Market Size of Europe Fermented Ingredients Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 7.80 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Europe Fermentation Ingredients Market Analysis
The European fermented ingredients market is projected to register a CAGR of 7.8% during the forecast period, (2022-2027).
Fermented Ingredient Market is quickly reaching its pre-COVID 19 levels. A healthy growth rate is expected over the forecast period, driven by the V-shaped recovery in most developing nations. Lockdowns across the globe in 2020 and continuing restrictions in 2021 disrupted the supply chain posing challenges for manufacturers in the Fermented Ingredient Market. Intense competition, pricing issues, and shifting consumer preferences will continue to pressure vendors' profit margins.
The consumers' inclination toward using fermented food and ingredients is increasing, due to the benefits of such ingredients to the human digestive system, further helping increase immunity and brain functions.
The convenient and advanced production process of bioactive biomolecules, which has various industrial applications in the food and beverage industry, is driving market growth in Europe.
Europe Fermentation Ingredients Industry Segmentation
The European fermented ingredients market is segmented by type into amino acids, organic acids, polymers, vitamins, and enzymes. Based on applications, the market is divided into food and beverage, feed, industrial use, and other applications. This study also analyses regions such as the United Kingdom, France, Germany, Spain, Italy, Russia, and the rest of Europe. The report offers market size and forecast in value (USD million) for all the above segments.
By Type | |
Amino Acids | |
Organic Acids | |
Polymers | |
Vitamins | |
Enzymes |
By Application | |
Food and Beverage | |
Feed | |
Industrial Use | |
Other Applications |
Country | |
United Kingdom | |
France | |
Germany | |
Italy | |
Spain | |
Russia | |
Rest of Europe |
Europe Fermented Ingredients Market Size Summary
The European fermentation ingredients market is experiencing a robust recovery, approaching pre-pandemic levels, with a healthy growth trajectory anticipated over the forecast period. This resurgence is largely attributed to a V-shaped recovery in many developing nations, despite the initial disruptions caused by global lockdowns and supply chain challenges. The market is characterized by intense competition and evolving consumer preferences, which are exerting pressure on profit margins. However, the increasing consumer interest in fermented foods, due to their digestive and health benefits, is driving market expansion. The food and beverage industry in Europe, particularly in countries like Germany and the United Kingdom, is witnessing a surge in demand for products such as kombucha, kefir, and other fermented health supplements. This trend is further supported by advanced production technologies and a growing focus on health and wellness.
The European market for fermented ingredients is well-established, bolstered by advanced food processing facilities and a strong dairy sector. Products like yogurt and fermented cocoa have seen significant growth, driven by high consumer demand and ongoing research and development. The market is also witnessing the introduction of innovative products and technologies, such as microencapsulation, which are opening new avenues for manufacturers. Key industry players, including DuPont, Lallemand Inc., and Cargill Incorporated, are actively engaging in strategies like mergers, acquisitions, and new product developments to enhance their market presence. The ongoing trend towards functional beverages, particularly those enriched with probiotics, is expected to further propel market growth as consumers increasingly seek healthier, less sugary drink options.
Europe Fermented Ingredients Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Amino Acids
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2.1.2 Organic Acids
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2.1.3 Polymers
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2.1.4 Vitamins
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2.1.5 Enzymes
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2.2 By Application
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2.2.1 Food and Beverage
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2.2.2 Feed
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2.2.3 Industrial Use
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2.2.4 Other Applications
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2.3 Country
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2.3.1 United Kingdom
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2.3.2 France
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2.3.3 Germany
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2.3.4 Italy
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2.3.5 Spain
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2.3.6 Russia
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2.3.7 Rest of Europe
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Europe Fermented Ingredients Market Size FAQs
What is the current Europe Fermented Ingredients Market size?
The Europe Fermented Ingredients Market is projected to register a CAGR of 7.80% during the forecast period (2024-2029)
Who are the key players in Europe Fermented Ingredients Market?
Cargill, Incorporated, DuPont de Nemours, Inc.,, Döhler Group SE, Chr. Hansen A/S and Ajinomoto Co., Inc. are the major companies operating in the Europe Fermented Ingredients Market.