BASF SE (Germany) and E. I. du Pont de Nemours and Company (U.S.) are Leading Players in Fermented Ingredients Market
The fermented ingredients industry has many players (small, medium, and large); however, the industry is dominated by a few, which include E. I. du Pont de Nemours and Company (U.S.), Ajinomoto Corporation Inc. (Japan), Koninklijke DSM N.V. (Netherlands), Chr. Hansen A/S (Denmark), and BASF SE (Germany), which collectively accounted for a major part of the fermented ingredients market. New product launches and acquisitions were the preferred growth strategies in this market. These strategies were adopted for better market penetration, to expand product portfolios, and to reach new potential markets.
BASF SE (Germany)
BASF SE offers a broad portfolio of sustainable products, which offer certainty and flexibility, increase efficiency and profit potential, and have the ability to expand and grow. The company offers fermented ingredient products under the categories such as animal nutrition and human nutrition (Vitamin B12). This company focuses on geographic expansion, especially in the emerging markets of Asia-Pacific and Africa. It leverages on its strong R&D capabilities for the development of new products to cater to the needs of healthy and safer fermented ingredients.
The company simultaneously launched and obtained registration for their products, thereby penetrating large consumer base markets of several regions. It entered into collaborative and expansion contracts with many companies. In October 2016, the company started planning on expanding the production capability for vitamin A and for the construction of a new world-scale plant for vitamin A in Ludwigshafen, Germany.
E. I. du Pont de Nemours and Company (U.S.)
E. I. du Pont de Nemours and Company is a leading player in the fermented ingredients industry and offers a wide range of fermented ingredient products. It is involved in the development, manufacture, and distribution of products in the agriculture, automotive, building and construction, electronics, energy, food and beverage, health care and medical, marine, mining, packaging & printing, plastics, and safety and protection industries. DuPont develops, produces, and markets a wide variety of fermented ingredients to the global market. The company provides fermented ingredients under the segments such as food enzymes, dairy culture, and meat culture. DuPont offers superior quality fermented ingredients, which have gained attraction in the market owing to their high quality, good texture, and long shelf life characteristics.
The major strengths of the company are its strategic acquisitions and expansions of the global market by capitalizing on the local markets to maintain its leading position, globally. It has been focusing on productivity improvements to meet the needs of the rapidly growing population. It has an extensive portfolio of products and services to cater to the evolving demand for safer and high-quality fermented ingredients.
Related Reports:
Fermented Ingredients Market by Type (Amino Acids, Organic Acids, Biogas, Polymers, Vitamins, Industrial Enzymes), Application (Food & Beverages, Feed, Pharmaceuticals, Paper), Form (Dry, and Liquid), and Region - Global Forecast to 2022
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