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South America Fermented Ingredient Market - Growth, Trends, and Forecast (2020 - 2025)

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  • 80 Pages
  • June 2020
  • Mordor Intelligence
  • ID: 5119784
South America fermented ingredient market is anticipated to register a CAGR of 5.28% during the forecast period (2020 - 2025).
  • Producers of bulk food and feed ingredients such as amino acids, organic acids, and vitamins use fermentation as the basis of their production. Modern industrial biotechnology processes use carefully selected and purified microbial cell cultures to produce an ever-increasing variety of ingredients and increase productivity.
  • The demand for ready-to-eat food and beverage products, such as health drinks, breakfast cereals, and other foods that offer a complete package of nutrients, is increasing in the region, owing to the rising disposable income, growing awareness, and busy lifestyle of consumers. Thus resulting in the growth of the market.

Key Market Trends

Growing Incorporation In Animal Feed

Fermentation is a unique process that will improve the nutritional value of feed ingredients. Fermentation reduces the presence of exoskeletal chitin in feed, anti-nutritional factors, and fiber in plant-based feed ingredients thus improves their nutritive value. Further bacterial fermentation holds promise for growth enhancement and immunostimulants in aquaculture.

Fermentation also increases the availability of certain vitamins viz., riboflavin, cyanocobalamin, thiamine, niacin, B6, B12, and folic acid levels in some feed ingredients. Feeding fermented products has been commonly practiced majorly in the pig nutrition arena for many years. However, there is an increasing interest in incorporating fermented feed into broiler poultry to take advantage of its positive influences particularly on gut health and production parameters.

Brazil Dominates The Market

Fortification of vegetable and fruit juices for functional benefits is aimed at decreasing carbohydrates levels and increasing beneficial enzymes, various strains of probiotics, and friendly bacteria that help in breaking down food into a more digestive form. This is directly enhancing the growth of fermented ingredients in the country. The growing food and beverage industry in Brazil is driving the demand for functional beverages in the market. The changing lifestyle of the consumers is expected to drive the fermented ingredients market in Brazil. With the growth in animal husbandry and integrated farming there is a demand for animal feeds that are more beneficial than the conventional ones on the country.

Competitive Landscape

South America fermented ingredients market is competitive with various regional and global players in the market such as Evonik Industries AG, Novozymes A/S, BASF SE, Kerry Group plc, Döhler, etc. Companies are actively expanding their product bases and are increasing production capacities to meet the demand for applications that are emerging from the food and beverage sector.

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Table of Contents

1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5.1 By Type
5.1.1 Amino Acids
5.1.2 Organic Acids
5.1.3 Polymers
5.1.4 Vitamins
5.1.5 Industrial Enzymes
5.1.6 Antibiotics
5.2 By Form
5.2.1 Dry
5.2.2 Liquid
5.3 By Application
5.3.1 Food & beverages
5.3.2 Feed
5.3.3 Pharmaceutical
5.3.4 Industrial Use
5.3.5 Other Applications
5.4 By Geography
5.4.1 Brazil
5.4.2 Argentina
5.4.3 Rest of South America
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Evonik Industries AG
6.3.2 Novozymes A/S
6.3.3 BASF SE
6.3.4 Kerry Group plc
6.3.5 Dohler Group SE
6.3.6 Lonza Group
6.3.7 Chr. Hansen Holding A/S
6.3.8 Manuchar Brazil

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Evonik Industries AG
  • Novozymes A/S
  • Kerry Group plc
  • Dohler Group SE
  • Lonza Group
  • Chr. Hansen Holding A/S
  • Manuchar Brazil