Global Fermentation Chemicals Market Size By Product (Organic Acid, Enzymes), By Application (Food And Beverages, Pharmaceuticals), By Geographic Scope And Forecast

Fermentation Chemicals Market Size And Forecast

Fermentation Chemicals Market size was valued at USD 64.59 Billion in 2022 and is projected to reach USD 100.20 Billion by 2030, growing at a CAGR of 5.10% from 2023 to 2030.

The Global Fermentation Chemicals Market is expected to showcase substantial growth during the forecasted period with a boost in the market demand due to the cost-effectiveness offered by the synthetic or petroleum-derived counterparts along with the sustainable friendly nature of fermentation chemicals. Increasing crude oil prices also add to the market growth of this segment during the forecasted period. The Global Fermentation Chemicals Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Fermentation Chemicals Market Definition

Fermentation chemicals are used as a catalyst for the process of enhancing chemicals to speed up the process of fermentation. These chemicals are used as essential raw materials in the alcohol industry. The fermentation process produces ethanol which is the main ingredient in the production of alcoholic beverages.

Vegetable feedstock like corn, sugar, and starch are the primary compositions of these chemicals. The absence of feedstock has resulted in most end-use industries using these products in the fermentation process. Major raw materials used for production include beet, sugarcane, tapioca, wheat, and corn. These agro derivatives are high in starch and carbohydrate contents. As a result, the food industry is a major consumer of fermentation chemicals.

Global Fermentation Chemicals Market Overview

There has been a paradigm shift globally towards the sustainable development lifestyle and mode of doing operations. Fermentation chemicals are environmentally friendly and offer attractive cost benefits over synthetic and petroleum-derived counterparts which is a major driving factor for this market. Increasing crude oil prices portray fermentation chemicals as a relatively cheaper and sustainable option which contributes to the overall market demand of this segment for the projected period.

Growing initiatives in the research efforts by pharmaceutical companies to develop novel medicines using bacteria cultivation are expected to further drive the overall market demand. However, high capital costs along with a complex fermentation process are some of the restraining factors of this market.

Global Fermentation Chemicals Market Segmentation Analysis

The Global Fermentation Chemicals Market is Segmented on the basis of Product, Application, And Geography.

Fermentation Chemicals Market, By Product

• Organic Acid
• Enzymes
• Alcohol
• Others

Based on Product, the market is segmented into Organic Acid, Enzymes, Alcohol, and Others. Organic acids make a group among the building block chemicals which can be developed by microbial processes. These differ based on the involvement of carbon, hydrogen, and oxygen elements. Some of the types of organic acids produced are citric acid, succinic acid, lactic acid, and others. Solid-state fermentation is the cultivation of microorganisms and hence enzymes of a solid substrate. Submerged fermentation involves the production of enzymes by microorganisms in a liquid nutrient medium. Alcohol fermentation is a complex biochemical process during which yeasts convert sugars to ethanol, carbon dioxide, and other metabolic by-products.

Fermentation Chemicals Market, By Application

• Food and Beverages
• Pharmaceuticals
• Plastic and Fibers
• Industrial
• Others

Based on Application, the market is segmented into Food and Beverages, Pharmaceuticals, Plastic and Fibers, Industrial, and Others. Fermentation chemicals are a major part of the food production process in the food and beverage industry like bread production using yeast and alcoholic beverage production using fermented chemicals like glycerol. Microbial fermentation is used to produce therapeutic proteins in the pharmaceutical sector. Fermentation chemicals are used in industries to produce ethanol for the production of biofuel.

Fermentation Chemicals Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Geography, The Global Fermentation Chemicals Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America is expected to account for the largest share of the market and will be dominating throughout the estimated period. This is due to the rising use of bio-based raw materials, and increasing demand for biodegradable plastics and ethanol fuel is anticipated to further accelerate the demand of the market in the region. The Asia-Pacific market is expected to exhibit the highest CAGR during the forecast period due to the growing demand for fermented chemicals in pharmaceutical production coupled with the growing adoption of organic food and beverages.

Key Players

The “Global Fermentation Chemicals Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Evonik Industries AG, Novozymes A/S, Ajinomoto Co. Inc, DSM, Chr. Hansen A/S, AB Enzymes, The Dow Chemical Company, Cargill Incorporated, Archer Daniels Midland Company, and BASF SE. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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