According to the recent study the fermentation market is projected to grow at a CAGR of 7%-8% from 2020 to 2025. Growth in this market is primarily driven by growing awareness on food preservation, increased demand for fermented ingredients in the pharma industry and the rising demand for antibiotics.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in fermentation market by application (Food & Beverages, Bio Fuel, Pharmaceuticals, Agriculture, Animal Feed, Personal Care, and Textile &Leather), by product type (Organic Acids, Amino Acids, Polymers, Vitamins, Industrial Enzymes, Biogas, and Antibiotics), product form (Dry, and Liquid), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Amino acids market is expected to remain the largest segment during the forecast period.”
Based on product type, the fermentation market is segmented into organic acids, amino acids, polymers, vitamins, industrial enzymes, biogas, and antibiotics. Lucintel forecasts that the amino acids market is expected to remain the largest segment due to increased demand of amino acid in animal feed additive and food & beverage industry.
“Within the fermentation market, the food and beverages segment is expected to remain the largest application.”
Based on application, the food and beverages segment is expected to witness the largest ingredient segment over the forecast period due to increased consumption of fermented ingredients in food & beverage industry for food preservation and to increase shelf life of food products.
“North America will dominate the fermentation market in near future.”
North America is expected to be the largest region largest region during the forecast period due to large size of end-use industries, increasing demand of fermentation ingredients for food and beverage application, demand for high-quality food and personal care products, and consumer awareness regarding health and wellness.
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Major players of fermentation market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Cargill, E. I. DuPont, BASF SE, Döhler Group, Ajinomoto Corporation Inc.,Chr. Hansen, Koninklijke DSM N.V., Lallemand Inc., Angel Yeast Co. Ltd., and Lonza are among the major fermentation providers.
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