About Fermented Foods
Increasing demand due to consumer’s rising health consciousness will help to boost the global Fermented Foods market in the forecasted period. Fermented foods are the product of the fermentation process of the original foods with the help of microorganisms such as bacteria and yeast. They are derived by an anaerobic process which involves the application of natural bacteria that feeds on starch and sugar present in the food to produce lactic acid. Consumption of fermented foods can improve the digestion process and as well as help to prevent the number of diseases. The fermentation process transforms the original food into the organic food which comprises the different types of enzymes and nutrients and also has diverse taste and texture than the original food.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 7.72% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Fermented Foods market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cargill, Inc. (United States), The Coca-Cola Company (United States), Groupe Danone (France), Tetra Pak (Switzerland), Conagra Foods Inc. (United States), Suntory Beverage & Food Ltd (Japan), AGM Foods (Australia), Firefly Kitchens (United States), GEO HON (Taiwan), RFI Ingredients (United States) and Kyowa (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Fermented Foods market by Type (Dairy Products [Yogurt, Cheese, Kefir, Others], Beverages [Wine, Beer, Juice, Herbal Tea, Soda, Others], Bakery and confessionary [Bread, Cakes, Chocolate, Others] and Others) and Region.
On the basis of geography, the market of Fermented Foods 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Distribution Channel, the sub-segment i.e. Hypermarkets/Supermarkets will boost the Fermented Foods market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Types of Fermented Process, the sub-segment i.e. Batch Fermentation will boost the Fermented Foods market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High adoption due to a change in dietary patterns to curb down physical ailments and Increasing demand due to online distribution channel
Market Growth Drivers:
Growing demand due to health benefits offered by fermented foods is prevention from pylori infection, liver disease, inflammatory bowel disease, arthritis, lactose intolerance and can also reduce social anxiety
Challenges:
Stringent government regulation regarding food products
Restraints:
The concern associated with alcohol content in soya sauce that is expected to affect the body cells
Opportunities:
Growing food industry across the developing and developed Countries and The fermented foods are presumed to be the fully organic food due to the presence of probiotics and bio preservatives
Market Leaders and their expansionary development strategies
October 26, 2023: Danone acquires WhiteWave Foods Company, a leading producer of plant-based beverages and foods, including fermented products like yogurt and kefir
On January 12, 2024: Nestlé launches plant-based yogurt alternatives under its "Vialite" brand in the European market, aiming to capitalize on the growing demand for fermented plant-based products
Key Target Audience
Consulting companies, Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.