April 23, 2021
According to the recent research report titled ‘GLOBAL Fermented Food And Ingredients Market 2019-2027’, available with Market Study Report, global fermented food and ingredients market size is expected to expand with a CAGR of 4.26% over 2019-2027.
Industry experts cite that varying dietary habits of people, mounting demand for food preservation, and rising cognizance regarding healthy lifestyle are fostering global fermented food and ingredients market growth. In addition, the possibility of mergers and acquisitions among companies is projected to add considerable traction to the market development.
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Considering the restraints, adverse effects of fermented food on health, and operational hindrances pose as major challenges to the business expansion. Moreover, inclination towards fresh products is also hampering worldwide fermented food and ingredients industry expansion.
Speaking of geographical terrain, leading contributors to global fermented food and ingredients market remuneration are North America (Canada, United States), Europe (Russia, Italy, Spain, France, Germany, United Kingdom), Asia Pacific (South Korea, India, Japan, China), Latin America (Mexico, Brazil), and Middle East & Africa (South Africa, Saudi Arabia, Turkey, United Arab Emirates.)
Asia Pacific holds significant portion of global fermented food and ingredients market share presently and is projected to expand over the coming years, attributable to growing use of fermented food items in various local delicacies in economies such as India, Korea, Malaysia, and Japan. Many major firms are leveraging this opportunity to gain advantage, further adding to the industry potential.
Major companies swaying global fermented food and ingredients market dynamics are DuPont de Nemours Inc., General Mills Inc., Cargill Inc., Flowers Foods Inc., Danone S.A., CSK Food Enrichment (Royal DSM), Archer Daniels Midland Company (ADM), and Evonik.
Of these, CSK Food Enrichment (acquired by Royal DSM) is one of the world's leading suppliers of dairy products. Consumers benefit from the company's exclusive flavor and texture concept, and it is actively engaged in research to innovate further.