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:
By Distribution Channel:
- Offline Channels
- Online Channels
By Region:
North America:
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.
Table of Contents
Chapter 1. Global Fermented Products Market Executive Summary
- 1.1. Global Fermented Products Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Application
- 1.3.3. By Distribution Channel
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Fermented Products Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Fermented Products Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Health and Wellness Trends
- 3.1.2. Consumer Demand for Probiotics
- 3.1.3. Innovations in Product Development
- 3.2. Market Challenges
- 3.2.1. Quality Control Issues
- 3.2.2. Large-Scale Production Difficulties
- 3.3. Market Opportunities
- 3.3.1. Expansion in Non-Dairy Alternatives
- 3.3.2. Growth in Home Fermentation Trends
- 3.3.3. Introduction of New Fermented Products
Chapter 4. Global Fermented Products Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top investment opportunity
- 4.4. Top winning strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Fermented Products Market Size & Forecasts by Type 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Fermented Products Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Fermented Food
- 5.2.2. Fermented Beverage
Chapter 6. Global Fermented Products Market Size & Forecasts by Application 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global Fermented Products Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Residential
- 6.2.2. Commercial
Chapter 7. Global Fermented Products Market Size & Forecasts by Distribution Channel 2022-2032
- 7.1. Segment Dashboard
- 7.2. Global Fermented Products Market: Distribution Channel Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Offline Channels
- 7.2.2. Online Channels
Chapter 8. Global Fermented Products Market Size & Forecasts by Region 2022-2032
- 8.1. North America Fermented Products Market
- 8.1.1. U.S. Fermented Products Market
- 8.1.1.1. Type breakdown size & forecasts, 2022-2032
- 8.1.1.2. Application breakdown size & forecasts, 2022-2032
- 8.1.1.3. Distribution Channel breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Fermented Products Market
- 8.1.3. Mexico Fermented Products Market
- 8.2. Europe Fermented Products Market
- 8.2.1. UK Fermented Products Market
- 8.2.2. Germany Fermented Products Market
- 8.2.3. France Fermented Products Market
- 8.2.4. Italy Fermented Products Market
- 8.2.5. Spain Fermented Products Market
- 8.2.6. Netherlands Fermented Products Market
- 8.2.7. Rest of Europe Fermented Products Market
- 8.3. Asia-Pacific Fermented Products Market
- 8.3.1. China Fermented Products Market
- 8.3.2. Japan Fermented Products Market
- 8.3.3. India Fermented Products Market
- 8.3.4. South Korea Fermented Products Market
- 8.3.5. Australia Fermented Products Market
- 8.3.6. Rest of Asia-Pacific Fermented Products Market
- 8.4. LAMEA Fermented Products Market
- 8.4.1. Brazil Fermented Products Market
- 8.4.2. Argentina Fermented Products Market
- 8.4.3. Saudi Arabia Fermented Products Market
- 8.4.4. United Arab Emirates Fermented Products Market
- 8.4.5. South Africa Fermented Products Market
- 8.4.6. Rest of LAMEA Fermented Products Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Arla Foods amba
- 9.3.2. Danone S.A.
- 9.3.3. General Mills, Inc.
- 9.3.4. Gujarat Cooperative Milk Marketing Federation Ltd. (Amul)
- 9.3.5. Juhayna Food Industries S.A.E.
- 9.3.6. Lactalis Corporation
- 9.3.7. Marmum Dairy
- 9.3.8. Meiji Holdings Co., Ltd.
- 9.3.9. Nestle S.A.
- 9.3.10. Royal FrieslandCampina N.V.
- 9.3.11. Schreiber Foods Inc.
- 9.3.12. Again Drinks
- 9.3.13. DANA Dairy Group Ltd.
- 9.3.14. National Dairy Development Board
- 9.3.15. Chobani, LLC
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes