Global Fermented Ingredients Market: Key Highlights
Global Fermented Ingredients Market: Key Market Dynamics
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Global Fermented Ingredients Market: Regional Overview
Europe is expected to dominate the fermented ingredients market during the forecasted period owing to the increasing need forfood & beverage. Increasing consumer's inclination towards the use of fermented food & ingredients due to benefits offered by them such as the human digestive system, further helping in increasing immunity and brain function. According to FoodDrinkEurope, the European Union is the largest exporter of food & drink products. In 2017, the European Union’s food & beverages export reached USD 127.4 billion.
The Asia Pacific is anticipated to be the fastest-growing region in the fermented ingredients market. Some of the major factors such as increasing awareness amongst people regarding the health and nutritional benefits, increase in consumption of processed food and increasing application of fermented ingredients in the production of alcohol are driving the market growth. For instance, according to Direct China Chamber of Commerce, revenue generated by alcoholic drink was USD 293.5 billion in 2019.
Global Fermented Ingredients Market: Key Players Overview
AJINOMOTO CO.,INC, is one of the global manufacturers of high-quality amino acid, specialty chemicals seasonings, pharmaceuticals and food & beverages. It is engaged in providing products and services through business segments namely Japanese food products, International food product, life support and healthcare. The company have 121 manufacturing plants and has a strong sales network in over 130 countries across the globe. In February 2017, AJINOMOTO CO.,INC launched L-cystine a pharmaceutical-grade product for North American customers. L-cystine is non essential amino acid used in pharmaceutical products.
DuPontis is U.S. based one of the leading chemical manufacturing industry across the globe. The company operates through electronics & imaging, transportation & industrial, nutrition & bioscience, and safety & construction business segment. DuPont has a strong geographical network with research & development, manufacturing, and offices in more than 70 countries. In July 2019, DuPont opened a new probiotics fermentation unit at its Rochester, New York, facility with an aim to increase the capacity of probiotics for the dietary supplement and food and beverage industries.
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