The Fermented Foods and Beverages Market to Reach $1,001.58 Billion by 2030
According to a new market research report titled, ‘Fermented Foods & Beverages Market by Product (Fermented Foods {Dairy Products, Vegetables}, Fermented Beverages {Alcoholic, Non-alcoholic}), Ingredient (Probiotics, Amino Acids), and Distribution Channel (Convenience Stores, E-commerce)—Global Forecast to 2030,’ the fermented foods and beverages market is projected to reach $1,001.58 billion by 2030, at a CAGR of 6.3% during the forecast period 2023–2030.
Fermented foods and beverages are foods and beverages produced through controlled microbial growth and fermentation. In fermentation, live microorganisms are used to modulate and process plant-derived ingredients, resulting in products with unique flavors and nutritional profiles and modified textures. In the process of fermentation, several chemical changes occur in the components of the raw matrix, which results in products with improved nutritional properties and health effects. A higher bioactive molecule content and enhanced antioxidant activity are found in fermented milk, cereals, fruits & vegetables, meat, and fish. Thus, the key market players have been incorporating fermented fruits and vegetables into their products.
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In the past few years, the fermented foods and beverages market has witnessed a rise in the number of new product launches. For instance, in November 2022, Arla Foods Ingredients Group P/S (Denmark) launched a whey-based solution for fermented beverages, allowing manufacturers to use it with thermophilic cultures for fermented drinks or mesophilic cultures for kombucha-style beverages.
The fermented foods and beverages market study presents historical market data in terms of values (2021 and 2022), estimated current data (2023), and forecasts for 2030—by product (fermented foods {dairy products {yogurt, kefir, cheese, sour cream, and other fermented dairy products}, bakery and confectionery products {breads, cakes, and other bakery and confectionery products}, vegetables, meat and seafood, and other fermented foods}, fermented beverages {alcoholic beverages {wine, beer, and other alcoholic beverages}, non-alcoholic beverages {juices, herbal tea, and other non-alcoholic beverages}), ingredient (probiotics, amino acids, organic acids, vitamins, industrial enzymes, and other ingredients), and distribution channel (supermarkets & hypermarkets, convenience stores, specialty stores, E-commerce, and other distribution channels). The study evaluates industry competitors and analyzes the market at the regional and country levels.
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Key Findings in the Fermented Foods and Beverages Market Study
Based on product, the market is primarily segmented into fermented foods and fermented beverages. The fermented beverages segment is projected to register the higher CAGR during the forecast period of 2023–2030, owing to the increasing preference for fermented beverages such as Kvass, Kombucha, and Kefir due to their health benefits, the growing demand for alcoholic beverages, and increased consumer health consciousness. In addition, the growing demand for alcoholic beverages such as wine and beer is further expected to support the growth of this market during the forecast period.
Based on ingredient, in 2023, the probiotics segment is expected to account for the largest share of the fermented foods and beverages market. The large market share of this segment is mainly attributed to the increased consumer awareness about the health benefits of probiotics, such as improved digestive health, immune health, and weight management, and rising health & wellness trends.
Based on distribution channel, the fermented foods and beverages market is segmented into supermarkets & hypermarkets, convenience stores, specialty stores, E-commerce, and other distribution channels. The E-commerce segment is projected to register the highest CAGR during the forecast period 2023–2030. The high growth of this segment is attributed to the benefits of the E-commerce sales channel, such as the availability of a wide range of products, ease of access and affordability, higher discounts than offline stores, and home delivery services.
Based on geography, the fermented foods and beverages market is segmented into five major geographies: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The market in North America is slated to register the fastest growth during the forecast period 2023–2030, owing to the growing vegan population and rising consumer preference for plant-based foods. Moreover, the rising demand for probiotic-rich food and drinks, growing awareness about the health benefits of fermented vegetables, technological advancements in food fermentation, and the growing trend of plant-based snacking among consumers are further expected to boost the demand for fermented food and beverage products in the region during the forecast period.
Key Players
The key players operating in the fermented foods and beverages market include Anheuser-Busch InBev NV/SA (Belgium), Archer Daniels Midland Co. (U.S.), BASF SE (Germany), Cargill, Incorporated (U.S.), Chr. Hansen Holding A/S (Denmark), Constellation Brands, Inc. (U.S.), Cosmos Food Co., Inc. (U.S.), Danone S.A. (France), Fonterra Co-operative Group Limited (New Zealand), International Flavors & Fragrances Inc. (U.S.), Koninklijke DSM N.V. (Netherlands), Nestle S.A. (Switzerland), PepsiCo, Inc. (U.S.), and Yakult Honsha Co., Ltd. (Japan).
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Scope of the Report:
Fermented Foods and Beverages Market, by Product
· Fermented Foods
o Dairy Products
§ Yogurt
§ Kefir
§ Cheese
§ Sour Cream
§ Other Fermented Dairy Products
o Bakery and Confectionery Products
§ Breads
§ Cakes
§ Other Bakery and Confectionery Products
o Vegetables
o Meat and Seafood
o Other Fermented Foods
· Fermented Beverages
o Alcoholic Beverages
§ Wine
§ Beer
§ Other Alcoholic Beverages
o Non- alcoholic Beverages
§ Juices
§ Herbal Tea
§ Other Non-alcoholic Beverages
Fermented Foods and Beverages Market, by Ingredient
· Probiotics
· Amino Acids
· Organic Acids
· Vitamins
· Industrial Enzymes
· Other Ingredients
Fermented Foods and Beverages Market, by Distribution Channel
· Supermarkets & Hypermarkets
· Convenience Stores
· Specialty Stores
· E-commerce
· Other Distribution Channels
Fermented Foods and Beverages Market, by Geography
· North America
o U.S.
o Canada
· Europe
o France
o Germany
o Italy
o U.K.
o Spain
o Rest of Europe
· Asia-Pacific (APAC)
o China
o India
o Japan
o Australia
o South Korea
· Latin America
o Brazil
o Mexico
o Rest of Latin America (RoLATAM)
· Middle East & Africa
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