The fermented flavors market is expected to be valued at USD 6.6 billion in 2023 and is projected to grow to USD 10.9 billion by 2033, with an anticipated compound annual growth rate (CAGR) of 5.2% during this period.
With changing dietary patterns, the fermented flavors market is poised for significant growth during the forecast period.
A key driver of this market is consumers’ increasing awareness of the health benefits associated with fermented products. Additionally, there is a rising demand for specialty foods and artisanal offerings.
There is a growing demand for fermented vegetable juices, which often feature floral flavors. Many of these juices incorporate unique herb combinations and spices. The health benefits of these products include boosting immunity, improving digestive health, and aiding detoxification. Various ingredients are being used to develop innovative combinations and flavors.
Future Market Insights has explored these trends and future perspectives in its latest study titled “Fermented Flavors Market.” The report is backed by a dedicated team of analysts and consultants employing a bottom-up approach through primary, secondary, and tertiary research methods.
Key Takeaways from Fermented Flavors market
- North America holds the largest market share with an ever-increasing intake of processed food coupled with demand for the fermented foodstuff with new flavors as well as nutritional value.
- Europe is expected to grow in fermented flavors market on the back of exponential technological innovation in food processing vertical. Plus, clean-label products are being increasingly asked for along with natural additives.
- The Asia-Pacific is expected to grow at the fastest rate in the in the fermented flavors market due to huge consumer base coupled with growing potential for food service sector in region.
Fermented Flavours Market: Key Players
Some key manufacturers functioning in business in fermented flavours market includes
- V8
- Great Value
- Balthouse Farms
- Suja
- R.W. Knudsen Family
- Campbell’s
- Juicy Juice Lakewood
- Biotta
- Beetology
- Howards and many others.
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Fermented Flavours Market: Market Segmentation
Based on Application:
- Food
- Beverages
- Alcoholic Beverage
- Non-Alcoholic Beverage
- Feed
- Pharmaceutical
Based on Type:
- Acetic Acid Bacteria
- Lactic Acid Bacteria
Based on the Region:
- North America
- USA and Canada
- Latin America
- Mexico, Brazil, Peru, Chile, and others
- Western Europe
- Germany, United Kingdom, France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg
- Eastern Europe
- Poland and Russia
- Asia Pacific
- China, India, Japan, ASEAN, Australia, and New Zealand
- The Middle East and Africa
- GCC, Southern Africa, and North Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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