Fermented Foods Market Size 2023-2028, Industry Share, Growth and Latest Insights
IMARC Group has recently released a new research study titled “Fermented Foods Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Market Overview:
The global fermented foods market size reached US$ 219.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 301.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028. Fermented foods are culinary and dietary staples that are globally recognized for their unique flavors and notable health benefits. These are the meals and drinks that have undergone fermentation, a process in which natural bacteria devour the sugar and starch in the food to produce lactic acid. This process helps to preserve the food and creates beneficial enzymes, B-vitamins, Omega-3 fatty acids, and various strains of probiotics.
These foods are traditionally valued for their contribution to gut health, enhancing the body's ability to absorb nutrients and bolstering the immune system. Additionally, they have gained significant traction among health-conscious consumers due to their intrinsic nutritional and health benefits, making them a dynamic component of the global food market. Some of the commercially available fermented foods include yogurt, kefir, sauerkraut, tempeh, kimchi, miso, and kombucha.
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What are the growth prospects and trends in the industry?
The escalating health consciousness among the masses majorly drives the global market. This can be supported by the rising demand for functional foods, as individuals increasingly recognize the link between diet and health. Along with this, the emerging trend of veganism and plant-based diets is further propelling the market as fermented foods fit seamlessly into these dietary frameworks. Moreover, fermented foods cater to the growing preference for natural, preservative-free foods, supporting their adoption among consumers concerned about artificial additives.
The increasing popularity of fermented foods across the globe due to the heightened awareness about the benefits of gut health and the importance of microbiome diversity is positively influencing the market. Apart from this, innovations in packaging, storage, and product formulations making these products more accessible and appealing, are contributing to the market. Furthermore, the emergence of sustainable and eco-friendly production methods for fermented foods is creating a positive market outlook.
Fermented Foods Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the fermented foods market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Ajinomoto Co. Inc.
- Angel Yeast Co. Ltd.
- Archer Daniels Midland Company
- Cargill Incorporated.
- Chr. Hansen Holding A/S
- Conagra Brands Inc.
- Danone
- Dohler GmbH
- General Mills Inc.
- Kerry Group plc
- KeVita Inc (PepsiCo Inc.)
- Koninklijke DSM N.V.
- Lallemand Inc.
- Mars Incorporated
- Meiji Holdings Co. Ltd.
- Mondelez International
- Nestlé S.A.
- Royal FrieslandCampina N.V.
Key Market Segmentation:
The report has segmented the global fermented foods market based on food type, ingredient type, fermentation process, distribution channel and region.
Breakup by Food Type:
- Fermented Dairy Products
- Fermented Beverages
- Fermented Confectionery and Bakery Products
- Fermented Vegetables
- Others
Breakup by Ingredient Type:
- Amino Acids
- Organic Acid
- Vitamins
- Industrial Enzymes
- Others
Breakup by Fermentation Process:
- Batch Fermentation
- Continuous Fermentation
- Aerobic Fermentation
- Anaerobic Fermentation
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Online Stores
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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