Global Fermentates Market Overview:
Fermentates are the food products produced by the fermentation process of various types of raw materials, the fermentates are of various types non-fat dry milk fermentates, dextrose fermentates, and wheat starch fermentates. The fermentate is used widely in bakery, culinary, dairy, meat, pet foods, etc to enhances its shelf life. The fermentation products go through a various processes like primary, and secondary fermentation.
As per latest study released by AMA Research, the Global Fermentates market is expected to see growth rate of 42.0%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Emerging Natural and Clean-label Trends in the Food Industry and Increasing Application of Fermentates in Bakery and Dairy Products
Market Growth Drivers:
Growing Demand for the Ferementated Products and Demand for the Food Products with the Longer Shelf Life
Challenges:
Allergy Related Risk Associated with Fermentates
Restraints:
High Cost and Time Taking Process Involved in Fermentates Production
Opportunities:
Surging Demand for the Fermentates from Developing Countries
Competitive Landscape:
The global market is highly competitive and consists of a limited number of providers competing. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Some of the key players profiled in the report are DuPont (United States), Handary (Belgium), Ajinomoto Co., Inc. (Japan), Dohler (Germany), Cargill (United States), Evonik Industries (Germany), Novozymes A/S (Denmark), Lallemand Specialty Cultures (France) and Stepan Company (United States). Considering Market by Nature, the sub-segment i.e. Plant-based will boost the Fermentates market. Considering Market by Form, the sub-segment i.e. Dry will boost the Fermentates market.
Latest Market Insights:
On 31st March 2021, DSM acquires Amyris' Flavor & Fragrance bio-based intermediates business. In recent years, DSM has acquired the license to supply Amyris' farnesene bio-based compound to Givaudan, as well as its Brazil-based Brotas fermentation facility. DSM and Amyris have struck a number of deals together over the years including the acquisition of the latter's fermentation-based production facility, which can churn out large quantities of farnesene, a chemical derived from sugar that is thought to have calming and sedative effects.
On 2nd February 2021, Stepan Completes Acquisition of Fermentation Plant Located in Lake Providence, Louisiana. Fermentation is a new platform technology for Stepan Company looks to commercialize next-generation surfactants. Bio-surfactants, produced via fermentation, are attractive due to their favorable biodegradability, low toxicity, and in some cases, unique antimicrobial properties.
"In 2019, the Thai Food and drug administration (FDA) granted regulatory approval to two MicroGARD fermentates from DuPont’s Danisco portfolio – MicroGARD 100 and MicroGARD 200, which provide natural solutions to shelf-life extension and benefit health-conscious consumers. Both fermentates inhibit gram-negative bacteria, and certain yeasts and molds across a wide range of food products such as dairy, culinary and bakery applications."
What Can be Explored with the Fermentates Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Fermentates Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Fermentates
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Fermentates market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Fermentates market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Fermentates Manufacturers, Fermentates Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies, Upstream and Downstream Buyers and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.