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The fermentation process is the use of food cultures such as amino acid and organic acid to change the texture, colour, and taste of the food products. The most common example is creating cheese from milk, which requires such fermented ingredients to prevent cheese from spoilage and to provide it longer shelf life. It is also used in several dairy products, such as curd, paneer, cheese, yogurt, and others which indicates the high growth potential of fermented ingredients in the upcoming years.
The consumers are going health conscious and looking for the food products that do not contain chemicals and other artificial preservatives. The food and beverage sector is actively innovating to define clean label substitutes for the protection of food, and removal of excessively used chemical preservatives from the food products. The rising demand for fermented ingredients and growing food and beverages sector across the world is expected to give a boost to global fermented ingredients market.
Key Market Driver -
Increased Demand from Food & Beverages Sectors and Pharmaceuticals Industry
Key Market Restraint -
Stringent Manufacturing Regulations and Procedural Delay
The consumption of fermented ingredients is increasing in the food and beverages sector along with the rising utility in pharmaceuticals Industry. The fermentation of pharmaceutical ingredients is going popular among manufacturers in the global health care sector. The fermented ingredients are used in the breakdown of the compound for the manufacturing of pharmaceuticals products, which shows the future growth of the sector.
The food manufacturing procedure requires stringent regulations in adding the ingredients in the processed foods. The selling process of the products gets delayed due to its quality check procedure, which impacts the pace of the business.
The fermented ingredients market is highly emerging across the globe and manufacturers are actively building their business strategies to improve their product quality and traction in the market. Some of the major key players that are operating in the global fermented ingredients market include AngelYeast Co., Ltd., Lallemand Inc., Kerry Group Plc., Cargill, Incorporated, Associated British Foods Plc., BASF S.E., Döhler Group SE, and Frutarom Industries Ltd.
Based on the product type, the amino acid is derived from plant-based foods, such as soy and wheat and is the dominating segment in the market. The product is going popular among the consumers, owing to its associated properties such as softening and digestive properties. Various food and beverages manufacturers utilize the amino acid for their fast and accurate result, to get perfect final products on time and to preserve it for a long time. The organic acid is another product type which is also used by manufacturers in food processing. The rising trend of fortifying the antioxidants and vitamins in edible oil and other processed food products to enhance the nutritional value of food is expected to boost the growth of the global fermented ingredients market.
Based on the applications, the food and beverages sector is accounted for the major market share of utilising fermented ingredients, due to the rising growth of the bakery and dairy sector across the globe. The demand for the bakery sector in various countries is rising due to the changing food pattern and urbanization, and it is expected to grow at a significant pace over the forecast period, along with the growth of fermented ingredients.
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The Asia Pacific is one of the major consumers of fermented ingredients across the world, and it is anticipated to record a promising growth during the upcoming years. The manufacturers are utilising fermented ingredients in their food manufacturing for textural, sensorial, and preservation properties. The abundant availability of milk in various countries of the region, such as India and China has encouraged the growth of the dairy and bakery sector within the region. The manufacturers of fermented ingredients are utilising the opportunity by availing it to the food manufacturers. The rising urban population and their lifestyles in the region are encouraging the popularity and penetration of processed and packaged food in the market, which also utilises a significant quantity of fermented ingredients in their food processing. The growth factors of such food sectors are expected to influence the overall market of fermented ingredients across the globe positively.
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