The fermented ingredients market was large in 2020 and is expected to continue to grow at a rapid pace from 2021 to 2028. This growth is primarily driven by the increasing awareness of the health benefits of consuming fermented foods and the rising use of fermented ingredients in the production of probiotic drinks. Fermentation is a metabolic process that converts sugar into alcohol, gases, or acids. This process occurs in bacteria, yeast, and oxygen-depleted muscle cells and is similar to lactic acid fermentation. Fermented ingredients are used to initiate the fermentation process in both food and non-food products, resulting in the desired chemical output. This method enhances the taste, flavor, nutrition, and digestibility of food by altering its quality and acceptability.
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Top Companies Operating in the Global Fermented Ingredients Market Report:
- Ajinomoto Corporation Inc.
- Dohler Group SE
- BASF SE
- E. I. du Pont de Nemours and Company
- Lallemand Inc.
- Chr. Hansen Holding AS
- Evonik Industries
- Lonza
- Angel Yeast Co. Limited
- Koninklijke DSM N.V.
- Kerry Group
- Citizen Cider LLC
- Red Boat
The factors that drive the industry's growth are highlighted in the report. The report divides the Fermented Ingredients market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and size, geographic presence, and development and manufacturing capabilities.
Market Overview:
In the food and beverage sector, all businesses involved in the processing, packaging, or distribution of raw food materials are included. In addition to medications, this industry touches all human-made products, including fresh and packaged meals, alcoholic and nonalcoholic beverages.
Since the Covid-19 outbreak has caused a financial depression, consumers are trying to conserve their money as much as possible. To do this, consumers are buying more generic things and cooking their own meals instead of eating out. In order to reduce the cost of goods sold, attract more customers, and increase profit margins, food processing companies are becoming more creative.
As a result of obesity, the global food and beverage industry is experiencing tremendous growth. As consumers' desire for healthy foods has increased, so has their demand for more detailed nutrition data. Both of these changes have caused companies to launch lower-calorie foods and tighten their control over how their brands are perceived.
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The global Fermented Ingredients market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Product Type Outlook (Revenue, USD Billion; 2018-2028)
- Amino Acids
- Organic Acids
- Polymers
- Vitamins
- Industrial Enzymes
- Antibiotics
Form Outlook (Revenue, USD Billion; 2018-2028)
- Dry
- Liquid
Application Outlook (Revenue, USD Billion; 2018-2028)
- Food Beverages
- Feed
- Pharmaceuticals
- Industrial use
- Personal Care
- Others
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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