As per the United States Food and Drug Act, food should be deemed adulterated: “If it bears or contains any poisonous or deleterious substance, which may render it injurious to health; but in case the substance is not an added substance, such food should not be considered adulterated under this clause if the quantity of such substance in such food does not ordinarily render it injurious to health”.
According to the report, Increasing Demand for Preservative Food Materials
is one of the primary growth factors for the market. Growing Demand for Fermented Food and Ingredients like Kombucha and Sourdough from Bread Bars and Cafes
is also expected to contribute significantly to the Fermented Food and Ingredients market. Overall, Household
applications of Fermented Food and Ingredients, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Distribution Channel, such as Online, is boosting the Fermented Food and Ingredients market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Material, such as Sauerkraut, is boosting the Fermented Food and Ingredients market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMAs Analyst on the Global Fermented Food and Ingredients market identified that the demand is rising in many different parts of the world as "Surging Demand for Fermented Food and Ingredients among the Population owing to its Health Benefits can create Opportunities for the Market Growth". Furthermore, some recent industry insights like "In November 2019, Nestle has entered into a partnership with Corbion to develop the next generation of microalgae-based ingredients. The partnership allows the company to deliver sustainable, tasty, and nutritious plant-based products. With the transaction of Corbion's microalgae and fermentation capabilities with Nestle's expertise in the development of plant-based products, both companies purpose to produce and commercialize microalgae-based ingredients rich in protein and micronutrients. They will collaborate to enhance the functionality, taste, and nutritional profile for usage in different types of products." which is constantly making the industry very dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Fermented Food and Ingredients market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2021 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Fermented Food and Ingredients market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Fermented Food and Ingredients market size is calculated using market estimation process, the Fermented Food and Ingredients market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Fermented Food and Ingredients market size has been validated using both top-down and bottom-up approaches.