The fermented ingredients market is predicted to grow at a CAGR of 6.7% over the forecast period, according to FMI’s analysis. The industry’s value is anticipated to increase from US$ 48.9 Bn in 2023 to US$ 93.9 Bn by 2033 end.
Sales of fermented ingredients are expected to represent a significant proportion of the global food additives market. Fermented substances are acidic elements that are frequently used in food preservation activities for the preparation of fermented ingredients food. The major driving force behind their acceptance in the food processing sector is their ability to improve product shelf life.
The global market for fermented ingredients is expanding as people become more aware of the importance of food preservation. The public’s growing health awareness of the advantages of eating fermented foods is accelerating market expansion.
Tempeh, Kimchi, kombucha, and yogurt may all be prepared using items that have undergone fermentation. These ingredients contain good bacteria that split down carbohydrates, starch, and sugars in meals. In keeping with this, the pharmaceutical industry’s rising demand for fermented components is also fostering the market growth.
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Key Takeaways from the Fermented Ingredients Industry:
- The United States is predicted to retain its inordinate share of the fermented ingredients market in the coming years. By 2033, the American market is estimated to reach US$ 31.7 Bn, expanding at a CAGR of 6.2% over the forecast period. The extensive manufacturing infrastructure in the country supports the market growth.
- Over the span of next 10 years, China is anticipated to emerge as the fastest growing market for fermented ingredients. Demonstrating a CAGR of 10.9%, the market valuation of Chinese fermented ingredients market would be US$ 9.7 Bn, second to the US market.
- Next in line is Japan market, which is assessed by FMI experts to arrive at US$ 4.5 Bn by 2033, displaying a CAGR of 8.8% in the meantime. The country witnesses high demand for fermented products and offers favorable environment factors conducive to the growth of bacteria that supports fermentation. Close integration of fermented foods with Japanese’ lifestyle is a key factor propelling the demand for fermented ingredients.
- Dry form of fermented ingredients are the most preferred items by masses world over. This could be attributed to its prolonged shelf life as compared to its liquid counterpart. The growth rate of dry fermented ingredients is expected to expand at a CAGR of 6.1%.
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New Developments Providing Stimulus to the Fermented Ingredients Market:
- In September 2022, Angel Yeast, an international manufacturer of yeast, launched premium dry yeast low-sugar and high-sugar varieties, which are user-friendly, fast, and high-quality ingredients that cater to the dynamic consumer expectations and baking challenges.
- In April 2022, Biochem Limited and Kothari Fermentation launched mono oligo saccharides and yeast extract powder. This product is primarily employed in the pharmaceutical sector. Apart from that, the product also finds application in low calorie food, food and food stuff, beverages, dietary foods, soups, nutritional filler, seasonings, etc.
- In June 2022, BASF’s Care Creations launched two new skin care ingredients that support graceful and healthful skin aging. These biotic ingredients are based on bacterium that is naturally found in youthful skin. These products are developed using bio fermentation process.
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Market Segments Covered in Fermented Ingredients Market Analysis
By Form:
- Liquid
- Dry
By Product Type:
- Amino Acids
- Organic Acids
- Biogas
- Polymer
- Vitamins
- Antibiotics
- Industrial Enzymes
By Application:
- Food & Beverages
- Pharmaceuticals
- Paper
- Feed
- Personal Care
- Biofuel
- Others
By Process:
- Batch Fermentation
- Continuous Fermentation
- Aerobic Fermentation
- Anaerobic Fermentation
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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