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Global Fermentation Chemicals Market Size, Growth, Forecast: By Product Type: Organic Acids, Alcohol Fermentation, Enzymes, Others; By Form: Liquid, Powder; By Application: Industrial Applications, Nutritional and Pharmaceuticals, Others; Regional Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028

Global Fermentation Chemicals Market Outlook

The global fermentation chemicals market size attained a value of USD 78.5 billion in 2022. The market is further expected to grow at a CAGR of 6.80% between 2023 and 2028, reaching a value of USD 115.9 billion by 2028.

 

Key Trends in the Market

Fermentation chemicals refers to the type of chemicals which are used to support the fermentation process, where they can act as nutrients, pH regulators, and catalysts. These chemicals are procured from organic acids, enzymes, and alcohol fermentation among others. Fermentation chemicals are used to produce numerous fermented products including food and beverages, pharmaceuticals, plastics, cosmetics, and other industrial applications.

 

  • Increasing funding towards advancing the development of commercial-scale precision fermentation production facilities across economically augmented countries is one of the crucial fermentation chemicals market trends. 
  • Accelerated implementation of fermentation techniques across the pharmaceutical sector is heightening the application of fermentation chemicals.
  • Increasing applications of fermentation chemicals in healthy food and beverages, owing to the growing health-conscious population, is another key trend in the market for fermentation chemicals.

 

Global Fermentation Chemicals Market Analysis

Based on product type, the fermentation chemicals market segmentation is organic acids, alcohol fermentation, and enzymes, among others. On the basis of form, the market is bifurcated into liquid and powder. By application, the market is classified into industrial applications, food and beverages, nutritional and pharmaceuticals, plastics and fibers, and cosmetic and toiletry, among others. The regional markets for fermentation chemicals are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global fermentation chemicals market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

 

  • BASF SE
  • The Archer-Daniels-Midland Company
  • Cargill, Incorporated
  • DuPont de Nemours, Inc.
  • The Dow Chemical Company
  • AB Enzymes
  • Ajinomoto Co. Inc.
  • Novozymes A/S
  • Lonza Group AG
  • Evonik Industries AG
  • Others

 

Global Fermentation Chemicals Market Share by Application

The food and beverages segment, based on application, accounts for a healthy share of the fermentation chemicals market. This can be attributed to the growing demand for alcoholic beverages such as wine and beer. Increasing sale of clean-labelled downstream products of fermentation chemicals, such as cheese, sauerkraut, and kombucha, among others, supported by rising disposable income, growing accessibility of premium food products, and rapid urbanisation is further escalating the growth of this segment.

 

Global Fermentation Chemicals Market Share by Region

Based on region, North America holds a significant share of the fermentation chemicals market. The upward trajectory of major end users, such as pharmaceutical and food and beverage, across well-established economies like the United States and Canada, is pivoting the market for fermentation chemicals in the region. In addition, alcoholic beverages have traditionally been a part of this region’s culture which is expanding the growth opportunities several fermented alcoholic beverages such as vodka and beer.

 

Competitive Landscape

BASF SE is a prominent chemical producer which focuses on innovation-based growth areas and sustainable technologies to cater to the demands of various end use sectors. It was founded in 1865 and is headquartered in Ludwigshafen, Germany.

 

The Archer-Daniels-Midland Company is a leading food processing and commodities trading corporation which provides human and animal nutrition and industrial bio-solutions. It was established in 1902 and is headquartered in Illinois, United States.


Cargill, Incorporated is a global food corporation which offers products such as refined oils, food ingredients, oilseeds, cotton products, animal nutrition, and industry-specific products. The company was founded in 1865 and is headquartered in Minnesota, United States.

 

Other market players include DuPont de Nemours, Inc., The Dow Chemical Company, AB Enzymes, Ajinomoto Co. Inc., Novozymes A/S, Lonza Group AG, and Evonik Industries AG, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Form
  • Application
  • Region
Breakup by Product Type
  • Organic Acids
  • Alcohol Fermentation
  • Enzymes
  • Others
Breakup by Form
  • Liquid
  • Powder
Breakup by Application
  • Industrial Applications
  • Food and Beverages
  • Nutritional and Pharmaceuticals
  • Plastics and Fibers
  • Cosmetic and Toiletry
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • BASF SE
  • The Archer-Daniels-Midland Company
  • Cargill, Incorporated
  • DuPont de Nemours, Inc.
  • The Dow Chemical Company
  • AB Enzymes
  • Ajinomoto Co. Inc.
  • Novozymes A/S
  • Lonza Group AG
  • Evonik Industries AG
  • Other

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Fermentation Chemicals Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Fermentation Chemicals Historical Market (2018-2022) 
    8.3    Global Fermentation Chemicals Market Forecast (2023-2028)
    8.4    Global Fermentation Chemicals Market by Product Type
        8.4.1    Organic Acids
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Alcohol Fermentation
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
        8.4.3    Enzymes
            8.4.3.1    Historical Trend (2018-2022)
            8.4.3.2    Forecast Trend (2023-2028)
        8.4.4    Others
    8.5    Global Fermentation Chemicals Market by Form
        8.5.1    Liquid
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Powder
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
    8.6    Global Fermentation Chemicals Market by Application
        8.6.1    Industrial Applications
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Food and Beverages
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Nutritional and Pharmaceuticals
            8.6.3.1    Historical Trend (2018-2022)
            8.6.3.2    Forecast Trend (2023-2028)
        8.6.4    Plastics and Fibers
            8.6.4.1    Historical Trend (2018-2022)
            8.6.4.2    Forecast Trend (2023-2028)
        8.6.5    Cosmetic and Toiletry
            8.6.5.1    Historical Trend (2018-2022)
            8.6.5.2    Forecast Trend (2023-2028)
        8.6.6    Others
    8.7    Global Fermentation Chemicals Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2022)
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2022)
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2022)
            8.7.3.2    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2022)
            8.7.4.2    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2022)
            8.7.5.2    Forecast Trend (2023-2028)
9    North America Fermentation Chemicals Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022)
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022)
        9.2.2    Forecast Trend (2023-2028)
10    Europe Fermentation Chemicals Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022)
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022)
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022)
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022)
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Fermentation Chemicals Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022)
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022)
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022)
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022)
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022)
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Fermentation Chemicals Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022)
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022)
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022)
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Fermentation Chemicals Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022)
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022)
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022)
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022)
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price  
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    BASF SE
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    The Archer-Daniels-Midland Company
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Cargill, Incorporated
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    DuPont de Nemours, Inc.
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    The Dow Chemical Company
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    AB Enzymes
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Ajinomoto Co. Inc.
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Novozymes A/S
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Lonza Group AG
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    Evonik Industries AG
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications
        15.2.11    Other
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Fermentation Chemicals Market: Key Industry Highlights, 2018 and 2028
2.    Global Fermentation Chemicals Historical Market: Breakup by Product Type (USD Million), 2018-2022
3.    Global Fermentation Chemicals Market Forecast: Breakup by Product Type (USD Million), 2023-2028
4.    Global Fermentation Chemicals Historical Market: Breakup by Form (USD Million), 2018-2022
5.    Global Fermentation Chemicals Market Forecast: Breakup by Form (USD Million), 2023-2028
6.    Global Fermentation Chemicals Historical Market: Breakup by Application (USD Million), 2018-2022
7.    Global Fermentation Chemicals Market Forecast: Breakup by Application (USD Million), 2023-2028
8.    Global Fermentation Chemicals Historical Market: Breakup by Region (USD Million), 2018-2022
9.    Global Fermentation Chemicals Market Forecast: Breakup by Region (USD Million), 2023-2028
10.    North America Fermentation Chemicals Historical Market: Breakup by Country (USD Million), 2018-2022
11.    North America Fermentation Chemicals Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Europe Fermentation Chemicals Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Europe Fermentation Chemicals Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Asia Pacific Fermentation Chemicals Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Asia Pacific Fermentation Chemicals Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Latin America Fermentation Chemicals Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Latin America Fermentation Chemicals Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Middle East and Africa Fermentation Chemicals Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Middle East and Africa Fermentation Chemicals Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Global Fermentation Chemicals Market Structure

Key Questions Answered in the Report

What was the fermentation chemicals market value in 2022?

The market reached a value of USD 78.5 billion in 2022.

What is the growth rate of the fermentation chemicals market?

The market is estimated to grow at a CAGR of 6.80% between the forecast period of 2023 and 2028.

What is the fermentation chemicals market forecast for 2023-2028?

The market is estimated to witness a healthy growth between the forecast period of 2023-2028 reaching a value of USD 115.9 billion by 2028.

What are the major market drivers?

The increasing applications of fermentation chemicals across various end use sectors, rising sale of alcoholic beverages, growing demand for fermentation chemicals for food products, and rising disposable income are the major drivers of the market.

What are the key trends of the market?

The key trends in the market include the accelerated implementation of fermentation techniques across the pharmaceutical sector, thriving e-commerce sector fuelling the sale of fermented products, and increasing accessibility of food, pharmaceutical, and cosmetic products across the urban areas.

What are the different product types of fermentation chemicals in the market?

Organic acids, alcohol fermentation, and enzymes are the different product types of fermentation chemicals in the market.

What are the primary forms of fermentation chemicals in the market?

Liquid and powder are the primary forms of fermentation chemicals in the market.

Who are the key market players, according to the fermentation chemicals market report?

BASF SE, The Archer-Daniels-Midland Company, Cargill, Incorporated, DuPont de Nemours, Inc., The Dow Chemical Company, AB Enzymes, Ajinomoto Co. Inc., Novozymes A/S, Lonza Group AG, and Evonik Industries AG, among others, are the key market players, according to the report.

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