Fermented Ingredients Market Size
Market Size in USD Bn
CAGR14.1%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 14.1% |
| Market Concentration | High |
| Major Players | Chr. Hansen A/S, AngelYeast Co., Ltd., DuPont, Lonza, Lallemand Inc. and Among Others |
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Fermented Ingredients Market Analysis
The Global Fermented Ingredients Market is estimated to be valued at USD 39.2 Bn in 2024 and is expected to reach USD 112.6 Bn by 2031, growing at a compound annual growth rate (CAGR) of 14.1% from 2024 to 2031. Fermented ingredients are widely used in food and beverage applications due to their health benefits. The demand for fermented ingredients is growing due to the rising awareness among consumers about functional foods and healthy diet.
The market is witnessing significant growth driven by factors such as increasing awareness about gut health, popularity of fermented food and beverages among health-conscious consumers. Growth in the food and beverage industry has also fueled the demand for fermented ingredients. Further, advancements in fermentation technology and new product development are expected to generate lucrative opportunities for players in this market over the forecast period.