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Global Fermented Ingredients Market Segmentation by Product Type- (Amino acids, Organic acids, Biogas, Polymer, Vitamins, Antibiotics, Industrial enzymes).
The market for fermented ingredients can be expected to expand at a value based CAGR of 6% and show an increase in revenue from US$ 10,265.3 Mn to around US$ 18,403.7 Mn by 2033.
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Fermented Ingredients Market Size (2023E) |
US$ 10,265.3 Mn |
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Projected Sales of Fermented Ingredients (2033F) |
US$ 18,403.7 Mn |
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Value CAGR (2023-2033) |
6% |
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Value Share of Top 4 Countries (2022E) |
31.9% |
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The global fermented ingredients market has witnessed significant growth in the historical period registering a CAGR of 6.7% in the historical period and was valued at US$ 10,265.3 Mn in 2023.
Increasing awareness on health benefits associated with consumption of fermented ingredients is expected to fuel the growth of the overall market.
Owing to their role in easy preservation of food items and affordable procurement, manufacturers of food and beverage products are also showcasing a considerable uptake in adoption of fermented ingredients for production processes.
The global market for fermented ingredients is estimated to reach an approximate valuation of US$ 18,403.7 Mn in the forecast period.
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Increasing awareness among consumers regarding food products and health is prompting manufacturers to develop and offer new premium products with clean labels in the market. Currently, most of the consumers of fermented products read ingredients on food products as they are more conscious about what they eat or drink as part of a healthy lifestyle. Moreover, consumers are focused on natural flavours, colours and sweeteners in products and even prefer organic, and minimally processed products.
“Heavy reliance on ingredients manufactured by European manufacturers”
Fermented ingredients manufacturers across the European countries are targeting Asian market for revenue generation. Consumers in emerging markets such as China and India are willing to pay more for qualitative fermented products and ingredients. Ingredients imported from Europe are considered to be of higher quality than local offerings.
Therefore, a large number of Asian fermented products manufacturers are increasingly relying on ingredients manufactured by European manufactures to cater to increasing demand for high value added fermented offerings such.
“Focus on preventive healthcare, health awareness, and rise in lifestyle diseases”
Preventive healthcare or prophylaxis or preventive medicine are the measures taken for disease prevention, as a contrast to disease treatment. Currently, consumers around the world are focusing on preventive healthcare due to the growing prevalence of nutrition deficiencies and chronic diseases such as Alzheimer's which is linked with Vitamin D deficiency.
These factors are likely to increase the global demand for vitamin intake, which in turn will fuel the growth of the fermented ingredients market.
“Increasing Product Launches and Marketing Efforts by Manufacturers to Drive Market”
Major fermented ingredients manufacturers are focusing on launching new products that provide consumers with additional functional and nutritional benefits. Manufacturers are also ramping up production of various products, expanding the distribution network, and increasing R&D efforts. With increased production capacity, the per unit cost of product will fall, bringing down the cost of fermented ingredients. The lower cost will entice the end user to consider it a profitable option.
Manufacturers are increasing their marketing efforts to raise consumer awareness of the benefits & applications of fermented ingredients. A few market participants also attend food expos, which provide a platform for them to meet new customers and showcase their products.
“Manufacturers Focus on Mergers & Acquisitions and Joint Ventures to Provide Growth Opportunities”
Mergers and acquisitions are a popular business strategy for corporations seeking to enter new markets or regions, gain a competitive advantage, or acquire new technologies and skill sets. Companies in the fermented sweeteners market are focusing on joint ventures as well to launch unique and competitive products, which will benefit both companies. Both companies in a joint venture create products with combined knowledge and expertise, which also helps them to enter into a new business or into a new territory
“Unsafe handling process compromises product safety and quality”
Different ingredients pose a different set of challenges for diary product manufacturers. This includes, microbiological, allergenic and toxicological risk. Extrinsic factors such as processing, storage temperature, packaging, affects the quality and safety of ingredients used in fermented products manufacturing process. These factors are needed to be considered during transfer of ingredients into an unfamiliar matrix and during packaging of the product.
How much market share for the fermented ingredients is held by North America?
In the year 2023, North America holds almost 47% while U.S accounts for around 11% of the market. A significant number of the manufacturers involved in the fermented ingredients are located in U.S, therefore, there is an increasing push by these manufacturers to venture into untapped markets by offering customised products.
What is the Outlook for the European Fermented Ingredients Market?
Growth is attributed to inclination of consumers towards natural ingredient products, new product offerings from local as well as international players and increasing visibility of fermented ingredients-based products across the region while increased consumer spending on healthcare coupled with increasing awareness is driving growth of this market in Europe.
Currently Europe holds 30% of the global market whereas Germany holds the maximum share of almost 12%.
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Which Product Type Among the Fermented Ingredients Market is Expected to Exhibit Robust Growth?
The global market for fermented ingredients includes a wide range of products, among which amino acids and organic acids are stated to reap high revenues. In 2023, the collective revenues share of amino acids and organic acids in the global market is pegged to be over 45%. High demand for amino acids as fermenting ingredients is factored by their role in boosting fermentation process.
A surge is expected regarding the demand for polymer fermented ingredients, revenues from which are anticipated to exhibit robust CAGR during the forecast period. vitamins are also expected to gain grounds as key fermented ingredients in the food and beverage sector, with their use increasing in the production of probiotic drinks such as Kefir.
Which Application of Fermented Ingredients Market Expected to occupy major market share in the forecast duration?
Fermentation of pharmaceutical ingredients is gaining traction in the global healthcare sector. Fermented ingredients are being used for breaking down compounds under aerobic or anaerobic conditions, facilitating the conversion of a substrate to pharmaceutical products. In 2022, over one-fourth share of global fermented ingredient revenues will be accounted by their applications in pharmaceuticals manufacturing.
It is also projected that food & beverage production will be the largest application of fermented ingredients, revenues from which are expected to surpass US$ 12.5 Bn by the end of 2022.
Companies manufacturing fermented ingredients are focusing on product launches and extensive research & development work. Leading food maker, Cargill Inc., recently opened an aquaculture research lab for development of new diets through fermentation of fishes.
Along with Cargill, the report has profiled other key players in the global market for fermented ingredients, which include Angel Yeast Co.Ltd., Associated British Foods PLC., BASF SE., E.I. duPont de Nemours and Co., Frutadom Industries Ltd., Ingredion Incorporated, Kerry Group Plc., Lallemand Inc., and Lonza Group AG.
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Attribute |
Details |
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Forecast period |
2023-2033 |
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Historical data available for |
2018-2022 |
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Market analysis |
USD million for value |
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Key regions covered |
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Key countries covered |
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Key market segments covered |
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Key companies profiled |
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Report coverage |
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Customization & pricing |
Available upon request |
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The global market for fermented ingredients has a value of US$ 10,265.3 Mn in 2023.
The global market for fermented ingredients has a value CAGR of 6.7% from 2018-2022.
The global market for fermented ingredients has a value of US$ 18,403.7 Mn in 2033.
The global market for fermented ingredients has a value CAGR of 6% from 2023-2033.
The top players hold more than 60% of the market share. They include Ajinomoto Corporation Inc., BASF, Cargill, Incorporated, CHR. Hansen A/S, E.I. Dupont De Nemours and Company, Koninklijke DSM N.V.
