Fermented Ingredients Market Size Worth $39.0 Billion By 2025

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

The food and beverage application segment dominated the market and accounted for more than 65.0% share of the overall revenue in 2018. Growing demand for alcoholic beverages such as beer and wine, which are prepared by fermenting wheat, rice, and grapes, is driving the food and beverage industry. Furthermore, increasing consumption of yogurt, cheese, and pickles in various regions is a key factor boosting the industry growth.

Pharmaceuticals is the fastest growing application segment with a CAGR of 9.3% in the forecast period. The ingredients find their major application in the bio-pharma industry, which has witnessed robust growth in the last few years. Bio-pharmaceuticals contributes more than 25.0% share of the overall pharmaceutical industry, thus driving the market in the forecast period.

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 household as well as 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 skin care is driving the product segment.

In 2018, Europe accounted for the largest fermented ingredients market share of 35.0% in terms of revenue. High consumption of wine, cheese, and yogurt is a key factor driving the regional market. Asia Pacific is anticipated to be the fastest growing regional market, expanding at a CAGR of 9.6% in the forecast period. Increasing awareness about health benefits and consumption of alcoholic beverage are the prominent factors boosting the regional market growth.

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Fermented Ingredients Market Report Highlights

• The global Fermented Ingredients Market was prized at USD 22.0 billion in 2018. It is expected to expand by 8.5% CAGR in near future.
• The process of fermentation is an organic procedure. Principally it is based on the usage of cellular enzymes and infertility before on living catalyst that incite chemical reactions in the material, in which they are utilized.
• The process of fermentation is made to increase the flavor of the food and make it testier otherwise to alter the structure of the food. The fermentation elements are utilized, so that the food items are able to remain in excellent state, for the extended period.
• Fermentation elements are consumed in various industries. For example pharmaceuticals and food & beverages. Various ingredients are utilized to ferment food items such as salt, water, sweeteners resembling to sugar. The combination of water and salt is named as brine. It is broadly used for the fermentation process.
• Rising incidences of troubles regarding the digestive systems and obesity plus increasing awareness amid clients are the few important factors growing the business.
• Fermented ingredients are excellent for the digestive troubles as they are having acidic characteristics. These ingredients get application in preserving the food items and hence, numerous manufacturing companies, utilize them to extend the lifespan of their products. Sequentially, this is affecting optimistically on the development of the market for fermented ingredients.
• Increasing consumption of alcohol, on global level, is also one of the significant factors for the expansion of the business of fermented ingredients. Beer is the preferred alcoholic drink. It is prepared by means of fermenting a variety of products such as wheat, rice etc. Therefore growing consumption of beer will eventually power the expansion of the business of fermented ingredients. Increasing production of bio pharmaceuticals is also projected to impel the market in near future.
• Unpredictable availability of raw materials is the most significant limiting factor which is able to hinder the advancement of the fermented ingredients industry. An excessive charges involved in the procurement of raw materials is additional most important factor, preventing the progress of the industry. But, growing demand from emergent nations, for example China, India and Africa, is anticipated to conquer the outcome of the restraining factors and steer the market to the constructive part.
• Europe led the Fermented Ingredients market in 2018 and was holding 35.0% share. It is estimated to observe considerable development in near future. France is the principal contributor to the development of the business for fermented ingredients along with it is the rapidly increasing market in Europe. Larger consumption of yogurt, alcohol and cheese is a key factor, encouraging the development of the market in Europe. In the same way, the U.K. executes a significant role to impel the requirement for the merchandise, within the region.
• Asia Pacific is projected to be the fast developing region and is expected to record 9.6% CAGR in near future. Increasing population in the nations, for example China and India, growing knowledge regarding the fitness benefits of fermented items amid youth, effect of western life style and increasing per capita income are the key motives for the improvement of the market for fermented ingredients. China and India are holding more than 34.0% population of the world. Hence, the scenario is optimistic on the expansion of the regional market for fermented ingredients.

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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

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