The fermentation ingredients market was valued at US$ 28 billion in 2021; registering at a CAGR of 7.5% from 2022 to 2028, according to a new research study conducted by The Insight Partners.
Rising Demand from Food and Beverages industry is Catalyzing Fermentation Ingredients Market Fermentation Ingredients Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: by Type (Yeast, Amino Acids, Organic Acid, Vitamins, Enzymes, and Others), Application (Food and Beverages, Animal Feed, Pharmaceuticals, Personal Care Products, and Others), and Geography (North America, Europe, Asia Pacific, and South and Central America)
Fermentation Ingredients Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Download Free Sample
Source: The Insight Partners Analysis
Fermentation ingredients are the microbial cultures used to ferment products in various industries to maintain appropriate texture, color, and flavor. The demand is majorly attributed to rising awareness about the preservation of food and beverage, higher demand for antibiotics, and rising demand for fermentation-derived products. However, the inconsistent availability and high cost of raw materials hamper the fermentation ingredients market growth.
The emerging applications of fermentation ingredients in personal care and cosmetic products pose significant growth opportunities for the fermentation ingredients market players. Various fermentation ingredients such as bacteria, yeast, and amino acid are used in skincare and personal care products. The fermentation method improves the level of antioxidants in personal care products which has surged its use. When incorporated in topical skincare products, the fermentation process improves the bioavailability of ingredients, which allows their deeper absorption into the skin depth. This property makes their use in skin care products meant for dry skin more suitable.
North America holds the largest share of the fermented ingredients market, while Asia Pacific is expected to register the highest CAGR in the market during the forecast period. The market growth in North America is attributed to consumer inclination toward high-protein diets and rising awareness regarding the health benefits of fermented ingredients in various industries including food and beverages, pharmaceuticals, personal care, and others. However, the COVID-19 pandemic hampered the fermentation ingredients market due to interrupted supply chains, which resulted in a shortage of raw materials and products, eventually leading to price hikes.
Döhler GmbH; DSM; Chr. Hansen Holding A/S; Lallemand Inc.; Kerry Group plc; Cargill, Incorporated; Associated British Foods plc; Lonza; Ashland; and Angel Yeast Co., Ltd are among the key market players profiled during the study. Several other major companies were also studied and analyzed to get a holistic view of the fermentation ingredients market and its ecosystem.
Contact Us
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com