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Global Fermented Products Market Size Study, by Type (Fermented Food, Fermented Beverage), by Application (Residential, Commercial), by Distribution Channel (Offline Channels, Online Channels), and Regional Forecasts 2024-2032

Global Fermented Products Market Size Study, by Type (Fermented Food,...

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Global Fermented Products Market Size Study, by Type (Fermented Food, Fermented Beverage), by Application (Residential, Commercial), by Distribution Channel (Offline Channels, Online Channels), and Regional Forecasts 2024-2032
Global Fermented Products Market Size...
Report Code
RO7/103/1750

Publish Date
06/Nov/2024

Pages
200
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The global Fermented Products Market was valued at approximately USD 54.76 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.3% from 2024 to 2032. Fermentation, a metabolic process that utilizes microorganisms such as bacteria, yeast, or mold to convert sugars and other nutrients into organic acids, alcohols, and gases, plays a crucial role in the production of various food and beverages. This process not only enhances the flavor, texture, and nutritional value of food but also preserves it, making fermentation a cornerstone of the global food industry. The rising consumer interest in health and wellness has significantly driven the demand for fermented products, as these foods are rich in probiotics, which are beneficial for gut health and overall well-being.

Consumers are increasingly seeking out foods that offer functional health benefits beyond basic nutrition, and fermented products fit this criterion perfectly. The probiotics found in fermented foods help maintain a balanced gut microbiota, which is linked to a strong immune system, thereby increasing the demand for these products. Additionally, fermented foods are becoming more popular among consumers with dietary restrictions, such as those who are lactose intolerant or gluten-sensitive, as these foods offer allergen-friendly alternatives. However, the market faces challenges related to maintaining consistent product quality in large-scale production, as the fermentation process is highly sensitive to factors like temperature, humidity, and time. Despite these challenges, the market continues to expand as manufacturers innovate and develop new fermented food and beverage products to meet evolving consumer preferences.

The market is segmented by type, application, distribution channel, and region. Fermented food dominated the market in 2022 and is expected to remain the leading segment throughout the forecast period, driven by the popularity of products like yogurt, kimchi, and pickles. Residential applications are also gaining traction, with more consumers experimenting with homemade fermented foods, further fueling market growth. Offline channels remain the dominant distribution channel, as consumers prefer purchasing fermented products from physical stores, although online channels are expected to grow at a significant pace due to the convenience they offer.

The key regions considered in the study include Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Regionally, North America held the largest share of the fermented products market in 2023 driven by a health-conscious population and a wide variety of fermented foods available in the region. The Asia-Pacific region is expected to witness the highest growth rate, supported by the region's rich tradition of fermented foods and increasing consumer awareness of their health benefits.

Major market players included in this report are:
Arla Foods amba
Danone S.A.
General Mills, Inc.
Gujarat Cooperative Milk Marketing Federation Ltd. (Amul)
Juhayna Food Industries S.A.E.
Lactalis Corporation
Marmum Dairy
Meiji Holdings Co., Ltd.
Nestle S.A.
Royal FrieslandCampina N.V.
Schreiber Foods Inc.
Again Drinks
DANA Dairy Group Ltd.
National Dairy Development Board
Chobani, LLC
The detailed segments and sub-segment of the market are explained below:
By Type:
Fermented Food
Fermented Beverage
By Application:
Residential
Commercial
By Distribution Channel:
Offline Channels
Online Channels
By Region:
North America:
U.S.
Canada
Europe:
UK
Germany
France
Italy
Spain
Rest of Europe
Asia Pacific:
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America:
Brazil
Mexico
Rest of Latin America
Middle East & Africa:
Saudi Arabia
South Africa
Rest of Middle East & Africa
Years considered for the study are as follows:
Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approaches.
Analysis of the competitive structure of the market.
Demand-side and supply-side analysis of the market.

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