[176+ Pages Research Report] Global Fermentation Ingredients Market to surpass USD 74.75 billion by 2030 from USD 29.95 billion in 2020 at a CAGR of 9.7 % in the coming years, i.e., 2021-30. The growth of the fermentation ingredients market is being fueled by raising awareness of the use of fermentation ingredients in personal care and pharmaceutical items.

Product Overview

Fermentation is a biological procedure that requires sterility and the use of cellular enzyme reactions rather than chemical reactions aided by an inanimate catalyst at a particular temperature and pressure. The food is stored for a longer period of time by adding the fermentation ingredients. The fermentation process can affect the product's quality and satisfaction. As a result, the food's consistency improves, making it easier to digest, more nourishing, and more delicious. Fermentation ingredients are used in a variety of sectors, including food and beverage, pharmaceuticals, and more.

Market Highlights

Global Fermentation Ingredients Market is expected to project a notable CAGR of 9.7% in 2030.

Food and beverage products made with fermentation ingredients are becoming increasingly popular, driving market growth around the world. The market is also being influenced by the introduction of eco-friendly production systems from fermentation ingredient manufacturers and advanced technologies in the fermentation method. The production of sugar cane, beet, tapioca, and corn is increasing, which is driving the global fermentation ingredients market.

Global Fermentation Ingredients Market: Segments

Amino acids segment to grow with the highest CAGR during 2020-30

Global Fermentation Ingredients market is segmented by type into organic acids, amino acids, polymers, vitamins, industrial enzymes, biogas, and antibiotics. Amino acids segment held the largest market share in the year 2020. The increasing demand in the animal feed additive and food and beverage industries is a major driver of the growth of segment. Polymers are expected to rise during the forecast period as well. The increasing use of fermented ingredients in personal care items is expected to propel this market further in the near future.

Food & beverages segment to grow with the highest CAGR during 2020-30

Global Fermentation Ingredients market is divided by application into food &beverages, bio fuel, pharmaceuticals, animal feed, paper, personal care products, and textile &leather. Over the forecast period, the food & beverages segment is projected to expand at the fastest pace. Food and drink, pharmaceuticals, and animal feed all use fermented ingredients, and this trend is expected to continue. Due to the increasing use of fermented ingredients to extend the shelf life of food products, food and beverages are currently and will likely remain the most dominant category.

Market Dynamics

Drivers

Rising Global Alcohol Consumption and Surging Demand from End Users

Surging demand of Fermentation Ingredients from numerous end user industries is the key factor contributing to the market growth. One of the most important factors driving the industry's growth is rising global alcohol consumption. Beer is the most common alcoholic beverage, and it is made by fermenting various products such as rice and wheat, so increased beer consumption will eventually boost market growth.

Rising Environmental Concerns and Various Health Benefits

Furthermore, rising environmental consciousness, environmentally friendly manufacturing processes, and various health benefits of the commodity are driving demand. During the forecast period, the market is expected to be driven by the rising biopharmaceutical industry. Because of its high productivity, the biopharmaceutical industry is booming, and it's widely regarded as modern sciences most sophisticated and elegant achievement breakthrough.

Restraint

Inconsistency of Raw Material and High Costs Associated with Market

The inconsistency of raw material supply is a major stumbling block to market growth in the long run. Another significant factor limiting market growth is the high cost of procuring raw materials. The market's development is also being hampered by the widespread use of biodegradable plastics made from sugar fermentation.

Global Fermentation Ingredients Market: Key Players

Hi-Pro Feeds LP

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

Kent Corporation

Alltech

Prestage Farms

Mercer Milling Company, Inc.

Kalmbach Media Co.

Tyson Foods, Inc.

White Oak Mills

The Wenger Group

Other Prominent Players

Global Fermentation Ingredients Market: Regions

Global Fermentation Ingredients market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Global Fermentation Ingredients in Asia Pacific held the largest market share in the year 2020. Asia Pacific is a significant market for fermentation ingredients, with China expected to rise at the fastest pace. In developing countries such as India, China, and Japan, rising population, rising middle-class disposable income, and their resulting demand for high-quality food and personal care items, as well as overall consumer knowledge of health and wellness, are driving up demand for quality fermented ingredients.

Global Fermentation Ingredients Market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe

Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC

Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Global Fermentation Ingredients Market report also contains analysis on:

Fermentation Ingredients Market Segments:

By Type

Organic acids

Amino acids

Polymers

Vitamins

Industrial enzymes

Biogas

Antibiotics

By Application

Food &beverages

Bio fuel

Pharmaceuticals

Animal feed

Paper

Personal care products

Textile &leather

Fermentation Ingredients Market Dynamics

Fermentation Ingredients Market Size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

Fermentation Ingredients Market Report Scope and Segmentation

Frequently Asked Questions

How big is the Fermentation Ingredients market

What is the Fermentation Ingredients market growth

Which segment accounted for the largest Fermentation Ingredients market share

Who are the key players in the Fermentation Ingredients market

What are the factors driving the Fermentation Ingredients market

Contents

1. Executive Summary

2. Global Fermentation Ingredients Market

1. Product Overview

2. Market Definition

3. Segmentation

4. Assumptions and Acronyms

3. Research Methodology

1. Research Objectives

2. Primary Research

3. Secondary Research

4. Forecast Model

5. Market Size Estimation

4. Average Pricing Analysis

5. Macro-Economic Indicators

6. Market Dynamics

1. Growth Drivers

2. Restraints

3. Opportunity

4. Trends

7. Correlation & Regression Analysis

1. Correlation Matrix

2. Regression Matrix

8. Recent Development, Policies & Regulatory Landscape

9. Risk Analysis

1. Demand Risk Analysis

2. Supply Risk Analysis

10. Global Fermentation Ingredients Market Analysis

1. Porters Five Forces

1. Threat of New Entrants

2. Bargaining Power of Suppliers

3. Threat of Substitutes

4. Rivalry

2. PEST Analysis

1. Political

2. Economic

3. Social

4. Technological

11. Global Fermentation Ingredients Market

1. Market Size & forecast, 2020A-2030F

1. By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. By Volume (Billion Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

12. Global Fermentation Ingredients Market: Market Segmentation

1. By Regions

1. North America:(U.S. and Canada), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. By Type: Market Share (2020-2030F)

1. Organic acids, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. Amino acids, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. Polymers, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

4. Vitamins, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

5. Industrial enzymes, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

6. Biogas, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

7. Antibiotics, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. By Application: Market Share (2020-2030F)

1. Food & Beverages, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. Biofuel, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. Pharmaceuticals, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

4. Animal Feed, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

5. Paper, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

6. Personal Care Products, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

7. Textile & Leather, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

Company Profile

1. Hi-Pro Feeds LP

1. Company Overview

2. Company Total Revenue (Financials)

3. Market Potential

4. Global Presence

5. Key Performance Indicators

6. SWOT Analysis

7. Product Launch

2. Kent Corporation

3. Alltech

4. Prestage Farms

5. Mercer Milling Company, Inc.

6. Kalmbach Media Co.

7. Tyson Foods, Inc.

8. White Oak Mills

9. The Wenger Group

10. Other Prominent Players

Consultant Recommendation

**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Methodology/Research Approach

Research Programs/Design

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources