According to a new market report by Lucintel, the future of the fermented ingredient market looks promising with opportunities in the food and beverage, pharmaceutical, and personal care industries. The fermented ingredient market is expected to grow with a CAGR of 9% from 2019 to 2024. The major growth drivers for this market are increasing awareness on health benefits, rising prevalence of digestive problems and obesity, and increasing demand for antibiotics.
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Fermentation ingredients are used to help in preserving and increasing the shelf life of the product. In this market, amino acids, organic acids, biogas, polymer, vitamins, antibiotics, and industrial enzymes are the major ingredient types. Amino acids are the largest segment.
Within the fermented ingredient market, batch fermentation, continuous fermentation, aerobic fermentation, and anaerobic fermentation are the major process types.
Liquid and dry are the major forms of the fermented ingredient market.
Asia Pacific will be the largest market over the forecast period due to growing demand for high-quality fermented food and beverage products.
E.I. Dupont De Nemours and Company, Ajinomoto Corporation, Koninklijke DSM, CHR. Hansen, BASF, Lallemand, Angelyeast, Döhler Group, Cargill Incorporated, and Lonza are among the major manufacturers in the fermented ingredient market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the fermented ingredient market by ingredient type, application, form, process, and region. Lucintel has prepared a comprehensive research report titled "Fermented Ingredient Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the fermented ingredient market by ingredient type, application, form, process, and region as follows:
By Ingredient Type [$M shipment analysis for 2013 – 2024]:
Amino Acids
Organic Acids
Biogas
Polymer
Vitamins
Antibiotics
Industrial Enzymes
By Application [$M shipment analysis for 2013 – 2024]:
Food and Beverages
Pharmaceuticals
Personal Care
Others
By Form [$M shipment analysis for 2013 – 2024]:
By Process [$M shipment analysis for 2013 – 2024]:
Batch Fermentation
Continuous Fermentation
Aerobic Fermentation
Anaerobic Fermentation
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
United Kingdom
Germany
France
Italy
Spain
Asia-Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/fermented-ingredient-market.aspx or helpdesk@lucintel.com.
About Lucintel
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