Market Research Report
Fermentation ingredients are ingredients used in the fermentation process, which provide yeast extract, yeast peptones and yeast auto lysates essential for the growth of many microorganisms. These products are usually used to activate the process of fermentation in food & non-food products. They also have positive effect on stability of large culture formulation, acidification performance, sporulation rate and metabolites production. The fermented foods are high in nutritional values and economical at cost. The global fermentation ingredients market is estimated and forecasted in terms of revenue (USD million) generated by the global market.
The global fermentation ingredients market has shown outstanding growth owing to development of the bioethanol industry and rising awareness about food preservation globally. Furthermore, increasing innovative product launches and demand for antibiotics across the globe are propelling the overall market growth. Moreover, development of low-cost fermentation ingredients and gradual shift towards newer technologies are some of the opportunities which are expected to fuel the growth of this market in coming years. However, the global fermentation ingredients market is hampered by inconsistent availability of quality raw material and high cost.
The report analyses the global fermentation ingredients market based on type, application, process, form and geography. Based on type, the market is segmented into amino acids, antibiotics, biogas, industrial enzymes, organic acids, polymer and vitamins. The amino acids held the largest market share in 2017 and is anticipated to flourish at a lucrative rate owing to increasing demand from food & beverage and animal feed additive industries. Based on application, the global fermentation ingredients market is segmented into biofuel, feed, food & beverages, paper, personal care, pharmaceuticals and textile & leather. Among various application, the food & beverage segment held the largest share of the fermentation ingredients market in 2017, due to surging consumption of fermented ingredients for food preservation and shelf life extension of food products.
Based on process, the global fermentation ingredients market is segmented into aerobic fermentation, anaerobic fermentation, batch fermentation and continuous fermentation. The batch fermentation held the largest market share in 2017 and is anticipated to flourish at a lucrative rate owing to rising need for fermentation in separate batches. Based on form, the global fermentation ingredients market is segmented into dry and liquid form. Among various form, the liquid segment held the largest share of the fermentation ingredients market in 2017, due to swelling consumption of fermented ingredients in liquid form on a larger scale.
By geography, the global fermentation ingredients market is studied across the countries of key regions such as, North America, Europe, Asia Pacific, and Rest of the world. North America accounted for the largest share in 2017, followed by Europe and Asia-Pacific. High growth of the pharmaceutical industry is fuelling the growth of fermentation ingredients in North America. The presence of large number of key players is the significant driving factor of the U.S. fermentation ingredients market. Furthermore, Europe has been the second largest market for fermentation ingredients. This market is majorly boosted by the growing increasing environmental concerns and launch of novel fermentation ingredients. In addition to this, the Asia-Pacific region is expected to grow at a lucrative growth rate during the forecast period. Increasing demand for the eco-friendly production system and expansion of fermentation ingredients companies, are believed to be the market drivers of fermentation ingredients in this region.
Some of the major players operating in the global fermentation ingredients market include Ajinomoto Corporation Inc., Angelyeast Co., Ltd., BASF SE, Cargill, Incorporated, CHR. Hansen A/S, Döhler Group, E.I. Dupont De Nemours and Company, Koninklijke DSM N.V., Lallemand Inc. and Lonza among others. Market players are involved in product launches and collaboration agreements to exploit maximum revenue potential in global fermentation ingredients market.
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