Summary

Market Overview:

The global fermentation chemicals market size reached US$ 74.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 104.0 Billion by 2028, exhibiting a growth rate (CAGR) of 6.2% during 2023-2028.

Fermentation chemicals are used to catalyze or initiate the chemical process of fermentation in various products. These chemicals are majorly manufactured using vegetable feedstock, such as sugar, corn and starch, and are used in the production of bioplastics, biofuels, polymers and composites, among other products. They are crucial for increasing the pace of the chemical reaction, which contributes to minimize the overall manufacturing cost, fermentation time and energy consumption. Owing to this, these chemicals find extensive applications across various industries, including plastic manufacturing, pharmaceuticals, nutraceuticals, and food and beverages (F&B).

The growing F&B industry, along with rapid industrialization across the globe, represent as the key factors driving the growth of the market. Furthermore, the rising demand for alcoholic beverages is also providing a boost to the market growth. Fermented chemicals are primarily used in the production of various alcoholic beverages and food products, such as breads, cheese and pickles. Additionally, advancements in fermentation technologies have enabled large-scale production of several organic acids, such as lactic, tartaric and fumaric acid, thereby increasing the demand for fermentation chemicals across the globe. Moreover, growing consumer awareness regarding environment-friendly and bio-based raw materials is creating a positive outlook for the market growth. Industries are gradually shifting their focus toward fermentation chemicals as an alternative to their synthetic or petroleum-derived counterparts. An increasing product adoption for the manufacturing of steroids and antibiotics, along with extensive research and development (R&D) activities, are also projected to drive the market further.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global fermentation chemicals market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, form and application.

Breakup by Product:

Alcohol
Enzymes
Organic Acids
Others

Breakup by Form:

Liquid
Powder

Breakup by Application:

Industrial Applications
Food and Beverages
Nutritional and Pharmaceuticals
Plastics and Fibers
Others

Breakup by Region:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being BASF SE, AB Enzymes, Ajinomoto Co. Inc., Amano Enzymes USA, Co., Ltd., Archer Daniels Midland Company (ADM), Cargill Incorporated, Chr. Hansen A/S, Koninklijke DSM N.V., Evonik Industries AG, Novozymes A/S, The Dow Chemical Company, Koch Industries Inc. (Invista BV), etc.

Key Questions Answered in This Report

1. What was the size of the global fermentation chemicals market in 2022?
2. What is the expected growth rate of the global fermentation chemicals market during 2023-2028?
3. What are the key factors driving the global fermentation chemicals market?
4. What has been the impact of COVID-19 on the global fermentation chemicals market?
5. What is the breakup of the global fermentation chemicals market based on the product?
6. What is the breakup of the global fermentation chemicals market based on the application?
7. What are the key regions in the global fermentation chemicals market?
8. Who are the key players/companies in the global fermentation chemicals market?

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Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Fermentation Chemicals Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 Alcohol
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Enzymes
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Organic Acids
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Form
7.1 Liquid
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Powder
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
8.1 Industrial Applications
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Food and Beverages
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Nutritional and Pharmaceuticals
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Plastics and Fibers
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Europe
9.2.1 Germany
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 France
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 United Kingdom
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 Italy
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Spain
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Russia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Asia Pacific
9.3.1 China
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 Japan
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 India
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 South Korea
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Australia
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Indonesia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 BASF SE
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 AB Enzymes
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Ajinomoto Co. Inc.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Amano Enzymes USA, Co., Ltd.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Archer Daniels Midland Company (ADM)
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Cargill Incorporated
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Chr. Hansen A/S
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Koninklijke DSM N.V.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Evonik Industries AG
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Novozymes A/S
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 The Dow Chemical Company
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12 Koch Industries Inc. (Invista BV)
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis

List of Figures

Figure 1: Global: Fermentation Chemicals Market: Major Drivers and Challenges
Figure 2: Global: Fermentation Chemicals Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Fermentation Chemicals Market: Breakup by Product (in %), 2022
Figure 4: Global: Fermentation Chemicals Market: Breakup by Form (in %), 2022
Figure 5: Global: Fermentation Chemicals Market: Breakup by Application (in %), 2022
Figure 6: Global: Fermentation Chemicals Market: Breakup by Region (in %), 2022
Figure 7: Global: Fermentation Chemicals Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 8: Global: Fermentation Chemicals (Alcohol) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Fermentation Chemicals (Alcohol) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Fermentation Chemicals (Enzymes) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Fermentation Chemicals (Enzymes) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Fermentation Chemicals (Organic Acids) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Fermentation Chemicals (Organic Acids) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Fermentation Chemicals (Other Products) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Fermentation Chemicals (Other Products) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Fermentation Chemicals (Liquid) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Fermentation Chemicals (Liquid) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Fermentation Chemicals (Powder) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Fermentation Chemicals (Powder) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Fermentation Chemicals (Industrial Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Fermentation Chemicals (Industrial Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Fermentation Chemicals (Food and Beverages) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Fermentation Chemicals (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Fermentation Chemicals (Nutritional and Pharmaceuticals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Fermentation Chemicals (Nutritional and Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Fermentation Chemicals (Plastics and Fibers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Fermentation Chemicals (Plastics and Fibers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Fermentation Chemicals (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Fermentation Chemicals (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: North America: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: North America: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: United States: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: United States: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Canada: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Canada: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Asia Pacific: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Asia Pacific: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: China: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: China: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Japan: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Japan: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: India: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: India: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: South Korea: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: South Korea: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Australia: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Australia: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Indonesia: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Indonesia: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Others: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Others: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Europe: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Europe: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Germany: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Germany: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: France: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: France: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: United Kingdom: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: United Kingdom: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Italy: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Italy: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Spain: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Spain: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Russia: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Russia: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Others: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Others: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Latin America: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Latin America: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Brazil: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Brazil: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Mexico: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Mexico: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Others: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Others: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Middle East and Africa: Fermentation Chemicals Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Middle East and Africa: Fermentation Chemicals Market Forecast: Breakup by Country (in %), 2022
Figure 78: Middle East and Africa: Fermentation Chemicals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Global: Fermentation Chemicals Industry: SWOT Analysis
Figure 80: Global: Fermentation Chemicals Industry: Value Chain Analysis
Figure 81: Global: Fermentation Chemicals Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Fermentation Chemicals Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Fermentation Chemicals Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Fermentation Chemicals Market Forecast: Breakup by Form (in Million US$), 2023-2028
Table 4: Global: Fermentation Chemicals Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Fermentation Chemicals Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Fermentation Chemicals Market: Competitive Structure
Table 7: Global: Fermentation Chemicals Market: Key Players