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The increasing demand for antibiotics and vaccines in developing economies is expected to drive the growth of the global fermented ingredients market. There is an increasing investment in the healthcare sector in APAC and African region. The wide applications of adhesives are expected to boost the growth of fermented ingredients market. Latin America and MEA are expected to project high CAGR during the forecast period, due to the growth of food and beverage industry in these regions.
Fermented Ingredients Market: Region Wise Outlook
The global fermented ingredients market can be divided into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). North America accounts for the significant share in global fermented ingredients market. This is attributed to mature and well-established food and beverage industry in the region. The advancements in the pharmaceutical sector are anticipated to contribute to the growth of the fermented market in the region.
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The rising demand for animal and pet food in Western Europe is expected to increase the share of fermented ingredients market in the region. APEJ is anticipated to project high CAGR during the forecast period. The high population in the region has resulted in increasing demand for high quality and nutritious food. The region also accounts for the significant share in cosmetic products industry.
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Fermented Ingredients Market: Key Players
Some of the key players in the global fermented ingredients market are as follows:
RFI Ingredients,Lallemand Inc.,Koninklijke DSM N.V,I. du Pont de Nemours and Company,Hansen Holding A/S,Angel Yeast Co. Ltd.,Lonza Group,
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