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Global Fermentation Chemicals Market to reach USD 119.65 billion by the end of 2030

Global Fermentation Chemicals Market Size study & Forecast, by Product (Alcohols, Enzymes, Organic Acids, Other Products) by Application (Industrial Application, Food & Beverages, Nutritional and Pharmaceutical, Plastics and Fibers, Other Applications), and Regional Analysis, 2023-2030

Product Code: CMCC-70020321
Publish Date: 20-02-2024
Page: 200

Global Fermentation Chemicals Market is valued approximately at USD 70.16 billion in 2022 and is anticipated to grow with a growth rate of more than 6.90% over the forecast period 2023-2030. Fermentation chemicals encompass a broad spectrum of substances crucial for the fermentation process, a biological conversion method widely utilized in industries ranging from food and beverages to pharmaceuticals and biofuels. These chemicals play indispensable roles in fostering microbial growth, metabolism, and the production of desired end products. These chemicals play a pivotal role in fostering the growth and metabolic activity of microorganisms during fermentation, facilitating the production of a wide range of valuable products. The Fermentation Chemicals market is expanding because of factors such as increasing demand for bio-based products, expanding pharmaceutical and biotechnology sectors and growth in food and beverage industry.

Fermentation is widely employed in the food and beverage industry for the production of various products such as beer, yogurt, and organic acids. The expanding food and beverage sector contributes to the increased demand for fermentation chemicals. According to Statista, the worldwide beer production in year 2020 stood at 1.79 billion hectoliters which increased to 1.89 billion hectoliters in year 2022. In addition, growing demand from methanol and ethanol industry and investments in research and development are some factors creating new opportunities to the market growth. However, raw material availability and price volatility stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Fermentation Chemicals Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share. The increasing consumption of chemicals across various sectors, including pharmaceuticals, industrial, and food & beverages, has contributed to this trend. Moreover, the growing pharmaceutical industry in countries such as the U.S., Canada is expected to drive the market growth in the region. Europe is expected to grow at a fastest CAGR during the forecast period. The regional landscape is marked by a growing number of manufacturers and suppliers entering the food & beverage, cosmetics, and pharmaceutical sectors. The notable presence of major cosmetic manufacturing companies in the region is projected to be a key driver for the demand for fermentation chemicals.

Major market player included in this report are:
DuPont Danisco
Amano Enzymes USA Co., Ltd.
AB Enzymes
Chr. Hansen Holding A/S
Evonik Industries AG
Cargill, Incorporated
Ajinomoto Co., Inc.
Teva Pharmaceutical Industries Ltd.

Recent Developments in the Market:
Ø In October 2023, BASF SE disclosed plans to construct a new fermentation facility at its Ludwigshafen site. The facility is intended for the production of crop protection products, focusing on enhancing biological seed treatment and fungicide offerings.
Ø In October 2023, ADM and Solugen revealed their collaboration to manufacture plant-based specialty chemicals, including fermentation chemicals. This production will take place at ADM’s corn-processing facility in Minnesota. The joint venture aims to produce bio-based building block molecules and specialty chemicals, serving diverse sectors such as agriculture, cleaning, personal care, and energy.

Global Fermentation Chemicals Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Organic Acids
Other Products

By Application:
Industrial Application
Food & Beverages
Nutritional And Pharmaceutical
Plastics And Fibers
Other Applications

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Fermentation Chemicals Market, by region, 2020-2030 (USD Billion)
1.2.2. Fermentation Chemicals Market, by Product, 2020-2030 (USD Billion)
1.2.3. Fermentation Chemicals Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Fermentation Chemicals Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Fermentation Chemicals Market Dynamics
3.1. Fermentation Chemicals Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing demand for bio-based products Expanding pharmaceutical and biotechnology sectors Growth in food and beverage industry
3.1.2. Market Challenges Limited raw material availability Volatility in prices
3.1.3. Market Opportunities Growing demand from methanol and ethanol industry Investments in research and development
Chapter 4. Global Fermentation Chemicals Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Fermentation Chemicals Market, by Product
5.1. Market Snapshot
5.2. Global Fermentation Chemicals Market by Product, Performance – Potential Analysis
5.3. Global Fermentation Chemicals Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. Fermentation Chemicals Market, Sub Segment Analysis
5.4.1. Alcohols
5.4.2. Enzymes
5.4.3. Organic Acids
5.4.4. Other Products
Chapter 6. Global Fermentation Chemicals Market, by Application
6.1. Market Snapshot
6.2. Global Fermentation Chemicals Market by Application, Performance – Potential Analysis
6.3. Global Fermentation Chemicals Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Fermentation Chemicals Market, Sub Segment Analysis
6.4.1. Industrial Application
6.4.2. Food & Beverages
6.4.3. Nutritional And Pharmaceutical
6.4.4. Plastics And Fibers
6.4.5. Other Applications
Chapter 7. Global Fermentation Chemicals Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Fermentation Chemicals Market, Regional Market Snapshot
7.4. North America Fermentation Chemicals Market
7.4.1. U.S. Fermentation Chemicals Market Product breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Fermentation Chemicals Market
7.5. Europe Fermentation Chemicals Market Snapshot
7.5.1. U.K. Fermentation Chemicals Market
7.5.2. Germany Fermentation Chemicals Market
7.5.3. France Fermentation Chemicals Market
7.5.4. Spain Fermentation Chemicals Market
7.5.5. Italy Fermentation Chemicals Market
7.5.6. Rest of Europe Fermentation Chemicals Market
7.6. Asia-Pacific Fermentation Chemicals Market Snapshot
7.6.1. China Fermentation Chemicals Market
7.6.2. India Fermentation Chemicals Market
7.6.3. Japan Fermentation Chemicals Market
7.6.4. Australia Fermentation Chemicals Market
7.6.5. South Korea Fermentation Chemicals Market
7.6.6. Rest of Asia Pacific Fermentation Chemicals Market
7.7. Latin America Fermentation Chemicals Market Snapshot
7.7.1. Brazil Fermentation Chemicals Market
7.7.2. Mexico Fermentation Chemicals Market
7.8. Middle East & Africa Fermentation Chemicals Market
7.8.1. Saudi Arabia Fermentation Chemicals Market
7.8.2. South Africa Fermentation Chemicals Market
7.8.3. Rest of Middle East & Africa Fermentation Chemicals Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. BASF SE Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. Novozymes
8.3.3. DuPont Danisco
8.3.4. Amano Enzymes USA Co., Ltd.
8.3.5. AB Enzymes
8.3.6. Chr. Hansen Holding A/S
8.3.7. Evonik Industries AG
8.3.8. Cargill, Incorporated
8.3.9. Ajinomoto Co., Inc.
8.3.10. Teva Pharmaceutical Industries Ltd.
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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