Market Research Report
Fermented Ingredients Market - Growth, Trends, and Forecast (2020 - 2025)
|Published by||Mordor Intelligence LLP||Product code||708657|
|Published||Content info||90 Pages
Delivery time: 2-3 business days
|Fermented Ingredients Market - Growth, Trends, and Forecast (2020 - 2025)|
|Published: March 1, 2020||Content info: 90 Pages||
The global fermented ingredients market is projected to grow at a CAGR of 9.24% during the forecast period (2020 - 2025).
Increase in Demand for Functional Beverage
Functional beverage, which has its origin in Japan, has now become an integral part of the beverage market in both the North American and European markets. This is due to specific nutritional benefits that are available in functional beverages that can positively affect the consumers' health, which may be difficult to obtain through a regular diet. Furthermore, non-alcoholic fermented functional cereal beverages, which were popular only in developed region like Europe in the past, are now witnessing a huge growth-potential, worldwide. This is due to changes in consumer preference in favor of fermented functional beverages, as they are considered to be safe and effective meal replacements.
Asia Pacific holds a Significant Market Share
Asia-Pacific is projected to grow at the higher growth rate during the forecast period, due to the growing demand for high-quality fermented food and beverages products, which in turn led to the rise in the demand for high quality fermented ingredients in this region. Presence of large size of end-use industries and increasing consumption of fermented ingredients by these various industries is supporting the market growth in Asia-Pacific region. The growth of North America fermentation ingredients market is majorly driven by high growth of the fermented food & beverages and pharmaceutical market, mainly in United States. In North America, rising environmental concerns, motivated eco-friendly production system and health benefits of fermentation are playing key role to drive the market growth. Convenient and advanced production process of bioactive biomolecules, which has various industrial applications in the food and beverage industry, is driving the market growth in the Europe region.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. Some of the major companies in the fermented ingredients market, includes DuPont, Ajinomoto Corporation Inc, Chr. Hansen Holding A/S, BASF SE, Dohler Group SE, Lallemand Inc, among others.