ID: MRFR/F-B & N/1564-CR | May 2017 | Region: Global | 130 Pages
The fermentation ingredients market is projected to reach USD 90.56 billion by 2030 with a CAGR of 5.12%.
$90.56 billion
5.12%
North America
2022-2030
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. Â 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)Â
Target Audience
 Key Findings
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
Europe
Asia Pacific
Rest of World
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 |
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.