Fermented Food & Drink Market Scope
Fermented foods are foods and beverages that have undergone controlled microbial growth and fermentation. Fermentation is an anaerobic process in which microorganisms like yeast and bacteria break down food components (e.g. sugars such as glucose) into other products (e.g. organic acids, gases or alcohol). This gives fermented foods their desirable and unique taste, aroma, texture, as well as appearance. Several health benefits are associated with fermentation. Fermented foods are often more nutritious than their unfermented form. Fermented foods improve digestive health, boosts the immune system, among others. Moreover, the consumption of fermented foods leads to lower the risk of heart diseases as well.
According to AMA, the Global Fermented Food & Drink market is expected to see growth rate of 5.9% Research Analyst at AMA estimates that United States and Japanese Vendors will contribute to the maximum growth of Global Fermented Food & Drink market throughout the predicted period.
Coca Cola (United States), Cargill (United States), Conagra Foods (United States), Dr Pepper (United States), DSM (Netherlands), Danone (France), Grupo Petrópolis (Brazil), Hint Water (United States), Nestle (Switzerland) and PepsiCo (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Manda Fermentation Co Ltd (Japan), Vivolac Cultures Corp (United States), Zhejiang Yiming Food Co Ltd (China) and Fuji Oil Thailand Co Ltd (Japan).
Segmentation Overview
The study have segmented the market of Global Fermented Food & Drink market by Type (Fermented Vegetables, Fermented Dairy Products, Fermented Alcoholic & Non-Alcoholic Drinks, Bakery Products and Others) and Region with country level break-up.
On the basis of geography, the market of Fermented Food & Drink has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increasing Use of Fermented Foods as Ingredients in Various Foods and Beverages and Young Population Like To Taste New and Unusual Flavors
Market Growth Drivers:
Consumers are More Inclined towards Healthy and Natural Preservation Methods and The Purported Health Benefits of Fermented Foods
Challenges:
The presence of various substitute products in the market is another challenge faced by the market
Restraints:
Lawsuits and Product Recalls
Opportunities:
Innovative and Creative Packaging Formats and The Growth Potential from Less Developed Countries
Market Leaders and their Expansionary Development Strategies
In Aug 2019, Cargill has expanded its offerings of sustainable alternatives to fishmeal in aqua feed owing to a new agreement with White Dog Labs. The deal secures access to ProTyton, White Dog Labs’ single-cell protein produced by fermentation with corn feedstock—a sustainable alternative to harvesting fishmeal—which, like fishmeal, is high in protein and amino acids. ProTyton will be ready to ship from White Dog Labs’ demo facility in Sutherland, NE in 2020.
In November 2022,Arla Foods Ingredients has unveiled a whey-based solution that enables the creation of clear and protein-enriched fermented drinks. Due to the high demand for ready-to-drink beverages, Arla’s new ingredient is said to offer new ways to give fermented beverages a twist.
Key Target Audience
Fermented Food & Drinks Manufacturers, Raw Material Suppliers, Fermented Food & Drinks Traders/distributors, Regulatory & Government Bodies, End Users and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.