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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

Frequently Asked Questions about the Global Market for Fermentation Chemicals

What is the estimated value of the Global Market for Fermentation Chemicals?

The Global Market for Fermentation Chemicals was estimated to be valued at $57.3 Billion in 2020.

What is the growth rate of the Global Market for Fermentation Chemicals?

The growth rate of the Global Market for Fermentation Chemicals is 6.4%, with an estimated value of $88.5 Billion by 2027.

What is the forecasted size of the Global Market for Fermentation Chemicals?

The Global Market for Fermentation Chemicals is estimated to be worth $88.5 Billion by 2027.

Who are the key companies in the Global Market for Fermentation Chemicals?

Key companies in the Global Market for Fermentation Chemicals include 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. and Chr. Hansen A/S.

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

A selection of companies mentioned in this report includes:

  • 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