PART 01: EXECUTIVE SUMMARY PART 02: SCOPE OF THE REPORT PART 03: RESEARCH METHODOLOGY PART 04: MARKET LANDSCAPE • Market ecosystem • Market characteristics • Market segmentation analysis PART 05: MARKET SIZING • Market definition • Market sizing 2017 • Market size and forecast 2017-2022 PART 06: FIVE FORCES ANALYSIS • Bargaining power of buyers • Bargaining power of suppliers • Threat of new entrants • Threat of substitutes • Threat of rivalry • Market condition PART 07: MARKET SEGMENTATION BY PRODUCT • Segmentation by product • Comparison by product • Dairy – Market size and forecast 2017-2022 • Bakery – Market size and forecast 2017-2022 • Others – Market size and forecast 2017-2022 • Market opportunity by product PART 08: CUSTOMER LANDSCAPE PART 09: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL • Segmentation by distribution channel • Supermarkets and hypermarkets • Independent retailers and convenience stores • Specialty stores • Others PART 10: REGIONAL LANDSCAPE • Geographical segmentation • Regional comparison • Americas – Market size and forecast 2017-2022 • EMEA – Market size and forecast 2017-2022 • APAC – Market size and forecast 2017-2022 • Key leading countries • US – Market size and forecast 2017-2022 • UK – Market size and forecast 2017-2022 • France – Market size and forecast 2017-2022 • Germany – Market size and forecast 2017-2022 • Brazil – Market size and forecast 2017-2022 • Market opportunity PART 11: DECISION FRAMEWORK PART 12: DRIVERS AND CHALLENGES • Market drivers • Market challenges PART 13: MARKET TRENDS • Product launches and innovations • Advances in packaging methods • Demand for low-fat fermented dairy food PART 14: VENDOR LANDSCAPE • Overview • Landscape disruption PART 15: VENDOR ANALYSIS • Vendors covered • Vendor classification • Market positioning of vendors • Barry Callebaut • Cargill • Chr. Hansen • Danone • General Mills PART 16: APPENDIX • List of abbreviations Exhibit 01: Parent market Exhibit 02: Global fermented food and beverage market Exhibit 03: Market characteristics Exhibit 04: Market segments Exhibit 05: Market definition - Inclusions and exclusions checklist Exhibit 06: Market size 2017 Exhibit 07: Validation techniques employed for market sizing 2017 Exhibit 08: Global naturally fermented food market – Market size and forecast 2017-2022 ($ bn) Exhibit 09: Global naturally fermented food market – Year over year growth 2018-2022 (%) Exhibit 10: Five forces analysis 2017 Exhibit 11: Five forces analysis 2022 Exhibit 12: Bargaining power of buyers Exhibit 13: Bargaining power of suppliers Exhibit 14: Threat of new entrants Exhibit 15: Threat of substitutes Exhibit 16: Threat of rivalry Exhibit 17: Market condition - Five forces 2017 Exhibit 18: Globally naturally fermented food market by product – Market share 2017-2022 (%) Exhibit 19: Comparison by product Exhibit 20: Global naturally fermented food market by dairy – Market size and forecast 2017-2022 ($ bn) Exhibit 21: Global naturally fermented food market by dairy – Year over year growth 2018-2022 (%) Exhibit 22: Global naturally fermented food market by bakery – Market size and forecast 2017-2022 ($ bn) Exhibit 23: Global naturally fermented food market by bakery – Year over year growth 2018-2022 (%) Exhibit 24: Global naturally fermented food market by others – Market size and forecast 2017-2022 ($ bn) Exhibit 25: Global naturally fermented food market by others – Year over year growth 2018-2022 (%) Exhibit 26: Market opportunity by product Exhibit 27: Customer landscape Exhibit 28: Global naturally fermented food market by distribution channel – Market share 2017(%) Exhibit 29: Global naturally fermented food market by region – Market share 2017-2022 (%) Exhibit 30: Regional comparison Exhibit 31: Naturally fermented food market in Americas – Market size and forecast 2017-2022 ($ bn) Exhibit 32: Naturally fermented food market in Americas – Year over year growth 2018-2022 (%) Exhibit 33: Naturally fermented food market in EMEA – Market size and forecast 2017-2022 ($ bn) Exhibit 34: Naturally fermented food market in EMEA – Year over year growth 2018-2022 (%) Exhibit 35: Naturally fermented food market in APAC – Market size and forecast 2017-2022 ($ bn) Exhibit 36: Naturally fermented food market in APAC – Year over year growth 2018-2022 (%) Exhibit 37: Key leading countries Exhibit 38: US – Market size and forecast 2017-2022 ($ bn) Exhibit 39: US – Year over year growth 2018-2022 (%) Exhibit 40: UK – Market size and forecast 2017-2022 ($ bn) Exhibit 41: UK – Year over year growth 2018-2022 (%) Exhibit 42: France – Market size and forecast 2017-2022 ($ bn) Exhibit 43: France – Year over year growth 2018-2022 (%) Exhibit 44: Germany – Market size and forecast 2017-2022 ($ bn) Exhibit 45: Germany – Year over year growth 2018-2022 (%) Exhibit 46: Brazil – Market size and forecast 2017-2022 ($ bn) Exhibit 47: Brazil – Year over year growth 2018-2022 (%) Exhibit 48: Market opportunity Exhibit 49: Vendor landscape Exhibit 50: Landscape disruption Exhibit 51: Vendors covered Exhibit 52: Vendor classification Exhibit 53: Market positioning of vendors Exhibit 54: Vendor overview Exhibit 55: Barry Callebaut – Business segments Exhibit 56: Barry Callebaut – Organizational developments Exhibit 57: Barry Callebaut – Segment focus Exhibit 58: Barry Callebaut – Key offerings Exhibit 59: Vendor overview Exhibit 60: Cargill – Business segments Exhibit 61: Cargill – Organizational developments Exhibit 62: Cargill – Geographic focus Exhibit 63: Cargill – Segment focus Exhibit 64: Cargill – Key offerings Exhibit 65: Vendor overview Exhibit 66: Chr. Hansen – Business segments Exhibit 67: Chr. Hansen – Organizational developments Exhibit 68: Chr. Hansen – Geographic focus Exhibit 69: Chr. Hansen – Segment focus Exhibit 70: Chr. Hansen – Key offerings Exhibit 71: Vendor overview Exhibit 72: Danone – Business segments Exhibit 73: Danone – Organizational developments Exhibit 74: Danone – Geographic focus Exhibit 75: Danone – Segment focus Exhibit 76: Danone – Key offerings Exhibit 77: Vendor overview Exhibit 78: General Mills – Business segments Exhibit 79: General Mills – Organizational developments Exhibit 80: General Mills – Geographic focus Exhibit 81: General Mills – Segment focus Exhibit 82: General Mills – Key offerings

Barry Callebaut Cargill Chr. Hansen Danone General Mills