In 2018, the fermented ingredients market in Latin America was valued at 3.02 billion U.S. dollars and it has been projected that the value would increase to 4.63 billion by 2023. In the United States, the market is expected to grow from 2.2 billion to 3.27 billion U.S. dollars in the same period.
Fermented ingredients market value in Latin America from 2018 to 2023
(in billion U.S. dollars)
includes food & beverages, feed, pharmaceuticals, paper
Supplementary notes
* Forecast.
Figures have been rounded.
An exponential development of the values was assumed to estimate the annual values between 2018 and 2023, which were provided by the source.
Figures have been rounded
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Statista. (February 15, 2020). Fermented ingredients market value in Latin America from 2018 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 11, 2024, from https://www.statista.com/statistics/705441/fermented-ingredients-market-value-latin-america/
Statista. "Fermented ingredients market value in Latin America from 2018 to 2023 (in billion U.S. dollars)." Chart. February 15, 2020. Statista. Accessed December 11, 2024. https://www.statista.com/statistics/705441/fermented-ingredients-market-value-latin-america/
Statista. (2020). Fermented ingredients market value in Latin America from 2018 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 11, 2024. https://www.statista.com/statistics/705441/fermented-ingredients-market-value-latin-america/
Statista. "Fermented Ingredients Market Value in Latin America from 2018 to 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 15 Feb 2020, https://www.statista.com/statistics/705441/fermented-ingredients-market-value-latin-america/
Statista, Fermented ingredients market value in Latin America from 2018 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/705441/fermented-ingredients-market-value-latin-america/ (last visited December 11, 2024)
Fermented ingredients market value in Latin America from 2018 to 2023 (in billion U.S. dollars) [Graph], Statista, February 15, 2020. [Online]. Available: https://www.statista.com/statistics/705441/fermented-ingredients-market-value-latin-america/