Global Fermented Ingredients Market: Trends, Forecast, and Competitive Analysis (2024–2030)
The global fermented ingredients market size is expected to reach USD 73.5 billion by 2030, registering a CAGR of 11.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing digestive problems and awareness among consumers about health benefits of fermented products are expected to drive the market in the forecast period. Moreover, usage of fermented ingredients as preservatives by various manufacturers in order to increase the shelf life of various products is expected to propel the demand for the product. The food and beverage application segment dominated the market and accounted for more than 65.0% share of the overall revenue in 2018. Growing demand for alcoholic beverages such as beer and wine, which are prepared by fermenting wheat, rice, and grapes, is driving the food and beverage industry. Furthermore, increasing consumption of yogurt, cheese, and pickles in various regions is a key factor boosting the industry growt...