Market Size of Fermented Ingredients Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.72 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Fermentation Ingredients Market Analysis
The global fermented ingredients market is expected to grow at a CAGR of 4.72 % during the forecast period.
- The global fermented ingredients market is witnessing an upsurge of rising consumer awareness regarding the benefits in the food and beverage, industrial, and personal care sectors. Additionally, significant growth in the animal feed sector and processed food products, in addition to the rising consumer interest in bio-based chemicals, is expected to propel growth in the fermentation ingredient market.
- Further, producers of bulk food and feed ingredients, such as amino acids, organic acids, and vitamins, use fermentation as the basis of their production. Modern industrial biotechnology processes use carefully selected and purified microbial cell cultures to produce an ever-increasing variety of ingredients and increase productivity. The feed sector is witnessing a boost in the market studied, significantly driven by rising consumption of meat among consumers, which leads to more livestock rearing in the global market, especially in South America, Asia-Pacific, and other regions.
- Moreover, the demand for cultured dairy products is augmenting globally. This demand is led by new product development, improved taste and versatility, and high marketing support, which are expected to boost the overall fermented ingredients market growth in the coming years. Additionally, introducing an eco-friendly production system from fermentation ingredients manufacturers and advanced technologies in the fermentation process will likely change market dynamics during the forecast period.
Fermentation Ingredients Industry Segmentation
Fermented ingredients refer to the ingredients that are produced through controlled microbial growth and enzymatic actions.
The 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, animal feed, pharmaceutical, industrial use, and other applications. Additionally, the study provides an analysis of the fermented ingredients market in emerging and established markets across the world, including North America, Europe, Asia-Pacific, South America, and Middle-East & Africa.
The report offers market size and forecasts for the fermented ingredients market in value (USD million) for all the above segments.
| Type | |
| Amino Acids | |
| Organic Acids | |
| Polymers | |
| Vitamins | |
| Industrial Enzymes | |
| Antibiotics |
| Form | |
| Dry | |
| Liquid |
| Application | |
| Food and Beverages | |
| Animal Feed | |
| Pharmaceutical | |
| Industrial Use | |
| Other Applications |
| Geography | |||||||||
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Fermented Ingredients Market Size Summary
The global fermented ingredients market is experiencing significant growth, driven by increasing consumer awareness of the benefits these ingredients offer across various sectors, including food and beverage, industrial, and personal care. The market is further propelled by the expansion of the animal feed sector and the rising interest in bio-based chemicals. Fermentation processes are integral to producing bulk food and feed ingredients such as amino acids, organic acids, and vitamins, utilizing advanced industrial biotechnology. The demand for cultured dairy products is also on the rise, supported by new product developments and enhanced marketing efforts. Additionally, the introduction of eco-friendly production systems and advanced fermentation technologies is expected to reshape market dynamics in the coming years.
In the cosmetics and personal care industry, fermented ingredients are increasingly used for their functional benefits, such as enhancing skin health and increasing the bioavailability of active components. These ingredients, with their naturally acidic pH and anti-inflammatory properties, cater to the growing demand for natural and organic cosmetics. Consumer interest in the health benefits of fermented foods and beverages is rising, particularly in regions like North America and Canada, where there is a focus on high-protein diets and healthier eating habits. The market is fragmented, with major players like Lonza Group, Ajinomoto Corporation, and BASF SE leading the way by offering innovative products and expanding their presence in emerging markets. Recent developments, such as the introduction of new fermented ingredients by companies like Foodiq and Arla Food Ingredients, highlight the ongoing innovation and diversification within the market.
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 Buyers/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 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 Industrial Enzymes
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2.1.6 Antibiotics
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2.2 Form
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2.2.1 Dry
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2.2.2 Liquid
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2.3 Application
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2.3.1 Food and Beverages
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2.3.2 Animal Feed
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2.3.3 Pharmaceutical
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2.3.4 Industrial Use
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2.3.5 Other Applications
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.1.4 Rest of North America
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2.4.2 Europe
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2.4.2.1 United Kingdom
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2.4.2.2 Germany
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2.4.2.3 France
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2.4.2.4 Russia
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2.4.2.5 Italy
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2.4.2.6 Spain
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2.4.2.7 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 Rest of Asia-Pacific
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle-East and Africa
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2.4.5.1 South Africa
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2.4.5.2 Saudi Arabia
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2.4.5.3 Rest of Middle-East and Africa
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Fermented Ingredients Market Size FAQs
What is the current Fermented Ingredients Market size?
The Fermented Ingredients Market is projected to register a CAGR of 4.72% during the forecast period (2024-2029)
Who are the key players in Fermented Ingredients Market?
Lonza Group, Ajinomoto Corporation, BASF SE, Cargill Incorporated and Associated British Foods PLC are the major companies operating in the Fermented Ingredients Market.
