co. Ltd.
- E.I. du Pont de Nemours and Company
- Lonza
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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