Fermented Products Market By Type (Fermented Food , Fermented Beverage ), By Application (Residential , Commercial ), By Distribution Channel (Offline channels , Online Channels ): Global Opportunity Analysis and Industry Forecast, 2023-2032
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.
Key Benefits For StakeholdersThis 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.
Consumer Buying Behavior Analysis
End user preferences and pain points
Product Life Cycles
Consumer Preference and Product Specifications
Pain Point Analysis
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Criss-cross segment analysis- market size and forecast
Historic market data
Key Market SegmentsBy TypeFermented Food
Fermented Beverage
By ApplicationResidential
Commercial
By Distribution ChannelOffline channels
Online Channels
By RegionNorth 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 PlayersArla 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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