The fermented products market was valued at $52.4 billion in 2022, and is estimated to reach $75.2 billion by 2032, registering a CAGR of 4.3% from 2023 to 2032. In 2023, the fermented food segment occupied the largest market share as it is one of the most sought-after types of fermented products due to their versatility in various food applications. Manufacturing, advertising, and sale of food that have undergone the fermentation process are all a part of the global fermented products market. Fermentation is a metabolic process that converts sugar and other nutrients into a variety of compounds such organic acids, organic alcohols, and gases using microorganisms such as bacteria, yeast, or mold. This process modifies and preserves the original food, typically enhancing its flavor, texture, and nutritional value.
The growing acceptance of foreign food has had a significant impact on the market for fermented product. As consumers become more dynamic towards flavors and are eager to try novel tastes and culinary traditions, they are becoming more interested to try fermented food from various cultures globally. As a result of globalization and more travel, consumers have grown eager to taste new cuisines and flavors. Fermented food give a unique flavor experience and a possibility for culinary innovation. Fermented food come in a wide variety of flavors, from the sour miso of Japan to the fiery and sour kimchi of Korea.
The texture and flavor of fermented products can be challenging for some consumers, especially individuals who are unaccustomed with the peculiar scents and acidity that fermentation may impart to food. Since food that have undergone fermentation typically possess potent, complex flavors, which are foreign to people at an ethnic or culinary level, it may take a while for people to acquire a taste for them.
The demand for fermented food has seen a significant increase in online sales as a result of changing customer buying habits, growth of internet based retailers, and owing to the convenience that online shopping offers. Due to the convenience of internet purchasing, consumers no longer need to leave their homes to purchase fermented food, which reduces the need to visit physical establishments. To entice clients who are concerned about their health, online retailers that focus on selling natural, organic, and health-related products, usually have sections for fermented food.
The fermented products market is segmented on the basis of type, application, distribution channel, and region. By type, the market is divided into fermented food and fermented beverages. By application, the market is divided into residential and commercial. By distribution channel, the market is divided into offline channels and online channels. By region, the market is divided into North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, United Arab Emirates, South Africa, and the Rest of LAMEA).
Some of the major players analyzed in this report are Again Drinks, Arla Food Amba, Chobani, Llc, Dana Dairy Group, Danone, General Mills, Gujarat Cooperative Milk Marketing Federation (Amul), Juhayna Food Industries, Lactalis Corporation, Marmum Dairy, Meiji Holdings Co., Ltd., National Dairy Development Board, Nestle S.A., Royal Friesland Campina, and Schreiber Food Inc.
The growing acceptance of foreign food has had a significant impact on the market for fermented product. As consumers become more dynamic towards flavors and are eager to try novel tastes and culinary traditions, they are becoming more interested to try fermented food from various cultures globally. As a result of globalization and more travel, consumers have grown eager to taste new cuisines and flavors. Fermented food give a unique flavor experience and a possibility for culinary innovation. Fermented food come in a wide variety of flavors, from the sour miso of Japan to the fiery and sour kimchi of Korea.
The texture and flavor of fermented products can be challenging for some consumers, especially individuals who are unaccustomed with the peculiar scents and acidity that fermentation may impart to food. Since food that have undergone fermentation typically possess potent, complex flavors, which are foreign to people at an ethnic or culinary level, it may take a while for people to acquire a taste for them.
The demand for fermented food has seen a significant increase in online sales as a result of changing customer buying habits, growth of internet based retailers, and owing to the convenience that online shopping offers. Due to the convenience of internet purchasing, consumers no longer need to leave their homes to purchase fermented food, which reduces the need to visit physical establishments. To entice clients who are concerned about their health, online retailers that focus on selling natural, organic, and health-related products, usually have sections for fermented food.
The fermented products market is segmented on the basis of type, application, distribution channel, and region. By type, the market is divided into fermented food and fermented beverages. By application, the market is divided into residential and commercial. By distribution channel, the market is divided into offline channels and online channels. By region, the market is divided into North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, United Arab Emirates, South Africa, and the Rest of LAMEA).
Some of the major players analyzed in this report are Again Drinks, Arla Food Amba, Chobani, Llc, Dana Dairy Group, Danone, General Mills, Gujarat Cooperative Milk Marketing Federation (Amul), Juhayna Food Industries, Lactalis Corporation, Marmum Dairy, Meiji Holdings Co., Ltd., National Dairy Development Board, Nestle S.A., Royal Friesland Campina, and Schreiber Food Inc.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the fermented products market analysis from 2022 to 2032 to identify the prevailing fermented products market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the fermented products market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global fermented products market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Type
- Fermented Food
- Fermented Beverage
By Application
- Residential
- Commercial
By Distribution Channel
- Offline channels
- Online Channels
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- Saudi Arabia
- UAE
- South Africa
- Rest of LAMEA
- Key Market Players
- Arla Foods amba
- General Mills, Inc.
- Gujarat Cooperative Milk Marketing Federation Ltd.
- Royal FrieslandCampina N.V.
- Schreiber Foods Inc.
- Danone S.A.
- Meiji Holdings Co., Ltd.
- DANA Dairy Group Ltd
- Nestle S.A.
- Juhayna Food Industries S.A.E.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: FERMENTED PRODUCTS MARKET, BY TYPE
CHAPTER 5: FERMENTED PRODUCTS MARKET, BY APPLICATION
CHAPTER 6: FERMENTED PRODUCTS MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 7: FERMENTED PRODUCTS MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, the fermented products market was valued at $52.5 billion in 2022, and is estimated to reach $78.7 billion by 2032, growing at a CAGR of 4.3% from 2023 to 2032.Fermented products constitute a broad category of food and beverages that have undergone a natural biological transformation through the fermentation process. This transformative procedure relies on the metabolic activity of microorganisms like bacteria, yeast, or molds acting on raw ingredients. Throughout fermentation, these microorganisms consume sugars and other organic compounds, converting them into various advantageous substances, including organic acids, gases, and alcohol. This not only imparts distinct flavors, textures, and aromas to the products but also extends their shelf life and nutritional value.
Fermentation, a practice employed by diverse cultures globally for centuries, has played a vital role in preserving perishable foods, improving their digestibility, and unlocking new taste profiles. Well-known fermented products encompass yogurt, cheese, sourdough bread, sauerkraut, kimchi, pickles, miso, tempeh, beer, wine, and kombucha.
Apart from their culinary allure, fermented products are esteemed for their potential health advantages. Numerous fermented foods and beverages are teeming with probiotics, which are live beneficial microorganisms capable of positively impacting the gut microbiome. These probiotics can facilitate digestion, boost immune function, and contribute to overall well-being. Additionally, the fermentation process often enhances the bioavailability of specific nutrients, rendering them more easily absorbed by the body.
In recent years, the fermented products market has witnessed substantial expansion, driven by an increased focus on health and wellness, coupled with a desire for distinctive and artisanal flavors. Consumers actively seek out fermented products not only for their taste but also for their potential to promote a balanced gut microbiome and enhance digestive health. This trend has spurred innovation, resulting in a proliferation of products like dairy-free yogurt alternatives, probiotic-infused snacks, and a variety of craft kombucha flavors, catering to diverse dietary preferences and lifestyles.
A significant driving force propelling the fermented products market is the heightened awareness and emphasis on gut health and probiotics. Consumers increasingly acknowledge the pivotal role of a balanced gut microbiome in overall well-being, encompassing aspects such as digestion, immunity, and mental health. Consequently, there has been a surge in demand for fermented foods and beverages, which serve as rich sources of beneficial probiotics. This trend is projected to continue boosting the market as consumers actively seek products like yogurt, kimchi, kombucha, and kefir to foster a healthier gut and overall well-being. Manufacturers within the fermented products sector are capitalizing on this trend by developing innovative, probiotic-enriched offerings, thus further propelling market growth.
However, one significant challenge facing the fermented product market pertains to maintaining consistent quality and safety standards across a wide array of products and production methods. Fermentation, being a intricate biological process, relies on the metabolic activity of microorganisms, including bacteria, yeast, and molds, to convert raw materials into fermented products. While this process yields distinctive and flavorful outcomes, it simultaneously introduces variability and potential risks.
Ensuring uniform quality in fermented products proves particularly demanding as numerous factors can influence the outcome of the fermentation process. These factors encompass the type and strain of microorganisms employed, the quality of raw materials, temperature, humidity, and fermentation duration. Even slight deviations in any of these parameters can result in disparities in the taste, texture, and safety of the final product.
Within the food and beverage industry, stringent quality control and safety measures are indispensable, and fermented products are no exception. Inconsistent quality may lead to customer dissatisfaction and tarnish a brand's reputation. Additionally, safety concerns, such as the possibility of contamination by harmful microorganisms or excessive alcohol production, may arise if fermentation processes are not meticulously monitored and managed.
The fermented products market is segmented on the basis of type, application, distribution channel, and region. By type, the market is divided into fermented food and fermented beverages. By application, the market is divided into residential and commercial. By distribution channel, the market is divided into offline channels and online channels. By region, the market is divided into North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, United Arab Emirates, South Africa, and the Rest of LAMEA).
Players operating in the fermented products market have adopted various developmental strategies to increase their market share, gain profitability, and remain competitive in the market. The key players operating in the fermented products market include Again Drinks, Arla Food Amba, Chobani, Llc, Dana Dairy Group, Danone, General Mills, Gujarat Cooperative Milk Marketing Federation (Amul), Juhayna Food Industries, Lactalis Corporation, Marmum Dairy, Meiji Holdings Co., Ltd., National Dairy Development Board, Nestle S.A., Royal Friesland Campina, and Schreiber Food Inc.
Key findings of the study
The fermented food segment held the largest market share in 2022, and the fermented beverage segment is expected to grow at the fastest rate during the forecast period.By application, the residential segment attained the dominating share of the market in 2022, while the commercial segment is expected to grow at the fastest CAGR during the forecast period.
By distribution channel, the offline channels segment held the largest market share in 2022 and the online channels segment is expected to have the highest growth during the forecast period.
Companies Mentioned
- Arla Foods amba
- General Mills, Inc.
- Gujarat Cooperative Milk Marketing Federation Ltd.
- Royal FrieslandCampina N.V.
- Schreiber Foods Inc.
- Danone S.A.
- Meiji Holdings Co., Ltd.
- DANA Dairy Group Ltd
- Nestle S.A.
- Juhayna Food Industries S.A.E.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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