Fermented
ingredients are the fermented raw materials use in the production of
biotechnologically advanced food and beverages, biopharmaceuticals,
and personal care products. The global fermented ingredients market
is expected to have significant growth rate, attributed to growing
food industry and increasing demand for fermented and organic food.
Asia-Pacific except Japan has substantial growth in the global
fermented ingredients market, owing to rapidly growing population in
countries such as China and India.
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Global
Fermented Ingredients Market Dynamics:
The
growth of the global fermented ingredients market is driven by
growing demand for organic food, increasing investments in the food
industry, high demand for fermented food, and increasing health
consciousness of consumers. Macroeconomic factors such as growing
economy, increasing per capita income, rapid rate of urbanization,
and employment rate driving the global fermented ingredients market.
Growing food, pharmaceuticals, textile, and personal care industry
are also some of the factors responsible for the growth of the global
fermented ingredients market. Some of the factors trending the global
fermented ingredients market include growing technological
advancement in the production of fermented ingredients and mergers &
acquisitions between the suppliers and end-use industries of
fermented ingredients market. The company operates in the fermented
ingredients market have significantly high opportunity in regions
such as Asia-Pacific, Middle East & Africa, and Latin America
attributed to the significantly growing economy and population across
the regions.
Global
Fermented Ingredients Market Segmentation:
The
global fermented ingredients market is segmented on the basis of
fermentation method, product type, end-use, form, and region. Based
on fermentation method, the global fermented ingredients market
segmented as anaerobic fermentation, aerobic fermentation, continuous
fermentation, and batch fermentation. On the basis of product type,
the global fermented ingredients market is segmented as antibiotics,
industrial enzymes, polymers, vitamins, organic acids, amino acids,
and biogas, wherein industrial enzymes segment have significant
revenue share, whereas, antibiotics segment is expected to have
substantial growth rate, owing to high demand of fermented
ingredients in food and pharmaceutical industry across the globe. On
the basis of end-use, the global
fermented ingredients market is segmented as feed, food &
beverages, textile & leather, paper, pharmaceuticals, personal
care, and biofuel. Among these, food & beverages segment is
expected to contribute for major revenue share whereas,
pharmaceuticals segment is expected to expand at a significant CAGR
in the global fermented ingredients market. Based on form, the global
fermented ingredients market segmented as liquid and solid
ingredients, wherein liquid ingredient segment is expected to grow at
a substantial CAGR.
Based
on fermentation method, the global fermented ingredients market is
segmented into:
- Anaerobic Fermentation
- Aerobic Fermentation
- Continuous Fermentation
- Batch Fermentation
Based
on product type, the global fermented ingredients market is segmented
into:
- Antibiotics
- Industrial Enzymes
- Polymers
- Vitamins
- Organic Acids
- Amino Acids
- Biogas
Based
on end-use, the global fermented ingredients market is segmented
into:
- Feed
- Food & Beverages
- Textile & Leather
- Paper
- Pharmaceuticals
- Personal care
- Biofuel
Based
on form, the global fermented ingredients market is segmented into:
- Liquid
- Solid
Global
Fermented Ingredients Market Regional Outlook:
Based
on the geographies, the global fermented ingredients market is
fragmented into seven regions -- North America, Latin America,
Western Europe, Eastern Europe, Asia-Pacific except Japan, Japan, and
the Middle East & Africa. Among the regions, Asia-Pacific
accounts for a relatively high share of the fermented ingredients
market, attributed rapidly growing population across the region
particularly in the countries such as China and India. North America
and Western Europe also accounts for the significant share of the
global fermented ingredients market with substantial growth rate,
owing to rapidly increasing demand for organic food across the
regions. Eastern Europe and Japan also accounts for significant value
share in the global fermented ingredients market. The Middle East and
Africa is expected to expand at a substantial CAGR, owing to growing
food industry across the region, particularly in GCC countries.
Overall, the outlook for the global fermented ingredients market will
have a positive growth over the forecast period, increasing demand
for organic food, high demand for fermented food, and health
consciousness among consumers being counterfeiting factors.
Global
Fermented Ingredients Market Player:
Few
players in the global fermented ingredients market include Lallemand
Inc. (Canada) and Lonza, Angel Yeast Co. Ltd., BASF SE, Chr. Hansen
A/S, Koninklijke DSM N.V., Ajinomoto Corporation Inc., and E. I. du
Pont de Nemours and Company.
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