The global fermentation chemicals market size is expected to reach USD 120.9 billion by 2030, registering a CAGR of 6.9% during the forecast period. The growth is attributed to the increasing product utilization in numerous end-use industries like food & beverages, energy, pharmaceuticals, and plastics. The need for end-use products, such as processed foods, nutritional supplements, and pharmaceuticals, has increased in recent years, which has resulted in a significant increase in demand for fermentation chemicals. In addition, owing to the presence of a sizable number of manufacturing firms and the growing trend of organic products, the industry is estimated to witness rapid growth, especially in the Asia Pacific region.
The BRICS nations i.e., Brazil, Russia, India, China, and South Africa have experienced rapid industrial growth, which has a direct effect on the fermentation chemicals’ demand. These markets saw rapid industrial output growth and continue to be among the industrial regions with the greatest rate of expansion worldwide. The availability of a big pool of skilled labor, advantageous foreign investment norms, and technological know-how are the main growth drivers of the manufacturing industry in these economies. Stringent regulations established by the Environmental Protection Agency (EPA) and the European Union are likely to positively influence the demand due to the product’s eco-friendliness. These regulations propose various practices to reduce the use of fossil fuels and Greenhouse Gas (GHG) emissions.
The manufacturing of fermentation chemicals through green chemistry is considered the most practical and efficient way of reducing greenhouse effects. Key raw materials used to produce these chemicals include sugarcane, beet, wheat, tapioca, and corn. These agro products are high in carbohydrate and starch contents. Out of the entire production, the major share is consumed by the food industry. With the growing population across the globe, especially in Asia Pacific, the food demand is expected to increase in the coming years. These agro products are basic cereals and vegetables, which are consumed on a daily basis. There is a rise in demand for these products among consumers as fluctuations in the food supply & demand food may negatively impact the industry growth.
The BRICS nations i.e., Brazil, Russia, India, China, and South Africa have experienced rapid industrial growth, which has a direct effect on the fermentation chemicals’ demand. These markets saw rapid industrial output growth and continue to be among the industrial regions with the greatest rate of expansion worldwide. The availability of a big pool of skilled labor, advantageous foreign investment norms, and technological know-how are the main growth drivers of the manufacturing industry in these economies. Stringent regulations established by the Environmental Protection Agency (EPA) and the European Union are likely to positively influence the demand due to the product’s eco-friendliness. These regulations propose various practices to reduce the use of fossil fuels and Greenhouse Gas (GHG) emissions.
The manufacturing of fermentation chemicals through green chemistry is considered the most practical and efficient way of reducing greenhouse effects. Key raw materials used to produce these chemicals include sugarcane, beet, wheat, tapioca, and corn. These agro products are high in carbohydrate and starch contents. Out of the entire production, the major share is consumed by the food industry. With the growing population across the globe, especially in Asia Pacific, the food demand is expected to increase in the coming years. These agro products are basic cereals and vegetables, which are consumed on a daily basis. There is a rise in demand for these products among consumers as fluctuations in the food supply & demand food may negatively impact the industry growth.
Fermentation Chemicals Market Report Highlights
- The organic acids segment is estimated to witness the fastest growth rate from 2023 to 2030 owing to increased product usage in the industrial fermentation process on account of their advantages, such as increased shelf life and ability to inhibit bacterial growth
- The plastics & fibers application segment will register the fastest CAGR from 2023 to 2030 due to the rising need to produce plastics from biopolymers to minimize pollution
- Plastics made from biopolymers are manufactured by undertaking the fermentation process of microalgae
- Asia Pacific will emerge as the fastest-growing region over the forecast years due to the developments in the end-use application industries like personal care & cosmetics, food & beverages, and pharmaceuticals
- Moreover, in countries like India, there has been a rise in the number of food & beverage startups, which is expected to create lucrative growth opportunities for the market
- The global industry is highly competitive on account of the presence of major manufacturing companies, such as Novozymes, DuPont, DSM, BASF SE, and Dow
Table of Contents
Chapter 1 Methodology and Scope1.1 Market Segmentation & Scope
1.2 Market Definition
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Internal Database
1.4 Information analysis
1.5 Market formulation & data visualization
1.6 Data validation & publishing
1.6.1 Research scope and assumptions
1.6.2 List of Data Products
Chapter 2 Executive Summary
2.1 Market Snapshot
2.2 Segmental Outlook
2.3 Competitive Insights
Chapter 3 Fermentation Chemicals: Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Industry Value Chain Analysis
3.3.1 Manufacturing & Technology Trends
3.3.2 Sales Channel Analysis
3.4 Price Trend Analysis, 2018-2030
3.4.1 Factors Influencing Prices
3.5 Regulatory Framework, By Region
3.6 Impact of Covid-19 Pandemic
3.7 Market Dynamics
3.7.1 Market Driver Analysis
3.7.2 Market Restraint Analysis
3.7.3 Industry Challenges
3.7.4 Industry Opportunities
3.8 Impact of the European Geopolitical Conflict
3.9 Business Environment Analysis
3.9.1 Industry Analysis - Porter
3.9.2 PESTEL Analysis
Chapter 4 Fermentation Chemicals Market- Supplier Portfolio Analysis
4.1 List of Raw Material Suppliers
4.2 Raw Material Trend
4.3 Postfolio Analysis/ Kraljic Matrix
4.4 Engagement Model
4.5 Negotiation Strategies
4.6 Sourcing Best Practices
Chapter 5 Fermentation Chemicals Market: Product Estimates & Trend Analysis
5.1 Product movement analysis & market share, 2022 & 2030 (%)
5.2 Fermentation chemicals market size & forecasts and trend analysis by product, 2018 - 2030 (Kilotons) (USD Million)
5.2.1 Alcohols
5.2.1.1 Fermentation Chemicals market estimates & forecast, by Alcohols, 2018 - 2020 (Kilotons) (USD Million)
5.2.2 Enyzmes
5.2.2.1 Fermentation Chemicals market estimates & forecast, by Enzymes, 2018 - 2020 (Kilotons) (USD Million)
5.2.3 Organic Acids
5.2.3.1 Fermentation Chemicals market estimates & forecast, by Organic Acids, 2018 - 2020 (Kilotons) (USD Million)
5.2.4 Other Products
5.2.4.1 Fermentation Chemicals market estimates & forecast, by Other Products, 2018 - 2020 (Kilotons) (USD Million)
Chapter 6 Fermentation Chemicals Market: Application Estimates & Trend Analysis
6.1 Application movement analysis & market share, 2022 & 2030 (%)
6.2 Fermentation Chemicals market size & forecasts and trend analysis by Application, 2018 - 2030 (Kilotons) (USD Million)
6.2.1 Industrial Application
6.2.1.1 Fermentation Chemicals market size & forecasts and trend analysis, in Industrial Application, 2018 - 2030 (Kilotons) (USD Million)
6.2.2 Food & Beverages
6.2.2.1 Fermentation Chemicals market size & forecasts and trend analysis, in Food & Beverages, 2018 - 2030 (Kilotons) (USD Million)
6.2.3 Nutritional & Pharmaceutical
6.2.3.1 Fermentation Chemicals market size & forecasts and trend analysis, in Nutritional & Pharmaceutical, 2018 - 2030 (Kilotons) (USD Million)
6.2.4 Plastics & Fibers
6.2.4.1 Fermentation Chemicals market size & forecasts and trend analysis, in Plastics & Fibers, 2018 - 2030 (Kilotons) (USD Million)
6.2.5 Other Applications
6.2.5.1 Fermentation Chemicals market size & forecasts and trend analysis, in Other Applications, 2018 - 2030 (Kilotons) (USD Million)
Chapter 7 Fermentation Chemicals Market: Regional Estimates & Trend Analysis
7.1 Global Fermentation Chemicals movement analysis & market share, 2022 & 2030 (%)
7.1.1 Global Fermentation Chemicals Market Estimates and Forecasts, by Region, 2018-2030 (Kilotons) (USD Million)
7.1.2 North America
7.1.2.1 North America fermentation chemicals market estimates & forecasts, by Product (2018 - 2030) (Kilotons) (USD Million)
7.1.2.2 North America fermentation chemicals market estimates & forecasts, by Application (2018 - 2030) (Kilotons) (USD Million)
7.1.2.3 U.S.
7.1.2.3.1 U.S. fermentation chemicals market estimates & forecasts, by Product (2018 - 2030) (Kilotons) (USD Million)
7.1.2.3.2 U.S. fermentation chemicals market estimates & forecasts, by Application (2018 - 2030) (Kilotons) (USD Million)
7.1.3 Europe
7.1.3.1 Europe fermentation chemicals market estimates & forecasts, by Product (2018 - 2030) (Kilotons) (USD Million)
7.1.3.2 Europe fermentation chemicals market estimates & forecasts, by Application (2018 - 2030) (Kilotons) (USD Million)
7.1.3.3 Germany
7.1.3.3.1 Germany fermentation chemicals market estimates & forecasts, by Product (2018 - 2030) (Kilotons) (USD Million)
7.1.3.3.2 Germany fermentation chemicals market estimates & forecasts, by Application (2018 - 2030) (Kilotons) (USD Million)
7.1.3.4 U.K.
7.1.3.4.1 U.K. fermentation chemicals market estimates & forecasts, by Product (2018 - 2030) (Kilotons) (USD Million)
7.1.3.4.2 U.K. fermentation chemicals market estimates & forecasts, by Application (2018 - 2030) (Kilotons) (USD Million)
7.1.3.5 France
7.1.3.5.1 France fermentation chemicals market estimates & forecasts, by Product (2018 - 2030) (Kilotons) (USD Million)
7.1.3.5.2 France fermentation chemicals market estimates & forecasts, by Application (2018 - 2030) (Kilotons) (USD Million)
7.1.4 Asia Pacific
7.1.4.1 Asia Pacific fermentation chemicals market estimates & forecasts, by Product (2018 - 2030) (Kilotons) (USD Million)
7.1.4.2 Asia Pacific fermentation chemicals market estimates & forecasts, by Application (2018 - 2030) (Kilotons) (USD Million)
7.1.4.3 China
7.1.4.3.1 China fermentation chemicals market estimates & forecasts, by Product (2018 - 2030) (Kilotons) (USD Million)
7.1.4.3.2 China fermentation chemicals market estimates & forecasts, by Application (2018 - 2030) (Kilotons) (USD Million)
7.1.4.4 India
7.1.4.4.1 India fermentation chemicals market estimates & forecasts, by Product (2018 - 2030) (Kilotons) (USD Million)
7.1.4.4.2 India fermentation chemicals market estimates & forecasts, by Application (2018 - 2030) (Kilotons) (USD Million)
7.1.4.5 Japan
7.1.4.5.1 Japan fermentation chemicals market estimates & forecasts, by Product (2018 - 2030) (Kilotons) (USD Million)
7.1.4.5.2 Japan fermentation chemicals market estimates & forecasts, by Application (2018 - 2030) (Kilotons) (USD Million)
7.1.5 Central & South America
7.1.5.1 Central & South America fermentation chemicals market estimates & forecasts, by Product (2018 - 2030) (Kilotons) (USD Million)
7.1.5.2 Central & South America fermentation chemicals market estimates & forecasts, by Application (2018 - 2030) (Kilotons) (USD Million)
7.1.6 Middle East & Africa
7.1.6.1 Middle East & Africa fermentation chemicals market estimates & forecasts, by Product (2018 - 2030) (Kilotons) (USD Million)
7.1.6.2 Middle East & Africa fermentation chemicals market estimates & forecasts, by Application (2018 - 2030) (Kilotons) (USD Million)
Chapter 8 Competitive Landscape
8.1 Recent Developments & Impact Analysis, By Key Market Participants
8.2 Company Marekt Positioning
8.3 Vendor Landscape
8.3.1 List of Key Manufacturers
8.3.2 List of Key Suppliers/Distributors
8.3.3 List of Potential End-users
8.4 Competitive Environment
8.5 Strategy Framework
Chapter 9 Competitive Landscape
9.1 BASF SE
9.1.1 Company introduction
9.1.2 Financial information
9.1.3 Product Portfolio
9.1.4 Strategic Initiatives
9.2 Novozymes
9.2.1 Company introduction
9.2.2 Financial information
9.2.3 Product Portfolio
9.2.4 Strategic Initiatives
9.3 DuPont Danisco
9.3.1 Company introduction
9.3.2 Financial information
9.3.3 Product Portfolio
9.3.4 Strategic Initiatives
9.4 DSM
9.4.1 Company introduction
9.4.2 Financial information
9.4.3 Product Portfolio
9.4.4 Strategic Initiatives
9.5 Amano Enzymes USA Co., Ltd.
9.5.1 Company introduction
9.5.2 Financial information
9.5.3 Product Portfolio
9.5.4 Strategic Initiatives
9.6 AB Enzymes
9.6.1 Company introduction
9.6.2 Financial information
9.6.3 Product Portfolio
9.6.4 Strategic Initiatives
9.7 Chr. Hansen Holding A/S
9.7.1 Company introduction
9.7.2 Financial information
9.7.3 Product Portfolio
9.7.4 Strategic Initiatives
9.8 Dow
9.8.1 Company introduction
9.8.2 Financial information
9.8.3 Product Portfolio
9.8.4 Strategic Initiatives
9.9 Evonik Industries AG
9.9.1 Company introduction
9.9.2 Financial information
9.9.3 Product Portfolio
9.9.4 Strategic Initiatives
9.10 Cargill, Incorporated
9.10.1 Company introduction
9.10.2 Financial information
9.10.3 Product Portfolio
9.10.4 Strategic Initiatives
9.11 Ajinomoto Co., Inc.
9.11.1 Company introduction
9.11.2 Financial information
9.11.3 Product Portfolio
9.11.4 Strategic Initiatives
9.12 ADM
9.12.1 Company introduction
9.12.2 Financial information
9.12.3 Product Portfolio
9.12.4 Strategic Initiatives
List of Tables
Table 1 List of Raw Material Suppliers
Table 2 Fermentation chemicals market volume estimates & forecasts, by product, 2018 - 2030 (Kilotons)
Table 3 Fermentation chemicals market revenue estimates & forecasts, by product, 2018 - 2030 (USD million)
Table 4 Fermentation chemicals market volume estimates & forecasts by application, 2018 - 2030 (Kilotons)
Table 5 Fermentation chemicals market revenue estimates & forecasts by application, 2018 - 2030 (USD Million)
Table 6 Fermentation chemicals market volume estimates & forecasts by region, 2018 - 2030 (Kilotons)
Table 7 Fermentation chemicals market revenue estimates & forecasts by region, 2018 - 2030 (USD Million)
Table 8 North America fermentation chemicals market volume estimates & forecasts, by product, 2018 - 2030 (Kilotons)
Table 9 North America fermentation chemicals market revenue estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 10 North America fermentation chemicals market volume estimates & forecasts, by application, 2018 - 2030 (Kilotons)
Table 11 North America fermentation chemicals market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 12 U.S. fermentation chemicals market volume estimates & forecasts, by product, 2018 - 2030 (Kilotons)
Table 13 U.S. fermentation chemicals market revenue estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 14 U.S. fermentation chemicals market volume estimates & forecasts, by application, 2018 - 2030 (Kilotons)
Table 15 U.S. fermentation chemicals market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 16 Europe fermentation chemicals market volume estimates & forecasts, by product, 2018 - 2030 (Kilotons)
Table 17 Europe fermentation chemicals market revenue estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 18 Europe fermentation chemicals market volume estimates & forecasts, by application, 2018 - 2030 (Kilotons)
Table 19 Europe fermentation chemicals market revenue estimates & forecasts, by application, 2018 - 2030 (USD million)
Table 20 Germany fermentation chemicals market volume estimates & forecasts, by product, 2018 - 2030 (Kilotons)
Table 21 Germany fermentation chemicals market revenue estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 22 Germany fermentation chemicals market volume estimates & forecasts, by application, 2018 - 2030 (Kilotons)
Table 23 Germany fermentation chemicals market revenue estimates & forecasts, by application, 2018 - 2030 (USD million)
Table 24 U.K. fermentation chemicals market volume estimates & forecasts, by product, 2018 - 2030 (Kilotons)
Table 25 U.K. fermentation chemicals market revenue estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 26 U.K. fermentation chemicals market volume estimates & forecasts, by application, 2018 - 2030 (Kilotons)
Table 27 U.K. fermentation chemicals market revenue estimates & forecasts, by application, 2018 - 2030 (USD million)
Table 28 France fermentation chemicals market volume estimates & forecasts, by product, 2018 - 2030 (Kilotons)
Table 29 France fermentation chemicals market revenue estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 30 France fermentation chemicals market volume estimates & forecasts, by application, 2018 - 2030 (Kilotons)
Table 31 France fermentation chemicals market revenue estimates & forecasts, by application, 2018 - 2030 (USD million)
Table 32 Asia Pacific fermentation chemicals market volume estimates & forecasts, by product, 2018 - 2030 (Kilotons)
Table 33 Asia Pacific fermentation chemicals market revenue estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 34 Asia Pacific fermentation chemicals market volume estimates & forecasts, by application, 2018 - 2030 (Kilotons)
Table 35 Asia Pacific fermentation chemicals market revenue estimates & forecasts, by application, 2018 - 2030 (USD million)
Table 36 China fermentation chemicals market volume estimates & forecasts, by product, 2018 - 2030 (Kilotons)
Table 37 China fermentation chemicals market revenue estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 38 China fermentation chemicals market volume estimates & forecasts, by application, 2018 - 2030 (Kilotons)
Table 39 China fermentation chemicals market revenue estimates & forecasts, by application, 2018 - 2030 (USD million)
Table 40 India fermentation chemicals market volume estimates & forecasts, by product, 2018 - 2030 (Kilotons)
Table 41 India fermentation chemicals market revenue estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 42 India fermentation chemicals market volume estimates & forecasts, by application, 2018 - 2030 (Kilotons)
Table 43 India fermentation chemicals market revenue estimates & forecasts, by application, 2018 - 2030 (USD million)
Table 44 Japan fermentation chemicals market volume estimates & forecasts, by product, 2018 - 2030 (Kilotons)
Table 45 Japan fermentation chemicals market revenue estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 46 Japan fermentation chemicals market volume estimates & forecasts, by application, 2018 - 2030 (Kilotons)
Table 47 Japan fermentation chemicals market revenue estimates & forecasts, by application, 2018 - 2030 (USD million)
Table 48 Central & South America fermentation chemicals market volume estimates & forecasts, by product, 2018 - 2030 (Kilotons)
Table 49 Central & South America fermentation chemicals market revenue estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 50 Central & South America fermentation chemicals market volume estimates & forecasts, by application, 2018 - 2030 (Kilotons)
Table 51 Central & South America fermentation chemicals market revenue estimates & forecasts, by application, 2018 - 2030 (USD million)
Table 52 Middle East & Africa fermentation chemicals market volume estimates & forecasts, by product, 2018 - 2030 (Kilotons)
Table 53 Middle East & Africa fermentation chemicals market revenue estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 54 Middle East & Africa fermentation chemicals market volume estimates & forecasts, by application, 2018 - 2030 (Kilotons)
Table 55 Middle East & Africa fermentation chemicals market revenue estimates & forecasts, by application, 2018 - 2030 (USD million)
Table 56 List of Key Global Players & Recent Developments & Their Impact On the Industry
Table 57 List of Key Manufacturers
Table 58 List of Key Suppliers/Distributors
Table 59 List of Potential End-Users
List of Figures
Fig. 1 Fermentation Chemicals Segment Outlook
Fig. 2 Information Procurement
Fig. 3 Primary Research Pattern
Fig. 4 Primary research process
Fig. 5 Fermentation Chemicals - Market Snapshot
Fig. 6 Penetration & Growth Prospect Mapping, (2018 - 2030)
Fig. 7 Fermentation Chemicals Market Dynamics
Fig. 8 Fermentation Chemicals - Porter’s Analysis
Fig. 9 Fermentation Chemicals - PESTEL Analysis
Fig. 10 Fermentation chemicals market revenue share by product, 2022 & 2030 (%)
Fig. 11 Fermentation chemicals market revenue share by application, 2022 & 2030 (%)
Fig. 12 Fermentation chemicals market revenue share by region, 2022 & 2030 (%)
Fig. 13 Company Market Positioning
Fig. 14 Strategy Framework
Companies Mentioned
- BASF SE
- Novozymes
- DuPont Danisco
- DSM
- Amano Enzymes USA Co., Ltd.
- AB Enzymes
- Chr. Hansen Holding A/S
- Dow
- Evonik Industries AG
- Cargill, Incorporated
- Ajinomoto Co., Inc.
- ADM
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 125 |
| Published | February 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 71.16 Billion |
| Forecasted Market Value ( USD | $ 120.9 Billion |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
