Fermented ingredients market is projected to reach USD 35.6 billion by 2022 at a CAGR of 9.0% from 2017. The market is driven by factors such as growth in bio-ethanol & antibiotics industry, rise in awareness toward quality fermented food ingredients.
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The key players in the Fermented Ingredients Market include – E. I. du Pont de Nemours and Company (U.S.), Ajinomoto Corporation Inc. (Japan), Koninklijke DSM N.V. (Netherlands), Chr. Hansen A/S (Denmark), BASF SA (Germany), Lallemand Inc. (Canada), AngelYeast Co., Ltd. (China), Döhler Group (Germany), Cargill (U.S.), Lonza (Switzerland).
The growth in preferences of consumers toward products manufactured by biotechnology has given opportunities to fermented ingredient manufacturers to introduce new and effective fermented ingredients across various segments. Availability of quality raw materials and high cost and possibilities of health risk due to fermentation are the restraining factors for fermented ingredient product manufacturers.
Highly populous countries such as China and India in the Asia-Pacific region are anticipated to drive the demand for fermented ingredients during the forecast period. Growth in demand for high-quality food and personal care products is propelling the demand for quality fermented ingredients in this region.
Effective fermented amino acids and enzymes used in pharmaceutical applications play an important role in direct therapeutic effects of pharmaceutical products. Therefore, high-quality fermented ingredients are of great importance in the pharmaceutical industry and are demanded on a large scale. Fermented ingredients are projected to yield demand in pharmaceutical intelligence, for instance, tissue engineering.
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- Government and research organizations
- Associations and industrial bodies
- Traders, distributors, and retailers
- Food industry
- Fermented ingredient manufacturers and suppliers
- Regulatory institutions
- Food safety agencies
- Institutes and universities
Amino acids are the organic compounds that are widely used by the industries such as food & beverage, feed, and pharmaceutical. These are the building blocks of protein and are directly involved in the functioning of the nervous system. Amino acids such as lysine and methionine are majorly utilized as additives in the animal feed industry. In addition, amino acids such as glutamic are popular flavor enhancers and in demand in the food industry.
This research report categorizes the fermented ingredients market based on type, application, form, process, and region. Based on type, the market has been segmented into amino acids, organic acids, vitamins, polymers, biogas, antibiotics and industrial enzymes. Based on applications, the market has been segmented into food & beverages, feed, pharmaceutical, paper, textile & leather, biofuel, and personal care. In terms of form, the market has been segmented into liquid and dry. Regional segmentation of the market includes North America, Europe, Asia-Pacific, and RoW (Rest of the World).
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