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The Fermentation Chemicals market was estimated at around USD 62.56 billion in 2021, growing at a CAGR of nearly 5% during 2022-2030. The market is projected to reach approximately USD 96.95 billion by 2030.
Chemicals used in fermentation are employed as a catalyst for the process of increasing chemicals to hasten fermentation. In the production of alcohol, these compounds serve as vital raw materials. Ethanol, the primary component in the creation of alcoholic beverages, is produced during the fermentation process. The main components of these compounds are vegetable feedstocks including corn, sugar, and starch. The majority of end-use businesses now utilize these products in the fermentation process because there aren't any feedstocks available. Beet, sugarcane, tapioca, wheat, and corn are among of the primary raw materials utilized in manufacture. These agricultural byproducts are rich in carbohydrates and starch. As a result, a significant portion of fermentation chemicals are used in the food business.
The use of fermentation chemicals to flavor or lengthen the shelf life of products is a key factor in industrial progress. The growth of personal care products in emerging countries is also expected to raise the market share of fermentation chemicals during the coming years. During the anticipated time frame, rising consumer spending on hygiene and personal care products as well as the economic growth of developing nations will be the main drivers of fermentation chemical sales.
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Fermentation chemicals' market expansion and expanding industrial application areas are anticipated to be fueled by rising R&D, biotechnology, and production from renewable sources investments. However, manufacturing from lignocellulosic feedstock (which necessitates carbohydrate fermentation) has its own drawbacks, including low overall conversion and comparatively fewer applications of directly biosynthesized fermentation chemicals. Furthermore, a general decline in the demand for biofuels and other chemicals with non-medical applications due to COVID-19 has had a negative impact on market growth in the industrial application market space. However, consumers' shifting emphasis to processed or packaged foods, particularly during the COVID-19 era, is driving up product demand. This is due to changing consumer eating habits and a lack of time to prepare and consume healthy food. The market is expanding because to the time savings and less labor involved in meal preparation that processed food offers.
Increasing meat demand to accelerate the market’s growth
The demand for meat is projected to see significant growth internationally due to the growing population and economies of developing nations. The consumption of meat is anticipated to increase in the future due to shifting dietary habits in various parts of the world. Meat consumption is broken down into four categories based on consumption: pork, poultry, sheep, and beef and veal. The majority of the meat consumed in developing nations is made up of pork and chicken. Pig farmers and poultry owners are focusing more on the feed given to animals as a result of the rising demand for meat. Natural feedstock and amino acids are essential for animal raising. Meat's quality and quantity are improved by amino acids. As one of the main animal feed additives due to their nutritional value, the demand for amino acids is anticipated to increase in the worldwide meat market. Animals' muscle tissues can develop with the aid of these. The market for fermentation chemicals is anticipated to increase as a result of the fact that amino acids enable the efficient use of feedstock. Major players are concentrating on expanding their capacity for amino acid synthesis to satisfy the rising demand internationally.
Growing pharmaceutical industry
The pharmaceutical market in the U.S. is anticipated to expand. It is anticipated that pharmaceutical companies will conduct more research to create novel medicines by cultivating microorganisms. Regulating agencies like the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy have implemented strict laws on greenhouse gas (GHG) emissions from chemical industries. This finally caused industry participants to change their attention to exploiting biological methods for chemical synthesis.
Fermentation Chemicals Market: Segmentation Analysis
The fermentation chemicals market is segmented into the product, and application. According to product, the organic acid category will hold a greater market share over the next several years, and the quantity of money made from using this product will increase significantly. Organic acids play a prominent role among the core types of substances that can be produced by microbial activity. These are distinct from one another based on the presence of the elements carbon, hydrogen, and oxygen. Among the organic acids that are produced are lactic acid, succinic acid, citric acid, and succinic acid.
By application, the industrial applications segment is anticipated to dominant the fermentation chemicals market during the forecast period. Chemicals for fermentation are typically used in industrial settings. Higher penetration has been attained as a result of the adoption of green chemistry and numerous rules for commercial and industrial uses. Industrial fermentation refers to the use of microorganisms, such as fungus, bacteria, and eukaryotic cells, in the production of products including ethanol, citric acid, and acetic acid. Food additives made from various derived products, such as antioxidants, preservatives, colors, and vitamins, are thought to be preferable to those made from chemicals.
Report Scope
| Attribute | Description |
|---|---|
| Base Year | 2021 |
| Forecast period | 2022-2030 |
| Report Coverage | Revenue estimation and forecast, company profile, competitive landscape, growth factors, and recent trends |
| Regional scope | North America, Europe, Asia Pacific, Middle East & Africa, and Latin America |
| Market Size(unit) | USD Billion |
| CAGR (2022 to 2030) | 5% |
| Segments Covered |
By Product |
North America, which currently has the majority revenue share in the market, is predicted to continue to rank among the most appealing markets throughout the projection period. Major industry players with operations in the food and beverage, pharmaceutical, nutrition, and plastics and fibers sectors are well-represented in the region. Over the course of the forecast period, North America is anticipated to have the quickest growth in the enzymes market. It's anticipated that growing demand for enzymes from numerous industrial uses, including paper, personal care, and starch, will significantly impact industry growth.
The global Fermentation Chemicals market is segmented as follows:
By Product
By Application
By Region/Geography
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Product
4.3.2. Market Attractiveness Analysis By Application
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing meat demand to accelerate the market’s growth
5.2.2. Growing pharmaceutical industry
5.3. Restrains
5.3.1. High cost associated with the fermentation of lactic acids would hamper the market
5.4. Opportunities
5.4.1. Growing polymer industry
6. Global Fermentation Chemicals Market Analysis and Forecast, By Product
6.1. Segment Overview
6.2. Organic Acid
6.3. Enzymes
6.4. Alcohol
6.5. Others
7. Global Fermentation Chemicals Market Analysis and Forecast, By Application
7.1. Segment Overview
7.2. Food and Beverages
7.3. Pharmaceuticals
7.4. Plastic and Fibers
7.5. Industrial
7.6. Others
8. Global Fermentation Chemicals Market Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.3.6. Rest of Europe
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.4.4. Australia
8.4.5. South Korea
8.4.6. Rest of Asia-Pacific
8.5. South America
8.5.1. Brazil
8.5.2. Argentina
8.5.3. Rest of South America
8.6. Middle East and Africa
8.6.1. UAE
8.6.2. South Africa
8.6.3. Egypt
8.6.4. Kuwait
8.6.5. Saudi Arabia
8.6.6. Rest of Middle East & Africa
9. Global Fermentation Chemicals Market-Competitive Landscape
9.1. Overview
9.2. Market Share of Key Players in the Fermentation Chemicals Market
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. Product Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
9.3.4. Expansions
10. Company Profiles
10.1. Novozymes A/S
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Application Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. Ajinomoto Co., Inc.
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Application Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. BASF SE
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Application Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. ADM
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Application Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. Cargill, Incorporated
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Application Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. AB Enzymes
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Application Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. DuPont
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company Application Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. DSM
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company Application Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.9. Evonik Industries AG
10.9.1. Business Overview
10.9.2. Company Snapshot
10.9.3. Company Market Share Analysis
10.9.4. Company Application Portfolio
10.9.5. Recent Developments
10.9.6. SWOT Analysis
10.10. Amano Enzyme Inc.
10.10.1. Business Overview
10.10.2. Company Snapshot
10.10.3. Company Market Share Analysis
10.10.4. Company Application Portfolio
10.10.5. Recent Developments
10.10.6. SWOT Analysis
List of Table
1. Global Fermentation Chemicals Market, By Product, 2022-2030(USD Billion)
2. Global Organic Acid Fermentation Chemicals Market, By Region, 2022-2030(USD Billion)
3. Global Enzymes Fermentation Chemicals Market, By Region, 2022-2030(USD Billion)
4. Global Alcohol Fermentation Chemicals Market, By Region, 2022-2030(USD Billion)
5. Global Others Fermentation Chemicals Market, By Region, 2022-2030(USD Billion)
6. Global Fermentation Chemicals Market, By Application, 2022-2030(USD Billion)
7. Global Food and Beverages Fermentation Chemicals Market, By Region, 2022-2030(USD Billion)
8. Global Pharmaceuticals Fermentation Chemicals Market, By Region, 2022-2030(USD Billion)
9. Global Plastic and Fibers Fermentation Chemicals Market, By Region, 2022-2030(USD Billion)
10. Global Industrial Fermentation Chemicals Market, By Region, 2022-2030(USD Billion)
11. Global Others Fermentation Chemicals Market, By Region, 2022-2030(USD Billion)
12. Global Fermentation Chemicals Market, By Region, 2022-2030(USD Billion)
13. Global Fermentation Chemicals Market, By North America, 2022-2030(USD Billion)
14. North America Fermentation Chemicals Market, By Product, 2022-2030(USD Billion)
15. North America Fermentation Chemicals Market, By Application, 2022-2030(USD Billion)
16. U.S. Fermentation Chemicals Market, By Product, 2022-2030(USD Billion)
17. U.S. Fermentation Chemicals Market, By Application, 2022-2030(USD Billion)
18. Canada Fermentation Chemicals Market, By Product, 2022-2030(USD Billion)
19. Canada Fermentation Chemicals Market, By Application, 2022-2030(USD Billion)
20. Mexico Fermentation Chemicals Market, By Product, 2022-2030(USD Billion)
21. Mexico Fermentation Chemicals Market, By Application, 2022-2030(USD Billion)
22. Europe Fermentation Chemicals Market, By Product, 2022-2030(USD Billion)
23. Europe Fermentation Chemicals Market, By Application, 2022-2030(USD Billion)
24. Germany Fermentation Chemicals Market, By Product, 2022-2030(USD Billion)
25. Germany Fermentation Chemicals Market, By Application, 2022-2030(USD Billion)
26. France Fermentation Chemicals Market, By Product, 2022-2030(USD Billion)
27. France Fermentation Chemicals Market, By Application, 2022-2030(USD Billion)
28. U.K. Fermentation Chemicals Market, By Product, 2022-2030(USD Billion)
29. U.K. Fermentation Chemicals Market, By Application, 2022-2030(USD Billion)
30. Italy Fermentation Chemicals Market, By Product, 2022-2030(USD Billion)
31. Italy Fermentation Chemicals Market, By Application, 2022-2030(USD Billion)
32. Spain Fermentation Chemicals Market, By Product, 2022-2030(USD Billion)
33. Spain Fermentation Chemicals Market, By Application, 2022-2030(USD Billion)
34. Rest of Europe Fermentation Chemicals Market, By Product, 2022-2030(USD Billion)
35. Rest of Europe Fermentation Chemicals Market, By Application, 2022-2030(USD Billion)
36. Asia Pacific Fermentation Chemicals Market, By Product, 2022-2030(USD Billion)
37. Asia Pacific Fermentation Chemicals Market, By Application, 2022-2030(USD Billion)
38. Japan Fermentation Chemicals Market, By Product, 2022-2030(USD Billion)
39. Japan Fermentation Chemicals Market, By Application, 2022-2030(USD Billion)
40. China Fermentation Chemicals Market, By Product, 2022-2030(USD Billion)
41. China Fermentation Chemicals Market, By Application, 2022-2030(USD Billion)
42. India Fermentation Chemicals Market, By Product, 2022-2030(USD Billion)
43. India Fermentation Chemicals Market, By Application, 2022-2030(USD Billion)
44. Australia Fermentation Chemicals Market, By Product, 2022-2030(USD Billion)
45. Australia Fermentation Chemicals Market, By Application, 2022-2030(USD Billion)
46. South Korea Fermentation Chemicals Market, By Product, 2022-2030(USD Billion)
47. South Korea Fermentation Chemicals Market, By Application, 2022-2030(USD Billion)
48. Rest of Asia-Pacific Fermentation Chemicals Market, By Product, 2022-2030(USD Billion)
49. Rest of Asia-Pacific Fermentation Chemicals Market, By Application, 2022-2030(USD Billion)
50. South America Fermentation Chemicals Market, By Product, 2022-2030(USD Billion)
51. South America Fermentation Chemicals Market, By Application, 2022-2030(USD Billion)
52. Brazil Fermentation Chemicals Market, By Product, 2022-2030(USD Billion)
53. Brazil Fermentation Chemicals Market, By Application, 2022-2030(USD Billion)
54. Argentina Fermentation Chemicals Market, By Product, 2022-2030(USD Billion)
55. Argentina Fermentation Chemicals Market, By Application, 2022-2030(USD Billion)
56. Rest of Latin America Fermentation Chemicals Market, By Product, 2022-2030(USD Billion)
57. Rest of Latin America Fermentation Chemicals Market, By Application, 2022-2030(USD Billion)
58. Middle East and Africa Fermentation Chemicals Market, By Product, 2022-2030(USD Billion)
59. Middle East and Africa Fermentation Chemicals Market, By Application, 2022-2030(USD Billion)
60. UAE Fermentation Chemicals Market, By Product, 2022-2030(USD Billion)
61. UAE Fermentation Chemicals Market, By Application, 2022-2030(USD Billion)
62. South Africa Fermentation Chemicals Market, By Product, 2022-2030(USD Billion)
63. South Africa Fermentation Chemicals Market, By Application, 2022-2030(USD Billion)
64. Egypt Fermentation Chemicals Market, By Product, 2022-2030(USD Billion)
65. Egypt Fermentation Chemicals Market, By Application, 2022-2030(USD Billion)
66. Kuwait Fermentation Chemicals Market, By Product, 2022-2030(USD Billion)
67. Kuwait Fermentation Chemicals Market, By Application, 2022-2030(USD Billion)
68. Saudi Arabia Fermentation Chemicals Market, By Product, 2022-2030(USD Billion)
69. Saudi Arabia Fermentation Chemicals Market, By Application, 2022-2030(USD Billion)
70. Rest of Middle East Fermentation Chemicals Market, By Product, 2022-2030(USD Billion)
71. Rest of Middle East Fermentation Chemicals Market, By Application, 2022-2030(USD Billion)
List of Figures
1. Global Fermentation Chemicals Market Segmentation
2. Fermentation Chemicals Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Fermentation Chemicals Market Attractiveness Analysis By Product
9. Global Fermentation Chemicals Market Attractiveness Analysis By Application
10. Global Fermentation Chemicals Market Attractiveness Analysis By Region
11. Global Fermentation Chemicals Market: Dynamics
12. Global Fermentation Chemicals Market Share By Product(2022 & 2030)
13. Global Fermentation Chemicals Market Share By Application(2022 & 2030)
14. Global Fermentation Chemicals Market Share by Regions (2022 & 2030)
15. Global Fermentation Chemicals Market Share by Company (2021)
By Product
By Application
By Region/Geography
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