Market Scenario
The globalfermentation ingredients market is predicted to garner USD 78.38 billion during
the forecast period (2016-2023). The global market is considered to register
5.08% CAGR owing to the growing application of fermentation ingredients,
asserts Market Research Future (MRFR).Fermentation is referred to as a
biological process which is based on the use of sterility and cellular
enzymesrather than inanimate catalyst and stimulate chemical reactions in the
materials, they are used in.The process is performed in order to add flavor to
the food and change the formor make it tastier. Fermentation ingredients are
used so that food can stays in good condition and for longer
duration.Fermentation improves the food quality, thus making it more
nutritious, easier to digest, and better in taste.
CompetitiveDashboard
The prominent playersoperating the global fermentation ingredients market are
Uquifa,Archer-Daniels-Midland Co., The Dow Chemical Co, Novozymes A/S,Evonik
Industries AG, Cargill, E.I. du Pont de Nemours & Co., and Incorporated.
Drivers andConstraints Impacting the Market
With the risingapplication of fermentation ingredients by the food and beverage industry, the
global fermentation ingredients market is considered to propel during the
estimated period.The growing awareness about application of fermentation
ingredients in pharmaceutical and personal careproducts is contributing to the
market growth.Moreover, the augmenting popularity of food and beverages
products made using fermentation ingredients is further influencing the market
growth across the globe.Withadvancements in fermentation processcoupled with
the introduction of eco-friendly production system, the market is considered to
flourish. Additionally,the accelerating production of beet, sugar cane,corn,
and tapiocaplay a major role in fueling the market growth during the assessment
period.Eco-friendly production system, augmenting environmental concerns, and
health benefits of fermentation are some other major factors contributing to
the market growth.
On the flip side,factors such as variations in price and accessibility of unrefined resources
are some of the major concerns considered to dampen the market growth during
the appraisal period. Moreover, accessibility of cheap raw materials, budget
allocation, and health risk associated with the use of fermentation ingredients
are likely to pose a threat to the market growth.
Global FermentationIngredients Market: Segmental Analysis
The global fermentationingredients market has been segmented on the basis of type, form, application,
feedstock, and region.
By mode of type, theglobal fermentation ingredients market has been segmented into amino acid,
alcohol, polymer, antibiotics & vitamins, organic acid, industrial enzymes,
and others. Among these, the alcohol segment occupies the largest market share.
The global fermentationingredients industry is segregated as wineries and spirits, breweries,dairy, bakery & confectionary, animal feed, pharmaceutical, and more. Among
these, the brewery and wineries are considered to hold the largest market
share.
By mode of form, theglobal fermented market analysis has been segmented intoliquid, dry,and others.
By mode ofapplication, the global fermentation ingredients market size has been segmented
intofood & beverages, chemical,animal feed, pharmaceutical, and
others.Fermentation ingredients are extensively used in food and beverages
industries in order to increase the nutritional value and qualityof the
products. They are also used to convert carbohydrates into organic acids or
alcoholby using microorganism under anaerobic conditions. The F&B segment
is predicted to experience a higher growth rate during the appraisal period.
By mode of feedstock,the global fermentation ingredients market has been segmented intowheat, sugar
beet, corn, and others.
Regional Insights
Geographically, thefermentation ingredients market span across regions namely, Europe, America,
Asia Pacific, and Rest-of-the-World (RoW).
Among all the regions,the Americas occupy the major market share and is anticipated to experiencea
higher growth rate owing to the rising fermentation ingredients market demand for
F&B sector. U.S. is estimated to be the fastest growing region and is
predicted to expand at 6.12% CAGR owing to the increasing demand of
fermentation ingredients coupled with the availability of resources. Moreover,
the increased application of fermentation in the pharmaceutical and chemical
companies are further playing animportant role.
The Europeanregionoccupies 22.78% of the market share is predicted to garner USD 17.08
billion. With the growing pharmaceutical and chemical industries in Europe, the
market is estimated to expand in this region.
Asia Pacific is alsoconsidered as a substantial market and is estimated to experience the top
growth rate. The growth is attributed to the escalating disposable income of
the middle-class population, mounting population, demand for personal care
products and high-quality food, and consumer awareness associated with health and
wellness in developing economies such as China, India, and Japan.
Industry Updates
December 11, 2018: Aleading player in the fermentation derived ingredient market, Amyris has
recently confirmed that they are expanding their production with their contract
partner ADL Bionatur.
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