What is Fermented Foods Market?
Increasing demand due to consumer’s rising health consciousness will help to boost the global Fermented Foods market in the forecasted period. Fermented foods are the product of the fermentation process of the original foods with the help of microorganisms such as bacteria and yeast. They are derived by an anaerobic process which involves the application of natural bacteria that feeds on starch and sugar present in the food to produce lactic acid. Consumption of fermented foods can improve the digestion process and as well as help to prevent the number of diseases. The fermentation process transforms the original food into the organic food which comprises the different types of enzymes and nutrients and also has diverse taste and texture than the original food.
The market study is being classified by Type (Dairy Products [Yogurt, Cheese, Kefir, Others], Beverages [Wine, Beer, Juice, Herbal Tea, Soda, Others], Bakery and confessionary [Bread, Cakes, Chocolate, Others] and Others) and major geographies with country level break-up.
Cargill, Inc. (United States), The Coca-Cola Company (United States), Groupe Danone (France), Tetra Pak (Switzerland), Conagra Foods Inc. (United States), Suntory Beverage & Food Ltd (Japan), AGM Foods (Australia), Firefly Kitchens (United States), GEO HON (Taiwan), RFI Ingredients (United States) and Kyowa (United States) are some of the key players profiled in the study.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Fermented Foods market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Fermented Foods market by Type, Application and Region.
On the basis of geography, the market of Fermented Foods has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing demand due to health benefits offered by fermented foods is prevention from pylori infection, liver disease, inflammatory bowel disease, arthritis, lactose intolerance and can also reduce social anxiety
Market Trend
- High adoption due to a change in dietary patterns to curb down physical ailments
- Increasing demand due to online distribution channel
Restraints
- The concern associated with alcohol content in soya sauce that is expected to affect the body cells
Opportunities
- Growing food industry across the developing and developed Countries
- The fermented foods are presumed to be the fully organic food due to the presence of probiotics and bio preservatives
Challenges
- Stringent government regulation regarding food products
Key Target Audience
Consulting companies, Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
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