Fermentation Chemicals Market Research Report - Forecast Till 2030

Fermentation Chemicals Market: Information by Product Type (Alcohols & Ketones, Amino Acids, Industrial Enzymes, Organic Acids and others), Application (Food & Beverages, Plastics & Fibers, Nutritional & Pharmaceuticals, Industrial Application, Cosmetic & Toiletry and others) and Region (North America, Europe, Latin America, Asia-Pacific and the Middle East & Africa) - Forecast till 2028

ID: MRFR/CnM/6436-HCR | January 2023 | Region: Global | 140 Pages         

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Fermentation Chemicals Market

The fermented chemicals market is estimated to reach over USD 83.67 Billion by the end of 2028 at a robust CAGR of 5.3%.

Segmentation
By Product Type Alcohols & Ketones Amino Acids Industrial Enzymes Organic Acids others
By Application Food & Beverages Plastics & Fibers Nutritional & Pharmaceuticals Industrial Application Cosmetic & Toiletry others
Key Players
Companies Profiled   AB Enzymes (Germany)   Amano Enzyme Inc (Japan)   Evonik Industries AG (Germany)   Koninklijke DSM N.V. (The Netherlands)   EUROSANEX (Spain)   Cargill Incorporated (US)   Archer Daniels Midland Company (US)   BASF SE (Germany)   Ajinomoto Co. Inc (Japan)   Novozymes (Denmark)   Chr. Hansen Holding A/S (Denmark)   INVISTA (US)   DowDuPont (US).
Drivers
Market Driving Forces   The growing preference for organic feedstocks over synthetic feedstocks by major manufacturers in the fermentation processes.
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Fermentation Chemicals Market Overview


According to MRFR analysis, the fermented chemicals market is estimated to reach over USD 83.67 Billion by the end of 2028 at a robust CAGR of 5.3%. Fermentation chemicals are a major part of chemical reactions. These are initiators or catalysts in the chemical preparation process. Fermentation chemicals have wide applications in the industrial sectors such as food and beverage, pharmaceutical, and cosmetics. These chemicals are comprised of corn, starch, sugar, and other vegetable feedstocks. The rise in demand for organic feedstocks over synthetic feedstocks is chiefly driving the growth of the Fermentation Chemicals Market. The awareness of the consumption of organic food is leading the major food companies to incline toward bio-based raw materials, acting as a chief driver of the market.


Moreover, the environmental concern is accelerating the eco-friendly fermented chemicals demand in the industrial sector. The fermented alcohol higher demand will propel the fermentation chemicals demand as a raw material. Ethanol is used as a fermentation chemical in beverage manufacturing plants for alcoholic and non-alcoholic beverages, accelerating the market's growth opportunities. The fermentation chemicals as a raw material are used in plastics, chemicals, rubber, textiles, and leather manufacturing, fueling the Fermentation Chemicals Market in the forecast period.Regional Analysis


The fermentation chemicals market has been studied across five key regions, namely Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa. In terms of value, the North American market is estimated to hold more than one-third of the global market share and be the dominant market throughout the forecast period owing to the growing use of bio-based raw materials while mitigating the rising price of oil and natural gas. In addition, the growing demand for biodegradable plastics and ethanol fuel is expected to further boost the demand for fermentation chemicals 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. In Europe, stringent environmental regulations regarding the use of petroleum-based products have increased the production of green bio-based products, which is expected to boost the growth of the market for fermentation chemicals. The increasing application of fermentation chemicals in the oil and gas well treatment processes is expected to boost the growth of the Middle East & African market during the forecast period.


Key Players


Some of the key players operating in the global fermentation chemicals market are AB Enzymes (Germany), Amano Enzyme Inc (Japan), Evonik Industries AG (Germany), Koninklijke DSM N.V. (The Netherlands), EUROSANEX (Spain), Cargill, Incorporated (US), Archer Daniels Midland Company (US), BASF SE (Germany), Ajinomoto Co., Inc (Japan), Novozymes (Denmark), Chr. Hansen Holding A/S (Denmark), INVISTA (US), and DowDuPont (US).Market Overview


Fermentation chemicals play a vital role in chemical reactions. They act as an initiator or catalyst in chemical reactions. The application of fermentation chemicals in the production processes in end-use industries, such as pharmaceutical, food and beverage, and cosmetics, helps to save time and production cost. The fermentation chemicals comprise sugar, starch, corn, and other vegetable feedstocks. The growing preference for organic feedstocks over synthetic feedstocks by major manufacturers in the fermentation processes is expected to be the major factor driving the growth of the global fermentation chemicals market. The growing awareness among consumers regarding organic food consumption has urged major food manufacturing companies to shift towards bio-based raw materials, which is also expected to fuel the growth of the market during the forecast period.


Furthermore, growing environmental concern is expected to fuel the demand for eco-friendly fermented chemicals, which can be widely used in the industrial sector. The rising demand for fermented alcohols is also expected to propel the demand for fermentation chemicals as a raw material. The growing demand for ethanol, which is used as a fermentation chemical in alcoholic and non-alcoholic beverage manufacturing plants, is expected to further boost the market growth. The growing demand for fermentation chemicals as a raw material in the manufacturing of rubber, plastics, chemicals, textiles, and leather is expected to fuel the demand for fermentation chemicals during the forecast period.


Global Fermentation Chemicals Market Share, By Product Type, 2018 (%)  Fermentation Chemicals Market_Image


Source: MRFR Analysis


Segmentation Analysis


The global fermentation chemicals market has been segmented based on product type, application, and region.


On the basis of product type, the global fermentation chemicals market has been categorized into alcohols & ketones, amino acids, industrial enzymes, organic acids, and others.


By application, the global fermentation chemicals market has been divided into food & beverages, plastics & fibers, nutritional & pharmaceuticals, industrial application, cosmetic & toiletry, and others.


The global fermentation chemicals market, by region, has been segregated into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.Recent Development


In May 2022


Sasol Chemicals and Holiferm Ltd. made a joint partnership to develop new biosurfactants for the commercialization of sophorolipids. As per the partnership, Sasol Chemicals will buy the majority of sophorolipids produced at the Holiferm facility in the United Kingdom. Coliform research and development activities will meet the demand for sustainable requirements in primary surfactants. The Holiferm process for the preparation of biosurfactants provides a reduction in carbon emission compared to traditional surfactants.


Coliform in fermentation technology and production will fit Sasol’s position as a leader in the surfactants and surfactant intermediates supply for fabric and personal care, home care, and industrial and institutional sectors.


Target Audience



  • Fermentation chemical manufacturers

  • Raw material suppliers

  • Distributors and suppliers of fermentation chemicals

  • Potential investors

  • Research institutes

  • Government bodies



Report Scope:

Report Attribute/Metric Details
  Market Size

  • 2028: USD 83.67 Billion
  • 2030: Significant value
  •   CAGR   5.3%(2020-2028)
      Base Year   2021
      Forecast Period   2022 to 2028
      Historical Data   2019 & 2020
      Forecast Units    Value (USD Billion)
      Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   By Product Type, Application and Region
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors    AB Enzymes (Germany), Amano Enzyme Inc (Japan), Evonik Industries AG (Germany), Koninklijke DSM N.V. (The Netherlands), EUROSANEX (Spain), Cargill, Incorporated (US), Archer Daniels Midland Company (US), BASF SE (Germany), Ajinomoto Co., Inc (Japan), Novozymes (Denmark), Chr. Hansen Holding A/S (Denmark), INVISTA (US), and DowDuPont (US).
      Key Market Opportunities   Growing environmental concern is expected to fuel the demand for eco-friendly fermented chemicals
      Key Market Drivers   The growing preference for organic feedstocks over synthetic feedstocks by major manufacturers in the fermentation processes.


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    Frequently Asked Questions (FAQ) :

    Valuation of The Global Fermentation Chemicals Market is poised to touch USD 83.67 BN by the end of 2028.

    Fermentation Chemicals Market is projected to expand at over 5.3% CAGR during the assessment period (2020-2028).

    Plastic & fiber is the largest application segment in the Global Fermentation Chemicals Market.

    North America holds the largest share in the Global Fermentation Chemicals Market, followed by the Asia Pacific and Europe, respectively.

    Amano Enzyme Inc. (Japan), AB Enzymes (Germany), Evonik Industries AG (Germany), EUROSANEX (Spain), Koninklijke DSM N.V. (The Netherlands), Cargill, Incorporated (US), BASF SE (Germany), Archer Daniels Midland Company (US), Ajinomoto Co., Inc. (Japan), Chr. Hansen Holding A/S (Denmark), Novozymes (Denmark), DowDuPont (US), and INVISTA (US), are some of the major players operating in the Fermentation Chemicals Market.