Press Release

Fermented Food and Drinks Market Strategy 2020 Size, Share, Industry Overview and Regional Analysis Development 2020 to 2026

The Global Fermented Food And Drink Market is driven by the rising popularity of probiotic food and drinks among consumers. Fermented food and drinks are rich sources of probiotics. Probiotics help in the digestion process along with offering several health benefits such as boosting the 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.

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The growing popularity of fermented beverages such as kefir, yakult, and others among consumers owing to their great probiotic content is projected to fuel the market growth. The rising trend of veganism and inclination of consumers towards plant-based diets is anticipated to boost the market demand for fermented foods such as kimchi, tempeh, sauerkraut, and others.

Fermentation of food and drinks safeguards and helps in extended preservation of the food and drinks along with enhancing their sensory attributes. Fermentation of the food and drink add value, improve nutritional quality and digestibility and enhance food safety. The various supreme qualities offered by the food fermentation process are predicted to drive the global fermentation food and drink market. The rapidly growing health and wellness trends among consumers and increasing awareness about health benefits offered by the fermented food and drinks are anticipated to drive the market in forthcoming years. The key players operating in the global fermented food and drink market are embarking upon the R&D and base expansions to increase their prominence in the market. For instance, in June 2018, Evolve Biosystems, Inc., announced the expansion of the accessibility of 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.

Top Key Players of Fermented Food and Drinks Market:-

  • DuPont de Numerous Inc.,
  • PepsiCo Inc.,
  • Yakult Honsha Co. Ltd.,
  • Kerry Inc.,
  • Nestle S.A.,
  • Lallemand Inc.,
  • Constellation Brands Inc.,
  • Danone,
  • Fonterra Co-operative Group,
  • Cosmos Food Co.,
  • and Others.

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The constant changes in consumer preference with the emergence of healthy food products and exotic flavors are expected to boost the global Fermented Food and Drinks Market growth in the coming years. Also, the increasing adoption of food delivery services, namely, Zomato, Swiggy, and Deliveroo across the globe is one of significant trends that would accelerate growth with time. Apart from that, the introduction of convenient packaging, such as bowl-based food items featuring kale and quinoa is anticipated to propel consumers to look for healthy and quick eating options. Therefore, key players are trying to better understand the lifestyle of their larger consumer bases for keeping up with their changing preferences.

COVID-19: Shutdown of Restaurants & Cafes May Hinder Growth

The outbreak of the COVID-19 pandemic worldwide has taken a toll on the Fermented Food and Drinks Industry. Almost every offline food chain, such as cafeterias and restaurants are shut down completely in various countries. But, online food delivery services are still under operation. In addition to this, companies manufacturing packaged food and beverages are exhibiting a high rate of sales because of their possession of certain beneficial properties. These products have long shelf-lives and hence consumers are stocking up their pantries, fearing the lockdown.

Key Industry Developments:-

  • In November 2019, Nasoya has expanded its product portfolio with the launch of vegan Kimchi. The new product is claimed to be 100% vegan, gluten-free and more convenient
  • In August 2018, Yeo Valley, on eof the largest organic brand in U.K. announced the launch of new organic kefir range.

 

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About the author

Thomas Fultz

Thomas handles the column depicting food products. He has worked as a product manager before and knows his words very well. His writing flows like water with the ease of reading; his way of writing is effortless and straightforward. In his free times, he loves to talk a walk in the lawn to refresh his mind. He has recently completed 5 years in our organization.

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