Market Overview 2024-2032:
The global fermented foods market size reached US$ 231.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 369.0 Billion by 2032, exhibiting a growth rate (CAGR) of 5.18% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
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2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
US$ 231.6 Billion |
Market Forecast in 2032
|
US$ 369.0 Billion |
Market Growth Rate 2024-2032 |
5.18% |
Fermented foods are the product of anaerobic process that involves fermentation by microorganisms to break starch and sugar into lactic acid. They mainly comprise of dairy items, vegetables, health drinks, desserts, confectioneries, etc. Fermented foods aid in improving the digestive system by maintaining a proper balance of bacteria in the gut. Furthermore, they also assist in boosting the immune system, reducing the risk of cardiovascular ailments, minimizing inflammatory bowel disorders, maintaining cognitive health, etc.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
Fermented Foods Market Trends:
The rising consumer health consciousness is currently driving the demand for fermented foods based on the high content of probiotics, omega-3 fatty acids, essential enzymes, etc. Moreover, the growing consumer inclination towards natural, organic, and clean-labeled food products is also propelling the market for fermented foods that contain bio-preservatives. Additionally, the increasing penetration of vegan food trends has led to the emergence of fermented vegan meat products, such as tempeh, having similar nutritional value as that of their meat-based alternatives. Moreover, the increasing consumption of numerous functional beverages, such as probiotic fermented milk and kombucha tea, is further catalyzing the global market. Besides this, several regulatory bodies are introducing safety standards for providing appropriate quality control and maintaining the functionality of fermented foods. In the coming years, various advancements in the fermentation technology for producing innovative product variants with enriched flavor and prolonged shelf life will continue to drive the global market for fermented foods.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global fermented foods market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on food type, ingredient type, fermentation process and distribution channel.
Breakup by Food Type:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
- 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:
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- North America
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
- Turkey
- Saudi Arabia
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being 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. and Royal FrieslandCampina N.V.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Billion |
Segment Coverage |
Food Type, Ingredient Type, Fermentation Process, Distribution Channel, Region |
Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico, Turkey, Saudi Arabia |
Companies Covered |
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. and Royal FrieslandCampina N.V. |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global fermented foods market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global fermented foods market?
- What are the key regional markets?
- What is the breakup of the market based on the food type?
- What is the breakup of the market based on the ingredient type?
- What is the breakup of the market based on the fermentation process?
- What is the breakup of the market based on the distribution channel?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global fermented foods market and who are the key players?
- What is the degree of competition in the industry?