Fermentation Ingredients Market Research Report - Forecast to 2030

Fermentation Ingredients Market Information- by Type (Alcohol, Amino acid, Antibiotics & Vitamins, Polymer, Industrial Enzymes, Organic acid and Others), by Form (Dry, Liquid and Others), by Application (Chemical, Food & beverages, Pharmaceutical, Animal Feed and Others), by Feedstock (Sugar beet, Wheat, Corn and Other) and Province - Forecast to 2030

ID: MRFR/F-B & N/1564-CR | May 2017 | Region: Global | 130 Pages         

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Fermentation Ingredients Market

The fermentation ingredients market is projected to reach USD 90.56 billion by 2030 with a CAGR of 5.12%.

Segmentation
By Type Alcohol Amino acid Antibiotics & Vitamins Polymer Industrial Enzymes Organic acid Others
By Form Dry Liquid Others
By Application Chemical Food & beverages Pharmaceutical Animal Feed Others
By Feedstock Sugar beet Wheat Corn Other
Key Players
Companies Profiled   Archer-Daniels-Midland Co.    The Dow Chemical Co    Cargill Incorporated    E.I. du Pont de Nemours & Co.    Evonik Industries AG    Novozymes A/S    Uquifa
Drivers
Market Driving Forces   Increasing demand for fermentation ingredients    Availability of resources
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Fermentation Ingredients Market Scenario:


The fermentation ingredients market is projected to reach USD 90.56 billion by 2030 with a CAGR of 5.12%. The increasing application of fermentation ingredients by the food and beverage industry is driving market growth. America holds a major market share followed by Asia Pacific region in the year 2021. America will witness a higher growth rate during the forecast period due to the increasing demand of fermentation ingredients for food and beverage application. Europe holds more than 20% of the market share in 2021.  Growing chemical and pharmaceutical industries in Europe is supporting the market growth in the European region.


The U.S. is the fastest-growing country in the fermentation ingredients market which will witness a growth rate of 6.12% during the forecast period. Increasing demand for fermentation ingredients and availability of resources are driving the market growth in U.S. and Brazil. Increasing application of fermentation ingredients in chemical and pharmaceutical companies is playing a key role in the growth of the market in Germany. The fermentation ingredients market in China and India is growing at a CAGR of 5.72% and 5.35% respectively due to the increasing demand for organic acid and alcohol in the Asia Pacific region.


Increasing awareness about the application of fermentation ingredients in personal care and pharmaceutical products is driving the growth of the fermentation ingredients market. The rising popularity of food and beverages products made by using fermentation ingredients is boosting the market growth across the world. Introduction eco-friendly production system from fermentation ingredients manufacturers and advanced technologies in the fermentation process is also influencing the growth of the market. The rising production of sugar cane, beet, tapioca, and corn is playing a major role in the growth of the fermentation ingredients market in the world.


America holds a major market share followed by APAC in the year 2021. America will witness a higher growth rate during the forecast period due to the increasing demand for fermentation ingredients for food and beverage application. Europe holds 22.78% of the market share in 2021 and it is projected to reach USD 17.08 billion by 2030. Growing chemical and pharmaceutical industries in Europe are supporting the market growth in the European region. U.S. is the fastest growing country in the fermentation ingredients market which is growing at a CAGR of 6.12% during the forecast period. Increasing demand for fermentation ingredients and availability of resources are driving the market growth in U.S. and Brazil. Increasing application of fermentation ingredients in chemical and pharmaceutical companies is playing a key role in the growth of the market in Germany


Key Players


The leading market players in the Global Fermentation Ingredients Industry primarily are Archer-Daniels-Midland Co., The Dow Chemical Co, Cargill, Incorporated, E.I. du Pont de Nemours & Co., Evonik Industries AG, Novozymes A/S and Uquifa


Key players are focusing on the expansion of their fermentation ingredient business. From six years, the strategy of product launch and expansion of the fermentation ingredients business together holds around 50% of strategy share by key players. Acquisitions and agreements are two main factors that are contributing more than 40% of strategy share as it is helping companies to enhance their fermentation ingredients production capacity and to capture more market share across the globe.


Global Fermentation Ingredients Market, By Value, USD Billion (2022-2030) 


Global Fermentation Ingredients Market, By Value, USD Billion


Target Audience



  • Fermentation Ingredients Manufacturers

  • Food and beverage Industry

  • Chemical Industry

  • Pharmaceutical Industry

  • Retailers and wholesalers

  • Traders, importers, and exporters


 Key Findings



  • The global market is projected to reach USD 90.56 billion by 2030 with a growth rate of 5.12%

  • Globally, the application of fermentation ingredients in food and beverages is growing at a higher rate of 5.38%

  • Alcohol fermentation ingredients type holds the major market share for the year 2021 across the globe


Regional and State wise Analysis of Global Fermentation ingredients market Development and Demand Forecast to 2030 Market


The reports also cover country-level analysis:


America



  • U.S.

  • Brazil

  • Canada


Europe



  • Germany

  • France

  • Italy

  • Rest of Europe


Asia Pacific



  • China

  • India

  • Japan

  • Rest of APAC


Rest of World



  • Iran

  • South Africa

  • Other Countries



Report Scope:

Report Attribute/Metric Details
  Market Size    USD 90.56 Billion
  CAGR   5.12% (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units    Value (USD Billion)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, By Form, By Application, By Feedstock, and By Region
  Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Archer-Daniels-Midland Co., The Dow Chemical Co, Cargill Incorporated, E.I. du Pont de Nemours & Co., Evonik Industries AG, Novozymes A/S, Uquifa
  Key Market Opportunities   Rising popularity of food and beverages products made by using fermentation ingredients
  Key Market Drivers   Increasing demand for fermentation ingredients


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Frequently Asked Questions (FAQ) :

Fermentation ingredients market is projected to grow at a 5.12% CAGR between 2022-2030.

The Americas is expected to dominate the fermentation ingredients market.

Fermentation ingredients market is predicted to touch USD 90.56 billion by 2030.

Food and beverages will lead the fermentation ingredients market.

Variations in prices may limit the fermentation ingredients market.