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The global fermentation ingredientsmarketis primarily driven by an increasingdemand for healthy food among consumers of all age groups. They are used extensively in the food & beverages and animal feed industries in order to enhance the shelf life of products. However, the dearth of quality raw materials, high costs of ingredients, and potential health risks caused by fermentation are a few hindrances experienced by this market.
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On the basis of type, the fermentation ingredients market is divided into the following categories: organic acids, amino acids, polymers, vitamins, industrial enzymes, biogas, and antibiotics. Among these, amino acids accounted for the maximum market share in 2015 and this trend is expected to continue in the near future. The rising demand for them in the animal feed additive and food & beverages industries is a major contributing factor in this development. Polymers are also projected to witness growth during the forecast period. The increasing application of fermented ingredients in personal care products is anticipated to lead to advancements in this market in the near future.
Applications of fermentation ingredients include food &beverages, bio fuel, pharmaceuticals, animal feed, paper, personal care products, and textile &leather. Fermented ingredients are commonly utilized in food and beverages, pharmaceuticals, and animal feed and this trend is projected to endure. Food and beverages presently are and likely to remain the dominant segment due to the growing employment of fermented ingredients to increase the shelf life of food products. The global market is also categorized in terms of form type into the liquid and dry varieties, of which the former constituted a prominent share in in the market in 2015. Liquid fermentation ingredients are preferred due to the ease with which they can be mixed with other ingredients. However, the dry segment is projected to expand over the forecast period.
Based on geography, the market is distributed over North America, Europe, Asia Pacific, Middle East &Africa (MEA), and Latin America. Asia Pacific is a substantial market for fermentation ingredients, whereas China is estimated to experience the top growth rate. Mounting population, escalating disposable income of the middle class, their subsequent need for high-quality food and personal care products, and the overall consumer awareness regarding health and wellness in developing countries such as India, China, and Japan is boosting the requirement of quality fermented ingredients in this region.
This market is highly competitive with the presence of multiple large-scale and small-scale vendors. Competition is more concentrated in developing markets such as Asia Pacific and it is likely to intensify further with the arrival of more players. Key players currently operating in the fermentation ingredients market include Cargill and E. I. du Pont de Nemours and Company in the U.S., BASF SE in and Döhler Group in Germany, Ajinomoto Corporation Inc. in Japan,Chr. Hansen A/S in Denmark, Koninklijke DSM N.V. in the Netherlands, Lallemand Inc. in Canada, Angel Yeast Co., Ltd. in China, and Lonza in Switzerland. These companies have been investing huge amounts of capital in research and development activities and innovation centers in order to expandtheir production capabilities and meet the growing market demands. New product launches, acquisitions of related firms, and expansion are the strategies adopted to ensure their growth in this market. The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications. The study is a source of reliable data on: Market segments and sub-segments Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological breakthroughs Value chain and stakeholder analysis The regional analysis covers: North America (U.S. and Canada) Latin America (Mexico, Brazil, Peru, Chile, and others) Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg) Eastern Europe (Poland and Russia) Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand) Middle East and Africa (GCC, Southern Africa, and North Africa) The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain. A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period. Highlights of the report: A complete backdrop analysis, which includes an assessment of the parent market Important changes in market dynamics Market segmentation up to the second or third level Historical, current, and projected size of the market from the standpoint of both value and volume Reporting and evaluation of recent industry developments Market shares and strategies of key players Emerging niche segments and regional markets An objective assessment of the trajectory of the market Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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