The fermented ingredients market is projected to register a CAGR of 4.72% during the forecast period (2020 - 2025).
- Rise in awareness about health benefits associated with the consumption of fermented ingredients and growth in the sales of fermented food and beverages products are fueling the growth of the fermented ingredients market.
- Owing to the growing demand for easy preservation of food items and affordable procurement, manufacturers of food and beverage products are showcasing a considerable growth in the adoption of fermented ingredients for food production processes. Thus, this is supporting the market growth.
Key Market Trends
Increasing Demand for Fermented Ingredients in Cosmetics and Personal Care
The cosmetics and personal care sector use sufficient bacteria, yeasts, and other fermented ingredients in skincare products to take care of the skin. Fermented ingredients have functional benefits for the overall health of the skin. The fermentation process increases the level of antioxidants in each ingredient, which helps in slowing down the aging process of the skin. When used in topical skincare, this fermentation process increases the bioavailability of ingredients, which means that they can be absorbed at a deeper level. This is perfect for anyone with, particularly dry skin. This, in turn, boosting the market studied globally.
North America Holds the Largest Market
The amino acid demands in North America is fueled by increasing consumer's inclination toward high protein diets for bodybuilding and general well-being. Branched Chain Amino Acids (BCAAs) namely valine, leucine, and isoleucine are increasingly utilized in performance-nutrition solutions. Consumers in the United States have exhibited enhanced awareness of the health benefits of amino-acids and their sources. The plant-based amino acid, in particular, have emerged as a preferable source, owing to their clean label properties. Moreover, fermentation-derived polymers are also utilized in several applications, and manufacturers are also trying to develop new products. For instance, In 2017, Itaconix, a US subsidiary of the UK-based polymer developer Revolymer, is working with two specialty chemical companies to develop polymers based on fermentation-derived itaconic acid.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. Some of the major companies in the fermented ingredients market include DuPont, Ajinomoto Corporation Inc., Chr. Hansen Holding AS, BASF SE, Dohler Group SE, and Lallemand Inc., among others.
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