Fermentation Chemicals Market Share, Size, Trends, Industry Analysis Report, By Product (Alcohols, Enzymes, Organic Acids, and Others); By Application; By Region; Segment Forecast, 2023-2032

Fermentation Chemicals Market Share, Size, Trends, Industry Analysis Report, By Product (Alcohols, Enzymes, Organic Acids, and Others); By Application; By Region; Segment Forecast, 2023-2032



The global fermentation chemicals market size is expected to reach USD 134.41 billion by 2032, according to a new study by Polaris Market Research. The report “Fermentation Chemicals Market Share, Size, Trends, Industry Analysis Report, By Product (Alcohols, Enzymes, Organic Acids, and Others); By Application; By Region; Segment Forecast, 2023-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The increasing need to reduce the overall manufacturing time through accelerating rates, the emerging trend for creating sustainable solvents, and the increased concerns about the growing carbon emissions & the degradability of petrochemical products are primary factors offering significant growth in the market. In addition, the rise in the R&D investments by private and government organizations for product development and manufacturing capacity expansion across the globe has paved the way for higher adoption and proliferation of the product.

For instance, in April 2022, Kothari Fermentation & Biochem Limited introduced their new Yeast Extract Powder & Mono Oligo Saccharides, mainly developed for pharmaceutical and food products, including low-calorie food, nutritional filler, fermentation substrate biotech, and others.

Moreover, with the growing consumer awareness regarding personal care and cleanliness, there has been a drastic change in individuals buying preferences and a shift towards the longer lifespan and advanced products that have encouraged market players to opt for fermentation chemicals in manufacturing their products.

In recent years, various industries are gradually shifting towards fermentation chemicals as an effective alternative to petroleum-derived and synthetic chemicals, and different large pharmaceutical companies are conducting more research to create novel medicines by cultivating microorganisms. Moreover, with the development and growth of the green industry, high penetration for bio-based feedstock, and stringent government regulations towards reducing harmful greenhouse gas emissions, there has been an upsurge in the need for the product globally.

Moreover, the creation and optimization of the microbial cell factories and fermentation processes enable the development of several novel solutions which help address various societal challenges, including creating a sustainable food supply with low or negligible greenhouse emissions. With the emerging trend and popularity of plant-based foods and meat and dairy substitutes in the food sector, the role of fermentation chemicals is significantly increasing, as it enables or allows the production of scalable and sustainable production of valuable foods and several food ingredients.

Fermentation Chemicals Market Report Highlights

Alcohols segment accounted for largest market share in 2022, which is highly driven by its growing adoption across large range of industrial applications and penetration for alcohols in pharmaceutical sector

Food & beverages segment is expected to grow at a highest CAGR over the projected period, on account of increasing consumer awareness towards the quality and production process of the daily consuming products

North America region dominated the global market in 2022, which is mainly accelerated by large number of high-income countries and increased consumer disposable income in the region

The global key market players include Amano Enzymes, Cargill Inc., Daniels Midland Company, DuPont Danisco, AB Enzymes, & Dow Chemical Company

Polaris Market Research has segmented the Fermentation Chemicals market report based on product, application, and region:

Fermentation Chemicals, Product Outlook (Revenue - USD Billion, 2019 - 2032)

Alcohols

Enzymes

Organic Acids

Other Products

Fermentation Chemicals, Application Outlook (Revenue - USD Billion, 2019 - 2032)

Industrial Application

Food & Beverages

Nutritional and Pharmaceutical

Plastic and Fibers

Other Applications

Fermentation Chemicals, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa


1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Global Fermentation Chemicals Market Insights
4.1. Fermentation Chemicals Market – Industry Snapshot
4.2. Fermentation Chemicals Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Increasing safety concerns regarding plastic dumping and overflowing landfills
4.2.1.2. Rising emphasis on using bio-based chemicals
4.2.2. Restraints and Challenges
4.2.2.1. High cost
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Fermentation Chemicals Industry trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Fermentation Chemicals Market, by Product
5.1. Key Findings
5.2. Introduction
5.2.1. Global Fermentation Chemicals, by Product, 2019-2032 (USD Billion)
5.3. Alcohols
5.3.1. Global Fermentation Chemicals Market, by Alcohols, by Region, 2019-2032 (USD Billion)
5.4. Enzymes
5.4.1. Global Fermentation Chemicals Market, by Enzymes, by Region, 2019-2032 (USD Billion)
5.5. Organic Acids
5.5.1. Global Fermentation Chemicals Market, by Organic Acids, by Region, 2019-2032 (USD Billion)
5.6. Other Products
5.6.1. Global Fermentation Chemicals Market, by Other Products, by Region, 2019-2032 (USD Billion)
6. Global Fermentation Chemicals Market, by Application
6.1. Key Findings
6.2. Introduction
6.2.1. Global Fermentation Chemicals Market, by Application, 2019-2032 (USD Billion)
6.3. Industrial Application
6.3.1. Global Fermentation Chemicals Market, by Industrial Application, by Region, 2019-2032 (USD Billion)
6.4. Food & Beverages
6.4.1. Global Fermentation Chemicals Market, by Food & Beverages, by Region, 2019-2032 (USD Billion)
6.5. Nutritional and Pharmaceutical
6.5.1. Global Fermentation Chemicals Market, by Nutritional and Pharmaceutical, by Region, 2019-2032 (USD Billion)
6.6. Plastic and Fibers
6.6.1. Global Fermentation Chemicals Market, by Plastic and Fibers, by Region, 2019-2032 (USD Billion)
6.7. Other Applications
6.7.1. Global Fermentation Chemicals Market, by Other Applications, by Region, 2019-2032 (USD Billion)
7. Global Fermentation Chemicals Market, by Geography
7.1. Key findings
7.2. Introduction
7.2.1. Fermentation Chemicals Market Assessment, By Geography, 2019-2032 (USD Billion)
7.3. Fermentation Chemicals Market – North America
7.3.1. North America: Fermentation Chemicals Market, by Application, 2019-2032 (USD Billion)
7.3.2. North America: Fermentation Chemicals Market, by Product, 2019-2032 (USD Billion)
7.3.3. Fermentation Chemicals Market – U.S.
7.3.3.1. U.S.: Fermentation Chemicals Market, by Application, 2019-2032 (USD Billion)
7.3.3.2. U.S.: Fermentation Chemicals Market, by Product, 2019-2032 (USD Billion)
7.3.4. Fermentation Chemicals Market – Canada
7.3.4.1. Canada: Fermentation Chemicals Market, by Application, 2019-2032 (USD Billion)
7.3.4.2. Canada: Fermentation Chemicals Market, by Product, 2019-2032 (USD Billion)
7.4. Fermentation Chemicals Market – Europe
7.4.1. Europe: Fermentation Chemicals Market, by Application, 2019-2032 (USD Billion)
7.4.2. Europe: Fermentation Chemicals Market, by Product, 2019-2032 (USD Billion)
7.4.3. Fermentation Chemicals Market – UK
7.4.3.1. UK: Fermentation Chemicals Market, by Application, 2019-2032 (USD Billion)
7.4.3.2. UK: Fermentation Chemicals Market, by Product, 2019-2032 (USD Billion)
7.4.4. Fermentation Chemicals Market – France
7.4.4.1. France: Fermentation Chemicals Market, by Application, 2019-2032 (USD Billion)
7.4.4.2. France: Fermentation Chemicals Market, by Product, 2019-2032 (USD Billion)
7.4.5. Fermentation Chemicals Market – Germany
7.4.5.1. Germany: Fermentation Chemicals Market, by Application, 2019-2032 (USD Billion)
7.4.5.2. Germany: Fermentation Chemicals Market, by Product, 2019-2032 (USD Billion)
7.4.6. Fermentation Chemicals Market – Italy
7.4.6.1. Italy: Fermentation Chemicals Market, by Application, 2019-2032 (USD Billion)
7.4.6.2. Italy: Fermentation Chemicals Market, by Product, 2019-2032 (USD Billion)
7.4.7. Fermentation Chemicals Market – Spain
7.4.7.1. Spain: Fermentation Chemicals Market, by Application, 2019-2032 (USD Billion)
7.4.7.2. Spain: Fermentation Chemicals Market, by Product, 2019-2032 (USD Billion)
7.4.8. Fermentation Chemicals Market – Netherlands
7.4.8.1. Netherlands: Fermentation Chemicals Market, by Application, 2019-2032 (USD Billion)
7.4.8.2. Netherlands: Fermentation Chemicals Market, by Product, 2019-2032 (USD Billion)
7.4.9. Fermentation Chemicals Market – Russia
7.4.9.1. Russia: Fermentation Chemicals Market, by Application, 2019-2032 (USD Billion)
7.4.9.2. Russia: Fermentation Chemicals Market, by Product, 2019-2032 (USD Billion)
7.5. Fermentation Chemicals Market – Asia Pacific
7.5.1. Asia Pacific: Fermentation Chemicals Market, by Application, 2019-2032 (USD Billion)
7.5.2. Asia Pacific: Fermentation Chemicals Market, by Product, 2019-2032 (USD Billion)
7.5.3. Fermentation Chemicals Market – China
7.5.3.1. China: Fermentation Chemicals Market, by Application, 2019-2032 (USD Billion)
7.5.3.2. China: Fermentation Chemicals Market, by Product, 2019-2032 (USD Billion)
7.5.4. Fermentation Chemicals Market – India
7.5.4.1. India: Fermentation Chemicals Market, by Application, 2019-2032 (USD Billion)
7.5.4.2. India: Fermentation Chemicals Market, by Product, 2019-2032 (USD Billion)
7.5.5. Fermentation Chemicals Market – Malaysia
7.5.5.1. Malaysia: Fermentation Chemicals Market, by Application, 2019-2032 (USD Billion)
7.5.5.2. Malaysia: Fermentation Chemicals Market, by Product, 2019-2032 (USD Billion)
7.5.6. Fermentation Chemicals Market – Japan
7.5.6.1. Japan: Fermentation Chemicals Market, by Application, 2019-2032 (USD Billion)
7.5.6.2. Japan: Fermentation Chemicals Market, by Product, 2019-2032 (USD Billion)
7.5.7. Fermentation Chemicals Market – Indonesia
7.5.7.1. Indonesia: Fermentation Chemicals Market, by Application, 2019-2032 (USD Billion)
7.5.7.2. Indonesia: Fermentation Chemicals Market, by Product, 2019-2032 (USD Billion)
7.5.8. Fermentation Chemicals Market – South Korea
7.5.8.1. South Korea: Fermentation Chemicals Market, by Application, 2019-2032 (USD Billion)
7.5.8.2. South Korea: Fermentation Chemicals Market, by Product, 2019-2032 (USD Billion)
7.6. Fermentation Chemicals Market – Middle East & Africa
7.6.1. Middle East & Africa: Fermentation Chemicals Market, by Application, 2019-2032 (USD Billion)
7.6.2. Middle East & Africa: Fermentation Chemicals Market, by Product, 2019-2032 (USD Billion)
7.6.3. Fermentation Chemicals Market – Saudi Arabia
7.6.3.1. Saudi Arabia: Fermentation Chemicals Market, by Application, 2019-2032 (USD Billion)
7.6.3.2. Saudi Arabia: Fermentation Chemicals Market, by Product, 2019-2032 (USD Billion)
7.6.4. Fermentation Chemicals Market – UAE
7.6.4.1. UAE: Fermentation Chemicals Market, by Application, 2019-2032 (USD Billion)
7.6.4.2. UAE: Fermentation Chemicals Market, by Product, 2019-2032 (USD Billion)
7.6.5. Fermentation Chemicals Market – Israel
7.6.5.1. Israel: Fermentation Chemicals Market, by Application, 2019-2032 (USD Billion)
7.6.5.2. Israel: Fermentation Chemicals Market, by Product, 2019-2032 (USD Billion)
7.6.6. Fermentation Chemicals Market – South Africa
7.6.6.1. South Africa: Fermentation Chemicals Market, by Application, 2019-2032 (USD Billion)
7.6.6.2. South Africa: Fermentation Chemicals Market, by Product, 2019-2032 (USD Billion)
7.7. Fermentation Chemicals Market – Latin America
7.7.1. Latin America: Fermentation Chemicals Market, by Application, 2019-2032 (USD Billion)
7.7.2. Latin America: Fermentation Chemicals Market, by Product, 2019-2032 (USD Billion)
7.7.3. Fermentation Chemicals Market – Mexico
7.7.3.1. Mexico: Fermentation Chemicals Market, by Application, 2019-2032 (USD Billion)
7.7.3.2. Mexico: Fermentation Chemicals Market, by Product, 2019-2032 (USD Billion)
7.7.4. Fermentation Chemicals Market – Brazil
7.7.4.1. Brazil: Fermentation Chemicals Market, by Application, 2019-2032 (USD Billion)
7.7.4.2. Brazil: Fermentation Chemicals Market, by Product, 2019-2032 (USD Billion)
7.7.5. Fermentation Chemicals Market – Argentina
7.7.5.1. Argentina: Fermentation Chemicals Market, by Application, 2019-2032 (USD Billion)
7.7.5.2. Argentina: Fermentation Chemicals Market, by Product, 2019-2032 (USD Billion)
8. Competitive Landscape
8.1. Expansion and Acquisition Analysis
8.1.1. Expansion
8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
9.1. BASF
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Recent Development
9.2. Novozymes
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Recent Development
9.3. DuPont Danisco
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Recent Development
9.4. Amano Enzymes
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Recent Development
9.5. Hansen Holding
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Recent Development
9.6. Evonik Industries
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Recent Development
9.7. Ajinomoto
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Recent Development
9.8. AB Enzymes
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Recent Development
9.9. Dow Chemical
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Recent Development
9.10. Cargill Inc
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Recent Development
9.11. Daniels Midland Company
9.11.1. Company Overview
9.11.2. Financial Performance
9.11.3. Product Benchmarking
9.11.4. Recent Development
9.12. TCI Chemicals
9.12.1. Company Overview
9.12.2. Financial Performance
9.12.3. Product Benchmarking
9.12.4. Recent Development
9.13. INVISTA
9.13.1. Company Overview
9.13.2. Financial Performance
9.13.3. Product Benchmarking
9.13.4. Recent Development
9.14. MicroBiopharm Japan
9.14.1. Company Overview
9.14.2. Financial Performance
9.14.3. Product Benchmarking
9.14.4. Recent Development
9.15. Biocon
9.15.1. Company Overview
9.15.2. Financial Performance
9.15.3. Product Benchmarking
9.15.4. Recent Development
9.16. Lonza
9.16.1. Company Overview
9.16.2. Financial Performance
9.16.3. Product Benchmarking
9.16.4. Recent Development
9.17. Novasep
9.17.1. Company Overview
9.17.2. Financial Performance
9.17.3. Product Benchmarking
9.17.4. Recent Development

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