The increased demand for fermented products to drive the growth of Fermented Ingredients Market at a CAGR of 8.9%
Hyderabad, India -- (SBWIRE) -- 02/05/2018 -- According to a new market research report "Fermented Ingredients Market (2017-2022)", published by MarketDataForecast, the fermented ingredients market is expected to reach USD 32.53 Billion by 2021 from USD 21.2 Billion in 2016, at a CAGR of 8.9%.
The fermenting process permits natural bacteria to grow on food that is already soaked in salt water. The bacteria feed on the carbohydrates and generate carboxylic acid and ends up in preserved food. Vitamin B, enzymes and a few fatty acids are formed during this method. Increase in global population leading to demand for food and beverages is propelling the growth of fermented ingredients Market. While the consumption trends of fermented beverages have seen a rise in recent times in the developed regions due to the awareness of health benefits associated.
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By Type, the Fermented Ingredients Market is classified into Amino Acids, Organic Acids, Biogas, Polymers, Vitamins, and Industrial Enzymes. The Amino Acids segment is expected to lead the global Fermented Ingredients Market in 2017.
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By Application, the market is segmented into Food & Beverages, Feed, Pharmaceuticals, and Paper. The Food & Beverages segment is expected to account for the largest share of the global fermented ingredients Market in 2017. The fermented dry products are expected to grow at a high CAGR in the forecast period.
On the basis of Process, the Fermented Ingredients Market is categorized into Batch Fermentation, Continuous Fermentation, Aerobic and Anaerobic Fermentation. The Anaerobic Segment is estimated to account for the largest share of the global Fermented Ingredients Market during the forecast period.
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Based on region, the Fermented Ingredients Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America is expected to dominate the Fermented Ingredients Market in 2016. Due to the huge increasing population in China and India, the Asia Pacific market is expected to grow at the highest growth rate in the forecast period but may take few more years to catch up with the markets of western world.
The market is currently dominated by global MNC's and is highly concentrated. While the small players are limited to just the local markets. Major Manufacturers in the Fermented Ingredients Market include E. I. du Pont de Nemours and Company (U.S.), Angel Yeast Co. Ltd. (U.S.), Ajinomoto Corporation Inc. (Japan), Koninklijke DSM N.V. (Netherlands), Chr. Hansen A/S (Denmark), Dohler Group (Germany), Lallemand Inc. (Canada) and Lonza (Switzerland).
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