South America Fermented Ingredients Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.28 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South America Fermented Ingredients Market Analysis
South America fermented ingredient market is anticipated to register a CAGR of 5.28% during the forecast period (2020 - 2025).
- 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 demand for ready-to-eat food and beverage products, such as health drinks, breakfast cereals, and other foods that offer a complete package of nutrients, is increasing in the region, owing to the rising disposable income, growing awareness, and busy lifestyle of consumers. Thus resulting in the growth of the market.
South America Fermented Ingredients Market Trends
This section covers the major market trends shaping the South America Fermented Ingredients Market according to our research experts:
Growing Incorporation In Animal Feed
Fermentation is a unique process that will improve the nutritional value of feed ingredients. Fermentation reduces the presence of exoskeletal chitin in feed, anti-nutritional factors, and fiber in plant-based feed ingredients thus improves their nutritive value. Further bacterial fermentation holds promise for growth enhancement and immunostimulants in aquaculture.
Fermentation also increases the availability of certain vitamins viz., riboflavin, cyanocobalamin, thiamine, niacin, B6, B12, and folic acid levels in some feed ingredients. Feeding fermented products has been commonly practiced majorly in the pig nutrition arena for many years. However, there is an increasing interest in incorporating fermented feed into broiler poultry to take advantage of its positive influences particularly on gut health and production parameters.
Brazil Dominates The Market
Fortification of vegetable and fruit juices for functional benefits is aimed at decreasing carbohydrates levels and increasing beneficial enzymes, various strains of probiotics, and friendly bacteria that help in breaking down food into a more digestive form. This is directly enhancing the growth of fermented ingredients in the country. The growing food and beverage industry in Brazil is driving the demand for functional beverages in the market. The changing lifestyle of the consumers is expected to drive the fermented ingredients market in Brazil. With the growth in animal husbandry and integrated farming there is a demand for animal feeds that are more beneficial than the conventional ones on the country.
South America Fermented Ingredients Industry Overview
South America fermented ingredients market is competitive with various regional and global players in the market such as Evonik Industries AG, Novozymes A/S, BASF SE, Kerry Group plc, Döhler, etc. Companies are actively expanding their product bases and are increasing production capacities to meet the demand for applications that are emerging from the food and beverage sector.
South America Fermented Ingredients Market Leaders
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Evonik Industries AG
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BASF SE
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Kerry Group plc
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Novozymes A/S
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Lonza Group
*Disclaimer: Major Players sorted in no particular order
South America Fermented Ingredients Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions & Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type
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5.1.1 Amino Acids
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5.1.2 Organic Acids
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5.1.3 Polymers
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5.1.4 Vitamins
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5.1.5 Industrial Enzymes
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5.1.6 Antibiotics
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5.2 By Form
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5.2.1 Dry
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5.2.2 Liquid
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5.3 By Application
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5.3.1 Food & beverages
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5.3.2 Feed
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5.3.3 Pharmaceutical
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5.3.4 Industrial Use
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5.3.5 Other Applications
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5.4 By Geography
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5.4.1 Brazil
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5.4.2 Argentina
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5.4.3 Rest of South America
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 Evonik Industries AG
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6.3.2 Novozymes A/S
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6.3.3 BASF SE
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6.3.4 Kerry Group plc
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6.3.5 Dohler Group SE
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6.3.6 Lonza Group
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6.3.7 Chr. Hansen Holding A/S
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6.3.8 Manuchar Brazil
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
South America Fermented Ingredients Industry Segmentation
South America fermented ingredient market is segmented by Type into Amino Acids, Organic Acids, Polymers, Vitamins, Industrial Enzymes, and Antibiotics. The market is segmented by Form into Dry and Liquid. The market is segmented by Application into Food & beverages, Feed, Pharmaceutical, Industrial Use, Others. The report also includes the geographical segmentation of the market fragmented as Brazil, Argentina, and Rest of South America.
| By Type | |
| Amino Acids | |
| Organic Acids | |
| Polymers | |
| Vitamins | |
| Industrial Enzymes | |
| Antibiotics |
| By Form | |
| Dry | |
| Liquid |
| By Application | |
| Food & beverages | |
| Feed | |
| Pharmaceutical | |
| Industrial Use | |
| Other Applications |
| By Geography | |
| Brazil | |
| Argentina | |
| Rest of South America |
South America Fermented Ingredients Market Research FAQs
What is the current South America Fermented Ingredients Market size?
The South America Fermented Ingredients Market is projected to register a CAGR of 5.28% during the forecast period (2024-2029)
Who are the key players in South America Fermented Ingredients Market?
Evonik Industries AG, BASF SE, Kerry Group plc, Novozymes A/S and Lonza Group are the major companies operating in the South America Fermented Ingredients Market.
What years does this South America Fermented Ingredients Market cover?
The report covers the South America Fermented Ingredients Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Fermented Ingredients Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Fermented Ingredients Industry Report
Statistics for the 2024 South America Fermented Ingredients market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Fermented Ingredients analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
