Market Size of North America Fermented Ingredient Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
CAGR | 6.40 % |
Largest Market | United States |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
North America Fermented Ingredient Market Analysis
North American fermented ingredient market is anticipated to register a CAGR of 6.4% during the forecast period 2019-2024.
- Increasing innovation in the fermentation equipment and process is supporting the market growth in the North American region, especially in developed economies, like the United States.
- In North America, the food and beverage market is growing at a fast pace due to the increasing demand for fermented food products with a variety of flavors and nutritional value, which is playing a major role to drive the application of fermented ingredients in the food and beverage segment.
North America Fermented Ingredient Industry Segmentation
North American fermented ingredient market is segmented by Ingredient Type Acetic Acid Bacteria (AAB), Lactic Acid Bacteria (LAB), Yeast); by Application as Food, Beverages, Feed, Pharmaceutical, and Others. Also, the study provides an analysis of the fermented ingredients market in the emerging and established markets across the region, including United States, Mexico, Canada, and rest of the North America
By Ingredient Type | |
Acetic Acid Bacteria (AAB) | |
Lactic Acid Bacteria (LAB) | |
Yeast |
By Application | ||||
Food | ||||
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Feed | ||||
Pharmaceutical | ||||
Others |
Geography | ||||||
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North America Fermented Ingredient Market Size Summary
The North American fermented ingredient market is experiencing significant growth, driven by advancements in fermentation technology and processes, particularly in developed nations like the United States. The burgeoning food and beverage sector in the region is a key contributor to this expansion, as there is a rising consumer demand for fermented food products that offer diverse flavors and enhanced nutritional value. This trend is particularly evident in the increasing popularity of functional beverages, which originated in Japan and have now become a staple in North American markets. These beverages are favored for their specific health benefits, which are often challenging to achieve through a standard diet, and the growing preference for non-alcoholic fermented functional cereal beverages highlights a shift towards these products as safe and effective meal replacements.
The demand for fermented ingredients in North America is expected to be propelled by developed countries such as the United States and Canada, where there is a growing appetite for high-quality food and personal care products. Beyond beverages, the use of clean-label fermented ingredients in dairy products, soups, snacks, and dips is anticipated to further boost market sales. Prominent companies like Ajinomoto, DSM, and BASF hold significant market shares, with Ajinomoto being a key player in the amino acid segment. Other major industry participants include DowDuPont, Chr. Hansen, Kerry, Lallemand, Cargill, Lonza, and CSK Food Enrichment, all contributing to the dynamic landscape of the North American fermented ingredient market.
North America Fermented Ingredient 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 Force 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 By Ingredient Type
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2.1.1 Acetic Acid Bacteria (AAB)
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2.1.2 Lactic Acid Bacteria (LAB)
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2.1.3 Yeast
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2.2 By Application
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2.2.1 Food
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2.2.2 Beverages
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2.2.2.1 Alcoholic Beverages
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2.2.2.2 Non-Alcoholic Beverages
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2.2.3 Feed
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2.2.4 Pharmaceutical
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2.2.5 Others
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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North America Fermented Ingredient Market Size FAQs
What is the current North America Fermented Ingredient Market size?
The North America Fermented Ingredient Market is projected to register a CAGR of 6.40% during the forecast period (2024-2029)
Who are the key players in North America Fermented Ingredient Market?
DowDuPont Inc, Chr. Hansen Inc, Ajinomoto Co. Inc, Koninklijke DSM NV and BASF SE are the major companies operating in the North America Fermented Ingredient Market.