The fermented food and beverage market is estimated to be valued at USD 575.6 billion in 2024. The fermented food and beverage market is predicted to rise at a CAGR of 8.1% from 2024 to 2034. The global fermented food and beverage market is anticipated to reach USD 1.25 trillion by 2034.
The increasing consumer interest in health, wellness, and unique culinary experiences is expected to boost the market growth during the forecast period. The fermentation procedure improves the food's flavor, texture, and nutritional content and extends its shelf life.
There have been increased consumer preferences toward healthy eating habits, with a growing demand for natural and less processed foods. This trend is perfectly suited for fermented products because of their supposed health benefits, including better immunity, digestion, and gut health.
| Attributes | Key Insights |
|---|---|
| Estimated Market Size in 2024 | USD 575.6 billion |
| Projected Market Value in 2034 | USD 1.25 trillion |
| Value-based CAGR from 2024 to 2034 | 8.1% |
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From 2019 to 2023, the fermented food and beverage market experienced a CAGR of 7.5%. With increasing demand for products high probiotic content, increased consumer health consciousness, and a boom in the introduction of new products. The global market for fermented food and beverage is expanding.
Growing awareness of the health benefits of fermented foods-such as their anti-inflammatory, antifungal, antioxidant, and anti-atherosclerotic qualities-is expected to present prosperous opportunities for producers in the fermented food and beverage sector.
Prebiotics, probiotics, and other natural compounds found in fermented foods and beverages have led to a sharp increase in demand for these items. Fermented goods were first created to preserve food, get rid of food pollutants, and enhance flavor.
But as people's lifestyles change and their attention on fitness and health increases, these goods have found their way into people's diets as recommended dietary supplements. Projections indicate that the global fermented food and beverage market is expected to experience a CAGR of 8.1% from 2024 to 2034.
| Historical CAGR from 2019 to 2023 | 7.5% |
|---|---|
| Forecast CAGR from 2024 to 2034 | 8.1% |
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The provided table highlights the top five countries in terms of revenue, with Japan and South Korea leading the list.
Based on a comprehensive analysis, India presents a substantial opportunity due to the strong presence of fermented food and beverage manufacturers.
| Countries | Forecast CAGRs from 2024 to 2034 |
|---|---|
| The United States | 4.7% |
| Germany | 5.7% |
| China | 5.9% |
| Japan | 6.2% |
| India | 6.9% |
The fermented food and beverage market in the United States is expected to register a CAGR of 4.7%. Increasing demand for food and beverages that provide more health benefits is expected to drive the market demand in the United States.
Increasing consumer spending on fermented food and beverages, as they are high in probiotics and prebiotics, will continue to fuel the market expansion for fermented food and drink during the forecast period. The United States fermented food and beverages market is expanding significantly due to consumer desire for tasty, inventive, and healthful goods.
The fermented food and beverage market in Germany is expected to register a CAGR of 5.7%. The growth of the fermented food and beverage market in Germany is attributed to increasing awareness of the health and benefits of fermented food and beverage products.
Fermented food and beverage market expansion in Germany is further fueled by laws controlling the labeling and promotion of fermented foods and beverages since they give customers transparency and assurance in their purchases.
The fermented food and beverage industry is anticipated to develop in the upcoming years as consumer demand and awareness both rise in the country.
China's fermented food and beverage market is expected to register a CAGR of 5.9% during the forecast period. Increasing consumer awareness of health and wellness and a growing focus on the benefits of fermented food and beverages are driving the market demand in China.
Increasing consumer preference for convenience and ready-to-eat food and beverages is driving market growth in China. Growing consumer awareness, disposable income, and demand for healthier food options are also driving the market.
Japan's fermented food and beverage market is expected to register a CAGR of 6.2% between 2024 and 2034. The easy availability of a wide range of fermented food products in Japan to cater to a diverse range of tastes and preferences is fuelling the market growth.
The demand for fermented food is increasing in the country, as many fermented foods are rich in enzymes, probiotics, and vitamins that contribute to gut health.
The fermented food and beverage market in India is expected to register a CAGR of 6.9% between 2024 and 2034. The growth of the market in the country is attributed to growing demand for convenient and healthy food option.
The increasing consumer spending power, changing lifestyle and growing awareness of preventive healthcare are boosting the demand for fermented products in the country. Growing demand for natural and nutrient rich food among the consumer is also expected to fuel the market demand.
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The section below shows the leading segment. The alcoholic beverage segment is expected to account for a market share of 25.3% in 2024. Based on ingredient type, the probiotic segment is expected to have a share of 31.3%.
| Category | Market Share |
|---|---|
| Alcoholic Beverage | 25.3% |
| Probiotics | 31.3% |
The alcoholic beverage segment emerged as the dominant force in the fermented food and beverage market, commanding 25.3% of the total market share in 2024. Fermented alcoholic beverages fit well into the fermented food and beverage market; their cultural and historical relevance sustains their high demand.
Alcoholic drinks provide a complex sensory experience with taste, scents, and texture that can differ greatly according to components, fermentation technique, and aging procedures.
Based on ingredient type, the probiotic segment is expected to account for a market share of 31.3% in 2024.
As consumers become more conscious about the significance of gut health and how it affects general wellness, this has led to an increase in food and beverages promoting healthy digestion, such as probiotics items.
Probiotics are beneficial bacteria that support human health and function. Probiotics are essential for boosting immunity and shielding the body from harmful microorganisms.
The market players in the fermented food and beverage market are investing heavily in research and development to create innovative and unique products. The market players also focus on brand equity through effective packaging and marketing strategies.
| Attributes | Details |
|---|---|
| Estimated Market Size in 2024 | USD 575.6 billion |
| Projected Market Valuation in 2034 | USD 1.25 trillion |
| Value-based CAGR 2024 to 2034 | 8.1% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in USD billion |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East and Africa |
| Key Market Segments Covered | Ingredient Type, Fermentation Process, End Use, Region |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key Companies Profiled | Cargill Inc.; BASF SE; Archer Daniels Midland Company; Koninklijke DSM N.V.; Dupont De Nemours and Company; Fonterra Co-Operative Group Limited; Nestlé SA; Yakult; AB InBev |
As of 2024, the market for fermented food and beverage is expected to be valued at USD 575.6 billion.
By 2034, the market value of fermented food and beverage is expected to reach USD 1.25 trillion.
From 2024 to 2034, the fermented food and beverage market is expected to flourish at a CAGR of 8.1%
The probiotics segment is expected to account for a market share of 31.3% in 2024.
India is likely the top-performing markets, with a CAGR of 6.9%.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Ingredient Type 5.1. Prebiotics 5.2. Probiotics 5.3. Vitamins 5.4. Industrial Enzymes 5.5. Organic Acid 5.6. Amino Acids 5.7. Others 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Fermentation Process 6.1. Anaerobic Fermentation 6.2. Aerobic Fermentation 6.3. Continuous Fermentation 6.4. Batch Fermentation 6.5. Others 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use 7.1. Bakery & Confectionery 7.2. Dairy Products 7.3. Alcoholic Beverages 7.4. Non-alcoholic Beverages 7.5. Infant Formula 7.6. Dietary Supplements 7.7. Vegetables and Meat 7.8. Animal Feed Products 7.9. Fermented Chilli Sauce 7.10. Fermented Fish Sauce 7.11. Others 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Cargill, Inc. 18.2. BASF SE 18.3. Archer Daniels Midland Company 18.4. Koninklijke DSM N.V. 18.5. Dupont De Nemours and Company 18.6. Danone SA 18.7. Fonterra Co-Operative Group Limited 18.8. Nestlé SA 18.9. Yakult 18.10. AB InBev 19. Assumptions & Acronyms Used 20. Research Methodology
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