Fermentation Ingredients Market Description:
The global fermentation ingredients market is estimated and forecasted in terms of revenue (USD million) generated by the global market.
Fermentation ingredients are ingredients used in the fermentation process, which provide yeast extract, yeast peptones and yeast auto lysates essential for the growth of many microorganisms. These products are usually used to activate the process of fermentation in food & non-food products.
They also have positive effect on stability of large culture formulation, acidification performance, and sporulation rate and metabolites production. The fermented foods are high in nutritional values and economical at cost.
Fermentation Ingredients Market Overview:
Furthermore, increasing innovative product launches and demand for antibiotics across the globe are propelling the overall market growth.
The global fermentation ingredients market has shown outstanding growth owing to development of the bioethanol industry and rising awareness about food preservation globally.
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Moreover, development of low-cost fermentation ingredients and gradual shift towards newer technologies are some of the opportunities which are expected to fuel the growth of this market in coming years. However, the global fermentation ingredients market is hampered by inconsistent availability of quality raw material and high cost.
Fermentation Ingredients Market Application:
Based on application, the global fermentation ingredients market is segmented into biofuel, feed, food & beverages, paper, personal care, pharmaceuticals and textile & leather. Among various application, the food & beverage segment held the largest share of the fermentation ingredients market in 2017, due to surging consumption of fermented ingredients for food preservation and shelf life extension of food products.
Fermentation Ingredients Market Geography:
This market is studied across the countries of key regions such as, North America, Europe, Asia Pacific, and Rest of the world. North America accounted for the largest share in 2017, followed by Europe and Asia-Pacific. High growth of the pharmaceutical industry is fuelling the growth of fermentation ingredients in North America. The presence of large number of key players is the significant driving factor of the U.S. fermentation ingredients market. Furthermore, Europe has been the second largest market for fermentation ingredients. This market is majorly boosted by the growing increasing environmental concerns and launch of novel fermentation ingredients.
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In addition to this, the Asia-Pacific region is expected to grow at a lucrative growth rate during the forecast period. Increasing demand for the eco-friendly production system and expansion of fermentation ingredients companies, are believed to be the market drivers of fermentation ingredients in this region.
Fermentation Ingredients Market Top Key Players
Some of the major players operating in the global fermentation ingredients market include Ajinomoto Corporation Inc., Angelyeast Co., Ltd., BASF SE, Cargill, Incorporated, CHR. Hansen A/S, Döhler Group, E.I. Dupont De Nemours and Company, Koninklijke DSM N.V., Lallemand Inc. and Lonza among others. Market players are involved in product launches and collaboration agreements to exploit maximum revenue potential in global fermentation ingredients market.
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