Fermentation Chemicals Market Growth, Size, Trends, Share, Revenue, Demand and Future Outlook
Fermentation Chemicals Market Size- By Application, By Product Type - Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Nov-2022 | Report ID: CHEM2207 | Pages: 1 - 238 | Formats*: |
| Category : Chemical & Materials | |||
Global Fermentation Chemicals Market Overview
According to SPER Market Research, the Global Fermentation Chemicals Market is estimated to reach USD 12.82 billion by 2033 with a CAGR of 6.02%.
Fermentation chemicals, used across various industries to enhance chemical reactions, are characterized by their eco-friendliness, cost-effectiveness, and efficiency in accelerating manufacturing processes. Unlike synthetic chemicals derived from petroleum, fermentation chemicals offer environmental benefits, making them increasingly favoured globally. The forecasted period anticipates significant demand for these chemicals due to their ability to expedite reaction rates, thereby reducing production time. The rising popularity of fermentation chemicals stems from their sustainable nature, contrasting with their petroleum-based counterparts.
Exploring the Growth Drivers of the Global Fermentation Chemicals Industry.
Fermentation chemicals have gained popularity globally due to their eco-friendliness, cost-effectiveness, and ability to accelerate reaction rates, reducing manufacturing time. In contrast to synthetic chemicals derived from petroleum, fermentation chemicals are environmentally friendly and offer several benefits. They are predominantly produced from vegetable feedstocks like starch, sugar, and corn, which are environmentally safe. Furthermore, the raw materials required for fermentation chemicals, such as sugar and starch, are more affordable compared to petrochemicals. These factors have driven the development and increased usage of fermentation chemicals in various industries.
What challenges does the Global Fermentation Chemicals Market face?
There are a number of obstacles that the worldwide market for fermentation chemicals must overcome before it can expand and advance. High costs for research and development are one of the main issues. It takes a lot of research and development (R&D) to create new fermentation processes and improve existing ones. The accompanying expenses might be substantial, especially for smaller businesses with constrained resources. Industry innovation and product development may be hampered by high R&D costs.
Fermentation chemicals can be made in response to feedstocks such as sugars, starches, and agricultural products, but their quality and availability can also have an impact. Changes in the availability or quality of the feedstock can have an impact on supply chain management as a whole as well as production yields and consistency. It can be difficult to guarantee a steady and dependable supply of high-quality feedstocks.
In what ways has the COVID-19 pandemic affected Global Fermentation Chemicals Market?
The fermentation chemicals market was adversely affected by the COVID-19 pandemic, leading to disruptions in the global supply chain and trade cycles. The outbreak resulted in the suspension of manufacturing and distribution activities across various sectors. However, the pharmaceutical and food and beverage sectors experienced relatively stable growth during this period, contributing to the demand for fermentation chemicals. As restrictions and limitations are gradually being lifted, companies are actively establishing partnerships with dealers and distributors to ensure the successful delivery of their products across all regions.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Application, By Product Type |
| Regions covered | Asia-Pacific, Europe, the Middle East and Africa, North America, and Latin America |
| Companies Covered | B Enzymes, ADM, Ajinomoto Company Incorporation, Amano Enzymes Inc., BASF SE, Biocon, Cargill Incorporated, Chr. Hansen Holding A/S, DSM, Du Pont Danisco A/S, Evonik Industries AG, INVISTA, Lanza Tech, Lonza, Micro Biopharm Japan Co. Ltd., Novasep, Novozymes A/S, TCI Chemicals (India) Pvt. Ltd., The Dow Chemical Company, Others |
Key Target Audience:
- Agricultural Sector
- Chemical Distributors
- Chemical Manufacturers
- Environmental and Waste Management Companies
- Food and Beverage Industry
- Government Agencies and Regulatory Bodies
- Personal Care and Cosmetics Industry
- Pharmaceutical and Healthcare Companies
- Research and Academic Institutions
Global Fermentation Chemicals Market Segmentation:
1. By Application:
- Global Fermentation Chemicals Market Value Share and Forecast, By Application, 2023-2033
- Cosmetic & Toiletry
- Food & Beverages
- Industrial Application
- Nutritional & Pharmaceuticals
- Plastics & Fibers
2. By Product Type:
- Global Fermentation Chemicals Market Value Share and Forecast, By Product Type, 2023-2033
- Alcohol Fermentation
- Amino Acids
- Ketone
- Organic Acids
3. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Global Fermentation Chemicals Market Size (FY’2023-FY’2033)
- Overview of Global Fermentation Chemicals Market
- Segmentation of Global Fermentation Chemicals Market By Application (Cosmetic & Toiletry, Food & Beverages, Industrial Application, Nutritional & Pharmaceuticals, Plastics & Fibers, Others)
- Segmentation of Global Fermentation Chemicals Market By Product Type (Alcohol Fermentation, Amino Acids, Industrial Enzyme, Ketone, Organic Acids, Others)
- Statistical Snap of Global Fermentation Chemicals Market
- Growth Analysis of Global Fermentation Chemicals Market
- Problems and Challenges in Global Fermentation Chemicals Market
- Competitive Landscape in the Global Fermentation Chemicals Market
- Impact of COVID-19 and Demonetization on Global Fermentation Chemicals Market
- Details on Recent Investment in Global Fermentation Chemicals Market
- Competitive Analysis of Global Fermentation Chemicals Market
- Key Players in the Global Fermentation Chemicals Market
- SWOT Analysis of Global Fermentation Chemicals Market
- Global Fermentation Chemicals Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Fermentation Chemicals Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Fermentation Chemicals Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Fermentation Chemicals Market
7. Global Fermentation Chemicals Market, By Application (USD Million)
7.1. Global Fermentation Chemicals Market Value Share and Forecast, By Application, 2023-20337.2. Cosmetic & Toiletry7.3. Food & Beverages7.4. Industrial Application7.5. Nutritional & Pharmaceuticals7.6. Plastics & Fibers7.7. Others
8. Global Fermentation Chemicals Market, By Product Type (USD Million)
8.1. Global Fermentation Chemicals Market Value Share and Forecast, By Product Type, 2023-20338.2. Alcohol Fermentation8.3. Amino Acids8.4. Industrial Enzyme8.5. Ketone8.6. Organic Acids8.7. Others
9. Global Fermentation Chemicals Market Forecast, 2019-2033 (USD Million)
9.1. Global Fermentation Chemicals Market Size and Market Share
10. Global Fermentation Chemicals Market, By Application, 2019-2033 (USD Million)
10.1. Global Fermentation Chemicals Market Size and Market Share By Application (2019-2026)10.2. Global Fermentation Chemicals Market Size and Market Share By Application (2027-2033)
11. Global Fermentation Chemicals Market, By Product Type, 2019-2033 (USD Million)
11.1. Global Fermentation Chemicals Market Size and Market Share By Product Type (2019-2026)11.2. Global Fermentation Chemicals Market Size and Market Share By Product Type (2027-2033)
12. Global Fermentation Chemicals Market, By Region, 2019-2033 (USD Million)
12.1. Global Fermentation Chemicals Market Size and Market Share By Region (2019-2026)12.2. Global Fermentation Chemicals Market Size and Market Share By Region (2027-2033)12.3. Asia-Pacific12.3.1. Australia12.3.2. China12.3.3. India12.3.4. Japan12.3.5. South Korea12.3.6. Rest of Asia-Pacific12.4. Europe12.4.1. France12.4.2. Germany12.4.3. Italy12.4.4. Spain12.4.5. United Kingdom12.4.6. Rest of Europe12.5. Middle East and Africa12.5.1. Kingdom of Saudi Arabia12.5.2. United Arab Emirates12.5.3. Rest of Middle East & Africa12.6. North America12.6.1. Canada12.6.2. Mexico12.6.3. United States12.7. Latin America12.7.1. Argentina12.7.2. Brazil12.7.3. Rest of Latin America
13. Company Profile
13.1. AB Enzymes13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments13.2. ADM13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments13.3. Ajinomoto Company Incorporation13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments13.4. Amano Enzymes Inc.13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments13.5. BASF SE13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments13.6. Biocon13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments13.7. Cargill Incorporated13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments13.8. Chr. Hansen Holding A/S13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments13.9. DSM13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments13.10. Du Pont Danisco A/S13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments13.11. Evonik Industries AG13.11.1. Company details13.11.2. Financial outlook13.11.3. Product summary13.11.4. Recent developments13.12. INVISTA13.12.1. Company details13.12.2. Financial outlook13.12.3. Product summary13.12.4. Recent developments13.13. Lanza Tech13.13.1. Company details13.13.2. Financial outlook13.13.3. Product summary13.13.4. Recent developments13.14. Lonza13.14.1. Company details13.14.2. Financial outlook13.14.3. Product summary13.14.4. Recent developments13.15. Micro Biopharm Japan Co. Ltd.13.15.1. Company details13.15.2. Financial outlook13.15.3. Product summary13.15.4. Recent developments13.16. Novasep13.16.1. Company details13.16.2. Financial outlook13.16.3. Product summary13.16.4. Recent developments13.17. Novozymes A/S13.17.1. Company details13.17.2. Financial outlook13.17.3. Product summary13.17.4. Recent developments13.18. TCI Chemicals (India) Pvt. Ltd.13.18.1. Company details13.18.2. Financial outlook13.18.3. Product summary13.18.4. Recent developments13.19. The Dow Chemical Company13.19.1. Company details13.19.2. Financial outlook13.19.3. Product summary13.19.4. Recent developments13.20. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
The Fermentation Chemicals Market is projected to reach USD 12.82 billion by 2033, growing at a CAGR of 6.02% during the forecast period.
The Fermentation Chemicals Market grew in market size from 2023. The Market is expected to reach USD 12.82 billion by 2033, at a CAGR of 6.02% during the forecast period.
The Fermentation Chemicals Market CAGR of 6.02% during the forecast period.
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The Fermentation Chemicals Market size is USD 12.82 billion from 2023 to 2033.
The Fermentation Chemicals Market segment is Covered By Product Type, By Application.
The North America and Europe region is anticipated to have the highest market share in the Fermentation Chemicals Market.
The key players in the market include Companies Covered Adocia, Biocon Limited, Eli Lilly, Gan & Lee Pharmaceuticals Co. Ltd., Geropharm, MannKind Corporation, Merck & Co. Inc., Novo Nordisk A/S, Sanofi S.A., Wockhardt Ltd.
The growth of these industries into new geographical areas Because of the high cost of fermentation, lactic acid cannot be employed in the dairy industry.
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