The Global Fermented Ingredients Market to 2023: Driven by the Growing Demand of Fermented Ingredients to Prompt the Process of Fermentation - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 26, 2018--The “Global Fermented Ingredients Market - Segmented by Ingredients Type, Form, Application, and Geography - Growth, Trends and Forecasts (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The global fermented ingredients market is projected to grow at the rate of 8.7% during the forecast period 2018 to 2023.
Growing demand of fermented ingredients to prompt the process of fermentation in food and non-food application sector so as to obtain the desired end product is driving the market growth. Rise of bio-ethanol industry is influencing the market growth of fermented ingredients especially due to increasing application in feed industry.
Moreover, growing awareness regarding food preservation is playing major role to drive the global market. Increased demand of products with longer the shelf life, preservation with the help of fermented ingredients is also driving application of fermented ingredients factor, driving the global market for fermented ingredients.
However, lack of quality raw materials and growing cost along with possibilities of health risk due to fermentation process are the restraining the growth of the fermented ingredient market at some extent.
In the global fermented ingredients market, amino acid is likely to witness significant market share due to growing demand for amino acids by food & beverage and animal feed additive industries from last few years. Growing preference for fermented ingredients by several personal care product manufactures in their products led to the growth in demand of fermented ingredients in personal care industry.
Based on the application, food & beverage accounted for significant market share and is expected to have a steady growth rate during the forecast period. Vitamins are also expected to witness substantial growth as key fermented ingredients in the food & beverage sector especially due to increasing application in probiotic drinks such as kefir.
Key Developments in the MarketKerry invested USD 28.6 million in its facility in Rochester, Minnesota. The project helped to increase manufacturing capacity at the facility in naturally-derived fermented ingredients. Chr. Hansen holding opened a new facility at Mukwonago, Wisconsin. A West Allis plant that is part of an international company known as a major player in the worldwide food industry has an eye to expanding.
Key Topics Covered
2. Fermented Ingredients Market Insights
3. Fermented Ingredients Market Dynamics
4. Fermented Ingredients Market Segmentation
5. Fermented Ingredients Market By Geography
6. Fermented Ingredients Market Competitive LandscapeAjinomoto Co. Inc. DowDuPont Inc. Koninklijke DSM N.V. Chr. Hansen Holding A/S BASF SE Dhler Group SE Lallemand Inc. Angel Yeast Co. Ltd. Cargill Inc. Lonza Group Ltd. CSK Food Enrichment B.V. Associated British Foods plc
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Related Topics:Food Ingredients
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 09/26/2018 06:05 AM/DISC: 09/26/2018 06:05 AM