Fermented ingredients are substances produced through the fermentation process, and are then used as intermediates and active ingredients in various industries to manufacture different end products. These fermented ingredients are processed using different fermentation processes such as aerobic fermentation, anaerobic fermentation, continuous, or batch fermentation depending upon the physical and chemical properties of the processes and the desired products. The ingredients produced from these processes are used for various purposes such as microorganisms for food & food additives, extracts of grains for alcoholic beverages, vitamins and antibiotics for therapeutic compounds, and other enzymes for industrial use. The fermented ingredients are available in different physical forms such as dry and liquid and are used in the food & beverage, pharmaceutical, paper, and other industries as active ingredients or intermediates for processing or manufacturing of fermented foods, alcoholic beverages, or drugs for therapeutic use.
The global fermented ingredients market has been segmented based on type, application, and region. In terms of type, the global fermented ingredients market has been segmented into organic acids, polymers, industrial enzymes, amino acids, biogas, vitamins, and other fermented ingredients. The polymers segment accounted for the largest market share in 2015 driven by increasing popularity and applications of polymer fermented ingredients such as an excipient in the production of pharmaceutical and industrial compounds, along with various applications in the food and beverage industry. Based on application, the market has been segmented into pharmaceutical, feed, paper, and food & beverage. The pharmaceutical segment dominated the global fermented ingredients market in 2015.
Increasing awareness and applications of fermented ingredients, rising demand for bio-ethanol and other biotechnology products produced using fermented ingredients, growing consumer preference, and technological advances in equipment and technologies used for the manufacturing of the fermented ingredients are expected to drive the global fermented ingredients market during the forecast period from 2016 to 2024. However, certain factors such as unavailability of raw materials have led to increasing prices of fermented ingredients, which in turn restrain the global fermented ingredients market. Stringent regulatory processes regarding the manufacture of fermented products and high investments are also expected to restrain the market during the forecast period.
In terms of region, the global fermented ingredients market has been segmented into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global fermented ingredients market in 2015, owing to factors such as increasing demand for high-quality food products, rising adoption of technologically advanced equipment, growing awareness about fermented ingredients, and high growth of the pharmaceutical and food & beverage industries in the region. Europe accounted for the second largest share of the global fermented ingredients market in 2015. However, Asia Pacific is expected to register highest CAGR during the forecast period due to factors such as increasing population, resulting in increasing demand for quality food and better health care products, and rising government initiatives in the food & beverage and pharmaceutical industries.
Key players in the fermented ingredients market are Lonza, Chr. Hansen, E. I. du Pont de Nemours and Company, Döhler, Angel Yeast Co. Ltd., Koninklijke DSM N.V., and Lallemand, Inc. Other players include BASF SA and Cargill.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.