The global fermented flavors market is worth US$ 6.6 Billion as of now and is expected to reach US$ 10.9 Billion by the year 2033 at a CAGR of 5.2% between 2023 and 2033.
With altering dietary patterns, the fermented flavors market is expected to grow on an unprecedented note in the forecast period.
Consumers’ growing awareness regarding the health advantages provided by fermented products is one of the prominent factors driving the fermented flavors market. There is an ever-increasing demand for specialty food and artisanal products.
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Fermented vegetable juices are being increasingly asked for. The fragmented vegetable juices constitute floral flavors. There are also juices experimenting with herb combinations and unique spices. The detailed health benefits include boosting the immunity, repairing digestive system, and detoxification. Various ingredients are used for developing products and experimenting with novel combinations and flavors.
Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Fermented Flavors market’. It has its indigenous team of analysts and consultants to execute using a bottom-up approach in its primary, secondary, and tertiary modes of research.
“With consumers preferring fermented beverages, the global fermented flavors market is expected to grow on a good note in the forecast period”, says an analyst from Future Market Insights.
Key Takeaways from Fermented Flavors market
- North America holds the largest market share with an ever-increasing intake of processed food coupled with demand for the fermented foodstuff with new flavors as well as nutritional value.
- Europe is expected to grow in fermented flavors market on the back of exponential technological innovation in food processing vertical. Plus, clean-label products are being increasingly asked for along with natural additives.
- The Asia-Pacific is expected to grow at the fastest rate in the in the fermented flavors market due to huge consumer base coupled with growing potential for food service sector in region.
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Competitively Fermented Flavors
- Foodiq, in December 2022, came up with a novel ingredient called ‘Fabea+’; which could be described as ‘fermented fava’. The company does claim that this ingredient is more sustainable, nutritious, and saleable in comparison with the other plant proteins such as oats, peas, and soy.
- Arla Food Ingredients, in November 2022, did launch its whey-based solution abreast with Nutrilac FO-8571 and Lacprodan Hydro.365; which could be used as a substitute to protein in the high-protein fermented beverages.
- Cellevant, in July 2022, came up with fermented turmeric ingredient that has bioactive ingredients and antibiotic properties like parabiotics and postbiotics. It finds its applications in food and nutraceuticals and EU-organic certified.
- Balthouse Farm, in August 2022, did finalize acquiring ‘evolution fresh’ from Starbucks with the objective of strengthening leadership in the categories of refrigerated beverages and juices.
Some key manufacturers functioning in business in fermented flavours market includes
- V8
- Great Value
- Balthouse Farms
- Suja
- R.W. Knudsen Family
- Campbell’s
- Juicy Juice Lakewood
- Biotta
- Beetology
- Howards and many others.
What does the Report state?
- The research study is based on application (food, feed, pharmaceuticals, and beverages (alcoholic beverages and non-alcoholic beverages), and by type (acetic acid bacteria and lactic acid bacteria).
- With growing demand for longer shelf life of fresh food flavors, the global fermented flavors market is expected to grow along a graceful note in the forecast period.
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Fermented Flavours Market: Market Segmentation
Based on Application:
- Food
- Beverages
- Alcoholic Beverage
- Non-Alcoholic Beverage
- Feed
- Pharmaceutical
Based on Type:
- Acetic Acid Bacteria
- Lactic Acid Bacteria
Based on the Region:
- North America
- USA and Canada
- Latin America
- Mexico, Brazil, Peru, Chile, and others
- Western Europe
- Germany, United Kingdom, France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg
- Eastern Europe
- Poland and Russia
- Asia Pacific
- China, India, Japan, ASEAN, Australia, and New Zealand
- The Middle East and Africa
- GCC, Southern Africa, and North Africa
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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