Global Fermented Processed Food Market Size To Exceed USD 197.5 Billion by 2033 | CAGR of 6.54%
Category: Food & BeveragesGlobal Fermented Processed Food Market Size To Exceed USD 197.5 Billion by 2033
According to a research report published by Spherical Insights & Consulting, the Global Fermented Processed Food Market is Expected to Grow from USD 104.82 Billion in 2023 to USD 197.5 Billion by 2033, at a CAGR of 6.54% during the forecast period 2023-2033.
Get more details on this report -
Browse key industry insights spread across 220 pages with 111 Market data tables and figures & charts from the report on the " Global Fermented Processed Food Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Dairy Products, Bread and Bakery Products, Vegetables, Condiments, Beverages), By Microorganism Type (Bacteria, Yeast, Mold), By Distribution Channel (Supermarkets, Convenience Stores, Online Retail, Specialty Stores), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/fermented-processed-food-market
Fermented processed foods are the industry in their production, distribution, and consumption, in which food products undergo fermentation in the process of preparing them. Fermentation is essentially a natural metabolic process in which microorganisms, such as bacteria, yeasts, and molds, break down food components (sugars or starches, for instance) into simpler compounds, giving products that commonly come with improved flavors, textures, and nutritional profiles. Moreover, processed foods that are fermented, particularly shelf-stable items that keep longer, have an appeal for busy consumers seeking products that last longer. Food product extenders often don't require added artificial preservatives, as fermentation is an effective method for extending shelf life. However, fermentation can be a time-consuming process that requires specific equipment and expertise. For some manufacturers, that translates to a higher cost of production, and with most of these products having increased prices for buyers, this can limit their market growth towards price-conscious buyers. Some fermented food items can be allergenic, such as gluten in sourdough, dairy in yogurt and kefir, or soy in tempeh or miso. Consumers with food allergies or sensitivities may not be able to enjoy certain fermented foods, thereby limiting the size of the potential market.
The dairy products segment dominated the market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the product type, the fermented processed food market is divided into dairy products, bread and bakery products, vegetables, condiments, and beverages. Among these, the dairy products segment dominated the market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The segmental growth is due to dairy foods, like yogurt, kefir, or some cheeses, which naturally contain probiotics. Probiotics support digestion, build the immune system, and offer a slew of other health benefits, so consumers are turning to these food products more frequently. Consumers are becoming enlightened about gut health and the role probiotics play, and with it comes the increased demand for dairy products that carry live and active cultures.
The bacteria segment accounted for the largest share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the microorganism type, the fermented processed food market is divided into bacteria, yeast, and mold. Among these, the bacteria segment accounted for the largest share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth is driven by bacteria found in fermented food, which promote several health benefits, including digestion improvement, better gut health, activated immune function, and possible mental health benefits. Greater consumer awareness about these advantages is stimulating demand for products containing good bacteria.
The supermarkets segment accounted for the biggest share in 2023 and is expected to grow at a substantial CAGR during the forecast period.
Based on the distribution channel, the fermented processed food market is divided into supermarkets, convenience stores, online retail, and specialty stores. Among these, the supermarkets segment accounted for the biggest share in 2023 and is expected to grow at a substantial CAGR during the forecast period. The growth is attributed to supermarkets bringing one-stop shopping to consumers, as the consumers can pick up fermented products along with everyday essentials. Many people opt for supermarkets and then find all the food they need under one roof, which also includes fermented products such as cheeses, yogurts, pickles, and fermented beverages such as kefir or kombucha.
North America holds the majority share of the global fermented processed food market during the forecast period.
Get more details on this report -
North America holds the majority share of the global fermented processed food market during the forecast period. Interest among consumers of functional foods is rising, including fermented food, which presents some health benefits: better digestion, better gut, and a combination of improved nutrient availability or digestibility in both humans and livestock. Richly probiotic sources of nutrition come in yogurt, kefir, and kombucha, to which consumers seek alternatives to enrich wellness. North America is an established region with a very long history of dairy consumption, which makes its products, such as yogurt, cheese, and kefir, a strong component of this market.
Asia Pacific is estimated to grow at the fastest pace in the global fermented processed food market during the forecast period. Consumers in these regions increasingly pay attention to their health and wellness, driven by awareness related to gut health and probiotics. This spurs demand for products such as kombucha, yogurt, and fermented vegetables, among others. A culturally familiar environment combined with increased awareness about health for the ever-expanding middle-class consumers in the Asia-Pacific is one reason the region represents the most significant area for fermented processed foods growth.
Major vendors in the global fermented processed food market are Nestlé, Danone, The Coca-Cola Company, PepsiCo, Anheuser-Busch InBev, Heineken, Mondelez International, Kraft Heinz, Unilever, Fonterra Co-operative Group, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In March 2022, Danone revealed its innovation landing in grocery coolers, as it launched a new drinkable yogurt, announced to support greater gut health and immunity, that is Activia+ Multi-Benefit Probiotic Yogurt Drinks. Coming packed with billions of live and active probiotics, Activia+ is a great source of 20% of DV of vitamins C, D, and zinc, all vital for supporting an immune system.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the fermented processed food market based on the below-mentioned segments:
Global Fermented Processed Food Market, By Product Type
- Dairy Products
- Bread and Bakery Products
- Vegetables
- Condiments
- Beverages
Global Fermented Processed Food Market, By Microorganism Type
- Bacteria
- Yeast
- Mold
Global Fermented Processed Food Market, By Distribution Channel
- Supermarkets
- Convenience Stores
- Online Retail
- Specialty Stores
Global Fermented Processed Food Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa.
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?