Fermented Foods Market was valued at USD 150 Billion in 2022 and is projected to reach USD 250 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The global fermented foods market was valued at approximately USD 600 billion in 2022, and it is projected to experience a compound annual growth rate (CAGR) of 8.5% from 2023 to 2028. This growth is driven by increasing consumer awareness of health benefits associated with fermented products, including improved digestion and immune system support. The market encompasses a wide range of products such as yogurt, kefir, kimchi, and kombucha, each contributing to its expansion. The rise in demand for probiotic-rich foods, coupled with a growing trend towards natural and organic ingredients, is expected to bolster the market's upward trajectory in the coming years.
Emerging market opportunities are particularly notable in regions like Asia-Pacific and Latin America, where traditional fermented foods are integral to local diets. In these areas, there is an increasing trend towards modernizing traditional recipes and introducing them to broader consumer bases. Additionally, the growing inclination towards plant-based and dairy-free alternatives is opening new avenues for product innovation within the fermented foods sector. These regional dynamics and evolving consumer preferences present substantial growth opportunities for industry players looking to capitalize on emerging trends and expanding markets.
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Danone
Nestlé
Kraft Heinz
General Mills
KeVita (PepsiCo)
FrieslandCampina
Cargill
DSM
Unilever
Hain Celestial
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Fermented Foods Market
Super Market/Hyper Markets
Health Stores
Online Stores
Others
Based on Types the Market is categorized into Below types that held the largest Fermented Foods market share In 2023.
Dairy Products
Fermented Beverages
Confectionery & Bakery
Meat & Fish
Fermented Vegetables & Fruits
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Fermented Foods Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Fermented Foods Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Fermented Foods Market, By Type
6. Global Fermented Foods Market, By Application
7. Global Fermented Foods Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Fermented Foods Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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