Global Fermented Food & Ingredients Market - Analysis and Forecast (2017-2023)

(Focus on Food Type - Confectionary & Bakery, Dairy, Vegetables, Non-Alcoholic Beverages, Ingredient Type- Amino Acid,Organic Acid, Vitamins, Enzymes, and Distribution Channels)

Published Year: 2017
SKU: AGF0474SA
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Report Description

The fermented foods and ingredients market is expected to grow from $636.89 billion in the year 2016 to $888.76 by 2023, at a CAGR

Global Fermented Food and Ingredients Market: Analysis and Forecast (2018-2023)

======================================================================================

Owing to the to the global increase in population of obese and overweight people and the rise in number of digestive diseases, the fermented foods and ingredients market is expected to grow at a CAGR of 4.98% through 2017 to 2023. The report is a compilation of the different segments of global fermented foods and ingredients market, including market breakdown by the food type, ingredient type, distribution channels and geographical areas. Herein the revenue generated from the food type, namely:  bakery, dairy, vegetables and others (non-alcoholic beverages);  ingredient type, namely: amino acids, organic acids, industrial enzymes, vitamins, and others (lactic acid, fish sauce, and hot chili sauce, among others); distribution channels, namely: supermarkets/hypermarkets, online stores, and others (health stores and unorganized retailers)  and geography, namely: North America, Europe, APAC and rest of the world is tracked to calculate the overall market size. While highlighting the key driving and restraining forces for this market, the report also provides a detailed  summary of the fermented foods and ingredients market. It also includes the key participants involved in the industry at the relevant sections. 

The report puts special emphasis on the market share of the services provided in fermented foods and ingredients market, owing to the changing paradigms in the industry. In spite of this, due to the numerous instances of failed business models and financial pressure, a majority of potential new entrants resist from adopting fermented foods and ingredients services. The reports further includes a thorough analysis of the impact of the five major forces to understand the overall attractiveness of the industry. This  segment also focuses on the investments done in the fermented  foods and ingredients market by the market participants.

The most often used strategy for developing a better hold on to the market has been through product launch and development, followed by business expansion. Moreover, the company profile section  highlights  significant information about the key companies involved along with their financial positions, key strategies & developmental activities of recent years. 

Further, the report includes an exhaustive analysis of the geographical split into North America, Europe, Asia-Pacific (APAC), and Rest of the World (R.o.W.). Each geography details the individual push and pull forces in addition to the key players from that region. The prominent players operating in the global fermented foods and ingredients market are Nestle S.A., Danone, Mondelez International, Novozymes, DuPont, Royal DSM and Flower Foods, among others.
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Key Questions Answered in this Report

What are the different factors driving the market and how will the impact change through the forecast period?

The report answers the following questions about the global fermented foods and ingredients market:

•    What are the different factors driving the market and how will the impact change through the forecast period?
•    What are the major factors challenging the growth of global fermented foods and ingredients market and how can they be addressed through the forecast period?
•    How will the market players leverage on key developments such as acquisitions, partnerships, and product launch among others?
•    Which region will lead the global fermetned foods and ingredients market by the end of the forecast period?
•    What are the prevalent fermented food types and what is the market size for each of them?
•    What are the prevalent fermented food ingredient types and what is the market size for each of them?
•    What are the prevalent distribution channels and what is the market size for each of them?
•    How will the competitive rivalry evolve through the forecast period?
Read More

Market Overview

The fermented foods and ingredients market is expected to grow from $636.89 billion in the year 2016 to $888.76 by 2023, at a CAGR

Health and wellness have become a matter of priority and concern for the current global population.  Moreover, with the growing number of medical cases of digestive diseases, and the increasing problems of overweight and obesity, the consumers are becoming increasingly aware about their diet. Identifying this current growing demand of having a healthy lifestyle, companies across the globe are relentlessly putting in efforts to further develop the otherwise stagnating food and fast moving consumer goods (FMCG) industry. The companies have started using methods like fermentation in their food manufacturing processes. Apart from the health benefits, the longer shelf life of these fermented products has also helped the market for these products grow.

There exists a certain degree of ambiguity related to the meaning and definition of fermented foods and ingredients across the globe. These are the food products and food ingredients which have been developed through the process of fermentation. The fermented foods and ingredients market is a combination of different types of fermented foods such as dairy, bakery, vegetables, and others (non-alcoholic beverages), and fermented food ingredients such as amino acids, organic acids, industrial enzymes, vitamins and others (lactic acid, fish sauce, and hot chili sauce, among others). The health benefits of food influences a consumer’s purchasing decision the most, other factors influencing the market include income and the availability of raw materials.

The market is expected to progress at a substantial rate due to the ever growing health related concerns among the global population. The growth for this market is being driven by factors such as increasing health consciousness among the population, rising need of food preservation and the change in dietary patterns. However, the market consists of certain challenges which are inhibiting the overall growth for the global fermented foods and ingredients market such as health risks associated with fermented foods, restricted range of pH and temperature of operation and low penetration in developing countries.

The fermented foods and ingredients market is expected to grow from from $636.89 billion in the year 2016 to $888.76 by 2023, at a CAGR of 4.98% from 2017 to 2023. This growth is attributed to the increasing awareness among consumers about health and balanced diet and also the changing dietary patterns according to modern lifestyle. Moreover, the rising need for food preservation further helps in driving the market.

The concept of fermented foods and ingredients market revolves around the major food types prevailing in the market such as: bakery products, dairy products, vegetables, and others (including non-alcoholic beverages), and ingredient types such as: amino acids, organic acids, industrial enzymes, vitamins, and others (including lactic acid, fish sauce, and hot chili sauce, among others).

The trends of the fermented foods and ingredients market varies with different geographical regions. The fermented foods and ingredients market holds a prominent share in various countries of Asia-Pacific (APAC), North America, Europe and Rest of the World (RoW). The competitive landscape for the fermented foods and ingredients market demonstrates an inclination towards companies adopting strategies such as product launch and development, and business expansions. The major established players in the market, are focusing more product launch and development to introduce new forms of innovations and different set of food products. Nestle S.A., Cargill Inc., Danone, Mondelez International, Du Pont, and Royal DSM were the most prominent names that surfaced in 2016 in this regard. These companies launched various new products and expanded their production and R&D capabilities in different regions.

The need for more R&D and appropriate regulatory environments is a prerequisite for sustained growth of this market. Various government and private research institutes, and regulatory bodies and associations are putting in substantial efforts to identifying how fermented foods can be beneficial for the human health. Further growth of this market depends on the food industry’s ability to develop new and effective products along with meeting the consumer demands.
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Table of Contents

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Research Methodology & Scope

1.1 The Fermented Food & Ingredients Market Research Methodology
1.1.1 Assumptions and Limitations
1.1.2 Primary Data Sources
1.1.3 Secondary Data Sources
1.1.4 Data Triangulation
1.1.5 Data Analysing & Market Estimation

Industry Analysis

2.1 Opportunity Matrix Analysis
2.2 Country Share Analysis
2.3 R & D Analysis of Key Market Players

Market Dynamics

3.1 Market Drivers
3.1.1 Increasing Health Consciousness
3.1.2 Rising need for Food Preservation
3.1.3 Change in Dietary Patterns
3.2 Market Restraints
3.2.1 Health Risks Associated with Fermented Foods
3.2.2 Restricted Range of Temperature and pH for Operation
3.2.3 Low Penetration in Developing Countries
3.3 Market Opportunities
3.3.1 Development of New Region Specific Products
3.3.2 Scope of Mergers and Acquisitions

Competitive Landscape

4.1 Key Market Developments & Strategies
4.1.1 Mergers & Acquisitions
4.1.2 Partnerships, Collaborations & Joint Ventures
4.1.3 Product Launches
4.1.4 Business Expansion
4.1.5 Others (Awards & Recognitions)
4.2 Industry Attractiveness
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Buyers
4.2.3 Bargaining Power of Suppliers
4.2.4 Threat from Substitutes
4.2.5 Intensity of Competitive Rivalry

Fermented Food and Ingredient Market by Food Type

5.1 Assumptions and Limitations for Analysis and Forecast of the Global Fermented Foods and Ingredients Market
5.2 Market Overview
5.3 Fermented Confectionary & Bakery Products
5.3.1 Fermented Confectionary & Bakery Products by Geography
5.4 Fermented Dairy Products
5.4.1 Fermented Dairy Products Market by Geography
5.5 Fermented Vegetable Products
5.5.1 Fermented Vegetables Market by Geography
5.6 Others (Non-Alcoholic Fermented Beverages)
5.6.1 Non-Alcoholic Fermented Beverages Market by Geography

Fermented Food and Ingredients Market by Ingredient Type

6.1 Fermented Food Ingredients Market by Ingredient Type
6.1.1 Amino Acids
6.1.2 Organic Acids
6.1.3 Vitamins
6.1.4 Industrial Enzymes
6.1.5 Others
6.2 Fermented Food Ingredients Market by Geography

Fermented Food and Ingredients Market by Distribution Channel

7.1 Supermarkets/ Hypermarkets
7.2 Online Stores
7.3 Others (Health Stores & Unorganized Retailers)

Fermented Foods and Ingredients Market by Geography

8.1 North America
8.1.1 The U.S.
8.1.2 Canada
8.1.3 Mexico
8.2 Europe
8.2.1 The U.K.
8.2.2 Germany
8.2.3 France
8.2.4 Italy
8.2.5 Spain
8.2.6 Netherlands
8.2.7 Rest of Europe
8.3 Asia-Pacific
8.3.1 Japan
8.3.2 China
8.3.3 India
8.3.4 Australia and New Zealand
8.3.5 Rest of APAC
8.4 Rest of the World (RoW)
8.4.1 Middle East and Africa
8.4.2 South America

Company Profiles

9.1 Angel Yeast Co. Limited
9.1.1 Overview
9.1.2 SWOT Analysis
9.2 Archer Daniels Midland Company
9.2.1 Overview
9.2.2 Financials
9.2.2.1 Financial Summary
9.2.3 SWOT Analysis
9.3 Cargill, Incorporated
9.3.1 Overview
9.3.2 Financials
9.3.2.1 Financial Summary
9.3.3 SWOT Analysis
9.4 CSK Food Enrichment
9.4.1 Overview
9.4.2 SWOT Analysis
9.5 Danone
9.5.1 Overview
9.5.2 Financials
9.5.2.1 Financial Summary
9.5.3 SWOT Analysis
9.7 E. I. DU PONT DE NEMOURS and Company
9.7.1 Overview
9.7.2 Financials
9.7.2.1 Financial Summary
9.7.3 SWOT Analysis
9.8 Evonik Group
9.8.1 Company Overview
9.8.2 Financials
9.8.2.1 Financial Summary
9.8.3 SWOT Analysis
9.9 Flowers Foods, Inc.
9.9.1 Company Overview
9.9.2 Financials
9.9.2.1 Financial Summary
9.9.3 SWOT Analysis
9.10 General Mills, Inc.
9.10.1 Overview
9.10.2 Financials
9.10.2.1 Financial Summary
9.10.3 SWOT Analysis
9.11 KeVita
9.11.1 Overview
9.11.2 SWOT Analysis
9.12 Koninklijke DSM N.V.
9.12.1 Company Overview
9.12.2 Financials
9.12.2.1 Financial Summary
9.12.3 SWOT Analysis
9.13 Mondel?z International
9.13.1 Company Overview
9.13.2 Financials
9.13.2.1 Financial Summary
9.13.3 SWOT Analysis
9.14 Müller UK & Ireland
9.14.1 Overview
9.14.2 SWOT Analysis
9.15 Nestlé S.A
9.15.1 Company Overview
9.15.2 Financials
9.15.2.1 Financial Summary
9.15.3 SWOT Analysis
9.16 Novozymes
9.16.1 Company Overview
9.16.2 Financials
9.16.2.1 Financial Summary
9.16.3 SWOT Analysis
9.17 Royal FrieslandCampina N.V.
9.17.1 Overview
9.17.2 Financials
9.17.2.1 Financial Summary
9.17.3 SWOT Analysis
9.18 Tetra Pak International S.A.
9.18.1 Overview
9.18.2 SWOT Analysis
9.19 The Dow Chemical Company
9.19.1 Company Overview
9.19.2 Financials
9.19.2.1 Financial Summary
9.19.3 SWOT Analysis

List of Tables

Table 3.1 Present & Estimated Change in the Population in the Ten Most Populous Countries
Table 3.2 Percentage of Obese and Overweight Adults in Different Countries
Table 3.3 pH Range for Fermented Foods and Ingredients
Table 3.4 List of Local Fermented Dishes in Developing Countries
Table 3.5 Key Mergers & Acquisitions from 2015 to 2017
Table 4.1 Key Mergers & Acquisitions (2014-17)
Table 4.2 Key Partnerships & Collaborations (2014-17)
Table 4.3 Key Launch Activities (2014-17)
Table 4.4 Key Business Expansion Activities (2014-17)
Table 4.5 Analyzing the Threat of New Entrants
Table 4.6 Analyzing the Bargaining Power of Buyers
Table 4.7 Analyzing the Bargaining Power of Suppliers
Table 4.8 Analyzing the Threat from Substitutes
Table 4.9 Analyzing the Intensity of Competitive Rivalry
Table 5.1 Global Fermented Foods Market by Food Type, 2016-2023
Table 5.2 Key Developments Pertaining to the Fermented Confectionery and Bakery Products Market
Table 5.3 Fermented Confectionary & Bakery Products Market by Geography, 2016-2023
Table 5.4 Fermented Dairy Products Market by Geography, 2016-2023 ($Billion)
Table 5.5 Products of Major Dairy Companies in Fermented Dairy Products Market
Table 5.6 Fermented Vegetables Market by Geography, 2016-2023
Table 5.7 Key Developments in Fermented Beverages Market
Table 5.8 Fermented Vegetables Market by Geography, 2016-2023
Table 6.1 Global Fermented Foods Market by Ingredient Type, 2016-2023
Table 6.2 Recent Developments Pertaining to Amino Acids
Table 6.3 Key Developments of Leading Players in Fermented Organic Acids Market
Table 6.4 Recent Developments Pertaining to Industrial Enzymes
Table 6.5 Global Fermented Foods Market by Geography, 2017-2023
Table 7.1 Global Fermented Foods Market by Distribution Channel, 2017-2023
Table 7.2 Sales of Food and Beverages from Distribution Channels in Canada
Table 7.3 Food Sales from Online Markets in U.K. (March 2015-2016)
Table 8.1 Global Fermented Food & Ingredients Market by Geography, 2016-2023
Table 8.2 North American Fermented Food & Ingredients Market by Country, 2016-2023
Table 8.3 Europe Fermented Food & Ingredients Market by Country, 2016-2023
Table 8.4 Asia-Pacific Fermented Food & Ingredient Market by Country, 2016-2023
Table 8.5 RoW Fermented Food & Ingredients Market by Country, 2016-2023

List of Figures

Figure 1 Global Fermented Food and Ingredients Market Snapshot ($ Billion)
Figure 2 Global Fermented Food and Ingredients Market Share by Food Type, 2016 & 2023
Figure 3 Global Fermented Food and Ingredients Market Share by Ingredient Type, 2016 & 2023
Figure 4 Global Fermented Food and Ingredients Market Share by Distribution Channel, 2016 & 2023
Figure 5 Fermented Food and Ingredients Market Share by Geography
Figure 1.1 Fermented Food & Ingredient Market Scope
Figure 1.2 Report Design
Figure 1.3 Primary Interviews Breakdown, by Player, Designation, and Region
Figure 1.4 Sources of Secondary Research
Figure 1.5 Data Triangulation
Figure 1.6 Top Down-Bottom Up Approach for Market Estimation
Figure 2.1 Global Fermented Food and Ingredients Market Opportunity Matrix, by Region, 2016
Figure 2.2 Global Fermented Food and Ingredients Market Opportunity Matrix, by Country, 2016
Figure 2.3 Global Fermented Food and Ingredients Market Opportunity Matrix, by Region, 2016-2023
Figure 2.4 Country Share Analysis of Global Fermented Food and Ingredients Market, 2016
Figure 2.5 R&D Analysis of Key Players in Global Fermented Foods and Ingredients Market
Figure 3.1 Market Dynamics
Figure 3.2 Impact Analysis of Drivers
Figure 3.3 Average Life Expectancy Worldwide over the Years
Figure 3.4 Health Benefits of Fermented Foods
Figure 3.5 Impact Analysis of Restraints
Figure 4.1 Strategies Adopted by the Key Players
Figure 4.2 Share of Key Market Strategies & Developments
Figure 4.3 Porter’s Five Forces Analysis
Figure 5.1 Fermented Foods and Ingredients by Food Type
Figure 5.2 Fermented Foods and Ingredients Market by Food Type (2016, 2017 & 2023)
Figure 5.3 Per Capita Consumption of Yogurt in Canada
Figure 5.4 Fermentation in Bakery Products
Figure 5.5 Revenue Generated by Fermented Confectionary & Bakery Products in Fermented Foods and Ingredients Market (2016-2023)
Figure 5.6 Drivers, and Restraints of Fermented Bakery and Confectionery Products
Figure 5.7 Fermented Confectionary & Bakery Products Market by Geography (2016, 2017 & 2023)
Figure 5.8 Fermented Dairy Products Market Size in Fermented Food Market (2016-2023)
Figure 5.9 Advantages and Disadvantages of Consuming Fermented Dairy Products
Figure 5.10 Fermented Dairy Products Market by Geography (2016, 2017 & 2023)
Figure 5.11 Types of Fermented Vegetable Products
Figure 5.12 Fermented Vegetables Market Size in Fermented Food Market (2016-2023)
Figure 5.13 Advantages and Disadvantages of Fermented Vegetables
Figure 5.14 Fermented Vegetables Market by Geography (2016, 2017 & 2023)
Figure 5.15 Health Benefits of Kombucha
Figure 5.16 Health Benefits of Kvass
Figure 5.17 Fermented Non-Alcoholic Beverages Market Size in Fermented Food Market (2016-2023)
Figure 5.18 Fermented Vegetables Market by Geography (2016, 2017 &2023)
Figure 6.1 Types of Fermented Ingredients
Figure 6.2 Fermented Foods and Ingredients Market by Ingredient Type, 2016, 2017 & 2023
Figure 6.3 Amino Acids Market Size in Fermented Food Ingredient Market (2016-2023)
Figure 6.4 Drivers and Restraints of Fermented Ingredients Market
Figure 6.5 Types of Fermented Organic Acids
Figure 6.6 Organic Acids Market Size in Fermented Food Ingredient Market (2016-2023)
Figure 6.7 Types of Fermented vitamins
Figure 6.8 Vitamins Market Size in Fermented Food Ingredient Market (2016-2023)
Figure 6.9 Types of Fermented industrial enzymes
Figure 6.10 Industrial Enzymes Market Size in Fermented Food Ingredients Market (2016-2023)
Figure 6.11 Other Ingredients Market Size in Fermented Food Ingredients Market (2016-2023)
Figure 6.12 Fermented Foods and Ingredients Market by Geography, 2016, 2017 & 2023
Figure 7.1 Fermented Foods Market by Distribution Channel
Figure 7.2 Fermented Foods Market by Distribution Channel (2016, 2017 & 2023)
Figure 7.3 Fermented Food Revenue generated through Supermarkets and Hypermarkets (2016-2023)
Figure 7.4 Factors Supporting and Opposing the Growth of Retail Stores
Figure 7.5 Sales of Dairy, Baked and In-Store Bakery Products from Supermarkets (2006 and 2011)
Figure 7.6 Fermented Food Revenue Generated through Online Stores (2016-2023)
Figure 7.7 Factors Supporting and Opposing the Growth of Online Stores
Figure 7.8 Fermented Food Revenue Generated through Other Channels (2016-2023)
Figure 8.1 Fermented Food and Ingredients Market- Geographic Snapshot
Figure 8.2 Global Fermented Food and Ingredient Market Size by Geography, 2016, 2017 & 2023
Figure 8.3 North America Fermented Food & Ingredient Market ($ Billion) by Country, 2016-2023
Figure 8.4 Hospitalizations Due to Digestion Related Diseases in U.S. in 2010 (Thousands)
Figure 8.5 Yogurt Consumption in the U.S. on Yearly Basis in Pounds Per Person
Figure 8.6 The U.S. Fermented Food & Ingredients Market Size (2016-2023)
Figure 8.7 Value Generated from Sales of Bread in Canada
Figure 8.8 Canadian Fermented Food & Ingredients Market Size (2016-2023)
Figure 8.9 Factors Favouring the Growth of Market in Canada
Figure 8.10 Prevalence of Overweight and Obesity in Mexico
Figure 8.11 Mexico Fermented Food & Ingredients Market Size (2016-2023)
Figure 8.12 European Fermented Food & Ingredients Market ($Billion) by Country, 2016-2023
Figure 8.13 Fermented Food & Ingredient Market Size in U.K. (2016-2023)
Figure 8.14 Germany Fermented Food & Ingredients Market Size (2016-2023)
Figure 8.15 Revenue Generation from Sale of Bread in Germany
Figure 8.16 France Fermented Food & Ingredients Market Size (2016-2023)
Figure 8.17 Italy Fermented Food & Ingredient Market Size (2016-2023)
Figure 8.18 Spain Fermented Food & Ingredients Market Size (2016-2023)
Figure 8.19 Netherlands Fermented Food & Ingredients Market Size (2016-2023)
Figure 8.20 Rest of Europe Fermented Food & Ingredients Market Size (2016-2023)
Figure 8.21 Asia-Pacific Fermented Food & Ingredients Market ($ Billion) by Country, 2016-2023
Figure 8.22 Retail Volume in Percentage of Baked Goods Categories in Japan
Figure 8.23 Japan Fermented Food & Ingredients Market Size (2016-2023)
Figure 8.24 China Fermented Food & Ingredients Market Size (2016-2023)
Figure 8.25 India Fermented Food & Ingredients Market Size (2016-2023)
Figure 8.26 Australia-New Zealand Fermented Food & Ingredients Market Size (2016-2023)
Figure 8.27 Rest of APAC Fermented Food & Ingredients Market Size (2016-2023)
Figure 8.28 RoW Fermented Food & Ingredients Market ($Billion) by Country, 2016-2023
Figure 8.29 Middle East & Africa Fermented Food & Ingredients Market Size (2016-2023)
Figure 8.30 South American Fermented Food & Ingredients Market Size (2016-2023)
Figure 8.31 Milk Production in South America in 2013
Figure 8.32  Export of Cheese and Curd from South America
Figure 9.2 Archer Daniels Midland: Overall Financials, 2014-2016
Figure 9.3 Archer Daniels Midland Company: Net Revenue by Business Segment, 2014-2016
Figure 9.4 Archer Daniels Midland Company: Net Revenue by Geography, 2014-2016
Figure 9.6 Cargill, Incorporated: Overall Financials, 2014-2016
Figure 9.9 Danone: Overall Financials, 2014-2016
Figure 9.10 Danone: Net Revenue by Business Segment, 2014-2016
Figure 9.11 Danone: Net Revenue by Geography, 2014-2016
Figure 9.13 DuPont: Overall Financials 2014-2016
Figure 9.14 DuPont: Net Revenue by Business Segments 2014-2016
Figure 9.15 DuPont: Net Revenue by Geography, 2014-2016
Figure 9.17 Evonik: Overall Financials, 2014-2016
Figure 9.18 Evonik: Net Revenue by Geography, 2014-2016
Figure 9.19 Evonik: Net Revenue by Business Segment, 2014-2016
Figure 9.21 Flower Foods, Inc.: Overall Financials, 2014-16
Figure 9.22 Flower Foods Inc.: Net Revenue by Business Segments, 2013-15
Figure 9.23 Flower Foods, Inc.: Net Revenue by Geography, 2014-16
Figure 9.25 General Mills, Inc.: Overall Financials, 2014-2016
Figure 9.26 General Mills, Inc.: Net Revenue by Business Segment, 2014-2016
Figure 9.27 General Mills, Inc.: Net Revenue by Geography, 2014-2016
Figure 9.30 Royal DSM: Overall Financials, 2014-2016
Figure 9.31 Royal DSM: Net Revenue by Geography, 2014-2016
Figure 9.32 Royal DSM: Net Revenue by Business Segment, 2013-2015
Figure 9.34 Mondel?z: Overall Financials, 2014-2016
Figure 9.35 Mondel?z: Net Revenue by Geography, 2014-2016
Figure 9.36 Mondel?z: Net Revenue by Business Segment, 2013-2015
Figure 9.39 Nestle Group: Overall Financials, 2013-15
Figure 9.40 Nestle: Net Revenue by Geography Mix, 2013-15
Figure 9.41 Nestle: Net Revenue by Business Segment, 2013-15
Figure 9.43 Novozymes: Overall Financials, 2014-2016
Figure 9.44 Novozymes: Net Revenue by Geography, 2014-2016
Figure 9.45 Novozymes: Net Revenue by Business Segment, 2013-2015
Figure 9.47 Royal FrieslandCampina N.V.: Overall Financials, 2014-2016
Figure 9.48 Royal FrieslandCampina N.V.: Net Revenue by Business Segment, 2014-2016
Figure 9.49 Royal FrieslandCampina N.V.: Net Revenue by Geography, 2014-2016
Figure 9.52 The Dow Chemical Company: Overall Financials, 2014-16
Figure 9.53 The Dow Chemical Company: Net Revenue by Geography, 2014-16
Figure 9.54 The Dow Chemical Company: Net Revenue by Business Segment, 2014-16
 
 

Report Description

Global Fermented Food and Ingredients Market: Analysis and Forecast (2018-2023)

======================================================================================

Owing to the to the global increase in population of obese and overweight people and the rise in number of digestive diseases, the fermented foods and ingredients market is expected to grow at a CAGR of 4.98% through 2017 to 2023. The report is a compilation of the different segments of global fermented foods and ingredients market, including market breakdown by the food type, ingredient type, distribution channels and geographical areas. Herein the revenue generated from the food type, namely:  bakery, dairy, vegetables and others (non-alcoholic beverages);  ingredient type, namely: amino acids, organic acids, industrial enzymes, vitamins, and others (lactic acid, fish sauce, and hot chili sauce, among others); distribution channels, namely: supermarkets/hypermarkets, online stores, and others (health stores and unorganized retailers)  and geography, namely: North America, Europe, APAC and rest of the world is tracked to calculate the overall market size. While highlighting the key driving and restraining forces for this market, the report also provides a detailed  summary of the fermented foods and ingredients market. It also includes the key participants involved in the industry at the relevant sections. 

The report puts special emphasis on the market share of the services provided in fermented foods and ingredients market, owing to the changing paradigms in the industry. In spite of this, due to the numerous instances of failed business models and financial pressure, a majority of potential new entrants resist from adopting fermented foods and ingredients services. The reports further includes a thorough analysis of the impact of the five major forces to understand the overall attractiveness of the industry. This  segment also focuses on the investments done in the fermented  foods and ingredients market by the market participants.

The most often used strategy for developing a better hold on to the market has been through product launch and development, followed by business expansion. Moreover, the company profile section  highlights  significant information about the key companies involved along with their financial positions, key strategies & developmental activities of recent years. 

Further, the report includes an exhaustive analysis of the geographical split into North America, Europe, Asia-Pacific (APAC), and Rest of the World (R.o.W.). Each geography details the individual push and pull forces in addition to the key players from that region. The prominent players operating in the global fermented foods and ingredients market are Nestle S.A., Danone, Mondelez International, Novozymes, DuPont, Royal DSM and Flower Foods, among others.

Key Questions Answered in this Report

The report answers the following questions about the global fermented foods and ingredients market:

•    What are the different factors driving the market and how will the impact change through the forecast period?
•    What are the major factors challenging the growth of global fermented foods and ingredients market and how can they be addressed through the forecast period?
•    How will the market players leverage on key developments such as acquisitions, partnerships, and product launch among others?
•    Which region will lead the global fermetned foods and ingredients market by the end of the forecast period?
•    What are the prevalent fermented food types and what is the market size for each of them?
•    What are the prevalent fermented food ingredient types and what is the market size for each of them?
•    What are the prevalent distribution channels and what is the market size for each of them?
•    How will the competitive rivalry evolve through the forecast period?

Market Overview

Health and wellness have become a matter of priority and concern for the current global population.  Moreover, with the growing number of medical cases of digestive diseases, and the increasing problems of overweight and obesity, the consumers are becoming increasingly aware about their diet. Identifying this current growing demand of having a healthy lifestyle, companies across the globe are relentlessly putting in efforts to further develop the otherwise stagnating food and fast moving consumer goods (FMCG) industry. The companies have started using methods like fermentation in their food manufacturing processes. Apart from the health benefits, the longer shelf life of these fermented products has also helped the market for these products grow.

There exists a certain degree of ambiguity related to the meaning and definition of fermented foods and ingredients across the globe. These are the food products and food ingredients which have been developed through the process of fermentation. The fermented foods and ingredients market is a combination of different types of fermented foods such as dairy, bakery, vegetables, and others (non-alcoholic beverages), and fermented food ingredients such as amino acids, organic acids, industrial enzymes, vitamins and others (lactic acid, fish sauce, and hot chili sauce, among others). The health benefits of food influences a consumer’s purchasing decision the most, other factors influencing the market include income and the availability of raw materials.

The market is expected to progress at a substantial rate due to the ever growing health related concerns among the global population. The growth for this market is being driven by factors such as increasing health consciousness among the population, rising need of food preservation and the change in dietary patterns. However, the market consists of certain challenges which are inhibiting the overall growth for the global fermented foods and ingredients market such as health risks associated with fermented foods, restricted range of pH and temperature of operation and low penetration in developing countries.

The fermented foods and ingredients market is expected to grow from from $636.89 billion in the year 2016 to $888.76 by 2023, at a CAGR of 4.98% from 2017 to 2023. This growth is attributed to the increasing awareness among consumers about health and balanced diet and also the changing dietary patterns according to modern lifestyle. Moreover, the rising need for food preservation further helps in driving the market.

The concept of fermented foods and ingredients market revolves around the major food types prevailing in the market such as: bakery products, dairy products, vegetables, and others (including non-alcoholic beverages), and ingredient types such as: amino acids, organic acids, industrial enzymes, vitamins, and others (including lactic acid, fish sauce, and hot chili sauce, among others).

The trends of the fermented foods and ingredients market varies with different geographical regions. The fermented foods and ingredients market holds a prominent share in various countries of Asia-Pacific (APAC), North America, Europe and Rest of the World (RoW). The competitive landscape for the fermented foods and ingredients market demonstrates an inclination towards companies adopting strategies such as product launch and development, and business expansions. The major established players in the market, are focusing more product launch and development to introduce new forms of innovations and different set of food products. Nestle S.A., Cargill Inc., Danone, Mondelez International, Du Pont, and Royal DSM were the most prominent names that surfaced in 2016 in this regard. These companies launched various new products and expanded their production and R&D capabilities in different regions.

The need for more R&D and appropriate regulatory environments is a prerequisite for sustained growth of this market. Various government and private research institutes, and regulatory bodies and associations are putting in substantial efforts to identifying how fermented foods can be beneficial for the human health. Further growth of this market depends on the food industry’s ability to develop new and effective products along with meeting the consumer demands.

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(Focus on Food Type - Confectionary & Bakery, Dairy, Vegetables, Non-Alcoholic Beverages, Ingredient Type- Amino Acid,Organic Acid, Vitamins, Enzymes, and Distribution Channels)

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