San Francisco, California, November 06, 2018: A report by TMR Research, titled, “Fermented Ingredients Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025,” finds that market is currently being buoyed by a number of end use segments. Most prominent of those is the bio-ethanol industry. With rising thrust on curbing pollution by promoting eco-friendly products, bio-ethanol is increasingly being used to supplant the highly polluting petrol. Bioethanol is produced by fermenting sugar.
The flourishing food and beverage industry too is playing a key role in driving demand in the global fermented ingredients market. This is because of the rising awareness about the usage of quality fermented ingredients for food preservation and upping the shelf life. The pharmaceutical and personal care industries too are serving to boost demand. Posing a challenge to the global fermented ingredients market, on the other hand, is the uncertainty in availability of raw materials. Other deterrents include steep operating costs and high upfront capital required. This is negatively impacting the profit margins.
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With respect to geography, the global fermented ingredients market is spread across Europe, Asia Pacific, North America, and the Rest of the World. Asia Pacific, among them, currently holds out a lot of promise. This is because of the presence of large, developing economies of India and China where the food and beverage, pharmaceuticals, and personal care industry is flourishing. North America is another prominent fermented ingredients market which has been bolstered mainly by the pharmaceutical industry in the U.S. Going forward, however, Europe and North America markets are predicted to surge at a moderate pace owing to their markets getting saturated.
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Moderate competition marks the global ferment ingredients market in which savvy players are always on the lookout for strategic mergers and acquisitions. Some of the key players in the global ferment ingredients market are Angel Yeast Co. Ltd., BASF SE, Company Döhler Group, and Ajinomoto Corporation Inc.