EUROPE FERMENTATION CHEMICALS MARKET FORECAST 2017-2025
KEY FINDINGS
Europe will not report very high growth in the forecast period due to strict regulation in food and beverage industry. The Europe fermentation chemicals market generated a revenue of $10.28 billion in 2016 and is anticipated to contribute $16.47 billion by 2025, growing at a CAGR of 5.47%. Various reasons for the growth of the fermentation chemicals market are growing demand for alcohol, increasing usage of the fermentation process in various industries, applications in industrial biotechnology, higher consumer awareness about bio-based products and rising environmental concerns.
Fermentation chemicals are used in the fermentation process and help in speeding up the process. Fermentation chemicals play the role of an initiator and are used as catalysts or processor to hasten the process. This result in cost saving and less time is needed to complete the fermentation process.
Fermentation chemicals are the most important raw material in the alcohol industry. These chemicals are also used in nutritional food, animal feed and food preservation. They are also used in bioplastics and fibers production. Strict environmental regulation from the EPA, European Union etc. will lead to higher demand for green bio-based products and these production methods will utilize fermentation chemicals.
Fermentation chemicals market is segmented on the basis of geography, application, and products. On the basis of products, fermentation chemicals are classified as alcohols, enzymes, organic acid and others. On the basis of application, they are classified as an industrial application, food and beverage, plastic and fibers, nutrition and pharmaceuticals and others.
MARKET INSIGHTS
Market drivers for fermentation chemicals are increasing demand in various industries, growing market for the alcohol industry, strict environmental regulations, higher demand for bio-based products, applications in industrial biotechnology and ease of use.
Alcohols dominate the fermentation chemicals by type. It constitutes 55% market share and as fermentation is an essential part of alcohol production, demand for these in the alcoholic beverage industry is expected to grow at a good CAGR in the forecast period.
Enzymes form the second largest share followed by organic acids. Organic acids are expected to report the highest growth in the forecast period. The reason for increasing demand of organic acids in the forecast period will be their increasing use in oil and gas well treatments. They are also used in food preservation, animal feed and nutritional food. It is predicted that the market for preserved and nutritional food will grow in the future leading to higher demand for organic acids.
The industrial application has the highest market share for fermentation chemicals, which is at 17%. They are used for various industrial processes like plastic, chemical, rubber, biofuel, leather and textile. The detergent industry is the biggest user of enzymes as they have better ability to remove stains and are environment-friendly. Fibers and plastics industry is expected to report the highest growth for fermentation chemicals in the forecast period.
There is an increase in demand for bioplastic from various industries due to environment consciousness. Growth in industrial production along with higher industrial growth in developing economies will lead to increasing demand. More antibiotics and steroids are being produced due to enhanced demand and higher expenditure in developing countries. This too will lead to higher demand for fermentation chemicals. Fermentation chemicals are used as key raw material in pet food production and growth in demand for animal feed additives market will lead to market growth.
Factors that will restrain market growth are an intermittent supply of raw material like microorganisms and nutrients, high production cost and complexity in the manufacturing process.
Europe will not report very high growth in the forecast period due to strict regulation in food and beverage industry. The Europe fermentation chemicals market generated a revenue of $10.28 billion in 2016 and is anticipated to contribute $16.47 billion by 2025, growing at a CAGR of 5.47%. Various reasons for the growth of the fermentation chemicals market are growing demand for alcohol, increasing usage of the fermentation process in various industries, applications in industrial biotechnology, higher consumer awareness about bio-based products and rising environmental concerns.
Fermentation chemicals are used in the fermentation process and help in speeding up the process. Fermentation chemicals play the role of an initiator and are used as catalysts or processor to hasten the process. This result in cost saving and less time is needed to complete the fermentation process.
Fermentation chemicals are the most important raw material in the alcohol industry. These chemicals are also used in nutritional food, animal feed and food preservation. They are also used in bioplastics and fibers production. Strict environmental regulation from the EPA, European Union etc. will lead to higher demand for green bio-based products and these production methods will utilize fermentation chemicals.
Fermentation chemicals market is segmented on the basis of geography, application, and products. On the basis of products, fermentation chemicals are classified as alcohols, enzymes, organic acid and others. On the basis of application, they are classified as an industrial application, food and beverage, plastic and fibers, nutrition and pharmaceuticals and others.
MARKET INSIGHTS
Market drivers for fermentation chemicals are increasing demand in various industries, growing market for the alcohol industry, strict environmental regulations, higher demand for bio-based products, applications in industrial biotechnology and ease of use.
Alcohols dominate the fermentation chemicals by type. It constitutes 55% market share and as fermentation is an essential part of alcohol production, demand for these in the alcoholic beverage industry is expected to grow at a good CAGR in the forecast period.
Enzymes form the second largest share followed by organic acids. Organic acids are expected to report the highest growth in the forecast period. The reason for increasing demand of organic acids in the forecast period will be their increasing use in oil and gas well treatments. They are also used in food preservation, animal feed and nutritional food. It is predicted that the market for preserved and nutritional food will grow in the future leading to higher demand for organic acids.
The industrial application has the highest market share for fermentation chemicals, which is at 17%. They are used for various industrial processes like plastic, chemical, rubber, biofuel, leather and textile. The detergent industry is the biggest user of enzymes as they have better ability to remove stains and are environment-friendly. Fibers and plastics industry is expected to report the highest growth for fermentation chemicals in the forecast period.
There is an increase in demand for bioplastic from various industries due to environment consciousness. Growth in industrial production along with higher industrial growth in developing economies will lead to increasing demand. More antibiotics and steroids are being produced due to enhanced demand and higher expenditure in developing countries. This too will lead to higher demand for fermentation chemicals. Fermentation chemicals are used as key raw material in pet food production and growth in demand for animal feed additives market will lead to market growth.
Factors that will restrain market growth are an intermittent supply of raw material like microorganisms and nutrients, high production cost and complexity in the manufacturing process.
1. RESEARCH SCOPE
1.1. RESEARCH SCOPE & ASSUMPTIONS
1.2. LIST OF KEY DATA SOURCES
2. RESEARCH METHODOLOGY
2.1. SOURCES OF DATA
2.2. BOTTOM-UP APPROACH
2.3. TOP DOWN APPROACH
2.4. DATA TRIANGULATION
3. EXECUTIVE SUMMARY
4. MARKET SEGMENT ANALYSIS
4.1. VALUE CHAIN ANALYSIS
5. MARKET DETERMINANTS
5.1. MARKET DRIVERS
5.2. KEY RESTRAINT
5.3. KEY OPPORTUNITIES
5.4. KEY CHALLENGES
6. FERMENTATION CHEMICAL MARKET: PORTER’S MODEL
6.1. BARGAINING POWER OF SUPPLIERS
6.2. THREAT OF NEW ENTRANTS
6.3. BARGAINING POWER OF BUYERS
6.4. THREAT OF SUBSTITUTES
6.5. COMPETITIVE RIVALRY BETWEEN EXISTING PLAYERS
7. GLOBAL FERMENTATION CHEMICALS MARKET: PESTEL ANALYSIS
7.1. POLITICAL FACTORS
7.2. ECONOMIC FACTORS
7.3. SOCIAL FACTORS
7.4. TECHNOLOGICAL FACTORS
7.5. ENVIRONMENTAL FACTORS
7.6. LEGAL FACTORS
8. EUROPE
8.1. EUROPE FERMENTATION CHEMICALS MARKET ESTIMATES AND FORECAST
8.2. EUROPE FERMENTATION CHEMICALS MARKET ESTIMATES AND FORECAST BY APPLICATION
8.3. GERMANY
8.4. U.K.
8.5. RUSSIA
8.6. REST OF EUROPE
9. GLOBAL FERMENTATION CHEMICALS MARKET BY APPLICATIONS
9.1. GLOBAL FERMENTATION CHEMICALS FOR INDUSTRIAL APPLICATIONS MARKET
9.2. GLOBAL FERMENTATION CHEMICALS FOR FOOD AND BEVERAGES MARKET
9.3. GLOBAL FERMENTATION CHEMICALS FOR NUTRITIONAL AND PHARMACEUTICALS MARKET
9.4. GLOBAL FERMENTATION CHEMICALS FOR PLASTICS AND FIBERS MARKET
9.5. GLOBAL FERMENTATION CHEMICALS FOR OTHERS MARKET
10. GLOBAL FERMENTATION CHEMICALS MARKET BY PRODUCTS
10.1. GLOBAL FERMENTATION CHEMICALS FOR ALCOHOLS (ETHANOL AND OTHER ALCOHOLS) MARKET BY TYPE
10.2. GLOBAL FERMENTATION CHEMICALS FOR ENZYMES MARKET
10.3. GLOBAL FERMENTATION CHEMICALS FOR ORGANIC ACIDS MARKET
10.4. GLOBAL FERMENTATION CHEMICALS FOR OTHERS MARKET
11. COMPANY PROFILES
11.1. AJINOMOTO COMPANY CORPORATION
11.2. AB ENZYMES GMBH
11.3. BASF SE
11.4. AMANO ENZYME INC.
11.5. DOW CHEMICAL COMPANY
1.1. RESEARCH SCOPE & ASSUMPTIONS
1.2. LIST OF KEY DATA SOURCES
2. RESEARCH METHODOLOGY
2.1. SOURCES OF DATA
2.2. BOTTOM-UP APPROACH
2.3. TOP DOWN APPROACH
2.4. DATA TRIANGULATION
3. EXECUTIVE SUMMARY
4. MARKET SEGMENT ANALYSIS
4.1. VALUE CHAIN ANALYSIS
5. MARKET DETERMINANTS
5.1. MARKET DRIVERS
5.2. KEY RESTRAINT
5.3. KEY OPPORTUNITIES
5.4. KEY CHALLENGES
6. FERMENTATION CHEMICAL MARKET: PORTER’S MODEL
6.1. BARGAINING POWER OF SUPPLIERS
6.2. THREAT OF NEW ENTRANTS
6.3. BARGAINING POWER OF BUYERS
6.4. THREAT OF SUBSTITUTES
6.5. COMPETITIVE RIVALRY BETWEEN EXISTING PLAYERS
7. GLOBAL FERMENTATION CHEMICALS MARKET: PESTEL ANALYSIS
7.1. POLITICAL FACTORS
7.2. ECONOMIC FACTORS
7.3. SOCIAL FACTORS
7.4. TECHNOLOGICAL FACTORS
7.5. ENVIRONMENTAL FACTORS
7.6. LEGAL FACTORS
8. EUROPE
8.1. EUROPE FERMENTATION CHEMICALS MARKET ESTIMATES AND FORECAST
8.2. EUROPE FERMENTATION CHEMICALS MARKET ESTIMATES AND FORECAST BY APPLICATION
8.3. GERMANY
8.4. U.K.
8.5. RUSSIA
8.6. REST OF EUROPE
9. GLOBAL FERMENTATION CHEMICALS MARKET BY APPLICATIONS
9.1. GLOBAL FERMENTATION CHEMICALS FOR INDUSTRIAL APPLICATIONS MARKET
9.2. GLOBAL FERMENTATION CHEMICALS FOR FOOD AND BEVERAGES MARKET
9.3. GLOBAL FERMENTATION CHEMICALS FOR NUTRITIONAL AND PHARMACEUTICALS MARKET
9.4. GLOBAL FERMENTATION CHEMICALS FOR PLASTICS AND FIBERS MARKET
9.5. GLOBAL FERMENTATION CHEMICALS FOR OTHERS MARKET
10. GLOBAL FERMENTATION CHEMICALS MARKET BY PRODUCTS
10.1. GLOBAL FERMENTATION CHEMICALS FOR ALCOHOLS (ETHANOL AND OTHER ALCOHOLS) MARKET BY TYPE
10.2. GLOBAL FERMENTATION CHEMICALS FOR ENZYMES MARKET
10.3. GLOBAL FERMENTATION CHEMICALS FOR ORGANIC ACIDS MARKET
10.4. GLOBAL FERMENTATION CHEMICALS FOR OTHERS MARKET
11. COMPANY PROFILES
11.1. AJINOMOTO COMPANY CORPORATION
11.2. AB ENZYMES GMBH
11.3. BASF SE
11.4. AMANO ENZYME INC.
11.5. DOW CHEMICAL COMPANY
LIST OF TABLES
TABLE 1 COMMON TYPE OF INDUSTRIAL PRODUCTS OF FERMENTATION
TABLE 2 EUROPE CHEMICAL FERMENTATION MARKET BY GEOGRAPHY 2017-2025 ($ BILLION)
TABLE 3 END USER APPLICATION 2017-2025 ($ BILLION)
TABLE 4 COUNTRIES AND FEEDSTOCK PRODUCTION
TABLE 5 SEASONAL AVAILABILITY OF SUGAR CANE IN VARIOUS REGIONS
TABLE 6 DIFFERENCES IN PH RANGES OF SOME ENZYMES
TABLE 7 HEALTH EXPENDITURE PER CAPITA INCREASED FROM 2017-2025 TABLE 8 EUROPE CHEMICAL FERMENTATION MARKET BY APPLICATIONS 2017-2025 ($ BILLION)
TABLE 9 EUROPE CHEMICAL FERMENTATION MARKET FOR INDUSTRIAL APPLICATION 2017-2025 ($ BILLION)
TABLE 10 FOOD PRODUCTS WHICH USE FERMENTATION IN THEIR PRODUCTION
TABLE 11 EUROPE CHEMICAL FERMENTATION MARKET FOR FOOD AND BEVERAGES 2017-2025 ($ BILLION)
TABLE 12 EUROPE CHEMICAL FERMENTATION MARKET FOR NUTRITIONAL AND PHARMACEUTICAL SEGMENTS
TABLE 13 EUROPE FERMENTATION CHEMICALS MARKET FOR PLASTICS AND FIBRES 2017-2025 ($ BILLION)
TABLE 14 EUROPE CHEMICAL FERMENTATION MARKET FOR OTHER APPLICATIONS 2017-2025 ($ BILLION)
TABLE 15 EUROPE CHEMICAL FERMENTATION MARKET BY PRODUCTS 2017-2025 ($ BILLION)
TABLE 16 EUROPE CHEMICAL FERMENTATION MARKET FOR ALCOHOLS 2017-2025 ($ BILLION)
TABLE 17 ENZYMES PRODUCED THROUGH BACTERIA
TABLE 18 EUROPE CHEMICAL FERMENTATION MARKET FOR ENZYMES 2017-2025 ($ BILLION)
TABLE 19 USES OF CITRIC ACID ACROSS APPLICATION SEGMENT
TABLE 20 APPLICATION AREAS OF CITRIC ACID
TABLE 21 INDUSTRIAL APPLICATIONS OF GLUCONIC ACID
TABLE 22 EUROPE CHEMICAL FERMENTATION MARKET FOR ORGANIC ACIDS 2017-2025 ($ BILLION)
TABLE 23 EUROPE CHEMICAL FERMENTATION MARKET FOR OTHER PRODUCTS 2017-2025 ($ BILLION)
TABLE 24 EUROPE CHEMICAL FERMENTATION MARKET BY GEOGRAPHY 2017-2025 ($ BILLION)
TABLE 25 CHANGES PRODUCED BY FERMENTATION IN FOOD
TABLE 26 EUROPE CHEMICAL FERMENTATION MARKET BY REGION 2017-2025 ($ BILLION)
TABLE 27 EUROPE CHEMICAL FERMENTATION MARKET BY APPLICATION 2017-2025 ($ BILLION)
TABLE 28 GERMANY CHEMICAL FERMENTATION MARKET BY APPLICATION 2017-2025 ($ BILLION)
TABLE 29 UK CHEMICAL FERMENTATION MARKET BY APPLICATION 2017-2025 ($ BILLION)
TABLE 30 RUSSIA CHEMICAL FERMENTATION MARKET BY APPLICATION 2017-2025 ($ BILLION)
TABLE 31 REST OF EUROPE CHEMICAL FERMENTATION MARKET BY APPLICATION 2017-2025 ($ BILLION)
TABLE 1 COMMON TYPE OF INDUSTRIAL PRODUCTS OF FERMENTATION
TABLE 2 EUROPE CHEMICAL FERMENTATION MARKET BY GEOGRAPHY 2017-2025 ($ BILLION)
TABLE 3 END USER APPLICATION 2017-2025 ($ BILLION)
TABLE 4 COUNTRIES AND FEEDSTOCK PRODUCTION
TABLE 5 SEASONAL AVAILABILITY OF SUGAR CANE IN VARIOUS REGIONS
TABLE 6 DIFFERENCES IN PH RANGES OF SOME ENZYMES
TABLE 7 HEALTH EXPENDITURE PER CAPITA INCREASED FROM 2017-2025 TABLE 8 EUROPE CHEMICAL FERMENTATION MARKET BY APPLICATIONS 2017-2025 ($ BILLION)
TABLE 9 EUROPE CHEMICAL FERMENTATION MARKET FOR INDUSTRIAL APPLICATION 2017-2025 ($ BILLION)
TABLE 10 FOOD PRODUCTS WHICH USE FERMENTATION IN THEIR PRODUCTION
TABLE 11 EUROPE CHEMICAL FERMENTATION MARKET FOR FOOD AND BEVERAGES 2017-2025 ($ BILLION)
TABLE 12 EUROPE CHEMICAL FERMENTATION MARKET FOR NUTRITIONAL AND PHARMACEUTICAL SEGMENTS
TABLE 13 EUROPE FERMENTATION CHEMICALS MARKET FOR PLASTICS AND FIBRES 2017-2025 ($ BILLION)
TABLE 14 EUROPE CHEMICAL FERMENTATION MARKET FOR OTHER APPLICATIONS 2017-2025 ($ BILLION)
TABLE 15 EUROPE CHEMICAL FERMENTATION MARKET BY PRODUCTS 2017-2025 ($ BILLION)
TABLE 16 EUROPE CHEMICAL FERMENTATION MARKET FOR ALCOHOLS 2017-2025 ($ BILLION)
TABLE 17 ENZYMES PRODUCED THROUGH BACTERIA
TABLE 18 EUROPE CHEMICAL FERMENTATION MARKET FOR ENZYMES 2017-2025 ($ BILLION)
TABLE 19 USES OF CITRIC ACID ACROSS APPLICATION SEGMENT
TABLE 20 APPLICATION AREAS OF CITRIC ACID
TABLE 21 INDUSTRIAL APPLICATIONS OF GLUCONIC ACID
TABLE 22 EUROPE CHEMICAL FERMENTATION MARKET FOR ORGANIC ACIDS 2017-2025 ($ BILLION)
TABLE 23 EUROPE CHEMICAL FERMENTATION MARKET FOR OTHER PRODUCTS 2017-2025 ($ BILLION)
TABLE 24 EUROPE CHEMICAL FERMENTATION MARKET BY GEOGRAPHY 2017-2025 ($ BILLION)
TABLE 25 CHANGES PRODUCED BY FERMENTATION IN FOOD
TABLE 26 EUROPE CHEMICAL FERMENTATION MARKET BY REGION 2017-2025 ($ BILLION)
TABLE 27 EUROPE CHEMICAL FERMENTATION MARKET BY APPLICATION 2017-2025 ($ BILLION)
TABLE 28 GERMANY CHEMICAL FERMENTATION MARKET BY APPLICATION 2017-2025 ($ BILLION)
TABLE 29 UK CHEMICAL FERMENTATION MARKET BY APPLICATION 2017-2025 ($ BILLION)
TABLE 30 RUSSIA CHEMICAL FERMENTATION MARKET BY APPLICATION 2017-2025 ($ BILLION)
TABLE 31 REST OF EUROPE CHEMICAL FERMENTATION MARKET BY APPLICATION 2017-2025 ($ BILLION)
LIST OF FIGURES
FIGURE 1 EUROPE CHEMICAL FERMENTATION CHEMICAL MARKET 2017-2025 ($ BILLION)
FIGURE 2 EUROPE PLASTIC SHEETS AND FILMS MARKET 2017-2025 (MILLION TONS)
FIGURE 3 KEY BUYING CRITERIA
FIGURE 4 MINIMUM LEGAL DRINKING AGE (MLDA) ACROSS THE GLOBE
FIGURE 5 STRATEGIES FOLLOWED BY THE SUPPLIERS IN THE CHEMICAL FERMENTATION INDUSTRIES
FIGURE 6 END-USER APPLICATION INDUSTRY 2016, ($ BILLION)
FIGURE 7 EUROPE ALCOHOL MARKET 2016
FIGURE 8 EUROPE CONSUMPTION OF ALCOHOLIC BEVERAGES, BY COUNTRY (2016) $ BILLION
FIGURE 9 EUROPE PHARMACEUTICAL INDUSTRY REVENUE, 2017-2025 ($ BILLION)
FIGURE 10 PRODUCTS PRODUCED BY FERMENTATION REACTION
FIGURE 11 BIOETHANOL PRODUCTIONS, 2017-2025
FIGURE 12 CHEMICAL FERMENTATION MARKET: PORTER’S FIVE FORCE MODEL
FIGURE 13 FACTORS AFFECTING THE BUYING CRITERIA OF CUSTOMERS
FIGURE 14 AGE-GROUPS INVESTING IN NUTRITIONAL AND ENERGY DRINKS
FIGURE 15 TECHNOLOGICAL ADVANCES IN THE FERMENTATION CHEMICAL INDUSTRY
FIGURE 16 USE OF FERMENTATION PRODUCTS IN FOOD INDUSTRY
FIGURE 17 CONSUMPTION PREFERENCE OF ALCOHOL IN EUROPE
FIGURE 18 LARGEST FOOD & BEVERAGES INDUSTRY SEGMENTS BY PRODUCTION VALUE
FIGURE 19 PERFORMANCE OF CHINA PHARMACEUTICAL INDUSTRY DURING THE PAST YEARS
FIGURE 1 EUROPE CHEMICAL FERMENTATION CHEMICAL MARKET 2017-2025 ($ BILLION)
FIGURE 2 EUROPE PLASTIC SHEETS AND FILMS MARKET 2017-2025 (MILLION TONS)
FIGURE 3 KEY BUYING CRITERIA
FIGURE 4 MINIMUM LEGAL DRINKING AGE (MLDA) ACROSS THE GLOBE
FIGURE 5 STRATEGIES FOLLOWED BY THE SUPPLIERS IN THE CHEMICAL FERMENTATION INDUSTRIES
FIGURE 6 END-USER APPLICATION INDUSTRY 2016, ($ BILLION)
FIGURE 7 EUROPE ALCOHOL MARKET 2016
FIGURE 8 EUROPE CONSUMPTION OF ALCOHOLIC BEVERAGES, BY COUNTRY (2016) $ BILLION
FIGURE 9 EUROPE PHARMACEUTICAL INDUSTRY REVENUE, 2017-2025 ($ BILLION)
FIGURE 10 PRODUCTS PRODUCED BY FERMENTATION REACTION
FIGURE 11 BIOETHANOL PRODUCTIONS, 2017-2025
FIGURE 12 CHEMICAL FERMENTATION MARKET: PORTER’S FIVE FORCE MODEL
FIGURE 13 FACTORS AFFECTING THE BUYING CRITERIA OF CUSTOMERS
FIGURE 14 AGE-GROUPS INVESTING IN NUTRITIONAL AND ENERGY DRINKS
FIGURE 15 TECHNOLOGICAL ADVANCES IN THE FERMENTATION CHEMICAL INDUSTRY
FIGURE 16 USE OF FERMENTATION PRODUCTS IN FOOD INDUSTRY
FIGURE 17 CONSUMPTION PREFERENCE OF ALCOHOL IN EUROPE
FIGURE 18 LARGEST FOOD & BEVERAGES INDUSTRY SEGMENTS BY PRODUCTION VALUE
FIGURE 19 PERFORMANCE OF CHINA PHARMACEUTICAL INDUSTRY DURING THE PAST YEARS
