Fermentation Chemicals Market Size & Growth Analysis to 2030

The global fermentation chemicals market size was estimated at around USD 59 billion in 2019 and expected to grow at a significant CAGR of 5.6% market during 2020-2027. Fermentation chemicals, as the name suggests, are used in the fermentation process to help increase the pace of the process and play a vital role as process initiators in an array of applications. They act as catalysts or process-enhancing chemicals and hence contribute to considerably reducing the manufacturing cost, chemical reaction time (fermentation time) as well as energy consumption; thus making the fermentation process more economically attractive. Owing to their natural structure, low cost, and productivity-enhancing features, fermentation chemicals find applications across multiple industries worldwide.

Market Insights:

The alcohol industry is major consumer of fermentation chemicals. Beer, wine, and spirits are the major products produced by fermentation chemicals. Therefore, high demand from the alcohol industry is expected to boost market demand for fermentation chemicals in 2020. Industrial applications accounted for major share of the global fermentation chemicals market in 2019. Fermentation chemicals are used on a large scale in industries such as chemicals, rubber, and plastic among others. The major factors contributing to the high demand for fermentation chemicals include growing demand from the cosmetic & pharmaceutical industry. Other applications such as plastic & fibers are also projected to fuel the market growth of fermentation chemicals in the near future.

Market Segment Insights:

Alcohols accounted as the largest product segment formed from fermentation. It accounted for over 50% share of the global fermentation chemicals market in 2019. Alcohol is used on a large scale across various industries. High demand for alcohol from a wide range of industries is the major factor driving the growth of the global fermentation chemicals market. Chemicals, pharmaceuticals, beverages, industrial, and plastics are some of the industries which make use of fermentation technology on a large scale. Industrial applications accounted for 47% share of the global fermentation chemicals market. High demand for fermentation chemicals from chemical, plastic, rubber, leather, and textile industry has led to the booming growth of this market and is anticipated to increase in the near future.

Global Fermentation Chemicals Market Segmentation:

By Product, 2018–2027 ($ Millon)

• Alcohol
• Enzymes
• Organic Acid
• Others

By Application, 2018–2027 ($ Millon)

• Industrial Applications Market
• Food & Beverages Market
• Nutritional & Pharmaceutical Market
• Plastics & Fibres Market
• Others

By Geography, 2018-2027 ($ Millon)

• North America
• Europe
• Asia Pacific
• Latin America (LATAM)
• Middle East and Africa (MEA)

Regional Insights:

North America accounted for the largest share of the global fermentation chemicals market in 2019. The flourishing pharmaceutical industry and rising demand in the industrial applications which include animal feed, food additives, etc. are expected to drive the demand for the fermentation chemicals market in North America. The U.S. is the major contributor to the demand for fermentation chemicals among the countries in North America. The Asia Pacific followed North America in terms of the growth of the fermentation chemicals market. Increasing demand from the cosmetics industry is another factor contributing to the growth of the fermentation chemicals market in the Asia Pacific. Pharmaceutical proteins are produced using the fermentation process. Therefore high demand is experienced from the cosmetics and pharmaceutical industry.

Market Competition Assessment:

The major players currently operating in the global fermentation chemicals market include Ajinomoto Company Corporation, AB Enzymes Gmbh, BASF Se, Amano Enzyme Inc., Dow Chemical Company, Archer Daniels Midland Company, Novozymes A/S, Cargill Inc., Evonik Industries Ag, Du Pont Danisco A/S, DSM, Chr. Hansen A/S, Fuso Chemical, Hoffmann-La Roche, and Amino.

List of Key Companies:

• AB Enzymes Gmbh
• Ajinomoto Company Corporation
• Amano Enzyme Inc.
• Amino
• Archer Daniels Midland Company
• BASF Se
• Cargill Inc.
• Hansen A/S
• Dow Chemical Company
• DSM
• Du Pont Danisco A/S
• Evonik Industries Ag
• Fuso Chemical
• Hoffmann-La Roche
• Novozymes A/S

Key Questions Answered by Fermentation Chemicals Market Report

• Global fermentation chemicals market forecasts from 2020-2027
• Regional fermentation chemicals market forecasts from 2020-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
• Country-level forecasts from 2020-2027 covering 15 major countries from the aforementioned regions
• Fermentation Chemicals submarket forecasts from 2020-2027 covering submarket 1, submarket 2 submarket 3
• Various industry models such as SWOT analysis, Pestle Analysis, Porter’s Five Force model, Value Chain Analysis pertaining to the fermentation chemicals market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level fermentation chemicals markets from 2020-2027
• Competitive Landscape and market positioning of top 10 players operating in the fermentation chemicals market

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