The fermented flavors market is estimated to secure a valuation of US$ 6.6 billion in 2023 and is estimated to rise to US$ 10.9 billion by 2033. The market is anticipated at a CAGR of 5.2% during the forecast period.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 6.6 billion |
| Projected Market Value in 2033 | US$ 10.9 billion |
| Growth Rate (2023 to 2033) | CAGR of 5.2% |
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The fermented flavors market is in demand owing to the increased demand for extending the shelf life of products & fresh food flavors. The shift in consumer preferences towards fermented beverages, confectionary items & bakery products is expected to boost the market growth. Also, the changing dietary pattern & increased disposable income are expected to propel the market growth.
The increased consumer awareness regarding the health benefits of fermented products is the prominent factor driving the demand for the fermented flavors market. Increased demand for artisanal & specialty food products contributed well to the market growth.
North America accounts for the highest share of the fermented flavors market owing to the increased consumption of processed food in the region and increased demand for fermented food products with new flavors with nutritional value is fueling the market growth. The increased demand for natural fermented flavors from USA and Canada boosted the demand for the market.
Europe emerged as a dominant region in the fermented flavors market due to the increased technological innovation in the food processing industry. Also, the increased demand for clean-label products with natural additives is creating opportunities for market growth in the region.
Asia Pacific is one of the significant markets for fermented flavors. The large consumer base and increased potential for the food service sector in the region boost the fermented flavor market growth. Moreover, growing consumer spending on food & beverages is fuelling the market growth in the region
Some of the manufacturers operating in the fermented flavors market are V8, Great Value, Balthhouse, Suja, R. W. Knudsen Family, Campbells, Juicy Juice Lakewood, Biotta, Beetology, Howards, and others
With the existence of several global competitors, the market has become extremely competitive, all these market players are undertaking several expansion & collaboration projects to increase their market presence. Market participants are heavily investing in research & development and constantly innovating to improve their production efficiency & product quality.
For instance, in August 2022- Balthouse Farm finalized its acquisition of evolution fresh from Starbucks, the acquisition will strengthen its leadership position in the juice and refrigerated beverage categories.
The fermented flavors market is expected to grow in the coming years. The increasing awareness among the consumer and increasing application of fermented flavors in alcoholic & non-alcoholic beverages, foods & pharmaceuticals are expected to drive market growth during the forecast period.
Also, the availability of different types of fermented flavors through different distribution channels increases the sales of the market. The start-ups operating in the fermented flavors market are coming up with very innovative product launches to increase the consumer base for products.
For instance, Fermenstation is a start-up producing fermented condiments like hot sauce & kimchi. The products are made using the traditional fermentation method & are designed to be flavourful & healthy.
The global sales of fermented flavours are expected to witness progressive growth over the forecast period. Growing consumer interest in sour flavours around the world is driving demand for fermented flavours.
Increasing demand for fermented vegetable juices in many countries. Fragmented vegetable juices are floral flavours. Fermented vegetable juices experimenting with unique spices and herb combinations. Consumers are consuming at regularly as health tonic.
Fermented vegetable juices have health benefits like repair the digestive system, boost immunity, detoxification. Fermented food brands can use different ingredients to develop new products and experiment with new flavours and combinations and these applications in health care industry are propelling market for fragmented flavours.
There are more health benefits from fermented food. The advantage comes from probiotics that occur during the fermentation process. Probiotics help in better skin, weight loss, and boost immunity. The correct balance of bacteria and enzymes improves your digestive system and absorb more nutrients from the food.
The nutrients that came from fermented food retain for longer periods. These health benefits of fragmented food make people are consuming more fragmented flavour food.
Principal Consultant
The USA is one of the key markets for fragmented flavours worldwide. The USA fragmented flavours market is to notice a prominent growth rate during the assessment period 2021 to 2031. The term fermented grew 46% on the United States restaurant menus.
Six out of 10. USA consumers show interest in discover new flavours of other cultures. In the United States, the food and beverage sector are growing at a steady phase and increase demand for fragmented food products with new varieties of flavours and nutrition value.
Increased innovation in fragmented equipment and processing in the United States is supporting the growth of fragmented flavours. Fermented cucumber is turned into a product and is referred to as pickles and mostly used in the Canada region.
Kombucha is a sweetened fermented product and got the attention of consumers recently in the Canada. Kombucha taprooms are also getting popular in the Canada. These are the factors for the growth of fermented flavours in the Canada.
Fermentation is the natural process and desirable change to a foodstuff and beverage due to this is widely used in the European region.
European consumers show interest in fragmented food due to fermentation is the natural process and consumer expectations on clean label and avoiding desire synthetic additives and preservatives. This promises fragmented flavours prominent growth in the assessment period 2021 to 2031.
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Some key manufacturers functioning in business in fermented flavours market includes
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
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Fermented Flavours Market
