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Asia-Pacific Fermented Ingredient Market Size (2024 - 2029)

The Asia-Pacific fermented ingredient market is anticipated to expand significantly during the forecast period, driven by the growing consumer preference for fermented foods and ingredients known for their digestive and health benefits. The market's growth is attributed to the increasing demand for functional and nutritionally enriched processed foods, addressing vitamin and mineral deficiencies, and the need for feed fortification due to rising global meat and dairy consumption.

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Market Size of Asia-Pacific Fermented Ingredient Industry

Number
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 6.45 %
Market Concentration High

Major Players

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*Disclaimer: Major Players sorted in no particular order

APAC Fermented Ingredient Market Analysis

The Asia-Pacific fermented ingredient market is forecasted to witness a CAGR of 6.45% during the forecast period (2020 - 2025).

  • Consumer inclination towards the use of fermented food and ingredients is increasing across the Asia-Pacific due to their benefits to the human digestive system, further helping in increasing immunity and brain functions. The source of the gut-healing properties of fermented foods is probiotics, or good bacteria, which is found in products such as kombucha, sauerkraut, kimchi, kefir, and pickles.
  • Therefore, the size of the market studied is expected to grow during the forecast period, owing to the demand for functional and nutritionally enriched processed food products and the prevalence of vitamin and other mineral deficiencies, along with feed fortification, due to the rise in global meat and dairy product consumption.

APAC Fermented Ingredient Industry Segmentation

The Asia-Pacifc fermented ingredients market is segmented by type, form, application, and geography. On the basis of type, the market is segmented into amino acids, organic acids, polymers, vitamins, industrial enzymes, and antibiotics. On the basis of form, the market is segmented into dry and liquid. On the basis of application, the market is segmented into food and beverages, feed, pharmaceutical, industrial use, and other applications. Additionally, the study provides an analysis of the fermented ingredients market in the emerging and established markets across the Asia-Pacific.

By Product Type
Amino Acids
Organic Acids
Polymers
Vitamins
Industrial Enzymes
Antibiotics
By Form
Dry
Liquid
By Application
Food and Beverages
Feed
Pharmaceutical
Industrial Use
Other
By Geography
India
China
Japan
Australia
South Korea
Reso of Asia-Pacific
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Asia-Pacific Fermented Ingredient Market Size Summary

The Asia-Pacific fermented ingredient market is experiencing significant growth, driven by increasing consumer interest in fermented foods and their health benefits, particularly for digestive health, immunity, and brain function. The market is expanding due to the rising demand for functional and nutritionally enriched processed foods, addressing vitamin and mineral deficiencies, and the fortification of animal feed, spurred by the growing consumption of meat and dairy products. The shift in dietary habits, especially in South Asia, towards artificial and synthetic foods has led to a rise in lifestyle diseases, prompting a move towards functional foods and beverages. This trend is supported by government initiatives in countries like China and India, promoting fortified foods to combat malnutrition and health concerns.

The popularity of packaged fermented drinks, such as kombucha, is contributing to the market's growth, with its antimicrobial and therapeutic properties being increasingly recognized. In India, fermented foods are not only a dietary staple but also serve as traditional medicine, further driving demand. The market is competitive, with a strong presence of global players like DuPont, Ajinomoto Co., Inc., and Chr. Hansen Holding A/S, alongside domestic producers. Companies are engaging in strategic partnerships and joint ventures to strengthen their market positions, as seen with the Xiamen Kingdomway Group's collaboration with iHerb Inc. This dynamic landscape underscores the market's potential for continued expansion in the region.

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Asia-Pacific Fermented Ingredient Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product Type

      1. 2.1.1 Amino Acids

      2. 2.1.2 Organic Acids

      3. 2.1.3 Polymers

      4. 2.1.4 Vitamins

      5. 2.1.5 Industrial Enzymes

      6. 2.1.6 Antibiotics

    2. 2.2 By Form

      1. 2.2.1 Dry

      2. 2.2.2 Liquid

    3. 2.3 By Application

      1. 2.3.1 Food and Beverages

      2. 2.3.2 Feed

      3. 2.3.3 Pharmaceutical

      4. 2.3.4 Industrial Use

      5. 2.3.5 Other

    4. 2.4 By Geography

      1. 2.4.1 India

      2. 2.4.2 China

      3. 2.4.3 Japan

      4. 2.4.4 Australia

      5. 2.4.5 South Korea

      6. 2.4.6 Reso of Asia-Pacific

Asia-Pacific Fermented Ingredient Market Size FAQs

The Asia-Pacific Fermented Ingredient Market is projected to register a CAGR of 6.45% during the forecast period (2024-2029)

Ajinomoto Co., Inc., Chr. Hansen Holding A/S, Evonik Nutrition & Care GmbH , Lonza Group Ltd. and DuPont de Nemours, Inc. are the major companies operating in the Asia-Pacific Fermented Ingredient Market.

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Asia-Pacific Fermented Ingredient Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)