Global Fermented Ingredients Market to Reach $79.3 Billion by 2030
The global market for Fermented Ingredients estimated at US$44.3 Billion in the year 2023, is expected to reach US$79.3 Billion by 2030, growing at a CAGR of 8.7% over the analysis period 2023-2030. Amino Acids, one of the segments analyzed in the report, is expected to record a 10% CAGR and reach US$22.9 Billion by the end of the analysis period. Growth in the Organic Acids segment is estimated at 8.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $11.6 Billion, While China is Forecast to Grow at 12.8% CAGR
The Fermented Ingredients market in the U.S. is estimated at US$11.6 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$20.2 Billion by the year 2030 trailing a CAGR of 12.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.6% and 7.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$11.6 Billion by the year 2030.
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