The global fermented ingredients market size is expected to reach USD 39.0 billion by 2025,
according to a new report by Grand View Research, Inc., expanding at a CAGR of
8.5% over the forecast period. Increasing digestive problems and awareness
among consumers about health benefits of fermented products are expected to
drive the market in the forecast period. Moreover, usage of fermented
ingredients as preservatives by various manufacturers in order to increase the
shelf life of various products is expected to propel the demand for the
product.
The food and beverage application segment
dominated the market and accounted for more than 65.0% share of the overall
revenue in 2018. Growing demand for alcoholic beverages such as beer and wine,
which are prepared by fermenting wheat, rice, and grapes, is driving the food
and beverage industry. Furthermore, increasing consumption of yogurt, cheese,
and pickles in various regions is a key factor boosting the industry growth.
Pharmaceuticals is the fastest growing
application segment with a CAGR of 9.3% in the forecast period. The ingredients
find their major application in the bio-pharma industry, which has witnessed
robust growth in the last few years. Bio-pharmaceuticals contributes more than
25.0% share of the overall pharmaceutical industry, thus driving the market in
the forecast period.
Vinegar is the most commonly used
ingredient for fermentation and it accounted for more than 40.0% share of the
overall revenue in 2018. The product finds its major application in household
as well as food and beverage industry due to its easy availability and low
cost. Cider is likely to be the fastest growing ingredient in the market with a
CAGR of 9.2% over the forecast period. Increasing awareness about the benefits
and its application in skin care is driving the product segment.
In 2018, Europe accounted for the largest
fermented ingredients market share of 35.0% in terms of revenue. High
consumption of wine, cheese, and yogurt is a key factor driving the regional
market. Asia Pacific is anticipated to be the fastest growing regional market,
expanding at a CAGR of 9.6% in the forecast period. Increasing awareness about
health benefits and consumption of alcoholic beverage are the prominent factors
boosting the regional market growth.
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or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/fermented-ingredients-market
https://www.grandviewresearch.com/industry-analysis/fermented-ingredients-market
Further key findings from the study suggest:
· By application, food and beverage is
projected to expand at a revenue-based CAGR of 8.6% over the forecast period
· The vinegar product segment dominates the
fermented ingredients market owing to its major application in household as
well as food and beverage industry
· The cider product segment is expected to
expand at a CAGR of 9.2% in the forecast period owing to increasing awareness
about product benefits and application among consumers.
Grand View Research has segmented the
global fermented ingredients market on the basis of application, product, and
region:
Fermented Ingredients Application Outlook
(Revenue, USD Billion, 2015 - 2025)
·
Food & Beverage
·
Pharmaceuticals
·
Others
Fermented Ingredients Product Outlook
(Revenue, USD Billion, 2015 - 2025)
·
Vinegar
·
Cider
·
Others
Fermented Ingredients Regional Outlook
(Revenue, USD Billion, 2015 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
MEA
·
CSA
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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