Widespread adoption of biological process
such as fermentation in boosting the nutritional value of ingredients
has been instrumental in defining the current state of global food &
beverage sector. Fermented ingredients have garnered surplus demand,
even beyond their conventional food-making applications. Cosmetics
derived from fermented ingredients are showing remarkable
effectiveness in terms of improving the overall skin health.
Consumers are showing interests towards
products made from fermented ingredients. The key role of fermented
ingredients in boosting the bioavailability of overall product is
also anticipated to fuel their sales. By the end of 2022, the global
sales of fermented ingredients are expected to reach US$ 40 Bn,
according to Persistence Market Research.
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A new study published by Persistence
Market Research projects that global market for fermented ingredients
will record a robust expansion during the forecast period, 2017-2022,
registering more than 7% CAGR in terms of value. Increasing demand
for probiotics, coupled with rising preference for nutrition-rich
food, are expected to be among key factors driving the growth of
global fermented ingredients market.
According to the key findings compiled in
this report, North America is predicted to remain the largest market
for fermented ingredients. US-based food & beverage manufacturers
are expected to remain active in expansion of global fermented
ingredients market during the forecast period. In 2017, sales of
fermented ingredients in the US and Canada are estimated to bring in
more than US$ 12 Bn in revenues. Europe is also observed as a
lucrative market for fermented ingredients. Between 2017 and 2022,
Europe’s fermented ingredients market is poised to create an
incremental opportunity of more than US$ 3 Bn. Japan will have the
smallest share on global revenues, while sales of fermented
ingredients in Asia-Pacific excluding Japan (APEJ) region will
reflect strong CAGR during the forecast period.
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The report has also profiled key players
partaking in the global market for fermented ingredients. These
include, AngelYeast Co., Ltd., BASF SE, Associated British Foods
Plc., Döhler Group SE, Cargill Inc., E.I. duPont de Nemours and Co.,
Ingredion Incorporated, Frutarom Industries Ltd., Kerry Group Plc.,
Lonza Group AG, and Lallemand Inc.
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Majority of companies are expected to
focus on product launch by trying out fermentation of new ingredients
in fresh conditions. Some companies are also expected to boost their
R&D purview and obtain new variety of fermented ingredients.
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