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Fermentation Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 147 Pages
  • September 2023
  • Region: Global
  • IMARC Group
  • ID: 5633166

Quick Summary:

In the ever-evolving world of chemical reactions and industrialization, the global fermentation chemicals market stands tall as a key player and strategic resource for organizations across various sectors. Fermentation chemicals catalyze and expedite essential production processes in a myriad of industries, ranging from food and beverage to pharmaceuticals, plastics, and more. Their high adaptability and efficiency positions them as a crucial component in reducing manufacturing costs, fermentation time, and energy consumption, ensuring optimal production rates for organizations.

As sustainability continues to be prioritized, the demand for greener, bio-based solutions is soaring, boosting the market for fermentation chemicals worldwide. Other driving factors include developments in fermentation technologies, large-scale production of organic acids, and the increasing use of these chemicals in the production of steroids and antibiotics. Given their versatility and operational advantages, investing in the fermentation chemicals market will be a strategic decision that holds promising prospects for the future.

The global fermentation chemicals market size reached US$ 74.6 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 104.0 Billion by 2028, exhibiting a growth rate (CAGR) of 6.2% during 2023-2028.

Fermentation chemicals are used to catalyze or initiate the chemical process of fermentation in various products. These chemicals are majorly manufactured using vegetable feedstock, such as sugar, corn and starch, and are used in the production of bioplastics, biofuels, polymers and composites, among other products. They are crucial for increasing the pace of the chemical reaction, which contributes to minimize the overall manufacturing cost, fermentation time and energy consumption. Owing to this, these chemicals find extensive applications across various industries, including plastic manufacturing, pharmaceuticals, nutraceuticals, and food and beverages (F&B).

The growing F&B industry, along with rapid industrialization across the globe, represent as the key factors driving the growth of the market. Furthermore, the rising demand for alcoholic beverages is also providing a boost to the market growth. Fermented chemicals are primarily used in the production of various alcoholic beverages and food products, such as breads, cheese and pickles. Additionally, advancements in fermentation technologies have enabled large-scale production of several organic acids, such as lactic, tartaric and fumaric acid, thereby increasing the demand for fermentation chemicals across the globe. Moreover, growing consumer awareness regarding environment-friendly and bio-based raw materials is creating a positive outlook for the market growth. Industries are gradually shifting their focus toward fermentation chemicals as an alternative to their synthetic or petroleum-derived counterparts. An increasing product adoption for the manufacturing of steroids and antibiotics, along with extensive research and development (R&D) activities, are also projected to drive the market further.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global fermentation chemicals market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on product, form and application.

Breakup by Product:

  • Alcohol
  • Enzymes
  • Organic Acids
  • Others

Breakup by Form:

  • Liquid
  • Powder

Breakup by Application:

  • Industrial Applications
  • Food and Beverages
  • Nutritional and Pharmaceuticals
  • Plastics and Fibers
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being BASF SE, AB Enzymes, Ajinomoto Co. Inc., Amano Enzymes USA, Co., Ltd., Archer Daniels Midland Company (ADM), Cargill Incorporated, Chr. Hansen A/S, Koninklijke DSM N.V., Evonik Industries AG, Novozymes A/S, The Dow Chemical Company, Koch Industries Inc. (Invista BV), etc.

Key Questions Answered in This Report

1. What was the size of the global fermentation chemicals market in 2022?
2. What is the expected growth rate of the global fermentation chemicals market during 2023-2028?
3. What are the key factors driving the global fermentation chemicals market?
4. What has been the impact of COVID-19 on the global fermentation chemicals market?
5. What is the breakup of the global fermentation chemicals market based on the product?
6. What is the breakup of the global fermentation chemicals market based on the application?
7. What are the key regions in the global fermentation chemicals market?
8. Who are the key players/companies in the global fermentation chemicals market?
Frequently Asked Questions about the Global Fermentation Chemicals Market

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

The Global Fermentation Chemicals Market was estimated to be valued at $74.6 Billion in 2022.

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

The growth rate of the Global Fermentation Chemicals Market is 5.7%, with an estimated value of $104 Billion by 2028.

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

The Global Fermentation Chemicals Market is estimated to be worth $104 Billion by 2028.

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

Key companies in the Global Fermentation Chemicals Market include BASF SE, AB Enzymes, Ajinomoto Co. Inc., Amano Enzymes USA, Co. Ltd., Archer Daniels Midland Company (ADM), Cargill Incorporated, Chr. Hansen A/S, Koninklijke DSM N.V. and Evonik Industries AG.

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Fermentation Chemicals Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 Alcohol
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Enzymes
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Organic Acids
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Form
7.1 Liquid
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Powder
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
8.1 Industrial Applications
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Food and Beverages
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Nutritional and Pharmaceuticals
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Plastics and Fibers
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Europe
9.2.1 Germany
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 France
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 United Kingdom
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 Italy
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Spain
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Russia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Asia Pacific
9.3.1 China
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 Japan
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 India
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 South Korea
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Australia
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Indonesia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 BASF SE
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 AB Enzymes
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Ajinomoto Co. Inc.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Amano Enzymes USA, Co., Ltd.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Archer Daniels Midland Company (ADM)
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Cargill Incorporated
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Chr. Hansen A/S
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Koninklijke DSM N.V.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Evonik Industries AG
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Novozymes A/S
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 The Dow Chemical Company
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12 Koch Industries Inc. (Invista BV)
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis

Companies Mentioned

  • BASF SE
  • AB Enzymes
  • Ajinomoto Co. Inc.
  • Amano Enzymes USA
  • Co. Ltd.
  • Archer Daniels Midl
  • Company (ADM)
  • Cargill Incorporated
  • Chr. Hansen A/S
  • Koninklijke DSM N.V.
  • Evonik Industries AG
  • Novozymes A/S
  • The Dow Chemical Company and Koch Industries Inc. (Invista BV)

Methodology

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