Global Fermented Food and Drinks Market 2018-2022
About Fermented Food and Drinks
Fermented food and drinks are those which are processed through lacto-fermentation (scientifically called as zymology), where natural bacteria feeds on the sugar and starch to create lactic acids. These acids then produce beneficial enzymes, b-vitamins, and pro biotics, which help in digestion as well as improve the overall health of the consumer s gut.
Technavio’s analysts forecast the global fermented food and drinks market to grow at a CAGR of 5.84% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global fermented food and drinks market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Fermented Food and Drinks Market 2018-2022
Technavio recognizes the following companies as the key players in the global fermented food and drinks market: Anheuser-Busch InBev, Carlsberg Group, Constellation Brands, Danone, General Mills, Heineken, and Kraft Heinz.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing use of fermented foods as ingredients in various foods and beverages. Many food and beverage product manufacturers are using fermented dairy food products as an ingredient for their products due to the growing popularity of fermented dairy products. The increasing use of fermented foods as ingredients in various foods and beverages is identified as one of the key trends that will gain traction in the fermented food and drinks market.”
According to the report, one driver in the market is product launches. The demand for cultured dairy products is increasing on a global level due to high levels of marketing support, improved taste and versatility, and the development of new products. This in turn, will result in an increased number of new product launches.
Further, the report states that one challenge in the market is lawsuits and product recalls. Health-Ade faced a lawsuit for its false advertising claims stating lower sugar content in it product despite containing four to six times the amount on the table. Another challenge to the growth of the market is the recall of fermented food and drinks offerings over various issues.
Anheuser-Busch InBev, Carlsberg Group, Constellation Brands, Danone, General Mills, Heineken, and Kraft Heinz.
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