Market Size of Europe Fermented Ingredients Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.80 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Fermentation Ingredients Market Analysis
The European fermented ingredients market is projected to register a CAGR of 7.8% during the forecast period, (2022-2027).
Fermented Ingredient Market is quickly reaching its pre-COVID 19 levels. A healthy growth rate is expected over the forecast period, driven by the V-shaped recovery in most developing nations. Lockdowns across the globe in 2020 and continuing restrictions in 2021 disrupted the supply chain posing challenges for manufacturers in the Fermented Ingredient Market. Intense competition, pricing issues, and shifting consumer preferences will continue to pressure vendors' profit margins.
The consumers' inclination toward using fermented food and ingredients is increasing, due to the benefits of such ingredients to the human digestive system, further helping increase immunity and brain functions.
The convenient and advanced production process of bioactive biomolecules, which has various industrial applications in the food and beverage industry, is driving market growth in Europe.
