Market Share of Asia-Pacific Fermented Ingredient Industry
The Asia-Pacific fermented ingredient market is a competitive market, worldwide. Nonetheless, the market exhibits a strong presence of global key players, such as DuPont, Ajinomoto Co., Inc., and Chr. Hansen Holding A/S alongside other domestic producers such as KYOWA HAKKO BIO CO., LTD., and XIAMEN KINGDOMWAY GROUP
Leading companies in China are entering into joint ventures, and partnership as a key strategy to maintain the leading position in the vitamin A market, thereby also in the fermented ingredient market. For an instance, the Xiamen Kingdomway Group announced its joint venture with iHerb Inc., which is a global food retailer of vitamins, minerals, VMS, and personal care products, by buying a minority share of 4.8%. This in turn, helped the company in forming a stronger bond with the overseas business system in the vitamin market.
APAC Fermented Ingredient Market Leaders
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Ajinomoto Co., Inc.
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Chr. Hansen Holding A/S
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Evonik Nutrition & Care GmbH
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Lonza Group Ltd.
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DuPont de Nemours, Inc.
*Disclaimer: Major Players sorted in no particular order
