The growing popularity of fermented drinks can have a tremendous impact on the market, states Fortune Business Insights, in a report, titled “Fermented Food and Drinks Market Size, Share & Industry Analysis, By Type (Fermented Beverages, [Non-alcoholic, Alcoholic], Fermented Foods, [Vegetables, Dairy Products, Meat] Others), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail Stores, Others)and Regional Forecast, 2022-2029.” The growing number of health-conscious consumers are expected to foster the healthy growth of the market.
Introduction of New Kefir Culture to Stimulate Growth
The introduction of innovative products by prominent companies can have an outstanding effect on the market during the forecast period. For instance, in August 2018, DuPont de Numerous Inc. announced the launch of new kefir culture in the South American market. The new kefir culture ‘Choozit’ is based on the real freeze-dried kefir grains. The growing awareness about the benefits of fermented foods such as vegetables, meat, and dairy products is expected to promote the growth of the market. Moreover, the increasing health consciousness among populations is expected to aid the expansion of the market. Fermented food and drinks are rich sources of probiotics, offering several health benefits such as boosting immunity, improving gut health, weight management, preventing obesity, and others. Furthermore, fermentation not only provides fermented products an exclusive sensory attributes but also improves the nutritive value and digestibility of foods. The fermentation of the food and drinks improves the flavor and taste of the product.
However, the risk of contamination by non-desirable microbes results in adverse effects and toxicity, which, in turn, is expected to hamper the growth of the market.
Increasing R&D by Key Players to Reinforce Market
The key players operating in the market are focused on R&D and base expansions to increase their prominence in the market. For instance, in June 2018, Evolve Biosystems, Inc., announced the expansion of its Evolve’s infant probiotics product, Evivo, in the U.S. market and worldwide. The company received the funding of USD 40 Mn from the Bill and Melinda Gates Foundation and Horizons Ventures for the expansion of accessibility. Moreover, The increasing product launch by eminent companies can further bolster the healthy growth of the market in the forthcoming years. For instance, in October 2019, Bottlebrush Ferments, a London-based company expanded its product portfolio with the launch of new kimchi containing probiotics and gut-friendly enzymes to benefit the gut microflora.
The Global Fermented Food and Drinks Market Research/Analysis Report Contains Answers to your following Questions:
Which Manufacturing Technology is used for Fermented Food and Drinks? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Fermented Food and Drinks Market? What are Their Company Profile, Their Product Information, and Contact Information?
What Was Global Market Status of Fermented Food and Drinks Market? What Was Capacity, Production Value, Cost and PROFIT of Fermented Food and Drinks Market?
What Is Current Market Status of Fermented Food and Drinks Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Fermented Food and Drinks Market Trends by Taking Applications and Types in Consideration?
What Are Projections of Global Fermented Food and Drinks Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
What Is Fermented Food and Drinks Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is Economic Impact On Fermented Food and Drinks Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Fermented Food and Drinks Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Fermented Food and Drinks Industry?
Increasing Vegetarian Populationto Aid Expansion in North America
North America is expected to experience considerable growth owing to the increasing vegetarian population. The high consumption of probiotic-rich food can improve the prospects of the market in the region. The increasing product availability owing to the presence of prominent market players such as DuPont de Numerous Inc., PepsiCo Inc. can have an outstanding impact on the market in North America. The increasing product availability coupled with collaborations among key players can contribute significantly to the growth of the market. For instance, in October 2016, PepsiCo Inc. announced the complete acquisition of KeVita, a probiotic drink producer, and distributor. This acquisition will help PepsiCo to increase its footprint in the ferment drink market. The market in Asia Pacific is expected to rise tremendously owing to the leading producers of different kinds of fermented foods such as kimchi, tempeh, and others in China and South Korea. The consumer demand for healthy food products is expected to further promote the market in Asia Pacific.
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