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

September 2023 | 147 pages | ID: F818E4CF7B4DEN
IMARC Group

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Market Overview:

The global fermentation chemicals market size reached US$ 74.6 Billion in 2022. Looking forward, IMARC Group 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:
IMARC Group 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. Our 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?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
  2.3.1Primary Sources
  2.3.2Secondary Sources
2.4Market Estimation
  2.4.1Bottom-Up Approach
  2.4.2Top-Down Approach
2.5Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1Overview
4.2Key Industry Trends

5 GLOBAL FERMENTATION CHEMICALS MARKET

5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast

6 MARKET BREAKUP BY PRODUCT

6.1Alcohol
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2Enzymes
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3Organic Acids
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4Others
  6.4.1 Market Trends
  6.4.2 Market Forecast

7 MARKET BREAKUP BY FORM

7.1Liquid
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2Powder
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY APPLICATION

8.1Industrial Applications
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2Food and Beverages
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3Nutritional and Pharmaceuticals
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4Plastics and Fibers
  8.4.1 Market Trends
  8.4.2 Market Forecast
8.5Others
  8.5.1 Market Trends
  8.5.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1North 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
9.2Europe
  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
9.3Asia 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
9.4Latin 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
9.5Middle East and Africa
  9.5.1 Market Trends
  9.5.2 Market Breakup by Country
  9.5.3 Market Forecast

10 SWOT ANALYSIS

10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats

11 VALUE CHAIN ANALYSIS

12 PORTERS FIVE FORCES ANALYSIS

12.1Overview
12.2Bargaining Power of Buyers
12.3Bargaining Power of Suppliers
12.4Degree of Competition
12.5Threat of New Entrants
12.6Threat of Substitutes

13 PRICE ANALYSIS

14 COMPETITIVE LANDSCAPE

14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
  14.3.1BASF SE
    14.3.1.1 Company Overview
    14.3.1.2 Product Portfolio
    14.3.1.3 Financials
    14.3.1.4 SWOT Analysis
  14.3.2AB Enzymes
    14.3.2.1 Company Overview
    14.3.2.2 Product Portfolio
    14.3.2.3 Financials
    14.3.2.4 SWOT Analysis
  14.3.3Ajinomoto 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
  14.3.4Amano 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
  14.3.5Archer 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
  14.3.6Cargill Incorporated
    14.3.6.1 Company Overview
    14.3.6.2 Product Portfolio
    14.3.6.3 Financials
    14.3.6.4 SWOT Analysis
  14.3.7Chr. 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
  14.3.8Koninklijke 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
  14.3.9Evonik 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
  14.3.10Novozymes 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
  14.3.11The 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
  14.3.12Koch 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

LIST OF TABLES

Table 1: Global: Fermentation Chemicals Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Fermentation Chemicals Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Fermentation Chemicals Market Forecast: Breakup by Form (in Million US$), 2023-2028
Table 4: Global: Fermentation Chemicals Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Fermentation Chemicals Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Fermentation Chemicals Market: Competitive Structure
Table 7: Global: Fermentation Chemicals Market: Key Players

LIST OF FIGURES

Figure 1: Global: Fermentation Chemicals Market: Major Drivers and Challenges
Figure 2: Global: Fermentation Chemicals Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Fermentation Chemicals Market: Breakup by Product (in %), 2022
Figure 4: Global: Fermentation Chemicals Market: Breakup by Form (in %), 2022
Figure 5: Global: Fermentation Chemicals Market: Breakup by Application (in %), 2022
Figure 6: Global: Fermentation Chemicals Market: Breakup by Region (in %), 2022
Figure 7: Global: Fermentation Chemicals Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 8: Global: Fermentation Chemicals (Alcohol) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Fermentation Chemicals (Alcohol) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Fermentation Chemicals (Enzymes) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Fermentation Chemicals (Enzymes) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Fermentation Chemicals (Organic Acids) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Fermentation Chemicals (Organic Acids) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Fermentation Chemicals (Other Products) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Fermentation Chemicals (Other Products) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Fermentation Chemicals (Liquid) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Fermentation Chemicals (Liquid) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Fermentation Chemicals (Powder) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Fermentation Chemicals (Powder) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Fermentation Chemicals (Industrial Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Fermentation Chemicals (Industrial Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Fermentation Chemicals (Food and Beverages) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Fermentation Chemicals (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Fermentation Chemicals (Nutritional and Pharmaceuticals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Fermentation Chemicals (Nutritional and Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Fermentation Chemicals (Plastics and Fibers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Fermentation Chemicals (Plastics and Fibers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Fermentation Chemicals (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Fermentation Chemicals (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: North America: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: North America: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: United States: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: United States: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Canada: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Canada: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Asia Pacific: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Asia Pacific: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: China: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: China: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Japan: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Japan: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: India: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: India: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: South Korea: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: South Korea: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Australia: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Australia: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Indonesia: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Indonesia: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Others: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Others: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Europe: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Europe: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Germany: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Germany: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: France: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: France: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: United Kingdom: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: United Kingdom: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Italy: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Italy: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Spain: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Spain: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Russia: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Russia: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Others: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Others: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Latin America: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Latin America: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Brazil: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Brazil: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Mexico: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Mexico: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Others: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Others: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Middle East and Africa: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Middle East and Africa: Fermentation Chemicals Market Forecast: Breakup by Country (in %), 2022
Figure 78: Middle East and Africa: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Global: Fermentation Chemicals Industry: SWOT Analysis
Figure 80: Global: Fermentation Chemicals Industry: Value Chain Analysis
Figure 81: Global: Fermentation Chemicals Industry: Porter’s Five Forces Analysis


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