Global Fermented Food and Ingredients Market

Global Fermented Food and Ingredients Market: Focus on Food Type (Fermented Dairy, Fermented Beverages, Fermented Vegetables), Ingredient Type (Amino Acid, Organic Acid, Industrial Enzyme), and Distribution Channel- Analysis and Forecast (2018-2023)

The fermented food and ingredient market is projected to grow from $xx billion in the year 2018 to $689.34 billion by 2023, growing at a CAGR of xx% from 2018 to 2023.

SKU: AG011B
Published Year: 2019
 

The market for fermented food and ingredient has entered its main commericialization phase due to the growing consumers perception of it being a healthy food alternative Fermentation is an anaerobic process which involves the application of bacteria feeding on the starch present in food to produce lactic acid. This process helps in preserving and increasing the shelf life of the food products.

Digestive wellness and the increasing demand for lactose and gluten free products are the factors supporting the growth of fermentation foods and ingredients across the globe. Small categories of companies offering more variety of fermented food are also achieving more growth than dairy-based probiotic products. Since fermentation is a natural process, it usually meets the consumers demand of clean labelling and avoiding synthetic additive and preservatives.

The fermented food and ingredient market research study offers a wide perspective on where the industry is heading toward. The research is based on extensive primary interviews (in-house experts, industry leaders, and market players) and secondary research (a host of paid and unpaid databases), along with the analytical tools that have been used to build the forecast and the predictive models.

The report answers the following questions about the fermented food and ingredient market:

•    What is the fermented food and ingredient market size in terms of revenue during the period 2017-2023, and what is the expected growth rate during the forecast period 2018-2023?
•    What is the revenue generated from the different food type such as fermented dairy products, fermented beverages, fermented confectionary and bakery products, fermented vegetable, and others? 
•    What is the revenue generated from the different ingredient type such as amino acid, industrial enzyme, organic acid, and others? 
•    What are the key trends and opportunities in the market pertaining to the global fermented food and ingredient industry?
•    What are the key distribution channel covered in the fermented food and ingredient market?
•    How attractive is the market for different stakeholders present in the industry on the basis of the analysis of futuristic scenario of the global fermented food and ingredient industry?
•    What are the major driving forces that are expected to increase the demand for fermented foods and ingredients during the forecast period?
•    What are the major challenges inhibiting the growth of the global fermented food and ingredient market?
•    What kind of new strategies are adopted by the existing market players to expand their market position in the industry?
•    What is the competitive strength of the key players in the global fermented food and ingredient market on the baiss of their financial stability, product offerings, and regional presence?

The report further includes a thorouh analysis of the impact of the Porter’s five major forces to understand the overall attractiveness of the industry. The report also focuses on the key developments and investments made in the global fermented food and ingredient market by the players, research organizations, and government bodies.

Further, the report includes an exhaustive analysis of the regional split into North America, Europe, Asia-Pacific, and Rest-of-the-World. Each region details the individual push-and-pull forces in addition to the key players from that region. Some of the prominent players in the fermented food and ingredient market are Danone, Cargill Inc., Royal DSM, E. I. du Pont de Nemours and Company, Flower Group, and Archer Daniels Midland Company.

    Executive Summary
    1    Market Dynamics
          1.1    Market Drivers
                   1.1.1    Growing Consumer Awareness about Health and Wellness
                   1.1.2    Increasing Awareness about Food Preservatives
                   1.1.3    Increase in the Consumption of Functional Food and Beverages
          1.2    Market Restraints
                   1.2.1    Restricted Range of Temperatures and pH for Operations
                   1.2.2    Health Risk Possibilities due to Fermentation
          1.3    Market Opportunities
                   1.3.1    Emerging Economies with High Growth Potential
                   1.3.2    Scope of Expansion through Mergers and Acquisitions
 
    2    Competitive Landscape
          2.1    Key Market Developments and Strategies
                   2.1.1    Product Launches and Developments
                   2.1.2    Business Expansions and Contracts
                   2.1.3    Mergers and Acquisitions
                   2.1.4    Partnerships, Collaborations, and Joint Ventures
                   2.1.5    Others (Awards and Recognitions)
          2.2    Market Share Analysis
                   2.2.1    Market Share Analysis of Fermented Ingredient Manufacturers in Fermented Food and Ingredient Market
 
    3    Industry Analysis
          3.1    Industry Attractiveness
                   3.1.1    Threat of New Entrants
                   3.1.2    Bargaining Power of Buyers
                   3.1.3    Bargaining Power of Suppliers
                   3.1.4    Threat from Substitutes
                   3.1.5    Intensity of Competitive Rivalry
          3.2    Supply Chain Analysis
          3.3    Opportunity Matrix
          3.4    Emerging Trends
                   3.4.1   Emerging Fermented Food Products
                   3.4.2   Emerging Ingredients Bacteriocin
          3.5    Regulatory Landscape
 
    4    Global Fermented Ingredient Market, (by Ingredient Type)
          4.1    Market Overview
          4.2    Amino Acids
          4.3    Organic Acid
          4.4    Vitamins
          4.5    Industrial Enzymes
          4.6    Others
 
    5    Global Fermented Food Market, (by Food Type)
          5.1    Market Overview
          5.2    Fermented Dairy Products
          5.3    Fermented Beverages
          5.4    Fermented Confectionery and Bakery Products
          5.5    Fermented Vegetables
          5.6    Others
 
    6    Global Fermented Food Market, (by Distribution Channel)
          6.1    Market Overview
          6.2    Supermarkets/Hypermarkets
          6.3    Online Stores
          6.4    Others
 
    7    Global Fermented Food Market, (by Region)
          7.1    Europe
                   7.1.1    Europe (by Distribution Channel)
                   7.1.2    Europe (by Food Type)
                   7.1.3    Europe (by Country)
                               7.1.3.1    The U.K.
                                              7.1.3.1.1    The U.K. (by Distribution Channel)
                               7.1.3.2    Germany
                                              7.1.3.2.1    Germany (by Distribution Channel)
                               7.1.3.3    France
                                              7.1.3.3.1    France (by Distribution Channel)
                               7.1.3.4    The Netherlands
                                              7.1.3.4.1    The Netherlands (by Distribution Channel)
                               7.1.3.5    Italy
                                              7.1.3.5.1    Italy (by Distribution Channel)
                               7.1.3.6    Spain
                                              7.1.3.6.1    Spain (by Distribution Channel)
                               7.1.3.7    Rest-of-Europe
                                              7.1.3.7.1    Rest-of-Europe (by Distribution Channel)
           7.2    North America
                    7.2.1    North America (by Distribution Channel)
                    7.2.2    North America (by Food Type)
                    7.2.3    North America (by Country)
                                7.2.3.1    The U.S.
                                               7.2.3.1.1    The U.S. (by Distribution Channel)
                                7.2.3.2    Canada
                                               7.2.3.2.1    Canada (by Distribution Channel)
                                7.2.3.3    Mexico
           7.3    Asia-Pacific
                    7.3.1    Asia-Pacific (by Distribution Channel)
                    7.3.2    Asia-Pacific (by Food Type)
                    7.3.3    Asia-Pacific (by Country)
                                7.3.3.1    China
                                               7.3.3.1.1    China (by Distribution Channel)
                                7.3.3.2    Japan
                                               7.3.3.2.1    Japan (by Distribution Channel)
                                7.3.3.3    India
                                               7.3.3.3.1    India (by Distribution Channel)
                                7.3.3.4    Australia-New Zealand (ANZ)
                                               7.3.3.4.1    ANZ (by Distribution Channel)
                                7.3.3.5    Rest-of-Asia-Pacific
                                               7.3.3.5.1    Rest-of-Asia-Pacific (by Distribution Channel)
           7.4    Rest-of-the-World (RoW)
                    7.4.1    RoW (by Distribution Channel)
                    7.4.2    RoW (by Food Type)
                    7.4.3    Rest-of-the-World (by Country)
                                7.4.3.1    South America
                                               7.4.3.1.1    South America (by Distribution Channel)
                                7.4.3.2    Saudi Arabia
                                               7.4.3.2.1    Saudi Arabia (by Distribution Channel)
                                7.4.3.3    Others
                                               7.4.3.3.1    Others (by Distribution Channel)
 
    8    Company Profiles
          8.1    Archer Daniels Midland Company
                   8.1.1    Company Overview
                   8.1.2    Product Portfolio
                   8.1.3    Financials
                               8.1.3.1    Financial Summary
                   8.1.4    SWOT ANALYSIS
          8.2    Ajinomoto Inc.
                   8.2.1    Company Overview
                   8.2.2    Product Portfolio
                   8.2.3    Financials
                               8.2.3.1    Financial Summary
                   8.2.4    SWOT Analysis
          8.3    Angel Yeast Co. Ltd.
                   8.3.1    Company Overview
                   8.3.2    Product Portfolio
                               8.3.2.1    Corporate Summary
                   8.3.3    SWOT ANALYSIS
          8.4    Cargill Inc.
                   8.4.1    Company Overview
                   8.4.2    Product Portfolio
                   8.4.3    Financials
                               8.4.3.1    Financial Summary
                   8.4.4    SWOT ANALYSIS
          8.5    CHR Hansen
                   8.5.1    Company Overview
                   8.5.2    Product Portfolio
                   8.5.3    Financials
                               8.5.3.1    Financial Summary
                   8.5.4    SWOT Analysis
          8.6    CSK Food Enrichment
                   8.6.1    Company Overview
                   8.6.2    Product Portfolio
                               8.6.2.1    Corporate Summary
                   8.6.3    SWOT ANALYSIS
          8.7    Danone S.A.
                   8.7.1    Company Overview
                   8.7.2    Product Portfolio
                   8.7.3    Financials
                               8.7.3.1    Financial Summary
                   8.7.4    SWOT ANALYSIS
          8.8    Dohler GmbH
                   8.8.1    Company Overview
                   8.8.2    Product Portfolio
                               8.8.2.1    Corporate Summary
                   8.8.3    SWOT ANALYSIS
          8.9    Evonik Industries AG
                   8.9.1    Company Overview
                   8.9.2    Product Portfolio
                   8.9.3    Financials
                               8.9.3.1    Financial Summary
                   8.9.4    SWOT ANALYSIS
         8.10   General Mills Inc.
                   8.10.1    Company Overview
                   8.10.2    Product Portfolio
                   8.10.3    Financials
                                 8.10.3.1    Financial Summary
                   8.10.4    SWOT ANALYSIS
         8.11   Kerry Group
                   8.11.1    Company Overview
                   8.11.2    Product Portfolio
                   8.11.3    Financials
                                 8.11.3.1    Financial Summary
                   8.11.4    SWOT Analysis
         8.12   KeVita
                   8.12.1    Company Overview
                   8.12.2    Product Portfolio
                                 8.12.2.1    Corporate Summary
                   8.12.3    SWOT ANALYSIS
         8.13   Koninklijke DSM N.V.
                   8.13.1    Company Overview
                   8.13.2    Product Portfolio
                   8.13.3    Financials
                                 8.13.3.1    Financial Summary
                   8.13.4    SWOT ANALYSIS
         8.14   Lallemand Inc.
                   8.14.1    Company Overview
                   8.14.2    Product Portfolio
                                 8.14.2.1    Corporate Summary
                   8.14.3    SWOT ANALYSIS
         8.15   Mars Inc.
                   8.15.1    Company Overview
                   8.15.2    Product Portfolio
                   8.15.3    Corporate Summary
                   8.15.4    SWOT ANALYSIS
         8.16   Meiji Holdings Co.,Ltd.
                   8.16.1    Company Overview
                   8.16.2    Product Portfolio
                   8.16.3    Financials
                                 8.16.3.1    Financial Summary
                   8.16.4    SWOT ANALYSIS
         8.17   Mondelez International
                    8.17.1    Company Overview
                    8.17.2    Product Portfolio
                    8.17.3    Financials
                    8.17.4    SWOT ANALYSIS
          8.18   Nestlé S.A.
                    8.18.1    Company Overview
                    8.18.2    Product Portfolio
                    8.18.3    Financials
                                  8.18.3.1   Financial Summary
                    8.18.4    SWOT ANALYSIS
          8.19   Novozymes A/S
                    8.19.1    Company Overview
                    8.19.2    Product Portfolio
                    8.19.3    Financials
                                  8.19.3.1   Financial Summary
                    8.19.4    SWOT ANALYSIS
          8.20   Royal FrieslandCampina N.V.
                    8.20.1    Company Overview
                    8.20.2    Product Portfolio
                    8.20.3    Financials
                                  8.20.3.1   Financial Summary
                    8.20.4    SWOT ANALYSIS
          8.21   Tetra Pak International S.A.
                    8.21.1    Company Overview
                    8.21.2    Product Portfolio
                                  8.21.2.1    Corporate Summary
                    8.21.3    SWOT ANALYSIS
          8.22   Royal FrieslandCampina N.V.
                    8.22.1    Company Overview
                    8.22.2    Product Portfolio
                    8.22.3    Financials
                                  8.22.3.1   Financial Summary
                    8.22.4    SWOT ANALYSIS
 
    9    Report Scope and Methodology
          9.1    Report Scope
          9.2    Fermented Food and Ingredient Market Research Methodology
                   9.2.1    Assumptions
                   9.2.2    Limitations
                   9.2.3    Primary Data Sources
                   9.2.4    Secondary Data Sources
                   9.2.5    Data Triangulation
                   9.2.6    Market Estimation and Forecast
 

List of Tables

Table 1:    Market Snapshot: Global Fermented Food and Ingredient Market
Table 1.1:    pH Range of Fermented Food Products
Table 1.2:    Recent Merger and Acquisitions in Fermented Food and Ingredient Market
Table 3.1:    Analyzing Threat of New Entrants
Table 3.2:    Analyzing Bargaining Power of Buyers
Table 3.3:    Analyzing Bargaining Power of Suppliers
Table 3.4:    Analyzing the Threat from Substitute
Table 3.5:    Analyzing the Intensity of Competitive Rivalry
Table 3.6:    Emerging Fermented Food and Beverages Products in the Industry
Table 3.7:    Key Products in the Bacteriocin Market by the Leading Players
Table 3.8:    Regulatory and Compliance Bodies
Table 4.1:    Global Fermented Ingredient Market (by Ingredient Type), $Billion,  2017-2023
Table 4.2:    Key Developments Pertaining to the Amino Acid Market, (2015-2018)
Table 4.3:    Key Developments Pertaining to the Organic Acid Market
Table 4.4:    Key Developments Pertaining to the Industrial Enzyme Market,  (2015-2018)
Table 5.1:    Global Fermented Food Market, (by Food Type), $Billion, 2017-2023
Table 5.2:    Advantages and Disadvantages of Fermented Dairy Products
Table 5.3:    Key Companies Products in the Fermented Dairy Products Market
Table 5.4:    Key Developments in the Fermented Beverages Market
Table 5.5:    Drivers and Restricting Factors of Fermented Bakery and Confectionery Products
Table 5.6:    Key Developments in the Fermented Confectionery and Bakery Market
Table 5.7:    Different Type of Fermented Vegetables
Table 5.8:    Advantages and Disadvantages of Consuming Fermented Vegetables
Table 6.1:    Global Fermented Food Market (by Distribution Channel), $Billion,  2017-2023
Table 7.1:    Global Fermented Food Market (by Region), $Billion, 2017-2023
Table 7.2:    Europe Fermented Food Market, (by Distribution Channel), $Billion, 2017-2023
Table 7.3:    Europe Fermented Food Market (by Food Type), $Billion, 2017-2023
Table 7.4:    Europe Food Market (by Country), $Billion, 2017-2023
Table 7.5:    The U.K. Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 7.6:    Germany Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 7.7:    France Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 7.8:    The Netherlands Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 7.9:    Italy Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 7.10:    Spain Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 7.11:    Rest-of-Europe Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 7.12:    North America Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 7.13:    North America Fermented Food Market (by Food Type), $Billion,  2017-2023
Table 7.14:    North America Fermented Food Market (by Country), $Billion, 2017-2023
Table 7.15:    The U.S. Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 7.16:    Canada Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 7.17:    Sale of Food and Beverages from Distribution Channels in Canada
Table 7.18:    Asia-Pacific Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 7.19:    Asia-Pacific Fermented Food Market (by Food Type), $Billion, 2017-2023
Table 7.20:    Asia-Pacific Fermented Food Market (by Country), $Billion, 2017-2023
Table 7.21:    China Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 7.22:    Japan Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 7.23:    India Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 7.24:    ANZ Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 7.25:    Rest-of-Asia-Pacific Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 7.26:    RoW Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 7.27:    RoW Fermented Food Market (by Food Type), $Billion, 2017-2023
Table 7.28:    Rest-of-the-World Fermented Food Market (by Country), $Billion, 2017-2023
Table 7.29:    South America Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 7.30:    Saudi Arabia Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 7.31:    Others Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 8.1:    Archer Daniels Midland: Product Portfolio
Table 8.2:    Ajinomoto Co. Inc: Product Portfolio
Table 8.3:    Angel Yeast Co. Ltd.: Product Portfolio
Table 8.4:    Cargill Inc.: Product Portfolio
Table 8.5:    CHR Hansen: Product Portfolio
Table 8.6:    CSK Food Enrichment: Product Portfolio
Table 8.7:    Danone S.A.: Product Portfolio
Table 8.8:    Dohler GmbH: Product Portfolio
Table 8.9:    Evonik Industries AG: Product Portfolio
Table 8.10:    General Mills Inc.: Product Portfolio
Table 8.11:    KeVita: Product Portfolio
Table 8.12:    Koninklijke DSM N.V.: Product Portfolio
Table 8.13:    Lallemand Inc.: Product Portfolio
Table 8.14    Mars Inc: Product Portfolio
Table 8.15:    Meiji Holdings Co.,Ltd.: Product Portfolio
Table 8.16:    Mondelez International: Product Portfolio
Table 8.17:    Nestlé S.A: Product Portfolio
Table 8.18:    Novozymes A/S: Product Portfolio
Table 8.19:    Royal FrieslandCampina N.V.: Product Portfolio
Table 8.20:    Tetra Pak International S.A.: Product Portfolio
Table 8.21:    Yakult Honsha Co., Ltd.: Product Portfolio

List of Figures

Figure 1:    Factors Impacting the Fermented Food and Ingredient Market
Figure 2:    Global Fermented Food and Ingredient Market Snapshot
Figure 3:    Global Fermented Food Market (by Distribution Channel), 2018 and 2023
Figure 4:    Global Fermented Food Market (by Food Type), $Billion, 2018 and 2023
Figure 5:    Global Fermented Ingredient Market (by Ingredient Type), 2018-2023
Figure 6:    Global Fermented Food Market (by Region), 2018-2023
Figure 7:    Global Fermented Food Market (by Country), 2018
Figure 1.1:    Market Dynamics
Figure 1.2:    Impact Analysis of Drivers
Figure 1.3:    Average Life Expectancy 1990-2015
Figure 1.4:    Impact Analysis of Restraints
Figure 2.1:    Strategies Adopted by the Key Players (2015-2018)
Figure 2.2:    Share of Key Market Strategies and Developments (2015-2018)
Figure 2.3:    Product Launches and Developments Share (by Companies)
Figure 2.4:    Business Expansions and Contracts Share (by Companies)
Figure 2.5:    Mergers and Acquisitions Share (by Companies)
Figure 2.6:    Partnerships, Collaborations, and Joint Ventures Share (by Companies)
Figure 2.7:    Market Share Analysis of Fermented Food Manufacturers in Fermented Food Market
Figure 3.1:    Industry Attractiveness (Porter’s Five Forces Analysis) for the Fermented Food and Ingredient Market
Figure 3.2    Supply Chain Analysis Fermented Food and ingredient Market
Figure 3.3    Global Fermented Foods and Ingredient Market Opportunity Matrix, (by Region), 2018 and 2023
Figure 4.1:    Fermented Ingredient: By Ingredient Type
Figure 4.2:    Global Fermented Ingredient Market (by Ingredient Type), 2017-2023
Figure 4.3:    Factors Affecting the Growth of Amino Acids
Figure 4.4:    Amino Acids in Fermented Ingredient Market, 2017-2023
Figure 4.5:    Organic Acids in Fermented Ingredient Market, 2017-2023
Figure 4.6:    Different Type of Fermented Vitamins
Figure 4.7:    Vitamins in Fermented Ingredient Market, 2017-2023
Figure 4.8:    Different Type of Industrial Enzymes
Figure 4.9:    Industrial Enzymes in Fermented Ingredient Market, 2017-2023
Figure 4.10:    Others in Fermented Ingredient Market, 2017-2023
Figure 5.1:    Fermented Food: By Food Type
Figure 5.2:    Global Fermented Food Market, (by Food Type), 2018 and 2023
Figure 5.3:    Global Fermented Dairy Production, 2010-2015-2025
Figure 5.4:    Fermented Dairy Products Market Size in Fermented Food Market, 2017-2023
Figure 5.5:    Health Benefits of Fermented Beverages
Figure 5.6:    Fermented Beverages Market in Fermented Food Market, 2017-2023
Figure 5.7:    Fermented Confectionery and Bakery Products in Fermented Food Market, 2017-2023
Figure 5.8:    Fermented Vegetable Products in Fermented Food Market, 2017-2023
Figure 5.9:    Others Food Type in Fermented Food Market, 2017-2023
Figure 6.1:    Fermented Food: By Distribution Channel
Figure 6.2:    Global Fermented Food Market (by Distribution Channel), 2018 and 2023
Figure 6.3:    Factors Affecting the Growth of Fermented Food through Supermarkets/Hypermarkets
Figure 6.4:    Fermented Food Revenue Generated through Supermarkets/Hypermarkets, 2017-2023
Figure 6.5:    Fermented Food Revenue Generated through Online Stores, 2017-2023
Figure 6.6:    Factors Affecting the Growth of Fermented Foods through Online Stores
Figure 6.7:    Fermented Food Revenue Generated Through Other Distribution Channel, 2017-2023
Figure 7.1:    Global Fermented Food Regional Market Snapshot
Figure 7.2:    Global Fermented Food Market (by Region), 2018 and 2023
Figure 7.3:    Europe Fermented Food Market, 2017-2023
Figure 7.4:    Europe Food Market (by Food Type), 2018 and 2023
Figure 7.5:    The U.K. Fermented Food Market, 2017-2023
Figure 7.6:    The U.K. Fermented Food Market, (by Distribution Channel), 2018 and 2023
Figure 7.7:    Fermented Food Market in Germany, 2017-2023
Figure 7.8:    Germany Fermented Food Market (by Distribution Channel), 2018 and 2023
Figure 7.9:    Fermented Food Market in France, 2017-2023
Figure 7.10:    France Fermented Food Market (by Distribution Channel), 2018 and 2023
Figure 7.11:    Fermented Food Market in the Netherlands, 2017-2023
Figure 7.12:    The Netherlands Fermented Food Market (by Distribution Channel), 2018 and 2023
Figure 7.13:    Fermented Food Market in Italy, 2017-2023
Figure 7.14:    Italy Fermented Food Market (by Distribution Channel), 2018 and 2023
Figure 7.15:    Fermented Food Market in Spain, 2017-2023
Figure 7.16:    Spain Fermented Food Market (by Distribution Channel), 2018 and 2023
Figure 7.17:    Fermented Food Market in Rest-of-Europe, 2017-2023
Figure 7.18:    Rest-of-Europe Fermented Food Market (by Distribution Channel), 2018 and 2023
Figure 7.19:    North America Fermented Food Market, 2017-2023
Figure 7.20:    North America Fermented Food Market (by Food Type), 2018 and 2023
Figure 7.21:    Fermented Food Market in the U.S., 2017-2023
Figure 7.22:    The U.S. Fermented Food Market, 2018 and 2023
Figure 7.23:    Factors Driving Growth of Fermented Food Products in Canada
Figure 7.24:    Fermented Food Market in Canada, 2017-2023
Figure 7.25:    Canada in Fermented Food Market, 2018 and 2023
Figure 7.26:    Fermented Food Market in Mexico, 2017-2023
Figure 7.27:    Asia-Pacific Fermented Food Market, 2017-2023
Figure 7.28:    Asia-Pacific Food Market (by Food Type), 2018 and 2023
Figure 7.29:    China Fermented Food Market, 2017-2023
Figure 7.30:    China Fermented Food Market (by Distribution Channel), 2018 and 2023
Figure 7.31:    Reasons for Opting Healthy Food Products by Consumers in Japan
Figure 7.32:    Japan Fermented Food Market, 2017-2023
Figure 7.33:    Japan in Fermented Food Market (by Distribution Channel), 2018 and 2023
Figure 7.34:    India Fermented Food Market, 2017-2023
Figure 7.35:    India in Fermented Food Market (by Distribution Channel), 2018 and 2023
Figure 7.36:    ANZ Fermented Food Market, 2017-2023
Figure 7.37:    ANZ in Fermented Food Market (by Distribution Channel), 2018 and 2023
Figure 7.38:    Rest-of-Asia-Pacific Fermented Food Market, 2017-2023
Figure 7.39:    Rest-of-Asia-Pacific in Fermented Food Market (by Distribution Channel), 2018 and 2023
Figure 7.40:    Rest-of-the-World Fermented Food Market, 2017-2023
Figure 7.41:    RoW Fermented Food Market (by Food Type), 2018 and 2023
Figure 7.42:    South America Fermented Food Market, 2017-2023
Figure 7.43:    South America Fermented Food Market (by Distribution Channel), 2018 and 2023
Figure 7.44:    Saudi Arabia Fermented Food Market, 2017-2023
Figure 7.45:    Saudi Arabia Fermented Food Market (by Distribution Channel), 2018 and 2023
Figure 7.46:    Others Fermented Food Market, 2017-2023
Figure 7.47:    Others in Fermented Food Market (by Distribution Channel), 2018 and 2023
Figure 8.1:    Share of Key Companies Profiled
Figure 8.2:    Archer Daniels Midland: Overall Financials, 2015-2017
Figure 8.3:    Archer Daniels Midland: Net Revenue (by Business Segment), 2015-2017
Figure 8.4:    Archer Daniels Midland: Net Revenue (by Region), 2015-2017
Figure 8.5:    Archer Daniels Midland: SWOT Analysis
Figure 8.6:    Ajinomoto Co. Inc: Overall Financials, 2015-2017
Figure 8.7:    Ajinomoto Co. Inc: Net Revenue (by Region), 2017
Figure 8.8:    Ajinomoto Co. Inc: Net Revenue by Business Segment, 2017
Figure 8.9:    Ajinomoto Co. Inc.: SWOT Analysis
Figure 8.10:    Angel Yeast Co. Ltd.: SWOT Analysis
Figure 8.11:    Cargill Inc.: Overall Financials, 2016-2018
Figure 8.12:    Cargill Inc.: Net Revenue (by Region), 2016-2018
Figure 8.13:    Cargill Inc.: SWOT Analysis
Figure 8.14:    CHR Hansen: Overall Financials, 2015-2017
Figure 8.15:    CHR Hansen: Net Revenue (by Region), 2017
Figure 8.16:    CHR Hansen: Net Revenue by Business Segment, 2015-2017
Figure 8.17:    CHR Hansen: SWOT Analysis
Figure 8.18:    CSK Food Enrichment: SWOT Analysis
Figure 8.19:    Danone S.A.: Overall Financials, 2015-2017
Figure 8.20:    Danone S.A.: Net Revenue (by Region), 2015-2016
Figure 8.21:    Danone S.A.: Net Revenue (by Region), 2017
Figure 8.22:    Danone S.A.: Net Revenue by Business Segment, 2015-2016
Figure 8.23:    Danone S.A.: Net Revenue by Business Segment, 2017
Figure 8.24:    Danone S.A.: SWOT Analysis
Figure 8.25:    Dohler GmbH: SWOT Analysis
Figure 8.26:    Evonik Industries AG.: Overall Financials, 2016-2018
Figure 8.27:    Evonik Industries AG.: Net Revenue by Business Segment, 2016-2018
Figure8.28:    Evonik Industries AG: Net Revenue by Regional Segment, 2016-2018
Figure 8.29:    Evonik Industries AG.: SWOT Analysis
Figure 8.30:    General Mills Inc.: Overall Financials, 2016-2018
Figure 8.31:    General Mills Inc.: Net Revenue (by Business Segment), 2016-2018
Figure 8.32:    General Mills Inc.: Net Revenue (by Region), 2016-2018
Figure 9.33:    General Mills Inc.: SWOT Analysis
Figure 8.34:    Kerry Group: Product Portfolio
Figure 8.35:    Kerry Group: Overall Financials, 2015-2017
Figure 8.36:    Kerry Group: Net Revenue (by Region), 2017
Figure 8.37:    Kerry Group: Net Revenue by Business Segment, 2017
Figure 8.38:    Kerry Group: SWOT Analysis
Figure 8.39:    KeVita: SWOT Analysis
Figure 8.40:    Koninklijke DSM N.V.: Overall Financials, 2015-2017
Figure 8.41:    Koninklijke DSM N.V.: Net Revenue (by Region), 2015-2017
Figure 8.42:    Koninklijke DSM N.V.: Net Revenue by Business Segment, 2015-2017
Figure 8.43:    Koninklijke DSM N.V.: SWOT Analysis
Figure 8.44:    Lallemand Inc.: SWOT Analysis
Figure 8.45:    Mars Inc. : SWOT Analysis
Figure 8.46:    Meiji Holdings Co.,Ltd.: Overall Financials, 2016-2018
Figure 8.47:    Meiji Holdings Co.,Ltd.: Net Revenue (by Business Segment), 2015-2017
Figure 8.48:    Meiji Holdings Co.,Ltd.: SWOT Analysis
Figure 8.49:    Mondelez International: Overall Financials, 2016-2018
Figure 8.50:    Mondelez International: Net Revenue by Business Segment, 2016-2018
Figure 8.51:    Mondelez International: Net Revenue by Regional Segment, 2016-2018
Figure 8.52:    Mondelez International: SWOT Analysis
Figure 8.53:    Nestlé S.A: Overall Financials, 2016-2018
Figure 8.54:    Nestlé S.A: Net Revenue by Business Segment, 2016-2018
Figure 8.55:    Nestlé S.A: Net Revenue by Regional Segment, 2016-2018
Figure 8.56:    Nestle S.A.: SWOT Analysis
Figure 8.57:    Novozymes A/S: Overall Financials, 2015-2017
Figure 8.58:    Novozymes A/S: Net Revenue (by Business Segment), 2015-2017
Figure 8.59:    Novozymes A/S: Net Revenue (by Region), 2015-2017
Figure 8.60:    Novozymes A/S: SWOT Analysis
Figure 8.61:    Royal FrieslandCampina N.V.: Overall Financials, 2015-2017
Figure 8.62:    Royal FrieslandCampina N.V.: Net Revenue (by Business Segment), 2015-2017
Figure 8.63:    Royal FrieslandCampina N.V.: Net Revenue (by Region), 2015-2017
Figure 8.64:    Royal FrieslandCampina N.V.: SWOT Analysis
Figure 8.65:    Tetra Pak International S.A.: SWOT Analysis
Figure 8.66:    Yakult Honsha Co., Ltd.: Overall Financials, 2016-2018
Figure 8.67:    Yakult Honsha Co., Ltd.: Net Revenue by Business Segment, 2016-2018
Figure 8.68:    Yakult Honsha Co., Ltd.: Net Revenue by Regional Segment, 2016-2018
Figure 8.69:    Yakult Honsha Co.Ltd.: SWOT Analysis
Figure 9.1:    Fermented Food and Ingredient Market Scope
Figure 9.2:    Report Methodology
Figure 9.3:    Primary Interviews Breakdown, by Company, Designation and Region
Figure 9.4:    Sources of Secondary Research
Figure 9.5:    Data Triangulation
Figure 9.6:    Top Down-Bottom-Up Approach for Market Estimation

Health and wellness has been an important concern for majority of the population globally. This is evident from the constantly increasing average life expectancy over the past few years. For a person born in 1990, the average life expectancy was 65.38 years which increased to 71.68 years for a person born in 2015. The increase in life expectancy shows that people are becoming more conscious about their health and have begun working toward maintaining good health. Moreover, with the growing number of medical cases such as heart diseases, cancer, osteoporosis, diabetes, strokes, and rising healthcare costs, consumers on a global level are becoming increasingly aware of the relation between diet and health. Identifying the current demand of a healthy lifestyle, companies across the globe are relentlessly putting in efforts to modify the type of food intake, globally. Companies have come up with the fermented food segment in their existing product portfolios and fermented food ingredients, which are further used in the production of other food products.

Fermented foods and ingredient manufacturers are developing new products and expanding in the market since the past decade. The market was earlier dominated by fiber and probiotic ingredients, but it is now witnessing a shift towards the increasing use of fermented foods across the globe towing to their increasing demand, supported by consumer perceptions of fermentation process being a healthy method for food preservation.

With these advances in the consumer awareness, fermented foods have been known as an efficient functional improvement. The increase in the consumption of fermented foods depicts that the consumers have expanded their definition of wellness to include benefits such as gut health. It also suggests that consumers are working hard to collect the information about the food they consume. This drive towards the digestive wellness trend showcases the changing viewpoint of the consumers about the food they consume.

The fermented food and ingredient market includes a wide array of food type such as fermented dairy, fermented beverages, and fermented confectionary and bakery products. Fermented foods and ingredients are products which undergo desired microbial action which enhances their quality, nutritional value and life. Fermented food products have found widespread usage in the recent years, as they fit in as a perfect solution to the challenges of the changing lifestyle. Fermented foods can be dairy, confectionery and bakery, vegetables, and others (beverages). The fermented products of all these food types have shown better shelf life, while also having good nutritional value.

Major ingredient types of fermented ingredients include amino acid, organic acid, and industrial enzyme,  among others. Amino acid represents the most significant ingredient in the market for the fermented food and ingredients. During the forecast period, ingredient areas, such as industrial enzyme, and organic acid are expected to display the maximum growth, owing to the high possibilities of value addition in these ingredient areas. Fermented food ingredients help in enhancing the quality, texture and flavor of food products. These help in making food products healthier and better in taste. These ingredients are formed using the process of fermentation and are further used in different food products. These ingredients are used to add flavor and to enhance the properties of food products or can also be used in supplements.

Figure 1
Global Fermented Food and Ingredient Market Snapshot

Global Fermented Food and Ingredients Market

Attractive Market Opportunity

•    Global Fermented Food and Ingredient Market- $XX billion estimated in 2018, projected to reach $689.34 billion by 2023, growing at a CAGR of XX% from 2018 to 2023.
•    Market growth is largely attributed to the increasing consumer awareness about the gut health and the importance of maintaining healthy diet.

Source: Secondary Research, Expert Views, and BIS Research Analysis

The fermented food and ingredient market is projected to grow from $xx billion in the year 2018 to $689.34 billion by 2023, growing at a CAGR of xx% from 2018 to 2023. The demand for fermented food and ingredients is driven by increasing population, rising per capita income and increasing awareness about health among the consumers.

Consumer inclination towards the use of fermented food and ingredients are increasing across the globe due to their benefits to the human digestive system, further helping in increasing immunity and brain functions. The source of the gut-healing properties of fermented foods is probiotics, or good bacteria, which is found in products such as kombucha, sauerkraut, kimchi, kefir and pickles.

Food manufactures are taking advantage of the emerging opportunities and expanding their product line in the fermented food products. For instance, PepsiCo acquired probiotics beverage maker KeVita in 2016 and also launched its Tropicana Essentials Probiotics line. One of the major reasons for the companies investing in the market is its profitability aspect which is attracting the millennials who are more captivated by the idea of fermented food and beverages than any other product group.

The fermented food and ingredient market holds a prominent share in various countries of North America, Europe, Asia-Pacific (APAC), and Rest-of-the-World (RoW). Europe is at the forefront of the global fermented food and ingredient market, with high market penetration rate in the U.K., Germany, and others, which are expected to display robust market growth in the coming five years.

Europe, followed by the North America region, generated the highest revenue in the fermented food and ingredient market in 2018. The Europe market for fermented food and ingredient is significantly developed with major growth opportunities arising from countries in the region. The increasing adaptability of fermented food and beverages and the positive support from the government are also expected to augment the growth in the region. The fastest growth rate is expected from the Asia-Pacific and South America regions. Presence of key countries, such as China, India, in Asia-Pacific is estimated to boost the market for fermented food and ingredients.

Competitive Landscape

The fermented foods and ingredients market is associated with the major companies providing various food products and ingredients prepared using fermentation. This varied range of market participants provides opportunities to other players willing to bear the high risks involved in the industry. This segment details the latest strategies & developments adopted by the key market players in the fermented food market. In order to lead the market as well as engage in the process of market growth, a company needs to work in collaboration with the top market leaders, acquire the relatively weaker companies, bring new products and services to the market, and improve the existing products.

The results of the emerging strategies and developments are already providing a push to the market in the form of new product launches and developments. Moreover, the growing market of such food products is further expected to increase the involvement of companies across different segments of the value chain. The key players actively taking part in the fermented food market are: Danone, Cargill Inc., Royal DSM, E. I. du Pont de Nemours and Company, Flower Group, and Archer Daniels Midland Company, among others.

The competitive landscape for the fermented food and ingredient market demonstrates an inclination toward the companies adopting strategies such as partnerships and collaborations along with new product launches for introducing new technologies and enhancing their existing product portfolio. The majority of the companies are actively launching new products to enhance their presence, while the relatively less adoptive strategies comprise mergers and expansions.

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The market for fermented food and ingredient has entered its main commericialization phase due to the growing consumers perception of it being a healthy food alternative Fermentation is an anaerobic process which involves the application of bacteria feeding on the starch present in food to produce lactic acid. This process helps in preserving and increasing the shelf life of the food products.

Digestive wellness and the increasing demand for lactose and gluten free products are the factors supporting the growth of fermentation foods and ingredients across the globe. Small categories of companies offering more variety of fermented food are also achieving more growth than dairy-based probiotic products. Since fermentation is a natural process, it usually meets the consumers demand of clean labelling and avoiding synthetic additive and preservatives.

The fermented food and ingredient market research study offers a wide perspective on where the industry is heading toward. The research is based on extensive primary interviews (in-house experts, industry leaders, and market players) and secondary research (a host of paid and unpaid databases), along with the analytical tools that have been used to build the forecast and the predictive models.

The report answers the following questions about the fermented food and ingredient market:

•    What is the fermented food and ingredient market size in terms of revenue during the period 2017-2023, and what is the expected growth rate during the forecast period 2018-2023?
•    What is the revenue generated from the different food type such as fermented dairy products, fermented beverages, fermented confectionary and bakery products, fermented vegetable, and others? 
•    What is the revenue generated from the different ingredient type such as amino acid, industrial enzyme, organic acid, and others? 
•    What are the key trends and opportunities in the market pertaining to the global fermented food and ingredient industry?
•    What are the key distribution channel covered in the fermented food and ingredient market?
•    How attractive is the market for different stakeholders present in the industry on the basis of the analysis of futuristic scenario of the global fermented food and ingredient industry?
•    What are the major driving forces that are expected to increase the demand for fermented foods and ingredients during the forecast period?
•    What are the major challenges inhibiting the growth of the global fermented food and ingredient market?
•    What kind of new strategies are adopted by the existing market players to expand their market position in the industry?
•    What is the competitive strength of the key players in the global fermented food and ingredient market on the baiss of their financial stability, product offerings, and regional presence?

The report further includes a thorouh analysis of the impact of the Porter’s five major forces to understand the overall attractiveness of the industry. The report also focuses on the key developments and investments made in the global fermented food and ingredient market by the players, research organizations, and government bodies.

Further, the report includes an exhaustive analysis of the regional split into North America, Europe, Asia-Pacific, and Rest-of-the-World. Each region details the individual push-and-pull forces in addition to the key players from that region. Some of the prominent players in the fermented food and ingredient market are Danone, Cargill Inc., Royal DSM, E. I. du Pont de Nemours and Company, Flower Group, and Archer Daniels Midland Company.

    Executive Summary
    1    Market Dynamics
          1.1    Market Drivers
                   1.1.1    Growing Consumer Awareness about Health and Wellness
                   1.1.2    Increasing Awareness about Food Preservatives
                   1.1.3    Increase in the Consumption of Functional Food and Beverages
          1.2    Market Restraints
                   1.2.1    Restricted Range of Temperatures and pH for Operations
                   1.2.2    Health Risk Possibilities due to Fermentation
          1.3    Market Opportunities
                   1.3.1    Emerging Economies with High Growth Potential
                   1.3.2    Scope of Expansion through Mergers and Acquisitions
 
    2    Competitive Landscape
          2.1    Key Market Developments and Strategies
                   2.1.1    Product Launches and Developments
                   2.1.2    Business Expansions and Contracts
                   2.1.3    Mergers and Acquisitions
                   2.1.4    Partnerships, Collaborations, and Joint Ventures
                   2.1.5    Others (Awards and Recognitions)
          2.2    Market Share Analysis
                   2.2.1    Market Share Analysis of Fermented Ingredient Manufacturers in Fermented Food and Ingredient Market
 
    3    Industry Analysis
          3.1    Industry Attractiveness
                   3.1.1    Threat of New Entrants
                   3.1.2    Bargaining Power of Buyers
                   3.1.3    Bargaining Power of Suppliers
                   3.1.4    Threat from Substitutes
                   3.1.5    Intensity of Competitive Rivalry
          3.2    Supply Chain Analysis
          3.3    Opportunity Matrix
          3.4    Emerging Trends
                   3.4.1   Emerging Fermented Food Products
                   3.4.2   Emerging Ingredients Bacteriocin
          3.5    Regulatory Landscape
 
    4    Global Fermented Ingredient Market, (by Ingredient Type)
          4.1    Market Overview
          4.2    Amino Acids
          4.3    Organic Acid
          4.4    Vitamins
          4.5    Industrial Enzymes
          4.6    Others
 
    5    Global Fermented Food Market, (by Food Type)
          5.1    Market Overview
          5.2    Fermented Dairy Products
          5.3    Fermented Beverages
          5.4    Fermented Confectionery and Bakery Products
          5.5    Fermented Vegetables
          5.6    Others
 
    6    Global Fermented Food Market, (by Distribution Channel)
          6.1    Market Overview
          6.2    Supermarkets/Hypermarkets
          6.3    Online Stores
          6.4    Others
 
    7    Global Fermented Food Market, (by Region)
          7.1    Europe
                   7.1.1    Europe (by Distribution Channel)
                   7.1.2    Europe (by Food Type)
                   7.1.3    Europe (by Country)
                               7.1.3.1    The U.K.
                                              7.1.3.1.1    The U.K. (by Distribution Channel)
                               7.1.3.2    Germany
                                              7.1.3.2.1    Germany (by Distribution Channel)
                               7.1.3.3    France
                                              7.1.3.3.1    France (by Distribution Channel)
                               7.1.3.4    The Netherlands
                                              7.1.3.4.1    The Netherlands (by Distribution Channel)
                               7.1.3.5    Italy
                                              7.1.3.5.1    Italy (by Distribution Channel)
                               7.1.3.6    Spain
                                              7.1.3.6.1    Spain (by Distribution Channel)
                               7.1.3.7    Rest-of-Europe
                                              7.1.3.7.1    Rest-of-Europe (by Distribution Channel)
           7.2    North America
                    7.2.1    North America (by Distribution Channel)
                    7.2.2    North America (by Food Type)
                    7.2.3    North America (by Country)
                                7.2.3.1    The U.S.
                                               7.2.3.1.1    The U.S. (by Distribution Channel)
                                7.2.3.2    Canada
                                               7.2.3.2.1    Canada (by Distribution Channel)
                                7.2.3.3    Mexico
           7.3    Asia-Pacific
                    7.3.1    Asia-Pacific (by Distribution Channel)
                    7.3.2    Asia-Pacific (by Food Type)
                    7.3.3    Asia-Pacific (by Country)
                                7.3.3.1    China
                                               7.3.3.1.1    China (by Distribution Channel)
                                7.3.3.2    Japan
                                               7.3.3.2.1    Japan (by Distribution Channel)
                                7.3.3.3    India
                                               7.3.3.3.1    India (by Distribution Channel)
                                7.3.3.4    Australia-New Zealand (ANZ)
                                               7.3.3.4.1    ANZ (by Distribution Channel)
                                7.3.3.5    Rest-of-Asia-Pacific
                                               7.3.3.5.1    Rest-of-Asia-Pacific (by Distribution Channel)
           7.4    Rest-of-the-World (RoW)
                    7.4.1    RoW (by Distribution Channel)
                    7.4.2    RoW (by Food Type)
                    7.4.3    Rest-of-the-World (by Country)
                                7.4.3.1    South America
                                               7.4.3.1.1    South America (by Distribution Channel)
                                7.4.3.2    Saudi Arabia
                                               7.4.3.2.1    Saudi Arabia (by Distribution Channel)
                                7.4.3.3    Others
                                               7.4.3.3.1    Others (by Distribution Channel)
 
    8    Company Profiles
          8.1    Archer Daniels Midland Company
                   8.1.1    Company Overview
                   8.1.2    Product Portfolio
                   8.1.3    Financials
                               8.1.3.1    Financial Summary
                   8.1.4    SWOT ANALYSIS
          8.2    Ajinomoto Inc.
                   8.2.1    Company Overview
                   8.2.2    Product Portfolio
                   8.2.3    Financials
                               8.2.3.1    Financial Summary
                   8.2.4    SWOT Analysis
          8.3    Angel Yeast Co. Ltd.
                   8.3.1    Company Overview
                   8.3.2    Product Portfolio
                               8.3.2.1    Corporate Summary
                   8.3.3    SWOT ANALYSIS
          8.4    Cargill Inc.
                   8.4.1    Company Overview
                   8.4.2    Product Portfolio
                   8.4.3    Financials
                               8.4.3.1    Financial Summary
                   8.4.4    SWOT ANALYSIS
          8.5    CHR Hansen
                   8.5.1    Company Overview
                   8.5.2    Product Portfolio
                   8.5.3    Financials
                               8.5.3.1    Financial Summary
                   8.5.4    SWOT Analysis
          8.6    CSK Food Enrichment
                   8.6.1    Company Overview
                   8.6.2    Product Portfolio
                               8.6.2.1    Corporate Summary
                   8.6.3    SWOT ANALYSIS
          8.7    Danone S.A.
                   8.7.1    Company Overview
                   8.7.2    Product Portfolio
                   8.7.3    Financials
                               8.7.3.1    Financial Summary
                   8.7.4    SWOT ANALYSIS
          8.8    Dohler GmbH
                   8.8.1    Company Overview
                   8.8.2    Product Portfolio
                               8.8.2.1    Corporate Summary
                   8.8.3    SWOT ANALYSIS
          8.9    Evonik Industries AG
                   8.9.1    Company Overview
                   8.9.2    Product Portfolio
                   8.9.3    Financials
                               8.9.3.1    Financial Summary
                   8.9.4    SWOT ANALYSIS
         8.10   General Mills Inc.
                   8.10.1    Company Overview
                   8.10.2    Product Portfolio
                   8.10.3    Financials
                                 8.10.3.1    Financial Summary
                   8.10.4    SWOT ANALYSIS
         8.11   Kerry Group
                   8.11.1    Company Overview
                   8.11.2    Product Portfolio
                   8.11.3    Financials
                                 8.11.3.1    Financial Summary
                   8.11.4    SWOT Analysis
         8.12   KeVita
                   8.12.1    Company Overview
                   8.12.2    Product Portfolio
                                 8.12.2.1    Corporate Summary
                   8.12.3    SWOT ANALYSIS
         8.13   Koninklijke DSM N.V.
                   8.13.1    Company Overview
                   8.13.2    Product Portfolio
                   8.13.3    Financials
                                 8.13.3.1    Financial Summary
                   8.13.4    SWOT ANALYSIS
         8.14   Lallemand Inc.
                   8.14.1    Company Overview
                   8.14.2    Product Portfolio
                                 8.14.2.1    Corporate Summary
                   8.14.3    SWOT ANALYSIS
         8.15   Mars Inc.
                   8.15.1    Company Overview
                   8.15.2    Product Portfolio
                   8.15.3    Corporate Summary
                   8.15.4    SWOT ANALYSIS
         8.16   Meiji Holdings Co.,Ltd.
                   8.16.1    Company Overview
                   8.16.2    Product Portfolio
                   8.16.3    Financials
                                 8.16.3.1    Financial Summary
                   8.16.4    SWOT ANALYSIS
         8.17   Mondelez International
                    8.17.1    Company Overview
                    8.17.2    Product Portfolio
                    8.17.3    Financials
                    8.17.4    SWOT ANALYSIS
          8.18   Nestlé S.A.
                    8.18.1    Company Overview
                    8.18.2    Product Portfolio
                    8.18.3    Financials
                                  8.18.3.1   Financial Summary
                    8.18.4    SWOT ANALYSIS
          8.19   Novozymes A/S
                    8.19.1    Company Overview
                    8.19.2    Product Portfolio
                    8.19.3    Financials
                                  8.19.3.1   Financial Summary
                    8.19.4    SWOT ANALYSIS
          8.20   Royal FrieslandCampina N.V.
                    8.20.1    Company Overview
                    8.20.2    Product Portfolio
                    8.20.3    Financials
                                  8.20.3.1   Financial Summary
                    8.20.4    SWOT ANALYSIS
          8.21   Tetra Pak International S.A.
                    8.21.1    Company Overview
                    8.21.2    Product Portfolio
                                  8.21.2.1    Corporate Summary
                    8.21.3    SWOT ANALYSIS
          8.22   Royal FrieslandCampina N.V.
                    8.22.1    Company Overview
                    8.22.2    Product Portfolio
                    8.22.3    Financials
                                  8.22.3.1   Financial Summary
                    8.22.4    SWOT ANALYSIS
 
    9    Report Scope and Methodology
          9.1    Report Scope
          9.2    Fermented Food and Ingredient Market Research Methodology
                   9.2.1    Assumptions
                   9.2.2    Limitations
                   9.2.3    Primary Data Sources
                   9.2.4    Secondary Data Sources
                   9.2.5    Data Triangulation
                   9.2.6    Market Estimation and Forecast
 

List of Tables

Table 1:    Market Snapshot: Global Fermented Food and Ingredient Market
Table 1.1:    pH Range of Fermented Food Products
Table 1.2:    Recent Merger and Acquisitions in Fermented Food and Ingredient Market
Table 3.1:    Analyzing Threat of New Entrants
Table 3.2:    Analyzing Bargaining Power of Buyers
Table 3.3:    Analyzing Bargaining Power of Suppliers
Table 3.4:    Analyzing the Threat from Substitute
Table 3.5:    Analyzing the Intensity of Competitive Rivalry
Table 3.6:    Emerging Fermented Food and Beverages Products in the Industry
Table 3.7:    Key Products in the Bacteriocin Market by the Leading Players
Table 3.8:    Regulatory and Compliance Bodies
Table 4.1:    Global Fermented Ingredient Market (by Ingredient Type), $Billion,  2017-2023
Table 4.2:    Key Developments Pertaining to the Amino Acid Market, (2015-2018)
Table 4.3:    Key Developments Pertaining to the Organic Acid Market
Table 4.4:    Key Developments Pertaining to the Industrial Enzyme Market,  (2015-2018)
Table 5.1:    Global Fermented Food Market, (by Food Type), $Billion, 2017-2023
Table 5.2:    Advantages and Disadvantages of Fermented Dairy Products
Table 5.3:    Key Companies Products in the Fermented Dairy Products Market
Table 5.4:    Key Developments in the Fermented Beverages Market
Table 5.5:    Drivers and Restricting Factors of Fermented Bakery and Confectionery Products
Table 5.6:    Key Developments in the Fermented Confectionery and Bakery Market
Table 5.7:    Different Type of Fermented Vegetables
Table 5.8:    Advantages and Disadvantages of Consuming Fermented Vegetables
Table 6.1:    Global Fermented Food Market (by Distribution Channel), $Billion,  2017-2023
Table 7.1:    Global Fermented Food Market (by Region), $Billion, 2017-2023
Table 7.2:    Europe Fermented Food Market, (by Distribution Channel), $Billion, 2017-2023
Table 7.3:    Europe Fermented Food Market (by Food Type), $Billion, 2017-2023
Table 7.4:    Europe Food Market (by Country), $Billion, 2017-2023
Table 7.5:    The U.K. Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 7.6:    Germany Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 7.7:    France Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 7.8:    The Netherlands Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 7.9:    Italy Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 7.10:    Spain Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 7.11:    Rest-of-Europe Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 7.12:    North America Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 7.13:    North America Fermented Food Market (by Food Type), $Billion,  2017-2023
Table 7.14:    North America Fermented Food Market (by Country), $Billion, 2017-2023
Table 7.15:    The U.S. Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 7.16:    Canada Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 7.17:    Sale of Food and Beverages from Distribution Channels in Canada
Table 7.18:    Asia-Pacific Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 7.19:    Asia-Pacific Fermented Food Market (by Food Type), $Billion, 2017-2023
Table 7.20:    Asia-Pacific Fermented Food Market (by Country), $Billion, 2017-2023
Table 7.21:    China Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 7.22:    Japan Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 7.23:    India Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 7.24:    ANZ Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 7.25:    Rest-of-Asia-Pacific Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 7.26:    RoW Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 7.27:    RoW Fermented Food Market (by Food Type), $Billion, 2017-2023
Table 7.28:    Rest-of-the-World Fermented Food Market (by Country), $Billion, 2017-2023
Table 7.29:    South America Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 7.30:    Saudi Arabia Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 7.31:    Others Fermented Food Market (by Distribution Channel), $Billion, 2017-2023
Table 8.1:    Archer Daniels Midland: Product Portfolio
Table 8.2:    Ajinomoto Co. Inc: Product Portfolio
Table 8.3:    Angel Yeast Co. Ltd.: Product Portfolio
Table 8.4:    Cargill Inc.: Product Portfolio
Table 8.5:    CHR Hansen: Product Portfolio
Table 8.6:    CSK Food Enrichment: Product Portfolio
Table 8.7:    Danone S.A.: Product Portfolio
Table 8.8:    Dohler GmbH: Product Portfolio
Table 8.9:    Evonik Industries AG: Product Portfolio
Table 8.10:    General Mills Inc.: Product Portfolio
Table 8.11:    KeVita: Product Portfolio
Table 8.12:    Koninklijke DSM N.V.: Product Portfolio
Table 8.13:    Lallemand Inc.: Product Portfolio
Table 8.14    Mars Inc: Product Portfolio
Table 8.15:    Meiji Holdings Co.,Ltd.: Product Portfolio
Table 8.16:    Mondelez International: Product Portfolio
Table 8.17:    Nestlé S.A: Product Portfolio
Table 8.18:    Novozymes A/S: Product Portfolio
Table 8.19:    Royal FrieslandCampina N.V.: Product Portfolio
Table 8.20:    Tetra Pak International S.A.: Product Portfolio
Table 8.21:    Yakult Honsha Co., Ltd.: Product Portfolio

List of Figures

Figure 1:    Factors Impacting the Fermented Food and Ingredient Market
Figure 2:    Global Fermented Food and Ingredient Market Snapshot
Figure 3:    Global Fermented Food Market (by Distribution Channel), 2018 and 2023
Figure 4:    Global Fermented Food Market (by Food Type), $Billion, 2018 and 2023
Figure 5:    Global Fermented Ingredient Market (by Ingredient Type), 2018-2023
Figure 6:    Global Fermented Food Market (by Region), 2018-2023
Figure 7:    Global Fermented Food Market (by Country), 2018
Figure 1.1:    Market Dynamics
Figure 1.2:    Impact Analysis of Drivers
Figure 1.3:    Average Life Expectancy 1990-2015
Figure 1.4:    Impact Analysis of Restraints
Figure 2.1:    Strategies Adopted by the Key Players (2015-2018)
Figure 2.2:    Share of Key Market Strategies and Developments (2015-2018)
Figure 2.3:    Product Launches and Developments Share (by Companies)
Figure 2.4:    Business Expansions and Contracts Share (by Companies)
Figure 2.5:    Mergers and Acquisitions Share (by Companies)
Figure 2.6:    Partnerships, Collaborations, and Joint Ventures Share (by Companies)
Figure 2.7:    Market Share Analysis of Fermented Food Manufacturers in Fermented Food Market
Figure 3.1:    Industry Attractiveness (Porter’s Five Forces Analysis) for the Fermented Food and Ingredient Market
Figure 3.2    Supply Chain Analysis Fermented Food and ingredient Market
Figure 3.3    Global Fermented Foods and Ingredient Market Opportunity Matrix, (by Region), 2018 and 2023
Figure 4.1:    Fermented Ingredient: By Ingredient Type
Figure 4.2:    Global Fermented Ingredient Market (by Ingredient Type), 2017-2023
Figure 4.3:    Factors Affecting the Growth of Amino Acids
Figure 4.4:    Amino Acids in Fermented Ingredient Market, 2017-2023
Figure 4.5:    Organic Acids in Fermented Ingredient Market, 2017-2023
Figure 4.6:    Different Type of Fermented Vitamins
Figure 4.7:    Vitamins in Fermented Ingredient Market, 2017-2023
Figure 4.8:    Different Type of Industrial Enzymes
Figure 4.9:    Industrial Enzymes in Fermented Ingredient Market, 2017-2023
Figure 4.10:    Others in Fermented Ingredient Market, 2017-2023
Figure 5.1:    Fermented Food: By Food Type
Figure 5.2:    Global Fermented Food Market, (by Food Type), 2018 and 2023
Figure 5.3:    Global Fermented Dairy Production, 2010-2015-2025
Figure 5.4:    Fermented Dairy Products Market Size in Fermented Food Market, 2017-2023
Figure 5.5:    Health Benefits of Fermented Beverages
Figure 5.6:    Fermented Beverages Market in Fermented Food Market, 2017-2023
Figure 5.7:    Fermented Confectionery and Bakery Products in Fermented Food Market, 2017-2023
Figure 5.8:    Fermented Vegetable Products in Fermented Food Market, 2017-2023
Figure 5.9:    Others Food Type in Fermented Food Market, 2017-2023
Figure 6.1:    Fermented Food: By Distribution Channel
Figure 6.2:    Global Fermented Food Market (by Distribution Channel), 2018 and 2023
Figure 6.3:    Factors Affecting the Growth of Fermented Food through Supermarkets/Hypermarkets
Figure 6.4:    Fermented Food Revenue Generated through Supermarkets/Hypermarkets, 2017-2023
Figure 6.5:    Fermented Food Revenue Generated through Online Stores, 2017-2023
Figure 6.6:    Factors Affecting the Growth of Fermented Foods through Online Stores
Figure 6.7:    Fermented Food Revenue Generated Through Other Distribution Channel, 2017-2023
Figure 7.1:    Global Fermented Food Regional Market Snapshot
Figure 7.2:    Global Fermented Food Market (by Region), 2018 and 2023
Figure 7.3:    Europe Fermented Food Market, 2017-2023
Figure 7.4:    Europe Food Market (by Food Type), 2018 and 2023
Figure 7.5:    The U.K. Fermented Food Market, 2017-2023
Figure 7.6:    The U.K. Fermented Food Market, (by Distribution Channel), 2018 and 2023
Figure 7.7:    Fermented Food Market in Germany, 2017-2023
Figure 7.8:    Germany Fermented Food Market (by Distribution Channel), 2018 and 2023
Figure 7.9:    Fermented Food Market in France, 2017-2023
Figure 7.10:    France Fermented Food Market (by Distribution Channel), 2018 and 2023
Figure 7.11:    Fermented Food Market in the Netherlands, 2017-2023
Figure 7.12:    The Netherlands Fermented Food Market (by Distribution Channel), 2018 and 2023
Figure 7.13:    Fermented Food Market in Italy, 2017-2023
Figure 7.14:    Italy Fermented Food Market (by Distribution Channel), 2018 and 2023
Figure 7.15:    Fermented Food Market in Spain, 2017-2023
Figure 7.16:    Spain Fermented Food Market (by Distribution Channel), 2018 and 2023
Figure 7.17:    Fermented Food Market in Rest-of-Europe, 2017-2023
Figure 7.18:    Rest-of-Europe Fermented Food Market (by Distribution Channel), 2018 and 2023
Figure 7.19:    North America Fermented Food Market, 2017-2023
Figure 7.20:    North America Fermented Food Market (by Food Type), 2018 and 2023
Figure 7.21:    Fermented Food Market in the U.S., 2017-2023
Figure 7.22:    The U.S. Fermented Food Market, 2018 and 2023
Figure 7.23:    Factors Driving Growth of Fermented Food Products in Canada
Figure 7.24:    Fermented Food Market in Canada, 2017-2023
Figure 7.25:    Canada in Fermented Food Market, 2018 and 2023
Figure 7.26:    Fermented Food Market in Mexico, 2017-2023
Figure 7.27:    Asia-Pacific Fermented Food Market, 2017-2023
Figure 7.28:    Asia-Pacific Food Market (by Food Type), 2018 and 2023
Figure 7.29:    China Fermented Food Market, 2017-2023
Figure 7.30:    China Fermented Food Market (by Distribution Channel), 2018 and 2023
Figure 7.31:    Reasons for Opting Healthy Food Products by Consumers in Japan
Figure 7.32:    Japan Fermented Food Market, 2017-2023
Figure 7.33:    Japan in Fermented Food Market (by Distribution Channel), 2018 and 2023
Figure 7.34:    India Fermented Food Market, 2017-2023
Figure 7.35:    India in Fermented Food Market (by Distribution Channel), 2018 and 2023
Figure 7.36:    ANZ Fermented Food Market, 2017-2023
Figure 7.37:    ANZ in Fermented Food Market (by Distribution Channel), 2018 and 2023
Figure 7.38:    Rest-of-Asia-Pacific Fermented Food Market, 2017-2023
Figure 7.39:    Rest-of-Asia-Pacific in Fermented Food Market (by Distribution Channel), 2018 and 2023
Figure 7.40:    Rest-of-the-World Fermented Food Market, 2017-2023
Figure 7.41:    RoW Fermented Food Market (by Food Type), 2018 and 2023
Figure 7.42:    South America Fermented Food Market, 2017-2023
Figure 7.43:    South America Fermented Food Market (by Distribution Channel), 2018 and 2023
Figure 7.44:    Saudi Arabia Fermented Food Market, 2017-2023
Figure 7.45:    Saudi Arabia Fermented Food Market (by Distribution Channel), 2018 and 2023
Figure 7.46:    Others Fermented Food Market, 2017-2023
Figure 7.47:    Others in Fermented Food Market (by Distribution Channel), 2018 and 2023
Figure 8.1:    Share of Key Companies Profiled
Figure 8.2:    Archer Daniels Midland: Overall Financials, 2015-2017
Figure 8.3:    Archer Daniels Midland: Net Revenue (by Business Segment), 2015-2017
Figure 8.4:    Archer Daniels Midland: Net Revenue (by Region), 2015-2017
Figure 8.5:    Archer Daniels Midland: SWOT Analysis
Figure 8.6:    Ajinomoto Co. Inc: Overall Financials, 2015-2017
Figure 8.7:    Ajinomoto Co. Inc: Net Revenue (by Region), 2017
Figure 8.8:    Ajinomoto Co. Inc: Net Revenue by Business Segment, 2017
Figure 8.9:    Ajinomoto Co. Inc.: SWOT Analysis
Figure 8.10:    Angel Yeast Co. Ltd.: SWOT Analysis
Figure 8.11:    Cargill Inc.: Overall Financials, 2016-2018
Figure 8.12:    Cargill Inc.: Net Revenue (by Region), 2016-2018
Figure 8.13:    Cargill Inc.: SWOT Analysis
Figure 8.14:    CHR Hansen: Overall Financials, 2015-2017
Figure 8.15:    CHR Hansen: Net Revenue (by Region), 2017
Figure 8.16:    CHR Hansen: Net Revenue by Business Segment, 2015-2017
Figure 8.17:    CHR Hansen: SWOT Analysis
Figure 8.18:    CSK Food Enrichment: SWOT Analysis
Figure 8.19:    Danone S.A.: Overall Financials, 2015-2017
Figure 8.20:    Danone S.A.: Net Revenue (by Region), 2015-2016
Figure 8.21:    Danone S.A.: Net Revenue (by Region), 2017
Figure 8.22:    Danone S.A.: Net Revenue by Business Segment, 2015-2016
Figure 8.23:    Danone S.A.: Net Revenue by Business Segment, 2017
Figure 8.24:    Danone S.A.: SWOT Analysis
Figure 8.25:    Dohler GmbH: SWOT Analysis
Figure 8.26:    Evonik Industries AG.: Overall Financials, 2016-2018
Figure 8.27:    Evonik Industries AG.: Net Revenue by Business Segment, 2016-2018
Figure8.28:    Evonik Industries AG: Net Revenue by Regional Segment, 2016-2018
Figure 8.29:    Evonik Industries AG.: SWOT Analysis
Figure 8.30:    General Mills Inc.: Overall Financials, 2016-2018
Figure 8.31:    General Mills Inc.: Net Revenue (by Business Segment), 2016-2018
Figure 8.32:    General Mills Inc.: Net Revenue (by Region), 2016-2018
Figure 9.33:    General Mills Inc.: SWOT Analysis
Figure 8.34:    Kerry Group: Product Portfolio
Figure 8.35:    Kerry Group: Overall Financials, 2015-2017
Figure 8.36:    Kerry Group: Net Revenue (by Region), 2017
Figure 8.37:    Kerry Group: Net Revenue by Business Segment, 2017
Figure 8.38:    Kerry Group: SWOT Analysis
Figure 8.39:    KeVita: SWOT Analysis
Figure 8.40:    Koninklijke DSM N.V.: Overall Financials, 2015-2017
Figure 8.41:    Koninklijke DSM N.V.: Net Revenue (by Region), 2015-2017
Figure 8.42:    Koninklijke DSM N.V.: Net Revenue by Business Segment, 2015-2017
Figure 8.43:    Koninklijke DSM N.V.: SWOT Analysis
Figure 8.44:    Lallemand Inc.: SWOT Analysis
Figure 8.45:    Mars Inc. : SWOT Analysis
Figure 8.46:    Meiji Holdings Co.,Ltd.: Overall Financials, 2016-2018
Figure 8.47:    Meiji Holdings Co.,Ltd.: Net Revenue (by Business Segment), 2015-2017
Figure 8.48:    Meiji Holdings Co.,Ltd.: SWOT Analysis
Figure 8.49:    Mondelez International: Overall Financials, 2016-2018
Figure 8.50:    Mondelez International: Net Revenue by Business Segment, 2016-2018
Figure 8.51:    Mondelez International: Net Revenue by Regional Segment, 2016-2018
Figure 8.52:    Mondelez International: SWOT Analysis
Figure 8.53:    Nestlé S.A: Overall Financials, 2016-2018
Figure 8.54:    Nestlé S.A: Net Revenue by Business Segment, 2016-2018
Figure 8.55:    Nestlé S.A: Net Revenue by Regional Segment, 2016-2018
Figure 8.56:    Nestle S.A.: SWOT Analysis
Figure 8.57:    Novozymes A/S: Overall Financials, 2015-2017
Figure 8.58:    Novozymes A/S: Net Revenue (by Business Segment), 2015-2017
Figure 8.59:    Novozymes A/S: Net Revenue (by Region), 2015-2017
Figure 8.60:    Novozymes A/S: SWOT Analysis
Figure 8.61:    Royal FrieslandCampina N.V.: Overall Financials, 2015-2017
Figure 8.62:    Royal FrieslandCampina N.V.: Net Revenue (by Business Segment), 2015-2017
Figure 8.63:    Royal FrieslandCampina N.V.: Net Revenue (by Region), 2015-2017
Figure 8.64:    Royal FrieslandCampina N.V.: SWOT Analysis
Figure 8.65:    Tetra Pak International S.A.: SWOT Analysis
Figure 8.66:    Yakult Honsha Co., Ltd.: Overall Financials, 2016-2018
Figure 8.67:    Yakult Honsha Co., Ltd.: Net Revenue by Business Segment, 2016-2018
Figure 8.68:    Yakult Honsha Co., Ltd.: Net Revenue by Regional Segment, 2016-2018
Figure 8.69:    Yakult Honsha Co.Ltd.: SWOT Analysis
Figure 9.1:    Fermented Food and Ingredient Market Scope
Figure 9.2:    Report Methodology
Figure 9.3:    Primary Interviews Breakdown, by Company, Designation and Region
Figure 9.4:    Sources of Secondary Research
Figure 9.5:    Data Triangulation
Figure 9.6:    Top Down-Bottom-Up Approach for Market Estimation

Health and wellness has been an important concern for majority of the population globally. This is evident from the constantly increasing average life expectancy over the past few years. For a person born in 1990, the average life expectancy was 65.38 years which increased to 71.68 years for a person born in 2015. The increase in life expectancy shows that people are becoming more conscious about their health and have begun working toward maintaining good health. Moreover, with the growing number of medical cases such as heart diseases, cancer, osteoporosis, diabetes, strokes, and rising healthcare costs, consumers on a global level are becoming increasingly aware of the relation between diet and health. Identifying the current demand of a healthy lifestyle, companies across the globe are relentlessly putting in efforts to modify the type of food intake, globally. Companies have come up with the fermented food segment in their existing product portfolios and fermented food ingredients, which are further used in the production of other food products.

Fermented foods and ingredient manufacturers are developing new products and expanding in the market since the past decade. The market was earlier dominated by fiber and probiotic ingredients, but it is now witnessing a shift towards the increasing use of fermented foods across the globe towing to their increasing demand, supported by consumer perceptions of fermentation process being a healthy method for food preservation.

With these advances in the consumer awareness, fermented foods have been known as an efficient functional improvement. The increase in the consumption of fermented foods depicts that the consumers have expanded their definition of wellness to include benefits such as gut health. It also suggests that consumers are working hard to collect the information about the food they consume. This drive towards the digestive wellness trend showcases the changing viewpoint of the consumers about the food they consume.

The fermented food and ingredient market includes a wide array of food type such as fermented dairy, fermented beverages, and fermented confectionary and bakery products. Fermented foods and ingredients are products which undergo desired microbial action which enhances their quality, nutritional value and life. Fermented food products have found widespread usage in the recent years, as they fit in as a perfect solution to the challenges of the changing lifestyle. Fermented foods can be dairy, confectionery and bakery, vegetables, and others (beverages). The fermented products of all these food types have shown better shelf life, while also having good nutritional value.

Major ingredient types of fermented ingredients include amino acid, organic acid, and industrial enzyme,  among others. Amino acid represents the most significant ingredient in the market for the fermented food and ingredients. During the forecast period, ingredient areas, such as industrial enzyme, and organic acid are expected to display the maximum growth, owing to the high possibilities of value addition in these ingredient areas. Fermented food ingredients help in enhancing the quality, texture and flavor of food products. These help in making food products healthier and better in taste. These ingredients are formed using the process of fermentation and are further used in different food products. These ingredients are used to add flavor and to enhance the properties of food products or can also be used in supplements.

Figure 1
Global Fermented Food and Ingredient Market Snapshot

Global Fermented Food and Ingredients Market

Attractive Market Opportunity

•    Global Fermented Food and Ingredient Market- $XX billion estimated in 2018, projected to reach $689.34 billion by 2023, growing at a CAGR of XX% from 2018 to 2023.
•    Market growth is largely attributed to the increasing consumer awareness about the gut health and the importance of maintaining healthy diet.

Source: Secondary Research, Expert Views, and BIS Research Analysis

The fermented food and ingredient market is projected to grow from $xx billion in the year 2018 to $689.34 billion by 2023, growing at a CAGR of xx% from 2018 to 2023. The demand for fermented food and ingredients is driven by increasing population, rising per capita income and increasing awareness about health among the consumers.

Consumer inclination towards the use of fermented food and ingredients are increasing across the globe due to their benefits to the human digestive system, further helping in increasing immunity and brain functions. The source of the gut-healing properties of fermented foods is probiotics, or good bacteria, which is found in products such as kombucha, sauerkraut, kimchi, kefir and pickles.

Food manufactures are taking advantage of the emerging opportunities and expanding their product line in the fermented food products. For instance, PepsiCo acquired probiotics beverage maker KeVita in 2016 and also launched its Tropicana Essentials Probiotics line. One of the major reasons for the companies investing in the market is its profitability aspect which is attracting the millennials who are more captivated by the idea of fermented food and beverages than any other product group.

The fermented food and ingredient market holds a prominent share in various countries of North America, Europe, Asia-Pacific (APAC), and Rest-of-the-World (RoW). Europe is at the forefront of the global fermented food and ingredient market, with high market penetration rate in the U.K., Germany, and others, which are expected to display robust market growth in the coming five years.

Europe, followed by the North America region, generated the highest revenue in the fermented food and ingredient market in 2018. The Europe market for fermented food and ingredient is significantly developed with major growth opportunities arising from countries in the region. The increasing adaptability of fermented food and beverages and the positive support from the government are also expected to augment the growth in the region. The fastest growth rate is expected from the Asia-Pacific and South America regions. Presence of key countries, such as China, India, in Asia-Pacific is estimated to boost the market for fermented food and ingredients.

Competitive Landscape

The fermented foods and ingredients market is associated with the major companies providing various food products and ingredients prepared using fermentation. This varied range of market participants provides opportunities to other players willing to bear the high risks involved in the industry. This segment details the latest strategies & developments adopted by the key market players in the fermented food market. In order to lead the market as well as engage in the process of market growth, a company needs to work in collaboration with the top market leaders, acquire the relatively weaker companies, bring new products and services to the market, and improve the existing products.

The results of the emerging strategies and developments are already providing a push to the market in the form of new product launches and developments. Moreover, the growing market of such food products is further expected to increase the involvement of companies across different segments of the value chain. The key players actively taking part in the fermented food market are: Danone, Cargill Inc., Royal DSM, E. I. du Pont de Nemours and Company, Flower Group, and Archer Daniels Midland Company, among others.

The competitive landscape for the fermented food and ingredient market demonstrates an inclination toward the companies adopting strategies such as partnerships and collaborations along with new product launches for introducing new technologies and enhancing their existing product portfolio. The majority of the companies are actively launching new products to enhance their presence, while the relatively less adoptive strategies comprise mergers and expansions.

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