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Fermentation Chemicals: Global Strategic Business Report

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    Report

  • 208 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 338548

Global Fermentation Chemicals Market to Reach $109.9 Billion by 2030

The global market for Fermentation Chemicals estimated at US$62.4 Billion in the year 2022, is projected to reach a revised size of US$109.9 Billion by 2030, growing at a CAGR of 7.3% over the analysis period 2022-2030. Alcohols, one of the segments analyzed in the report, is projected to record 7.7% CAGR and reach US$63.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Enzymes segment is readjusted to a revised 6.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $17 Billion, While China is Forecast to Grow at 12.1% CAGR

The Fermentation Chemicals market in the U.S. is estimated at US$17 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$26.1 Billion by the year 2030 trailing a CAGR of 12.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 5.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5% CAGR.

Select Competitors (Total 72 Featured) -

  • AB Enzymes GmbH
  • Adisseo France S.A.S
  • Ajinomoto Company, Inc.
  • Amano Enzyme Inc.
  • Amino GmbH
  • Archer Daniels Midland Company
  • Ashland Global Holdings Inc.
  • BASF SE
  • Cargill, Inc.
  • Chr. Hansen A/S
  • Corbion NV
  • Dow Inc.
  • Evonik Industries AG
  • Gadot Biochemical Industries Ltd.
  • Kyowa Hakko Bio Co. Ltd.
  • Lonza Group AG
  • MGP Ingredients, Inc.
  • Novozymes A/S
  • Roquette Freres SA
  • Royal DSM
  • Tate & Lyle PLC
  • Wacker Chemie AG

What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Fermentation Chemicals - An Overview
  • Recent Market Activity
  • Market Outlook
  • Developed Markets Lead Demand, While Developing Markets Drive Growth
  • China - The Exploding Fermentation Chemicals Market
  • Alcohols Hold the Sway with High Adoption
  • Industrial Applications Remain the in the Lead
  • Industry Structure
  • Fermentation Chemicals - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • AB Enzymes GmbH (Germany)
  • Adisseo France S.A.S (France)
  • Ajinomoto Company, Inc. (Japan)
  • Amano Enzyme Inc. (Japan)
  • Amino GmbH (Germany)
  • Archer Daniels Midland Company (USA)
  • Ashland Global Holdings Inc. (USA)
  • BASF SE (Germany)
  • Cargill, Inc. (USA)
  • Chr. Hansen A/S (Denmark)
  • Corbion NV (Netherlands)
  • DowDuPont Inc. (USA)
  • Evonik Industries AG (Germany)
  • Gadot Biochemical Industries Ltd. (Israel)
  • Jungbunzlauer AG (Switzerland)
  • Kyowa Hakko Bio Co. Ltd. (Japan)
  • Lonza Group AG (Switzerland)
  • MGP Ingredients, Inc. (USA)
  • Novozymes A/S (Denmark)
  • Roquette Freres SA (France)
  • Royal DSM (The Netherlands)
  • Tate & Lyle PLC (UK)
  • Wacker Chemie AG (Germany)
3. MARKET TRENDS & DRIVERS
  • Natural Products Rapidly Replacing Synthetic Products
  • Reviving Global Economy to Stimulate Market Demand
  • Sophisticated Lifestyle Elevate Alcohol Consumption, Growth Factor for Fermentation Chemicals
  • The Rise of Ethanol
  • Aging Population Spurs Demand for Food and Beverage Enzymes
  • Positive Outlook for the Healthcare Industry Signals Prospects
  • Spiraling Healthcare Costs Drives Demand for Food Enzymes
  • Increasing Applications of Carotenoids Spur Demand for Fermentation Chemicals
  • Growing Demand from Personal Care and Cosmetics Products
  • Fish Food Spurs Demand for Astaxanthin, a Fermentation Chemical
  • Lactic Acid Derivatives Gain Traction in Booming Green Solvents Market
  • Lactic Acid - Industrial Applications Trigger Demand
  • Growth in Biodegradable Polymers Lead to Higher Demand for Lactic Acid
  • Food & Beverage: A Major Consumer of Lactic Acid
  • Succinic Acid: A Promising Fermentation Chemical
  • Industrial-Scale Succinic Acid Production - A Peek into Current Practices
  • Citric Acid - Driven by Chinese Demand
  • Biofuels Sector to See More Light
  • Yeast Market Going Strong - An Advantage for Fermentation Chemical Market
  • 3D Printed Yeast Holds Potential for Transformative Change in Alcohol Fermentation
  • Popularity of Functional Bakery Products Encourages Baker's Yeast Fermentation
  • Growing Popularity of Natural Ingredients in Processed Foods Drives Demand
  • Surging Popularity of Probiotic Functional Foods - A Strong Case for Yeast Fermentation Demand Growth
  • Enzymes Replace Various Harsh and Abrasive Chemicals
  • Biotech Company to Reduce Greenhouse Gas Emissions and Fermentation Chemicals Breaks Ground
  • Deinococci Bacteria for Production of Industrial Chemicals
  • New Study Focuses on Molecular Biosensor to Control Cell Evolution during Commercial Fermentation
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 2: World Historic Review for Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 3: World 16-Year Perspective for Industrial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Food & Beverages by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 5: World Historic Review for Food & Beverages by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 6: World 16-Year Perspective for Food & Beverages by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Plastic & Fibers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 8: World Historic Review for Plastic & Fibers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 9: World 16-Year Perspective for Plastic & Fibers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Pharmaceuticals & Nutritional by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 11: World Historic Review for Pharmaceuticals & Nutritional by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 12: World 16-Year Perspective for Pharmaceuticals & Nutritional by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 14: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 15: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Fermentation Chemicals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 17: World Historic Review for Fermentation Chemicals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 18: World 16-Year Perspective for Fermentation Chemicals by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Alcohols by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 20: World Historic Review for Alcohols by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 21: World 16-Year Perspective for Alcohols by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Enzymes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 23: World Historic Review for Enzymes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 24: World 16-Year Perspective for Enzymes by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 25: World Recent Past, Current & Future Analysis for Organic Acids by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 26: World Historic Review for Organic Acids by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 27: World 16-Year Perspective for Organic Acids by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 28: World Recent Past, Current & Future Analysis for Other Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 29: World Historic Review for Other Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 30: World 16-Year Perspective for Other Products by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 31: World Fermentation Chemicals Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Fermentation Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
CANADA
JAPAN
  • Fermentation Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
CHINA
  • Fermentation Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
EUROPE
  • Fermentation Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
FRANCE
  • Fermentation Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
GERMANY
  • Fermentation Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
ITALY
UNITED KINGDOM
  • Fermentation Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Fermentation Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
AUSTRALIA
  • Fermentation Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
INDIA
  • Fermentation Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Fermentation Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Fermentation Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Fermentation Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • AB Enzymes GmbH
  • Adisseo France S.A.S
  • Ajinomoto Company, Inc.
  • Amano Enzyme Inc.
  • Amino GmbH
  • Archer Daniels Midland Company
  • Ashland Global Holdings Inc.
  • BASF SE
  • Cargill, Inc.
  • Chr. Hansen A/S
  • Corbion NV
  • Dow Inc.
  • Evonik Industries AG
  • Gadot Biochemical Industries Ltd.
  • Kyowa Hakko Bio Co. Ltd.
  • Lonza Group AG
  • MGP Ingredients, Inc.
  • Novozymes A/S
  • Roquette Freres SA
  • Royal DSM
  • Tate & Lyle PLC
  • Wacker Chemie AG

Table Information