Fermented Ingredients Market Size To Reach $39.0 Billion By 2025 – Leading Companies, Key Trends & Industry Growth | Grand View Research, Inc.

January 15 15:15 2021
Fermented Ingredients Market Size To Reach $39.0 Billion By 2025 - Leading Companies, Key Trends & Industry Growth | Grand View Research, Inc.

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According to a report published by Grand View Research, the rise in the prevalence of digestive problems and obesity, as well as growing consumer understanding of health, are some of the main factors for the market development.

The global fermented ingredients market size is expected to reach USD 39.0 billion by 2025 expanding at a CAGR of 8.5% over the forecast period. Increasing digestive problems and awareness among consumers about the health benefits of fermented products are expected to drive the market in the forecast period. Moreover, the usage of fermented ingredients as preservatives by various manufacturers to increase the shelf life of various products is also expected to drive the demand for the product.

One of the key reasons for the growth of the industry is the increase in global alcohol consumption. Beer, which is prepared by fermenting various products such as rice and wheat, is the most favored alcoholic beverage, so growing beer consumption would probably boost the market growth.

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 the household as well as the 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 skincare is driving the product segment.

U.S. fermented ingredients market size, by application, 2015 - 2025 (USD Billion)

Fermented Ingredients Market Report Highlights

  1. On the basis of application, the food and beverage application segment dominated the industry and accounted for more than 65% of total revenue in 2018. The food and beverage industry is driven by the growing demand for alcoholic drinks such as beer and wine that are prepared by fermenting wheat, rice, and grapes.

  2. The pharmaceutical industry is the fastest-growing application segment, expanding at a CAGR of 9.3% in the forecast period. The ingredients find their major application in the biopharma industry, which has witnessed robust growth in the last few years.

  3. On the basis of product, vinegar is the most prominent product for fermentation that accounted for more than 40.0% share of the overall revenue in 2018. The growth of the product is attributed to its vast application in bakery and confectionary, dairy, household, and animal feed.

  4. Cider is the fastest-growing product segment, expanding at a CAGR of 9.2% in the forecast period. Cider also finds its application in the production of various forms of wine.

  5. In 2018, Europe dominated the market, accounting for a 35% share of total sales, and is predicted to see significant growth in the forecast period. France is the biggest contributor to the region’s market growth.

  6. Asia Pacific is projected to be the fastest-growing market with a CAGR of 9.6% over the forecast period. The increasing population in countries like India and China is the main reason for the growth of the market.

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Fermented Ingredients Market Segmentation

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

    • U.S.

    • Canada

  • Europe

    • France

    • U.K.

  • Asia Pacific

    • China

    • India

  • MEA

    • UAE

  • CSA

    • Argentina

List of Key Players of Fermented Ingredients Market

  • Vander Mill
  • Citizen Cider LLC
  • India Cocoa
  • Red Boat
  • Squid
  • Lallemand Inc.
  • Chr. Hansen Holding A/S
  • Angel Yeast Co. Ltd.
  • E.I. du Pont de Nemours and Company
  • Lonza

Have Any Query? Ask Our Experts for More Details on Reporthttps://www.grandviewresearch.com/inquiry/4075/ibb

Browse Related Report @

Probiotics Market – https://www.grandviewresearch.com/industry-analysis/probiotics-market

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About Grand View Research

Grand View Research is a market research and consulting company based in the State of California with headquarters in San Francisco. The company offers consulting services tailored for business organizations to assist them with understanding and exploring their potential on a large scale. At the same time, Grand View Research caters to the individual research needs to provide a customized research service.
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