The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The fermented ingredients market has experienced robust growth, escalating from $35.08 billion in 2023 to an anticipated $38.11 billion in 2024, with a notable compound annual growth rate (CAGR) of 8.6%. This upward trajectory is attributed to various factors, including increased consumer demand for natural and clean label ingredients, awareness of the health benefits of fermented foods, rising demand for functional and nutrient-rich ingredients, and product innovation in the food and beverage industry.

Current Market Dynamics:

Digestive Health Concerns Propel Growth

The prevalence of digestive problems and obesity is a key driver propelling the growth of the fermented ingredient market. Fermented ingredients, rich in lactic acid bacteria, contribute to digestive system restoration and support. Additionally, these ingredients aid in reducing blood pressure and improving cholesterol levels. Rising health concerns, particularly related to obesity, are influencing consumer preferences towards fermented and healthy foods, boosting the demand for fermented ingredients.

• Fermented ingredients address digestive health concerns
• Lactic acid bacteria supports the digestive system
• Health benefits include blood pressure reduction and improved cholesterol levels
• Rising obesity rates fuel demand for fermented and healthy foods

Key Players in the Market

Major companies contributing to the growth of the fermented ingredients market include Lallemand Inc., Chr. Hansen Holding A/S, Ajinomoto Co. Inc., and BASF SE. These industry leaders play a pivotal role in shaping the market landscape, catering to evolving consumer demands and preferences.

• Lallemand Inc.
• Chr. Hansen Holding A/S
• Ajinomoto Co. Inc.
• BASF SE

Future Growth:

Anticipating Strong Momentum

The fermented ingredients market is poised for substantial growth in the coming years, with projections indicating an increase to $54.44 billion by 2028, boasting a CAGR of 9.3%. This growth is driven by emerging trends and factors such as the adoption of fermented ingredients in the pharmaceutical and nutraceutical industries, emphasis on sustainable and eco-friendly food production practices, research and development in fermented ingredients for personalized nutrition, and the need for reduced sugar and salt alternatives in food formulations.

• Projections foresee market growth to $54.44 billion by 2028
• Factors contributing to growth include adoption in pharmaceutical and nutraceutical industries
• Emphasis on sustainable and eco-friendly food production practices
• R&D in fermented ingredients for personalized nutrition
• Increased demand for reduced sugar and salt alternatives in food formulations

Major Trends Shaping the Future

Trends that will shape the fermented ingredients market in the forecast period include the rise of fermented plant-based proteins, artisanal and small-batch fermentation, clean label and minimal processing, precision fermentation, and biotechnology, as well as the incorporation of fermented ingredients in personal care and cosmetics.

• Emergence of fermented plant-based proteins
• Growth of artisanal and small-batch fermentation
• Clean label and minimal processing trends
• Precision fermentation and biotechnology applications
• Integration of fermented ingredients in personal care and cosmetics

View More On The Fermented Ingredients Market Report 2024 –
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Innovations and Strategic Moves:

Innovative Ingredients Steer Market Growth

Major players in the fermented ingredients market are focusing on innovative product development to enhance their offerings and cater to changing consumer preferences. For example, SVZ International launched fermented red beet ingredients, derived from a fermentation process, offering unique flavors and potential health benefits for the dairy industry.

• Emphasis on developing innovative products
• Introduction of fermented red beet ingredients by SVZ International
• Unique flavors and potential health benefits
• Catering to changing consumer preferences in the dairy industry

Kerry Group’s Strategic Acquisition

In February 2022, the Ireland-based taste and nutrition company, Kerry Group, acquired c-LEcta GmbH for €137 million ($226 million). This strategic move enhances Kerry Group’s innovation capabilities in enzyme engineering, fermentation, and bio-process development. The acquisition provides access to c-LEcta GmbH’s precision fermentation portfolio for creating high-value targeted enzymes and ingredients.

• Kerry Group’s acquisition of c-LEcta GmbH for €137 million
• Accelerated innovation capabilities in enzyme engineering and fermentation
• Access to precision fermentation portfolio for high-value targeted enzymes and ingredients

Market Segmentation: A Comprehensive Breakdown

The fermented ingredients market is segmented based on various parameters:

1. By Type:
   • Amino Acids
   • Organic Acids
   • Polymers
   • Vitamins
   • Industrial Enzymes
   • Antibiotics
2. By Form:
   • Liquid
   • Dry
3. By Application:
   • Food And Beverage
   • Pharmaceuticals
   • Other Applications

Regional Insights:

North America Leads, Asia-Pacific Grows Rapidly

In 2023, North America held the largest share in the fermented ingredients market, and Asia-Pacific is expected to be the fastest-growing region in the forecast period. This growth is attributed to factors such as increased awareness, changing dietary preferences, and the incorporation of fermented ingredients in diverse applications across industries.

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The Fermented Ingredients Global Market Report 2024  provides comprehensive insights on the fermented ingredients market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the fermented ingredients market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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