The global fermented food and ingredients market is anticipated to reach US$ 6367 million by 2027, registering a CAGR of 22.1% from 2021 to 2027. The increased demand for healthy food products and the increasing awareness of the health benefits associated with fermented food are the major factors driving the growth of the market.
Fermented food and ingredients offer a variety of health benefits such as improved digestion, immunity, and overall gut health. Fermented foods contain beneficial bacteria that help boost the immune system and aid in digestion. They are also rich in vitamins, minerals, and antioxidant compounds, which further enhance their nutritional value. Additionally, the increasing recognition of the potential applications of fermented food in medical treatments and the increasing acceptance of these foods in the western market have further augmented the growth of the market.
In terms of product type, the market is segmented into fermented dairy, fermented vegetables, fermented cereals, fermented fruits, fermented beverages, and other fermented food and ingredients. Fermented dairy products such as cheese, yogurt, and kefir are some of the most popular fermented food products. Fermented vegetables such as kimchi, sauerkraut, and pickles are also gaining popularity due to their health benefits. The large-scale production of these products and the increasing demand for healthy food products are further driving the growth of the market.
Regionally, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to witness the fastest growth in the coming years due to the increasing consumption of fermented food in countries such as China, India, and Japan. The growing awareness of the health benefits associated with fermented food and the increasing acceptance of these products in the western market have further augmented the growth of the market in the region.
The major players operating in the market include Nestle SA, Lactalis Group, Danone SA, PepsiCo Inc., Koninklijke DSM, Kellogg’s Company, General Mills Inc., and Fonterra Co-operative Group Limited., among others. These players are focusing on strategic collaboration and launching innovative products to gain a strong foothold in the market.