Fermentation Products Market by Type - Global Opportunity Analysis and Industry Forecast, 2017-2023

  • ID: 4333219
  • Report
  • Region: Global
  • 230 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • Ab Enzymes Gmbh
  • Amano Enzyme Inc.
  • Basf Se
  • Chr. Hansen A/S
  • Du Pont Danisco A/S
  • Evonik Industries Ag
  • MORE
The global fermentation products market was valued at $149,469 million in 2016, and is expected to grow at a CAGR of 4.7% from 2017 to 2023, to reach $205,465 million by 2023. Industrial fermentation is a multi-step process that converts starches, sugar, and cellulosic material into feed, fuel, food, and other industrial products. This process employs microorganisms, such as yeasts & algae, or enzymes and usually takes place in fermenters or bioreactors.

Fermentation products are used as active ingredients in production of green bio-based products in numerous end-user industries. These products increase shelf life and add aroma & flavor to various food products. Continuous fermentation, batch fermentation, and anaerobic fermentation are used to manufacture fermentation products, depending upon the characteristics of the final product. Key manufacturers focus on R&D activities to expand their existing product portfolio, which promotes product differentiation. The fermentation products industry is also expected to witness an increase in acquisitions, mergers, and strategic alliances in the near future.

Ecological concerns, growth of the global bioethanol industry, and increase in demand for antibiotics drive the fermentation products market. In addition, rise in use of fermentation products as raw materials in plastic, textile, leather, rubber, and chemical industries and increase in awareness among consumers about benefits of bio-based products fuel the market growth. Irregular supply of raw materials, such as microorganisms & nutrients, to manufacture fermentation products, stringent government regulations, and high production costs hinder market growth. Moreover, economic viability of fermentation-based chemical industry is dependent on the price levels of substitute feedstocks and comparative product yields. However, increase in demand for fermentation products in emerging economies, such as India, China, and Brazil, and expanding applications and technological innovations in this field present as major opportunities for growth.

The fermentation products market is segmented based on type, feedstock, process, end-user industry, and geography. Based on type, it is classified into alcohols, amino acids, organic acids, biogas, polymers, vitamins, antibiotics, and industrial enzymes. The feedstock segment includes corn, rice, wheat, sugarcane, cassava, barley, potatoes, sorghum, sugar beet, other coarse grains, and other roots & tubers. Other coarse grains include oats, millet, triticale, buckwheat, rye, canary seed, fonio, and quinoa. Other roots & tubers comprise yams, sweet potatoes, yautia and taro. Based on process, the market is classified into batch fermentation, continuous fermentation, and others (aerobic and anaerobic fermentation). Fermentation products are used by various end-user industries such as food & beverages; pharmaceutical; agriculture; personal care; animal feed; textile & leather; and others (paper, bioremediation, environment, and biochemistry). Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Major players operating in this market include the following:

AB Enzymes GmbH
Ajinomoto Company Incorporation
Amano Enzyme Inc.
BASF SE
Chr. Hansen A/S
Du Pont Danisco A/S
Evonik Industries AG
Lonza Group Ltd.
Novozymes A/S
The Dow Chemical Company

KEY BENEFITS FOR STAKEHOLDERS

This report provides a quantitative analysis of the current trends and estimations from 2017 to 2023 of fermentation products market to identify the prevailing market opportunities.
Major countries in each region are mapped according to individual market revenue.
Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
An in-depth analysis of current research and clinical developments within the market is provided with key dynamic factors that highlight the market behavior.
Leading players and their key developments in the recent years are listed.

KEY MARKET SEGMENTS

By Type

Alcohols
Amino Acids
Organic Acids
Biogas
Polymers
Vitamins
Antibiotics
Industrial Enzymes

By Feedstock

Corn
Rice
Wheat
Sugarcane
Cassava
Barley
Potatoes
Sorghum
Sugar Beet
Other Coarse Grains (Oats, Millet, Triticale, Buckwheat, Rye, Canary Seed, Fonio, and Quinoa)
Other Roots & Tubers (Yams, Sweet Potatoes, Yautia, and Taro)

By Process

Batch Fermentation
Continuous Fermentation
Others (Aerobic and Anaerobic Fermentation)

By End-user Industry

Food & Beverages
Pharmaceutical
Agriculture
Personal Care
Animal Feed
Textile & Leather
Others (Paper, Bioremediation, Environment, and Biochemistry)

By Geography

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
Turkey
Rest of LAMEA

KEY PLAYERS

Koninklijke DSM N.V.
Archer Daniels Midland Company
Cargill Inc.
Alcogroup S.A.
Syngar Technologies Inc.
Döhler Group
CBH Qingdao Co., Ltd.
Hebei Kangdali Pharmaceutical Co., Ltd.
(Companies mentioned above are not profiled in the report, but can be profiled upon client request.)
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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Ab Enzymes Gmbh
  • Amano Enzyme Inc.
  • Basf Se
  • Chr. Hansen A/S
  • Du Pont Danisco A/S
  • Evonik Industries Ag
  • MORE
CHAPTER 1. INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENT
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tool & Model

CHAPTER 2. EXECUTIVE SUMMARY

2.1. MARKET SNAPSHOT
2.2. CXO PERSPECTIVES

CHAPTER 3. MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top Investment Pockets
3.2.2. Top winning strategies

3.3. PORTERS FIVE FORCES ANALYSIS
3.4. MARKET DYNAMICS

3.4.1. Drivers

3.4.1.1. Ecological concerns
3.4.1.2. Development of bioethanol industry
3.4.1.3. Increasing demand for antibiotics

3.4.2. Restraints

3.4.2.1. Irregular supply of raw materials
3.4.2.2. High manufacturing cost

3.4.3. Opportunities

3.4.3.1. Technological innovation and expanding applications
3.4.3.2. Growing demand from emerging economies

3.5. MARKET SHARE ANALYSIS, 2016 (%)

CHAPTER 4. GLOBAL FERMENTATION PRODUCTS MARKET, BY TYPE

4.1. INTRODUCTION

4.1.1. Market Size and Forecast

4.2. ALCOHOLS

4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast

4.3. AMINO ACIDS

4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast

4.4. ORGANIC ACIDS

4.4.1. Key Market Trends, Growth Factors and Opportunities
4.4.2. Market Size and Forecast

4.5. BIOGAS

4.5.1. Key Market Trends, Growth Factors and Opportunities
4.5.2. Market Size and Forecast

4.6. POLYMERS

4.6.1. Key Market Trends, Growth Factors and Opportunities
4.6.2. Market Size and Forecast

4.7. VITAMINS

4.7.1. Key Market Trends, Growth Factors and Opportunities
4.7.2. Market Size and Forecast

4.8. ANTIBIOTICS

4.8.1. Key Market Trends, Growth Factors and Opportunities
4.8.2. Market Size and Forecast

4.9. INDUSTRIAL ENZYMES

4.9.1. Key Market Trends, Growth Factors and Opportunities
4.9.2. Market Size and Forecast

CHAPTER 5. GLOBAL FERMENTATION PRODUCTS MARKET, BY FEEDSTOCK

5.1. INTRODUCTION

5.1.1. Market Size and Forecast

5.2. CORN

5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast

5.3. RICE

5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast

5.4. WHEAT

5.4.1. Key Market Trends, Growth Factors and Opportunities
5.4.2. Market Size and Forecast

5.5. SUGAR CANE

5.5.1. Key Market Trends, Growth Factors and Opportunities
5.5.2. Market Size and Forecast

5.6. CASSAVA

5.6.1. Key Market Trends, Growth Factors and Opportunities
5.6.2. Market Size and Forecast

5.7. BARLEY

5.7.1. Key Market Trends, Growth Factors and Opportunities
5.7.2. Market Size and Forecast

5.8. POTATOES

5.8.1. Key Market Trends, Growth Factors and Opportunities
5.8.2. Market Size and Forecast

5.9. SORGHUM

5.9.1. Key Market Trends, Growth Factors and Opportunities
5.9.2. Market Size and Forecast

5.10. SUGAR BEET

5.10.1. Key Market Trends, Growth Factors and Opportunities
5.10.2. Market Size and Forecast

5.11. OTHER COARSE GRAINS

5.11.1. Key Market Trends, Growth Factors and Opportunities
5.11.2. Market Size and Forecast

5.12. OTHER ROOTS & TUBERS

5.12.1. Key Market Trends, Growth Factors and Opportunities
5.12.2. Market Size and Forecast

CHAPTER 6. GLOBAL FERMENTATION PRODUCTS MARKET, BY PROCESS

6.1. INTRODUCTION

6.1.1. Market Size and Forecast

6.2. BATCH FERMENTATION

6.2.1. Key Market Trends, Growth Factors and Opportunities
6.2.2. Market Size and Forecast

6.3. CONTINUOUS FERMENTATION

6.3.1. Key Market Trends, Growth Factors and Opportunities
6.3.2. Market Size and Forecast

6.4. OTHERS

6.4.1. Key Market Trends, Growth Factors and Opportunities
6.4.2. Market Size and Forecast

CHAPTER 7. GLOBAL FERMENTATION PRODUCTS MARKET, BY END-USER INDUSTRY

7.1. INTRODUCTION

7.1.1. Market Size and Forecast

7.2. FOOD & BEVERAGES

7.2.1. Key Market Trends, Growth Factors and Opportunities
7.2.2. Market Size and Forecast

7.3. PHARMACEUTICAL

7.3.1. Key Market Trends, Growth Factors and Opportunities
7.3.2. Market Size and Forecast

7.4. AGRICULTURE

7.4.1. Key Market Trends, Growth Factors and Opportunities
7.4.2. Market Size and Forecast

7.5. PERSONAL CARE

7.5.1. Key Market Trends, Growth Factors and Opportunities
7.5.2. Market Size and Forecast

7.6. ANIMAL FEED

7.6.1. Key Market Trends, Growth Factors and Opportunities
7.6.2. Market Size and Forecast

7.7. TEXTILE & LEATHER

7.7.1. Key Market Trends, Growth Factors and Opportunities
7.7.2. Market Size and Forecast

7.8. OTHERS

7.8.1. Key Market Trends, Growth Factors and Opportunities
7.8.2. Market Size and Forecast

CHAPTER 8. GLOBAL FERMENTATION PRODUCTS MARKET, BY GEOGRAPHY

8.1. INTRODUCTION

8.1.1. Market Size and Forecast

8.2. NORTH AMERICA

8.2.1. Key Market Trends, Growth Factors and Opportunities
8.2.2. Market Size and Forecast
8.2.3. U.S.

8.2.3.1. Market size and forecast, by type

8.2.4. Mexico

8.2.4.1. Market size and forecast, by type

8.2.5. Canada

8.2.5.1. Market size and forecast, by type

8.3. EUROPE

8.3.1. Key Market Trends, Growth Factors and Opportunities
8.3.2. Market Size and Forecast
8.3.3. UK

8.3.3.1. Market size and forecast, by type

8.3.4. Germany

8.3.4.1. Market size and forecast, by type

8.3.5. France

8.3.5.1. Market size and forecast, by type

8.3.6. Spain

8.3.6.1. Market size and forecast, by type

8.3.7. Italy

8.3.7.1. Market size and forecast, by type

8.3.8. Rest of Europe

8.3.8.1. Market size and forecast, by type

8.4. ASIA-PACIFIC

8.4.1. Key Market Trends, Growth Factors and Opportunities
8.4.2. Market Size and Forecast
8.4.3. China

8.4.3.1. Market size and forecast, by type

8.4.4. Japan

8.4.4.1. Market size and forecast, by type

8.4.5. India

8.4.5.1. Market size and forecast, by type

8.4.6. Australia

8.4.6.1. Market size and forecast, by type

8.4.7. South Korea

8.4.7.1. Market size and forecast, by type

8.4.8. Rest of Asia-Pacific

8.4.8.1. Market size and forecast, by type

8.5. LAMEA

8.5.1. Key Market Trends, Growth Factors and Opportunities
8.5.2. Market Size and Forecast
8.5.3. Brazil

8.5.3.1. Market size and forecast, by type

8.5.4. South Africa

8.5.4.1. Market size and forecast, by type

8.5.5. Saudi Arabia

8.5.5.1. Market size and forecast, by type

8.5.6. Turkey

8.5.6.1. Market size and forecast, by type

8.5.7. Rest of LAMEA

8.5.7.1. Market size and forecast, by type

CHAPTER 9. COMPANY PROFILES

9.1. AB ENZYMES GMBH

9.1.1. Company Overview
9.1.2. Company Snapshot
9.1.3. Operating Business Segments
9.1.4. Business Performance
9.1.5. Key Strategic Moves and Developments

9.2. AJINOMOTO COMPANY INCORPORATION

9.2.1. Company Overview
9.2.2. Company Snapshot
9.2.3. Operating Business Segments
9.2.4. Business Performance
9.2.5. Key Strategic Moves and Developments

9.3. AMANO ENZYME INC.

9.3.1. Company Overview
9.3.2. Company Snapshot
9.3.3. Operating Business Segments
9.3.4. Business Performance
9.3.5. Key Strategic Moves and Developments

9.4. BASF SE

9.4.1. Company Overview
9.4.2. Company Snapshot
9.4.3. Operating Business Segments
9.4.4. Business Performance
9.4.5. Key Strategic Moves and Developments

9.5. CHR. HANSEN A/S

9.5.1. Company Overview
9.5.2. Company Snapshot
9.5.3. Operating Business Segments
9.5.4. Business Performance
9.5.5. Key Strategic Moves and Developments

9.6. DU PONT DANISCO A/S

9.6.1. Company Overview
9.6.2. Company Snapshot
9.6.3. Operating Business Segments
9.6.4. Business Performance
9.6.5. Key Strategic Moves and Developments

9.7. EVONIK INDUSTRIES AG

9.7.1. Company Overview
9.7.2. Company Snapshot
9.7.3. Operating Business Segments
9.7.4. Business Performance
9.7.5. Key Strategic Moves and Developments

9.8. LONZA GROUP LTD.

9.8.1. Company Overview
9.8.2. Company Snapshot
9.8.3. Operating Business Segments
9.8.4. Business Performance
9.8.5. Key Strategic Moves and Developments

9.9. NOVOZYMES A/S

9.9.1. Company Overview
9.9.2. Company Snapshot
9.9.3. Operating Business Segments
9.9.4. Business Performance
9.9.5. Key Strategic Moves and Developments

9.10. THE DOW CHEMICAL COMPANY

9.10.1. Company Overview
9.10.2. Company Snapshot
9.10.3. Operating Business Segments
9.10.4. Business Performance
9.10.5. Key Strategic Moves and Developments
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FEATURED COMPANIES

  • Ab Enzymes Gmbh
  • Amano Enzyme Inc.
  • Basf Se
  • Chr. Hansen A/S
  • Du Pont Danisco A/S
  • Evonik Industries Ag
  • MORE
According to a new report titled, Fermentation Products Market by Type, Feedstock, Process, and End-user Industry: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global fermentation products market was valued at $149,469 million in 2016, and is projected to reach at $205,465 million by 2023, growing at a CAGR of 4.7% from 2017 to 2023. The alcohols segment dominated the market in 2016, accounting for more than half of the market share, in terms of volume.

Fermentation products are active ingredients processed through industrial fermentation techniques. They are used to manufacture various bio-based products and are environment friendly, thus are increasingly being employed in numerous industrial applications. Rise in ecological concerns; increase in demand for antibiotics; development of global bioethanol industry; rise in awareness among consumers about bio-based products; and increase in application of fermentation products in plastic, rubber, chemical, textile & leather industry drive the market growth globally. Regulations imposed by governmental agencies, such as European Commission and Environmental Protection Agency (EPA), categorically support green chemistry, thus encouraging fermentation product manufacturers.
In 2016, the alcohols segment accounted for more than half of the market, in terms of revenue, due to change in lifestyle and increase in disposable income of the population. Rise in luxury living has led to an increased demand for quality wine and beer, which utilize fermented alcohol in their formulation. Polymers is witnessing the highest CAGR, owing to the high demand for natural food & beverage and gluten-free products.
Sugar beet accounted for the maximum market share, in terms of both volume and revenue, in 2016. Sugar beet grown in North-West Europe, especially Netherlands, is cost competitive due to presence of large-scale facilities, high sugar yields per hectare, and low outbound & inbound transportation costs.
The food & beverage segment accounted for the highest share, in terms of both volume and revenue, in 2016, as fermentation products increase shelf life of products and provide a flavor, texture, and aroma to food products.

Key Findings of the Fermentation Products Market:
North America is expected to lead the market during the forecast period, followed by LAMEA.
The polymers segment is expected to show highest growth rate by type, registering a CAGR of 13.4% from 2017 to 2023.
Sugar beet was the largest segment by feedstock in fermentation products market, in terms of volume, in 2016.
South Africa accounted for 21.5% share, in terms of volume, in the LAMEA market in 2016.
UK accounted for 17.9% share, in terms of revenue, in the European market, in 2016.
India is expected to grow at the highest CAGR of 7.4% during the forecast period.
North America and LAMEA collectively accounted for more than half of the market share, in terms of revenue, in 2016. In the same year, North America dominated the market, owing to the increase in demand for alcohols, growth in consumer awareness about benefits of bio-based products, increase in applications in industrial biotechnology, and rise in environmental concerns.
The prominent market players profiled in the report include AB Enzymes GmbH, Ajinomoto Company Incorporation, Amano Enzyme Inc., BASF SE, Chr. Hansen A/S, Du Pont Danisco A/S, Evonik Industries AG, Lonza Group Ltd., Novozymes A/S, and The Dow Chemical Company.
Note: Product cover images may vary from those shown
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  • Ab Enzymes Gmbh
  • Ajinomoto Company Incorporation
  • Amano Enzyme Inc.
  • Basf Se
  • Chr. Hansen A/S
  • Du Pont Danisco A/S
  • Evonik Industries Ag
  • Lonza Group Ltd.
  • Novozymes A/S
  • The Dow Chemical Company
Note: Product cover images may vary from those shown
6 of 5
Note: Product cover images may vary from those shown
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