New York, NY -- (SBWIRE) -- 07/19/2017 -- Fermented Ingredients Market: Key Players
Some of the key players in the global fermented ingredients market are as follows:
Koninklijke DSM N.V
I. du Pont de Nemours and Company
Hansen Holding A/S
Angel Yeast Co. Ltd.
The fermentation process is being used in the formation of the number of ingredients to increase the shelf life and health benefits of food items. The fermented ingredients are nutritious, easily digestible and also helps in improving the flavor of the food product. In November 2016, Koninklijke DSM N.V Fermented ingredients are also used in animal feed to improve the nutritional value. They are also used in cosmetic products, owing to its anti-pollution and high emulsifying properties. For e.g. Exopolysaccharide (EPS) is a fermented ingredient obtained by fermentation of Antarctic bacterium which is used in skin care formulations. In the pharmaceutical industry, they are used in manufacturing anticancer cytotoxic vaccines and drugs, antibiotics, medicines for hormonal disorder etc. The fermented ingredients derived from starch are used for coating in the paper industry and in manufacturing adhesives.
Fermented Ingredients Market: Drivers and Restraints
The increasing consumer awareness regarding consumption of nutritious food products is expected to be the major driver for the growth of the global fermented ingredients market. The rapid growth of food and beverage industry in both developed and developing economies is expected to contribute to the global fermented ingredients market growth. The increasing demand for antibiotics and vaccines in developing economies is expected to drive the growth of the global fermented ingredients market. There is an increasing investment in the healthcare sector in APAC and African region. The wide applications of adhesives are expected to boost the growth of fermented ingredients market. Latin America and MEA are expected to project high CAGR during the forecast period, due to the growth of food and beverage industry in these regions.
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The global fermented ingredients market can be divided into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). North America accounts for the significant share in global fermented ingredients market. This is attributed to mature and well-established food and beverage industry in the region. The advancements in the pharmaceutical sector are anticipated to contribute to the growth of the fermented market in the region. The rising demand for animal and pet food in Western Europe is expected to increase the share of fermented ingredients market in the region. APEJ is anticipated to project high CAGR during the forecast period. The high population in the region has resulted in increasing demand for high quality and nutritious food. The region also accounts for the significant share in cosmetic products industry.
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