The report “Fermented Ingredients Market by Type (Amino Acids, Organic Acids, Biogas, Polymers, Vitamins, Industrial Enzymes), Application (Food & Beverages, Feed, Pharmaceuticals, Paper), Form (Dry, and Liquid), and Region – Global Forecast to 2022″, is projected to reach a value of USD 35.63 Billion by 2022 at a CAGR of 9.0% from 2017.
The market is driven by factors such as rise in awareness among consumers toward quality fermented food ingredients, growth in bio-ethanol & antibiotics industry. The high growth potential in emerging markets and untapped regions provide new growth opportunities for the market players.
The rapidly growing bioethanol industry is expected to significantly drive the demand for fermented ingredients
Fermented ingredients are commonly used in food and beverage applications such as beer, bread, yoghurts, and cheese among others. Fermented amino acid is widely used in food products, and different amino acids impart different flavors to the food products they are used in. Increasing application of fermented ingredients in bakery and dairy products is expected to drive the global fermented ingredients market for food & beverages. With the advancement of microbiology and biotechnology, food and beverages has become a major industry for the fermented ingredients market.
To know about the assumptions considered for the study, download PDF brochure
Fermented ingredients in feed products are rising in popularity owing to its beneficial functionalities. For instance, studies show that fermenting chicken feed can increase its eggshell thickness and egg weight, and boost the chickens’ immune system and intestinal health, increasing their resistance to diseases such as E. coli and Salmonella. Some of the well-known fermented feed ingredients of amino acids are ADM L-Lysine HCl, ADM Liquid L-Lysine 50%, and ADM L-Threonine.
The pharmaceutical industry is focusing on developing new concepts and products of specialty ingredients including fermented ingredients. Amino acids, vitamin and related compounds, and industrial enzymes are commonly used as fermented ingredients in the pharmaceutical industry.
Textile & leather
The demand for industrial enzymes such as polysaccharides are continuously increasing from the textile & leather industry. Companies from the textile and leather industry are focusing on cost-effective fermented ingredients as a semi-finished product for the manufacturing of their products. Due to the global energy crisis as well as high cost of fuels, the focus on activities to conserve energy to a maximum extent has increased. The textile industry retains a record of the lowest efficiency in energy utilization and as one of the major energy consuming industries.
The effect of busy lifestyles and evolving eating habits in the developing economies has propelled the market for processed food & beverages; hence, there is a rise in the demand for fermented ingredients. In addition, rising awareness and growing consumer capacity are expected to drive the demand for fermented ingredients in the food and feed industries. Consumers are expected to replace their consumption of industry products with fresh or healthier food products with the intention of improving their diet. This has increased the demand for food products processed with fermented ingredients. A majority of global growth in the demand for processed fermented products is expected to come from Asia, in particular from China and India.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
The key players in this market are DuPont (US), Ajinomoto (Japan), DSM (Netherlands), Chr. Hansen (Denmark.), BASF (Germany), Lallemand (Canada), Döhler Group (Germany), Cargill (US), Lonza AngelYeast Co., Ltd (China), International B.V. (Netherlands), Kerry (Ireland), DIANA Group (France), Olam International (Singapore), SensoryEffects Ingredient Solutions (US), and Sensient Technologies Corporation (US). These companies use strategies such as acquisitions, expansions & investments, agreements, joint venture & partnerships, and new product launches/developments to strengthen their position in the market.