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South America Fermented Ingredients Market Size (2024 - 2029)

The South America fermented ingredient market is experiencing growth driven by the increasing demand for ready-to-eat food and beverage products. This demand is fueled by rising disposable incomes, growing consumer awareness, and busy lifestyles in the region. The market's expansion is supported by the use of fermentation in producing bulk food and feed ingredients, such as amino acids, organic acids, and vitamins, through modern industrial biotechnology processes that utilize purified microbial cell cultures to enhance productivity and diversify ingredient offerings.

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Market Size of South America Fermented Ingredients Industry

South America Fermented Ingredients Market - Summary
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

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*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 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
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South America Fermented Ingredients Market Size Summary

The South America fermented ingredient market is experiencing significant growth, driven by the increasing demand for nutrient-rich ready-to-eat food and beverage products. This demand is fueled by rising disposable incomes, growing consumer awareness, and the fast-paced lifestyles of individuals in the region. Fermentation processes are integral to the production of bulk food and feed ingredients, such as amino acids, organic acids, and vitamins, utilizing advanced industrial biotechnology and purified microbial cell cultures. This method not only enhances the nutritional value of feed ingredients by reducing anti-nutritional factors and increasing vitamin availability but also supports the growth of the market by improving the nutritive value of plant-based feeds. The application of fermented ingredients in aquaculture and animal nutrition, particularly in pig and poultry feeds, highlights the positive impacts on gut health and production parameters.

The market is characterized by a competitive landscape with both regional and global players, including Evonik Industries AG, Novozymes A/S, BASF SE, and Kerry Group plc, actively expanding their product offerings and production capacities. The growing food and beverage industry in Brazil, along with the increasing interest in functional beverages and the fortification of juices, is a key driver of market expansion. Additionally, the demand for more beneficial animal feeds, spurred by advancements in animal husbandry and integrated farming, further propels the market for fermented ingredients. As consumer lifestyles continue to evolve, the South America fermented ingredient market is poised for continued growth, supported by innovative applications and strategic expansions by major industry players.

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South America Fermented Ingredients 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 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 & beverages

      2. 2.3.2 Feed

      3. 2.3.3 Pharmaceutical

      4. 2.3.4 Industrial Use

      5. 2.3.5 Other Applications

    4. 2.4 By Geography

      1. 2.4.1 Brazil

      2. 2.4.2 Argentina

      3. 2.4.3 Rest of South America

South America Fermented Ingredients Market Size FAQs

The South America Fermented Ingredients Market is projected to register a CAGR of 5.28% during the forecast period (2024-2029)

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.

South America Fermented Ingredients Report Snapshots

South America Fermented Ingredient Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)