Middle East And Africa Fermented Ingredients Market

Middle East and Africa Fermented Ingredients Market Growth and Forecast (2023 - 2028):

Middle East and Africa Fermented Ingredients Market was worth USD 1.97 billion in 2022 and is estimated to grow at a CAGR of 7.3%, to reach USD 2.87 billion by 2028. Fermentation is a process similar to metabolism. It breaks down complex molecules in the food into simpler molecules by using microorganisms in a growth medium. It is essentially carries on to acquire desirable chemical products useful to humans.

Market Overview:

Fermented ingredients are used to initiate fermentation process in the products to obtain desirable effect. It can also break down toxic substances in ingredients into non-toxic. Fermentation is finding applications in biotechnology also. Fermented skin products are more advantageous with more benefits than the conventional skin products. It helps create eco-friendly and naturally derived ingredients to be used in cosmetic products.

Drivers and Restraints:

Fermented ingredients market is majorly driven by the increase in demand for superior quality food and personal care products and shift of consumers toward products associated with health benefits. Rapid increase in population and increased food demands are also driving the market. Rising demand for antibiotics which kill the gut bacteria is increasing the demand for fermented food products and ingredients. Inconsistent availability of required raw materials and high initial investments are the major restraining factors for the market.

Middle East and Africa Fermented Ingredients Market Segmentation Analysis:

The Middle East and Africa market for fermented ingredients is segmented on the basis of type, application, form, process and region. Based on type, the market is segmented into Amino Acids, Organic Acids, Biogas, Polymers, Vitamins, and Industrial Enzymes. Amino acids hold the largest market share due to its increased demand in food and beverage industries. Based on application, the market for fermented ingredients is segmented in to Food & Beverages, Feed, Pharmaceuticals, and Paper. Food and beverages segment is further segmented into Bakery, Brewery and Distilling and Dairy Products. Food and beverages industry segment dominate the market due to the increased demand for processed foods and also fermented ingredients are highly used in the industries to increase the shelf life of food products. Based on form, the market is segmented into dry form and liquid form. Fermented ingredients in dry form are projected to be the fastest growing segment. Based on fermentation process, the market is segmented into Batch Fermentation, Continuous Fermentation, Aerobic and Anaerobic Fermentation. Anaerobic fermentation holds the largest market share in this segment because of its increased number of applications in beverages industry.

Region Analysis:

Geographically the Middle East and Africa Fermented Ingredients Market is segmented into KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA. Growing economies in Middle East and Africa regions has a huge growth potential. Growth rate of the market in Africa region is a bit slow compared to Middle East region due to the internal warfare in this region.

Key Players in the Market:

Major Key Players in the MEA Fermented Ingredients Market are

• E. I. du Pont de Nemours and Company (U.S.)
• Angel Yeast Co. Ltd. (U.S.)
• Ajinomoto Corporation Inc. (Japan)
• Koninklijke DSM N.V. (Netherlands)
• Chr. Hansen A/S (Denmark)
• Dohler Group (Germany)
• Lallemand Inc. (Canada)
• Lonza (Switzerland)