Fermentation Chemicals Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The market is segmented by Product Type (Alcohols, Organic Acids, Enzymes, and Other Product Types), Application (Industrial, Food and Beverage, Pharmaceutical and Nutritional, Plastics and Fibers, and OtherApplications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).

Home Market Analysis Chemicals & Materials Research Biobased Chemicals Research Fermentation Chemicals Research Fermentation Chemicals Market

Fermentation Chemicals Market Size

Fermentation Chemicals Market Summary
Study Period 2018 - 2028
Market Size (2023) USD 185.51 Billion
Market Size (2028) USD 232.29 Billion
CAGR (2023 - 2028) 4.60 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Fermentation Chemicals Market Major Players

*Disclaimer: Major Players sorted in no particular order
setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Fermentation Chemicals Market Analysis

The Fermentation Chemicals Market size is expected to grow from USD 185.51 billion in 2023 to USD 232.29 billion by 2028, at a CAGR of 4.60% during the forecast period (2023-2028).

The COVID-19 pandemic negatively impacted the fermentation chemicals market. However, the market recovered significantly in 2021.

  • Over the short term, the growing demand from the methanol and ethanol industry and increasing demand from the pharmaceutical industry are major factors driving the studied market's growth.
  • However, high costs due to the complexity involved in the manufacturing process are likely to restrain the growth of the studied market.
  • Nevertheless, growing green chemistry opportunities will likely create lucrative growth opportunities for the global market soon.
  • The North American region dominates the fermentation chemicals market, with the largest consumption coming from countries like the United States, Canada, and Mexico.

Fermentation Chemicals Market Trends

This section covers the major market trends shaping the Fermentation Chemicals Market according to our research experts:

Alcohols Segment to Dominate the Market

  • Ethanol butanol, BDO, and acetone are the major forms of alcohol made using fermentation chemicals. The global fermentation chemical market is dominated by alcohol, primarily ethanol 
  • Ethanol is widely used as fuel in vehicles, as a fuel additive in gasoline, in paints and coatings, personal care products, alcoholic beverages, and many more.
  • The consumption of alcohol across the world is expected to increase significantly. There is also a surge of alcohol usage in pharmaceutical applications for the manufacturing of products, such as anesthetics, antiseptics, drugs, liniments, lotions, etc., all of which are expected to drive the market for alcohol during the forecast period.
  • Hence, owing to the above-mentioned factors, alcohols is likely to be the major product type of the market studied during the forecast period.
Fermentation Chemicals Market, Revenue (%), by Application, Global, 2019

North America to Dominate the Market

  • North America accounts for the highest share in the global fermentation chemicals market currently.
  • The market for North America is highly driven by the pharmaceutical industry in the United States, and its growing focus to turn itself into a green industry. 
  • In the recent past, the food & beverage industry has witnessed a major growth in the United States which is likely to drive the market studied.
  • Additionally, there has been an increasing demand for fermentation chemicals from Canad and Mexico for usage in industries like pharmaceutical, food & beverage, etc.
  • Hence, owing to the above-mentioned factors, North America is likely to witness the highest market share during the forecast period.
Fermentation Chemicals Market - Growth Rate by Region, 2020-2025

Fermentation Chemicals Industry Overview

The global fermentation chemicals market is moderately consolidated as the market of the market share is divided among few players. Some of the key players in the market include BASF SE, Cargill, Incorporated., Evonik Industries AG, DSM, and Lonza, among others.

Fermentation Chemicals Market Leaders

  1. BASF SE

  2. Cargill, Incorporated.

  3. Evonik Industries AG

  4. DSM

  5. Lonza

*Disclaimer: Major Players sorted in no particular order

Fermentation Chemicals Market Concentration
Need More Details on Market Players and Competitors?
Download PDF

Fermentation Chemicals Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand from Methanol and Ethanol Industry

      2. 4.1.2 Increasing Demand from the Pharmaceutical Industry

    2. 4.2 Restraints

      1. 4.2.1 High Cost Due to the Complexity Involved in the Manufacturing Process

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 Alcohols

        1. 5.1.1.1 Ethanol

        2. 5.1.1.2 Other Alcohols

      2. 5.1.2 Organic Acids

      3. 5.1.3 Enzymes

      4. 5.1.4 Other Product Types

    2. 5.2 Application

      1. 5.2.1 Industrial

      2. 5.2.2 Food and Beverage

      3. 5.2.3 Pharmaceutical and Nutritional

      4. 5.2.4 Plastics and Fibers

      5. 5.2.5 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 ASEAN Countries

        6. 5.3.1.6 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 AB Enzymes

      2. 6.4.2 Ajinomoto Co., Inc.

      3. 6.4.3 ADM

      4. 6.4.4 BASF SE

      5. 6.4.5 Biocon

      6. 6.4.6 BioVectra

      7. 6.4.7 Cargill, Incorporated.

      8. 6.4.8 Chr. Hansen Holding A/S

      9. 6.4.9 DSM

      10. 6.4.10 Evonik Industries AG

      11. 6.4.11 Lonza

      12. 6.4.12 MicroBiopharm Japan Co., Ltd.

      13. 6.4.13 Novasep

      14. 6.4.14 Novozymes

      15. 6.4.15 Teva Pharmaceutical Industries Ltd.

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Fermentation Chemicals Industry Segmentation

The fermentation chemicals market report includes:

Product Type
Alcohols
Ethanol
Other Alcohols
Organic Acids
Enzymes
Other Product Types
Application
Industrial
Food and Beverage
Pharmaceutical and Nutritional
Plastics and Fibers
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
Need A Different Region Or Segment?
Customize Now

Fermentation Chemicals Market Research FAQs

The Fermentation Chemicals Market size is expected to reach USD 185.51 billion in 2023 and grow at a CAGR of 4.60% to reach USD 232.29 billion by 2028.

In 2023, the Fermentation Chemicals Market size is expected to reach USD 185.51 billion.

BASF SE, Cargill, Incorporated., Evonik Industries AG, DSM and Lonza are the major companies operating in the Fermentation Chemicals Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2022-2028).

In 2022, the North America accounts for the largest market share in Fermentation Chemicals Market.

Fermentation Chemicals Industry Report

Statistics for the 2023 Fermentation Chemicals market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Fermentation Chemicals analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Fermentation Chemicals Report Snapshots

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!