North America Fermented Ingredient Market by Application and Geography - Forecast and Analysis 2022-2026

Published: Feb 2022 Pages: 120 SKU: IRTNTR72318

The fermented ingredient market share in North America is expected to increase by USD 1.18 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.04%.

This fermented ingredient market in North America research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the fermented ingredient market in North America segmentation by application (food and beverages, pharmaceuticals, and others) and geography (US, Canada, and Rest of North America). The North America fermented ingredient market report also offers information on several market vendors, including AngelYeast Co. Ltd., BASF SE, Cargill Inc., Chr. Hansen Holding AS, Dohler GmbH, International Flavors and Fragrances Inc., Kerry Group Plc, Koninklijke DSM NV, Lallemand Inc., and Lonza Group Ltd. among others.

What will the Fermented Ingredient Market Size in North America be During the Forecast Period?

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Fermented Ingredient Market in North America: Key Drivers, Trends, and Challenges

The growing aging population and health concerns are notably driving the fermented ingredient market growth in North America, although factors such as the need for adherence to stringent regulations and guidelines may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the fermented ingredient industry in North America. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Fermented Ingredient Market Driver in North America

One of the key factors driving the fermented ingredient market growth in North America is the growing aging population and health concerns. Factors such as the growing aging population, rising obesity levels, and the growing prevalence of old age diseases and diseases led by obesity and improper food intake are influencing people to consume healthy food items. The prevalence of health disorders such as diabetes, digestive disorders, allergies, and obesity has increased significantly in the past few years. With advancing age, the digestive system gets weakened, and immunity reduces. Therefore, to live a disease-free life, people are engaging in physical activities and choosing organic and healthy food items that are fermented using fermentation ingredients. As a result, the demand for healthy food items containing fermented ingredients is growing, which is driving the growth of the market in focus.

Key Fermented Ingredient Market Trend in North America

Another key factor driving the fermented ingredient market growth in North America is the growing demand for food processing applications. Enzymes such as protease, lipase, and carbohydrate are commonly used in meat products; bakery, dairy, and frozen food products; oils and fats; confectioneries; and others to keep the nutritional content intact due to the complexities in the global food supply chain. This has resulted in the increased adoption of fermented ingredients across numerous food applications, including frozen food manufacturing industries and packaged food units. Other factors such as the increasing penetration of organized retail in urban and rural areas will further drive the demand for fermented ingredients such as enzymes, thereby stimulating the growth of the market in focus during the forecast period.

Key Fermented Ingredient Market Challenge in North America

One of the key challenges to the fermented ingredient market growth in North America is the need for adherence to stringent regulations and guidelines. The chemical substances used for processing fermented ingredients are harmful to the environment if not disposed of properly. Thus, the manufacturing of fermented ingredients involves various processes, which are governed by several stringent rules and guidelines, especially in developed countries such as the US and Canada. For instance, in the US, the Food and Drug Administration (FDA) regulates the production and distribution of fermented ingredients. The US FDA provides Generally Recognized as Safe (GRAS) status to fermented ingredients for their legal use, sales, and distribution in the market. Compliance with these guidelines becomes a difficult task for manufacturers, which, in turn, is expected to hamper the market growth in North America during the forecast period.

This fermented ingredient market in North America analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the fermented ingredient market in North America as a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the fermented ingredient market in North America during the forecast period.

Who are the Major Fermented Ingredient Market Vendors in North America?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • AngelYeast Co. Ltd.
  • BASF SE
  • Cargill Inc.
  • Chr. Hansen Holding AS
  • Dohler GmbH
  • International Flavors and Fragrances Inc.
  • Kerry Group Plc
  • Koninklijke DSM NV
  • Lallemand Inc.
  • Lonza Group Ltd.

 

This statistical study of the North America fermented ingredient market encompasses successful business strategies deployed by the key vendors. The fermented ingredient market in North America is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Chr. Hansen Holding AS - The company offers innovative solutions for fermented beverages such as Viniflora and SmartBev.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The fermented ingredient market in North America forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Fermented Ingredient Market in North America Value Chain Analysis

Our report provides extensive information on the value chain analysis for the fermented ingredient market in North America, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global packaged foods and meats market includes the following core components:

  • Inputs
  • Inbound logistics
  • Primary processing
  • Secondary and tertiary processing
  • Outbound logistics
  • End-customers
  • Marketing and sales
  • Service
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Fermented Ingredient Market in North America?

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73% of the market's growth will originate from the US during the forecast period. Canada and Mexico are the other key markets for fermented ingredients in North America. However, market growth in the US will be slower than the growth of the market in Canada and the Rest of North America.

The significantly high demand for fermented ingredients in the consumer goods, pharmaceuticals, and food and beverages industries will facilitate the fermented ingredient market growth in the US over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The fermented ingredient market in the country witnessed certain challenges due to the COVID-19 pandemic in 2020 and in early 2021. The US has been among the worst-hit countries by the pandemic. For instance, as of January 31, 2022, there were 74 million COVID-19 cases in the US. However, in H2 2021, the market in focus in the US started recovering from the negative and short-term impact of the COVID-19 pandemic. With the availability of COVID-19 vaccines and the ramping up of vaccination drives by the government, the disruptions triggered by the pandemic, such as the supply-demand imbalance, scarcity of raw materials, non-availability of workers, and others, have been decreased. Considering these factors, the demand for fermented ingredients will increase in the country during the forecast period.

What are the Revenue-generating Application Segments in the Fermented Ingredient Market in North America?

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The fermented ingredient market share growth in North America by the food and beverages segment will be significant during the forecast period. The growth is attributed to the significant increase in demand for fermented ingredients from the food and beverages industry to enhance the flavor and nutritional value of food items, ease digestion and increase the shelf-life of food items. The ingredients are widely used in the production of beer, cheese, yogurt, and bread.

This report provides an accurate prediction of the contribution of all the segments to the growth of the fermented ingredient market size in North America and actionable market insights on post COVID-19 impact on each segment.

 

Fermented Ingredient Market Scope in North America

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 3.04%

Market growth 2022-2026

$ 1.18 billion

Market structure

Fragmented

YoY growth (%)

2.72

Regional analysis

North America

Performing market contribution

US at 73%

Key consumer countries

US, Canada, and Mexico

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AngelYeast Co. Ltd., BASF SE, Cargill Inc., Chr. Hansen Holding AS, Dohler GmbH, International Flavors and Fragrances Inc., Kerry Group Plc, Koninklijke DSM NV, Lallemand Inc., and Lonza Group Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Fermented Ingredient Market in North America Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive fermented ingredient market growth in North America during the next five years
  • Precise estimation of the fermented ingredient market size in North America and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the fermented ingredient industry in North America 
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of fermented ingredient market vendors in North America 

We can help! Our analysts can customize this report to meet your requirements. Get in touch

***1. Executive Summary                         

               **1.1     Market Overview            

                              *Exhibit 01:  Key Finding 1

                              *Exhibit 02:  Key Finding 2

                              *Exhibit 03:  Key Finding 3

                              *Exhibit 04:  Key Finding 5

                              *Exhibit 05:  Key Finding 6

                              *Exhibit 06:  Key Finding 7

***2. Market Landscape             

                **2.1 Market ecosystem            

                              *2.1.1 Parent Market

                              *Exhibit 07  Parent market

                              *Exhibit 08:  Market characteristics

               **2.2 Value Chain Analysis          

                              *Exhibit 09:  Value Chain Analysis: ackaged Foods and Meat

                              *2.2.1    Inputs

                              *2.2.2    Inbound logistics

                              *2.2.3    Primary processing

                              *2.2.4    Secondary and tertiary processing

                              *2.2.5    Outbound logistics

                              *2.2.6    End-customers

                              *2.2.7    Marketing and sales

                              *2.2.8    Services

                              *2.2.9    Innovations

***3. Market Sizing                      

               **3.1 Market definition

                              *Exhibit 11:  Offerings of vendors included in the market definition

               **3.2 Market segment analysis  

                              *Exhibit 12:  Market segments

               **3.3 Market size 2021 

               **3.4 Market outlook: Forecast for 2021 - 2026 

                              *3.4.1Estimating growth rates for emerging and high-growth markets

                              *3.4.2Estimating growth rates for mature markets

                              *Exhibit 13:  Global - Market size and forecast 2021 - 2026 ($ million)

                              *Exhibit 14:  Global market: Year-over-year growth 2021 - 2026 (%)

***4. Five Forces Analysis                         

               **4.1 Five Forces Summary         

                              *Exhibit 15:  Five forces analysis 2021 - 2026

               **4.2 Bargaining power of buyers            

                              *Exhibit 16: Bargaining power of the buyer

               **4.3 Bargaining power of suppliers        

                              *Exhibit 17: Bargaining power of the supplier

               **4.4 Threat of new entrants     

                              *Exhibit 18: Threat of new entrants

               **4.5 Threat of substitutes          

                              *Exhibit 19: Threat of substitutes

               **4.6 Threat of rivalry   

                              *Exhibit 20: Threat of rivalry

               **4.7 Market condition 

                              *Exhibit 21: Market condition - Five forces 2021

***5. Market Segmentation by  Application       

                   **5.1 Market segments           

                              *Exhibit 22:  Application- Market share 2021 - 2026 (%)

               **5.2 Comparison by Application             

                              *Exhibit 23:  Comparison by Application

               **5.3 Food and beverages - Market size and forecast 2021-2026

                              *Exhibit 24:  Food and beverages - Market size and forecast 2021-2026 ($ million)

                              *Exhibit 25:  Food and beverages - Year-over-year growth 2021-2026 (%)

               **5.4 Pharmaceuticals - Market size and forecast 2021-2026       

                              *Exhibit 26:  Pharmaceuticals - Market size and forecast 2021-2026 ($ million)

                              *Exhibit 27:  Pharmaceuticals - Year-over-year growth 2021-2026 (%)

               **5.5 Others - Market size and forecast 2021-2026          

                              *Exhibit 28:  Others - Market size and forecast 2021-2026 ($ billion)

                              *Exhibit 29:  Others - Year-over-year growth 2021-2026 (%)

               **5.6 Market opportunity by Application              

                              *Exhibit 30:  Market opportunity byApplication

***6. Customer landscape                        

                              *Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

               **6.1 Overview

                              *Exhibit 31:  Customer landscape

***7. Geographic Landscape                    

               **7.1 Geographic segmentation

                              *Exhibit 32:  Market share by geography 2021-2026 (%)

               **7.2 Geographic comparison    

                              *Exhibit 33:  Geographic comparison

               **7.3 US - Market size and forecast 2021-2026   

                              *Exhibit 34:   US - Market size and forecast 2021-2026($ billion)

                              *Exhibit 35:  US - Year-over-year growth 2021-2026 (%)

               **7.4 Canada - Market size and forecast 2021-2026         

                              *Exhibit 36: Canada - Market size and forecast 2021-2026($ billion)

                              *Exhibit 37: Canada - Year-over-year growth 2021-2026 (%)

               **7.5 Rest of North America - Market size and forecast 2021-2026           

                              *Exhibit 38:  Rest of North America - Market size and forecast 2021-2026 ($ billion)

                              *Exhibit 39:  Rest of North America - Year-over-year growth 2021-2026(%)

               **7.6 Market opportunity by geography

                              *Exhibit 40:  Market opportunity by geography ($ billion)

***8. Drivers, Challenges, and Trends                  

               **8.1 Market drivers      

                              *8.1.1    Growing aging population and health concerns

                              *8.1.2    Significant rise in new product launches

                              *8.1.3    Wide applications of enzymes across industries

               **8.2 Market challenges              

                              *8.2.1    Need for adherence to stringent regulations and guidelines

                              *8.2.2    High prices of raw materials and products

                              *8.2.3    Intense competition among vendors

                              *Exhibit 41:  Impact of drivers and challenges

               **8.3 Market trends      

                              *8.3.1    Growing demand from food processing applications

                              *8.3.2    Higher prevalence of digestive disorders

                              *8.3.3    Increased use of fermented ingredients in nutricosmetics and probiotic cosmetic product

***9. Vendor Landscape                            

               **9.1 Overview

                              *Exhibit 42:  Vendor landscape

               **9.2 Landscape disruption         

                              *Exhibit 43:  Landscape disruption

                              *Exhibit 44: Industry Risk

               **9.3 Competitive Scenario        

***10. Vendor Analysis               

               **10.1 Vendors covered              

                              *Exhibit 45: Vendors covered

               **10.2 Market positioning of vendors    

                              *Exhibit 46: ?Market positioning of vendors?

               **10.3 AngelYeast Co. Ltd.          

                              *Exhibit 47:  AngelYeast Co. Ltd. - Overview

                              *Exhibit 48:  AngelYeast Co. Ltd. - Product and service

                              *Exhibit 49:  AngelYeast Co. Ltd. - Key offerings

               **10.4 BASF SE 

                              *Exhibit 50:  BASF SE - Overview

                              *Exhibit 51:  BASF SE - Business segments

                              *Exhibit 52:  BASF SE - Key offerings

                              *Exhibit 53:  BASF SE - Segment focus

               ** 10.5 Cargill Inc.          

                              *Exhibit 54:  Cargill Inc. - Overview

                              *Exhibit 55:  Cargill Inc. - Product and service

                              *Exhibit 56:  Cargill Inc. - Key offerings

                              *10.6 Chr. Hansen Holding AS

                              *Exhibit 57:  Chr. Hansen Holding AS - Overview

                              *Exhibit 58:  Chr. Hansen Holding AS - Business segments

                              *Exhibit 59:  Chr. Hansen Holding AS – Key news

                              *Exhibit 60:  Chr. Hansen Holding AS - Key offerings

                              *Exhibit 61:  Chr. Hansen Holding AS - Segment focus

               **10.7 Dohler GmbH     

                              *Exhibit 62:  Dohler GmbH - Overview

                              *Exhibit 63:  Dohler GmbH - Product and service

                              *Exhibit 64:  Dohler GmbH - Key offerings

               **10.8 International Flavors and Fragrances Inc.               

                              *Exhibit 65:  International Flavors and Fragrances Inc.  - Overview

                              *Exhibit 66:  International Flavors and Fragrances Inc.  - Business segments

                              *Exhibit 67:  International Flavors and Fragrances Inc.  - Key offerings

                              *Exhibit 68:  International Flavors and Fragrances Inc.  - Segment focus

               **10.9 Kerry Group Plc 

                              *Exhibit 69:  Kerry Group Plc - Overview

                              *Exhibit 70:  Kerry Group Plc - Business segments

                              *Exhibit 71:  Kerry Group Plc - Key offerings

                              *Exhibit 72:  Kerry Group Plc - Segment focus

               **10.10 Koninklijke DSM NV      

                              *Exhibit 73:  Koninklijke DSM NV - Overview

                              *Exhibit 74:  Koninklijke DSM NV - Business segments

                              *Exhibit 75:  Koninklijke DSM NV - Key offerings

                              *Exhibit 76:  Koninklijke DSM NV - Segment focus

               **10.11 Lallemand Inc. 

                              *Exhibit 77:  Lallemand Inc. - Overview

                              *Exhibit 78:  Lallemand Inc. - Product and service

                              *Exhibit 79:  Lallemand Inc. - Key offerings

               **10.12 Lonza Group Ltd.           

                              *Exhibit 80:  Lonza Group Ltd. - Overview

                              *Exhibit 81:  Lonza Group Ltd. - Product and service

                              *Exhibit 82:  Lonza Group Ltd. - Key offerings

***11. Appendix                           

               **11.1 Scope of the report         

                              *11.1.1 ????Market definition

                              *11.1.2 ????Objectives

                              *11.1.3 ????Notes and caveats

               **11.2 Currency conversion rates for US$            

                              *Exhibit 83: ?Currency conversion rates for US$?

               **11.3 Research Methodology   

                              *Exhibit 84: ?Research Methodology

                              *Exhibit 85: ??Validation techniques employed for market sizing?

                              *Exhibit 86: ??Information sources

               **11.4 List of abbreviations        

                              *Exhibit 87: List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Key Questions Answered

  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?

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