The global fermented food and ingredients market is expected to reach $1062.75 billion by 2028, growing at a CAGR of 4.93% during the forecast period. The base year considered for the study is 2019, the estimated period being between 2020 and 2028. The increasing awareness regarding good health is a crucial driving force in the fermented food and ingredients market. The rising consciousness about health has made people opt for healthier alternatives to traditional food items. The fermentation of food products helps in reducing fat and calories from food products like dairy and sweeteners, probiotics, etc. These products also help in developing immunity against diseases, resulting in increased life expectancy. In 2019, around 67.43% of revenue share was captured by the confectionery & bakery products category. On the other hand, the dairy products under the food type segment is anticipated to be the fastest-growing fermented food type.
GLOBAL FERMENTED FOOD AND INGREDIENTS MARKET FORECAST 2020-2028
Global Fermented Food and Ingredients Market by Food Type (Confectionery & Bakery Products, Dairy Products, Vegetables, Other Fermented Food Types) by Ingredients (Amino Acids, Organic Acids, Vitamins, Industrial Enzymes, Other Ingredients) by Geography.
The global fermented food and ingredients market is expected to reach $1062.75 billion by 2028, growing at a CAGR of 4.93% during the forecast period. The base year considered for the study is 2019, the estimated period being between 2020 and 2028.
The key factors responsible for the global fermented food and ingredients market growth are:
- Increasing demand for food preservation
- Wide awareness regarding good health
- Changing food habits
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The increasing awareness regarding good health is a crucial driving force in the fermented food and ingredients market. The rising consciousness about health has made people opt for healthier alternatives to traditional food items. The fermentation of food products helps in reducing fat and calories from food products like dairy and sweeteners, probiotics, etc. These products also help in developing immunity against diseases, resulting in increased life expectancy.
In 2019, around 67.43% of revenue share was captured by the confectionery & bakery products category. On the other hand, the dairy products under the food type segment, is anticipated to be the fastest-growing fermented food type. The demand for confectionery and bakery products like bread & cake has always been high due to factors like convenience and taste. In recent years, the enhancement of the nutritional profile in bakery products is a key trend that has gained a great deal of momentum. The manufacturers are also trying to enhance the nutritional value of traditional bakery products through the addition of functional ingredients, like omega-3, multigrain, prebiotics, vitamins, and others. This trend of a healthy variant of bakery products is expected to supplement the fermented food and ingredients market growth over the forecast period.
However, operational hindrances, incidences of adverse effects of fermented food on health, and greater preference for fresh products over fermented counterparts are profoundly restricting the growth of the global fermented food and ingredients market.
The report on the global fermented food and ingredients market includes segmentation analysis on the basis of food type, ingredients, and distribution channel.
Market by Food Type
- Confectionery & Bakery Products
- Dairy Products
- Vegetables
- Others
Market by Ingredients
- Amino Acids
- Organic Acids
- Vitamins
- Industrial Enzymes
- Others
Market by Distribution channel
- Retail stores
- Online stores
- Others
Geographically, the global fermented food and ingredients market has been segmented on the basis of four major regions, which includes:
- North America: the United States and Canada
- Europe: the United Kingdom, Germany, France, Italy, Russia, Belgium, Poland, and the Rest of Europe
- Asia Pacific: China, India, Japan, South Korea Australia & New Zealand, Thailand, Indonesia, Vietnam, Singapore, Malaysia, and the Rest of Asia Pacific
- Rest of World: Latin America, the Middle East, and Africa
With respect to geography, the Asia Pacific region dominated the market with a revenue share of 34.07% in 2019. India, Japan, Malaysia, and South Korea, are famous for several local fermented dishes that are leveraged by the larger food companies. The region will outperform the other regions during the forecast period, due to the increasing disposable income among the consumers for such products, especially in countries like India and China. Growing urbanization and changing dietary patterns, are capable of driving the overall market demand for fermented food and ingredients.
Though the adoption of fermented food and ingredients in Europe is low, at present, the outlook for the market in the region is positive due to superior food processing facilities, a well-developed dairy market, and the increasing demand for healthier foods with good taste. The research and development activities have led to the introduction of a number of special and new dairy products.
The key players involved in the global fermented food and ingredients market are:
- Archer Daniels Midland Company
- Cargill Incorporated
- Dupont
- Royal DSM
- Evonik
Key strategies adopted by some of these companies;
In November 2019, Royal DSM acquired Royal CSK, combining complementary strengths to have a better hold on the global dairy market and particularly the fermented food and ingredients category.
Key trends of the global fermented food and ingredients market:
- Food and ingredient companies are expanding their business by launching region-specific products.
- The confectionery & bakery products lead category-wise, in the fermented food type segment.
- Amino Acids is the leading category in the ingredients segment.
- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF THE MARKET STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE AND FORECAST
- MARKET OVERVIEW
- MARKET DYNAMICS
- DEVELOPMENT OF FERMENTED FOOD & INGREDIENTS
- PARENT MARKET ANALYSIS
- MARKET DEFINITION
- MARKET DRIVERS
- INCREASING DEMAND FOR FOOD PRESERVATION
- SPREAD OF AWARENESS REGARDING GOOD HEALTH
- CHANGING FOOD HABITS
- MARKET RESTRAINTS
- OPERATIONAL HINDERANCES
- ADVERSE EFFECT OF FERMENTED FOOD ON HEALTH
- GREATER PREFERENCE FOR FRESH PRODUCTS THAN FERMENTED PRODUCTS
- KEY ANALYTICS
- PORTER’S FIVE FORCE MODEL
- NEW ENTRANTS
- SUBSTITUTION
- SUPPLIERS POWER
- BUYERS POWER
- INDUSTRIAL RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- KEY INVESTMENT INSIGHTS
- PORTER’S FIVE FORCE MODEL
- MARKET BY FOOD TYPE
- CONFECTIONERY & BAKERY PRODUCTS
- DAIRY PRODUCTS
- VEGETABLES
- OTHER FERMENTED FOOD TYPES
- MARKET BY INGREDIENTS
- AMINO ACIDS
- ORGANIC ACIDS
- VITAMINS
- INDUSTRIAL ENZYMES
- OTHER INGREDIENTS
- MARKET BY DISTRIBUTION CHANNEL
- RETAIL STORES
- ONLINE STORES
- OTHER DISTRIBUTION CHANNELS
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- UNITED STATES
- CANADA
- EUROPE
- UNITED KINGDOM
- GERMANY
- FRANCE
- ITALY
- RUSSIA
- BELGIUM
- POLAND
- REST OF EUROPE
- ASIA PACIFIC
- CHINA
- JAPAN
- INDIA
- SOUTH KOREA
- THAILAND
- INDONESIA
- VIETNAM
- SINGAPORE
- MALAYSIA
- AUSTRALIA & NEW ZEALAND
- REST OF ASIA PACIFIC
- REST OF WORLD
- LATIN AMERICA
- MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPANY PROFILES
- ARCHER DANIELS MIDLAND COMPANY
- CARGILL INCORPORATED
- CSK FOOD ENRICHMENT (AQUIRED BY DSM)
- DANONE
- DUPONT
- EVONIK GROUP
- FLOWERS FOODS INC
- GENERAL MILLS INC
- KEVITA (ACQUIRED BY PEPSICO)
- ROYAL DSM
- MONDELĒZ INTERNATIONAL
- MÜLLER UK & IRELAND GROUP
- NESTLÉ S.A.
- NOVOZYMES
- TETRA PAK INTERNATIONAL SA
- YAKULT HONSHA
LIST OF TABLES
TABLE 1: FERMENTED FOOD AND INGREDIENTS MARKET SUMMARY
TABLE 2: GLOBAL FERMENTED FOOD & INGREDIENTS, BY FOOD TYPE, HISTORICAL YEARS, 2016-2019 (IN $ BILLION)
TABLE 3: GLOBAL FERMENTED FOOD & INGREDIENTS, BY FOOD TYPE, FORECAST YEARS, 2020-2028 (IN $ BILLION)
TABLE 4: GLOBAL CONFECTIONERY & BAKERY PRODUCTS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ BILLION)
TABLE 5: GLOBAL CONFECTIONERY & BAKERY PRODUCTS MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ BILLION)
TABLE 6: GLOBAL DAIRY PRODUCTS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ BILLION)
TABLE 7: GLOBAL DAIRY PRODUCTS MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ BILLION)
TABLE 8: GLOBAL FERMENTED VEGETABLES MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ BILLION)
TABLE 9: GLOBAL FERMENTED VEGETABLES MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ BILLION)
TABLE 10: GLOBAL OTHER FERMENTED FOOD TYPES MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ BILLION)
TABLE 11: GLOBAL OTHER FERMENTED FOOD TYPES MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ BILLION)
TABLE 12: GLOBAL FERMENTED FOOD & INGREDIENTS, BY INGREDIENTS, HISTORICAL YEARS, 2016-2019 (IN $ BILLION)
TABLE 13: GLOBAL FERMENTED FOOD & INGREDIENTS, BY INGREDIENTS, FORECAST YEARS, 2020-2028 (IN $ BILLION)
TABLE 14: GLOBAL AMINO ACIDS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ BILLION)
TABLE 15: GLOBAL AMINO ACIDS MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ BILLION)
TABLE 16: GLOBAL ORGANIC ACIDS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ BILLION)
TABLE 17: GLOBAL ORGANIC ACIDS MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ BILLION)
TABLE 18: GLOBAL VITAMINS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ BILLION)
TABLE 19: GLOBAL VITAMINS MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ BILLION)
TABLE 20: GLOBAL INDUSTRIAL ENZYMES MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ BILLION)
TABLE 21: GLOBAL INDUSTRIAL ENZYMES MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ BILLION)
TABLE 22: GLOBAL OTHER INGREDIENTS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ BILLION)
TABLE 23: GLOBAL OTHER INGREDIENTS MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ BILLION)
TABLE 24: GLOBAL FERMENTED FOOD & INGREDIENTS, BY DISTRIBUTION CHANNEL, HISTORICAL YEARS, 2016-2019 (IN $ BILLION)
TABLE 25: GLOBAL FERMENTED FOOD & INGREDIENTS, BY DISTRIBUTION CHANNEL, FORECAST YEARS, 2020-2028 (IN $ BILLION)
TABLE 26: GLOBAL RETAIL STORES MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ BILLION)
TABLE 27: GLOBAL RETAIL STORES MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ BILLION)
TABLE 28: GLOBAL ONLINE STORES MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ BILLION)
TABLE 29: GLOBAL ONLINE STORES MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ BILLION)
TABLE 30: GLOBAL OTHER DISTRIBUTION CHANNELS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ BILLION)
TABLE 31: GLOBAL OTHER DISTRIBUTION CHANNELS MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ BILLION)
TABLE 32: GLOBAL FERMENTED FOOD & INGREDIENTS, BY GEOGRAPHY, HISTORICAL YEARS, 2016-2019 (IN $ BILLION)
TABLE 33: GLOBAL FERMENTED FOOD & INGREDIENTS, BY GEOGRAPHY, FORECAST YEARS, 2020-2028 (IN $ BILLION)
TABLE 34: NORTH AMERICA FERMENTED FOOD & INGREDIENTS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ BILLION)
TABLE 35: NORTH AMERICA FERMENTED FOOD & INGREDIENTS MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ BILLION)
TABLE 36: EUROPE FERMENTED FOOD & INGREDIENTS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ BILLION)
TABLE 37: EUROPE FERMENTED FOOD & INGREDIENTS MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ BILLION)
TABLE 38: ASIA PACIFIC FERMENTED FOOD & INGREDIENTS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ BILLION)
TABLE 39: ASIA PACIFIC FERMENTED FOOD & INGREDIENTS MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ BILLION)
TABLE 40: REST OF WORLD FERMENTED FOOD & INGREDIENTS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ BILLION)
TABLE 41: REST OF WORLD FERMENTED FOOD & INGREDIENTS MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ BILLION)
LIST OF FIGURES
FIGURE 1: PORTER’S FIVE FORCE ANALYSIS
FIGURE 2: OPPORTUNITY MATRIX
FIGURE 3: VENDOR LANDSCAPE
FIGURE 4: KEY INVESTMENT INSIGHTS
FIGURE 5: GLOBAL FERMENTED FOOD & INGREDIENTS, GROWTH POTENTIAL, BY FOOD TYPE (IN 2019)
FIGURE 6: GLOBAL FERMENTED FOOD & INGREDIENTS, BY CONFECTIONERY & BAKERY PRODUCTS, 2020-2028 (IN $ BILLION)
FIGURE 7: GLOBAL FERMENTED FOOD & INGREDIENTS, BY DAIRY PRODUCTS, 2020-2028 (IN $ BILLION)
FIGURE 8: GLOBAL FERMENTED FOOD & INGREDIENTS, BY VEGETABLES, 2020-2028 (IN $ BILLION)
FIGURE 9: GLOBAL FERMENTED FOOD & INGREDIENTS, BY OTHER FERMENTED FOOD TYPES, 2020-2028 (IN $ BILLION)
FIGURE 10: GLOBAL FERMENTED FOOD & INGREDIENTS, GROWTH POTENTIAL, BY INGREDIENTS (IN 2019)
FIGURE 11: GLOBAL FERMENTED FOOD & INGREDIENTS, BY AMINO ACIDS, 2020-2028 (IN $ BILLION)
FIGURE 12: GLOBAL FERMENTED FOOD & INGREDIENTS, BY ORGANIC ACIDS, 2020-2028 (IN $ BILLION)
FIGURE 13: GLOBAL FERMENTED FOOD & INGREDIENTS, BY VITAMINS, 2020-2028 (IN $ BILLION)
FIGURE 14: GLOBAL FERMENTED FOOD & INGREDIENTS, BY INDUSTRIAL ENZYMES, 2020-2028 (IN $ BILLION)
FIGURE 15: GLOBAL FERMENTED FOOD & INGREDIENTS, BY OTHER INGREDIENTS, 2020-2028 (IN $ BILLION)
FIGURE 16: GLOBAL FERMENTED FOOD & INGREDIENTS, GROWTH POTENTIAL, BY FOOD TYPE (IN 2019)
FIGURE 17: GLOBAL FERMENTED FOOD & INGREDIENTS, BY RETAIL STORES, 2020-2028 (IN $ BILLION)
FIGURE 18: GLOBAL FERMENTED FOOD & INGREDIENTS, BY ONLINE STORES, 2020-2028 (IN $ BILLION)
FIGURE 19: GLOBAL FERMENTED FOOD & INGREDIENTS, BY OTHER DISTRIBUTION CHANNELS, 2020-2028 (IN $ BILLION)
FIGURE 20: NORTH AMERICA FERMENTED FOOD & INGREDIENTS MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 21: UNITED STATES FERMENTED FOOD & INGREDIENTS MARKET, 2020-2028 (IN $ BILLION)
FIGURE 22: CANADA FERMENTED FOOD & INGREDIENTS MARKET, 2020-2028 (IN $ BILLION)
FIGURE 23: EUROPE FERMENTED FOOD & INGREDIENTS MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 24: UNITED KINGDOM FERMENTED FOOD & INGREDIENTS MARKET, 2020-2028 (IN $ BILLION)
FIGURE 25: GERMANY FERMENTED FOOD & INGREDIENTS MARKET, 2020-2028 (IN $ BILLION)
FIGURE 26: FRANCE FERMENTED FOOD & INGREDIENTS MARKET, 2020-2028 (IN $ BILLION)
FIGURE 27: ITALY FERMENTED FOOD & INGREDIENTS MARKET, 2020-2028 (IN $ BILLION)
FIGURE 28: RUSSIA FERMENTED FOOD & INGREDIENTS MARKET, 2020-2028 (IN $ BILLION)
FIGURE 29: BELGIUM FERMENTED FOOD & INGREDIENTS MARKET, 2020-2028 (IN $ BILLION)
FIGURE 30: POLAND FERMENTED FOOD & INGREDIENTS MARKET, 2020-2028 (IN $ BILLION)
FIGURE 31: REST OF EUROPE FERMENTED FOOD & INGREDIENTS MARKET, 2020-2028 (IN $ BILLION)
FIGURE 32: ASIA PACIFIC FERMENTED FOOD & INGREDIENTS MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 33: CHINA FERMENTED FOOD & INGREDIENTS MARKET, 2020-2028 (IN $ BILLION)
FIGURE 34: JAPAN FERMENTED FOOD & INGREDIENTS MARKET, 2020-2028 (IN $ BILLION)
FIGURE 35: INDIA FERMENTED FOOD & INGREDIENTS MARKET, 2020-2028 (IN $ BILLION)
FIGURE 36: SOUTH KOREA FERMENTED FOOD & INGREDIENTS MARKET, 2020-2028 (IN $ BILLION)
FIGURE 37: THAILAND FERMENTED FOOD & INGREDIENTS MARKET, 2020-2028 (IN $ BILLION)
FIGURE 38: INDONESIA FERMENTED FOOD & INGREDIENTS MARKET, 2020-2028 (IN $ BILLION)
FIGURE 39: VIETNAM FERMENTED FOOD & INGREDIENTS MARKET, 2020-2028 (IN $ BILLION)
FIGURE 40: SINGAPORE FERMENTED FOOD & INGREDIENTS MARKET, 2020-2028 (IN $ BILLION)
FIGURE 41: MALAYSIA FERMENTED FOOD & INGREDIENTS MARKET, 2020-2028 (IN $ BILLION)
FIGURE 42: AUSTRALIA & NEW ZEALAND FERMENTED FOOD & INGREDIENTS MARKET, 2020-2028 (IN $ BILLION)
FIGURE 43: REST OF ASIA PACIFIC FERMENTED FOOD & INGREDIENTS MARKET, 2020-2028 (IN $ BILLION)
FIGURE 44: REST OF WORLD FERMENTED FOOD & INGREDIENTS MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 45: LATIN AMERICA FERMENTED FOOD & INGREDIENTS MARKET, 2020-2028 (IN $ BILLION)
FIGURE 46: MIDDLE EAST AND AFRICA FERMENTED FOOD & INGREDIENTS MARKET, 2020-2028 (IN $ BILLION)
- MARKET BY FOOD TYPE
- CONFECTIONERY & BAKERY PRODUCTS
- DAIRY PRODUCTS
- VEGETABLES
- OTHER FERMENTED FOOD TYPES
- MARKET BY INGREDIENTS
- AMINO ACIDS
- ORGANIC ACIDS
- VITAMINS
- INDUSTRIAL ENZYMES
- OTHER INGREDIENTS
- MARKET BY DISTRIBUTION CHANNEL
- RETAIL STORES
- ONLINE STORES
- OTHER DISTRIBUTION CHANNELS
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- UNITED STATES
- CANADA
- EUROPE
- UNITED KINGDOM
- GERMANY
- FRANCE
- ITALY
- RUSSIA
- BELGIUM
- POLAND
- REST OF EUROPE
- ASIA PACIFIC
- CHINA
- JAPAN
- INDIA
- SOUTH KOREA
- THAILAND
- INDONESIA
- VIETNAM
- SINGAPORE
- MALAYSIA
- AUSTRALIA & NEW ZEALAND
- REST OF ASIA PACIFIC
- REST OF WORLD
- LATIN AMERICA
- MIDDLE EAST AND AFRICA
- NORTH AMERICA
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