The Global Fermentation Chemicals Market size is expected to reach $78.2 billion by 2025, rising at a market growth of 5.5% CAGR during the forecast period (2019-2025). Fermentation, a metabolic procedure, produces chemical alterations within organic substrates by the activities of enzymes. It is also explained as the process of energy extraction from carbohydrates in absence of oxygen. With the perspective related to the food processing sector, it is also defined as a process that brings the desired alteration in a beverage or food with the actions of specific microorganisms in a controlled environment or conditions.
While there are a number of chemicals used for the intended fermentation however, most commonly used products for fermentations are Alcohol, Enzymes, and Organic Acids.
U.S. Environmental Protection Agency (EPA) is continuously working towards limiting the usage and production of chemicals with high risk. The EPA has listed down high risk chemicals in its Toxic Substances Control Act (TSCA) and is rigorously scrutinizing them for risk they pose to humans and environment.
For instance, the U.S. Environmental Protection Agency announced to start the process for exercising limits on two man-made chemicals which are related to serious health hazards such as cancer and other illnesses, and are widely found in soil and potable water. Such chemicals are present in our surroundings for decades and were found useful as they are good at resisting water and oil. These chemicals are found in a number of products, such as food wrappers, non-stick cookware, fire-fighting foam and fabrics.
On the same lines, European Commission levies severe conditions on the usage of hazardous chemicals used in aerospace, automotive and medical sectors. The Commission stays to make efforts with EU countries and the European Chemicals Agency (ECHA) to unceasingly limit the dangers posed by chemicals to health of humans and the environment with regards to the EU's REACH (Registration, Evaluation, Authorization and Restriction of Chemicals) regulation.
The growth of pharmaceutical market worldwide is predicted to fuel the market growth of fermentation chemicals market. The Pharma industry across regions is one of the major end user of the fermentation chemicals. Enhanced research efforts made in pharmaceutical sector by the companies to develop new drugs utilizing bacteria is predicted to further drive the demand these fermentation chemicals. The pharmaceutical sector, currently valued at nearly $1.18 trillion in 2018, is forecasted to reach $1.5 trillion by 2023 growing at a growth rate of more than 4% CAGR.
The growth in pharmaceutical industry is powered by the increase in total population and growth in ageing population across the regions. As per data from World Population Prospects, the population globally is expected to cross 9 billion by 2050 with more than 20% population accounting for the age bracket from 60 years and above. In addition, the increasing purchasing power and enhanced access to quality healthcare worldwide is fuelling the global Pharma market growth.
The report highlights the adoption of Fermentation Chemicals globally. Based on Application, the market is segmented into Industrial, Plastics & Fibers, Food and Beverages, Pharmaceutical and Nutritional and Other Applications. Based on Product, the market is segmented into Alcohols, Organic Acid, Enzymes and Other Products. The report also covers geographical segmentation of Fermentation Chemicals market. The geographies included in the report are North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. For the better analysis, the geographies are segmented into countries.
The major market players expanding their reach in the global Fermentation Chemicals market are: Novozymes A/S, Koch Industries, Inc. (Invista BV), The Dow Chemical Company, BASF SE, Archer Daniels Midland Company, Cargill Corporation, Chr. Hansen Holding A/S, Koninklijke DSM N.V, Ajinomoto Co. Inc. and Evonik Industries AG (RAG-Stiftung).
Scope of the Study
Market Segmentation
By Application
- Industrial
- Plastics & Fibers
- Food and Beverages
- Pharmaceutical and Nutritional
- Other Applications
By Product
- Alcohols
- Organic Acid
- Enzymes and
- Other Products
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- Latin America, Middle East and Africa (LAMEA)
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Companies Profiled
- Novozymes A/S
- Koch Industries, Inc. (Invista BV)
- The Dow Chemical Company
- BASF SE
- Archer Daniels Midland Company
- Cargill Corporation
- Chr. Hansen Holding A/S
- Koninklijke DSM N.V
- Ajinomoto Co. Inc. and
- Evonik Industries AG (RAG-Stiftung)
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Global Fermentation Chemicals Market, by Application
- 1.4.2 Global Fermentation Chemicals Market, by Product
- 1.4.3 Global Fermentation Chemicals Market, by Geography
- 1.5 Methodology for the research
Chapter 2. Market Overview
- 2.1 Introduction
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
Chapter 3. Global Fermentation Chemicals Market by Application
- 3.1 Global Industrial Market by Region
- 3.2 Global Plastics & Fibers Market by Region
- 3.3 Global Food and Beverages Market by Region
- 3.4 Global Pharmaceutical and Nutritional Market by Region
- 3.5 Global Other Applications Market by Region
Chapter 4. Global Fermentation Chemicals Market by Product
- 4.1 Global Alcohols Market by Region
- 4.2 Global Organic Acid Market by Region
- 4.3 Global Enzymes Market by Region
- 4.4 Global Other Products Market by Region
Chapter 5. Global Fermentation Chemicals Market by Region
- 5.1 North America Fermentation Chemicals Market
- 5.1.1 North America Fermentation Chemicals Market by Application
- 5.1.1.1 North America Industrial Market by Region
- 5.1.1.2 North America Plastics & Fibers Market by Region
- 5.1.1.3 North America Food and Beverages Market by Region
- 5.1.1.4 North America Pharmaceutical and Nutritional Market by Region
- 5.1.1.5 North America Other Applications Market by Region
- 5.1.2 North America Fermentation Chemicals Market by Product
- 5.1.2.1 North America Alcohols Market by Region
- 5.1.2.2 North America Organic Acid Market by Region
- 5.1.2.3 North America Enzymes Market by Region
- 5.1.2.4 North America Other Products Market by Region
- 5.1.3 North America Fermentation Chemicals Market by Region
- 5.1.3.1 USA Fermentation Chemicals Market
- 5.1.3.1.1 USA Fermentation Chemicals Market by Application
- 5.1.3.1.2 USA Fermentation Chemicals Market by Product
- 5.1.3.2 Canada Fermentation Chemicals Market
- 5.1.3.2.1 Canada Fermentation Chemicals Market by Application
- 5.1.3.2.2 Canada Fermentation Chemicals Market by Product
- 5.1.3.3 Mexico Fermentation Chemicals Market
- 5.1.3.3.1 Mexico Fermentation Chemicals Market by Application
- 5.1.3.3.2 Mexico Fermentation Chemicals Market by Product
- 5.1.3.4 Rest of North America Fermentation Chemicals Market
- 5.1.3.4.1 Rest of North America Fermentation Chemicals Market by Application
- 5.1.3.4.2 Rest of North America Fermentation Chemicals Market by Product
- 5.2 Europe Fermentation Chemicals Market
- 5.2.1 Europe Fermentation Chemicals Market by Application
- 5.2.1.1 Europe Industrial Market by Region
- 5.2.1.2 Europe Plastics & Fibers Market by Region
- 5.2.1.3 Europe Food and Beverages Market by Region
- 5.2.1.4 Europe Pharmaceutical and Nutritional Market by Region
- 5.2.1.5 Europe Other Applications Market by Region
- 5.2.2 Europe Fermentation Chemicals Market by Product
- 5.2.2.1 Europe Alcohols Market by Region
- 5.2.2.2 Europe Organic Acid Market by Region
- 5.2.2.3 Europe Enzymes Market by Region
- 5.2.2.4 Europe Other Products Market by Region
- 5.2.3 Europe Fermentation Chemicals Market by Region
- 5.2.3.1 Germany Fermentation Chemicals Market
- 5.2.3.1.1 Germany Fermentation Chemicals Market by Application
- 5.2.3.1.2 Germany Fermentation Chemicals Market by Product
- 5.2.3.2 UK Fermentation Chemicals Market
- 5.2.3.2.1 UK Fermentation Chemicals Market by Application
- 5.2.3.2.2 UK Fermentation Chemicals Market by Product
- 5.2.3.3 France Fermentation Chemicals Market
- 5.2.3.3.1 France Fermentation Chemicals Market by Application
- 5.2.3.3.2 France Fermentation Chemicals Market by Product
- 5.2.3.4 Russia Fermentation Chemicals Market
- 5.2.3.4.1 Russia Fermentation Chemicals Market by Application
- 5.2.3.4.2 Russia Fermentation Chemicals Market by Product
- 5.2.3.5 Spain Fermentation Chemicals Market
- 5.2.3.5.1 Spain Fermentation Chemicals Market by Application
- 5.2.3.5.2 Spain Fermentation Chemicals Market by Product
- 5.2.3.6 Italy Fermentation Chemicals Market
- 5.2.3.6.1 Italy Fermentation Chemicals Market by Application
- 5.2.3.6.2 Italy Fermentation Chemicals Market by Product
- 5.2.3.7 Rest of Europe Fermentation Chemicals Market
- 5.2.3.7.1 Rest of Europe Fermentation Chemicals Market by Application
- 5.2.3.7.2 Rest of Europe Fermentation Chemicals Market by Product
- 5.3 Asia Pacific Fermentation Chemicals Market
- 5.3.1 Asia Pacific Fermentation Chemicals Market by Application
- 5.3.1.1 Asia Pacific Industrial Market by Region
- 5.3.1.2 Asia Pacific Plastics & Fibers Market by Region
- 5.3.1.3 Asia Pacific Food and Beverages Market by Region
- 5.3.1.4 Asia Pacific Pharmaceutical and Nutritional Market by Region
- 5.3.1.5 Asia Pacific Other Applications Market by Region
- 5.3.2 Asia Pacific Fermentation Chemicals Market by Product
- 5.3.2.1 Asia Pacific Alcohols Market by Region
- 5.3.2.2 Asia Pacific Organic Acid Market by Region
- 5.3.2.3 Asia Pacific Enzymes Market by Region
- 5.3.2.4 Asia Pacific Other Products Market by Region
- 5.3.3 Asia Pacific Fermentation Chemicals Market by Region
- 5.3.3.1 China Fermentation Chemicals Market
- 5.3.3.1.1 China Fermentation Chemicals Market by Application
- 5.3.3.1.2 China Fermentation Chemicals Market by Product
- 5.3.3.2 Japan Fermentation Chemicals Market
- 5.3.3.2.1 Japan Fermentation Chemicals Market by Application
- 5.3.3.2.2 Japan Fermentation Chemicals Market by Product
- 5.3.3.3 India Fermentation Chemicals Market
- 5.3.3.3.1 India Fermentation Chemicals Market by Application
- 5.3.3.3.2 India Fermentation Chemicals Market by Product
- 5.3.3.4 South Korea Fermentation Chemicals Market
- 5.3.3.4.1 South Korea Fermentation Chemicals Market by Application
- 5.3.3.4.2 South Korea Fermentation Chemicals Market by Product
- 5.3.3.5 Singapore Fermentation Chemicals Market
- 5.3.3.5.1 Singapore Fermentation Chemicals Market by Application
- 5.3.3.5.2 Singapore Fermentation Chemicals Market by Product
- 5.3.3.6 Malaysia Fermentation Chemicals Market
- 5.3.3.6.1 Malaysia Fermentation Chemicals Market by Application
- 5.3.3.6.2 Malaysia Fermentation Chemicals Market by Product
- 5.3.3.7 Rest of Asia Pacific Fermentation Chemicals Market
- 5.3.3.7.1 Rest of Asia Pacific Fermentation Chemicals Market by Application
- 5.3.3.7.2 Rest of Asia Pacific Fermentation Chemicals Market by Product
- 5.4 LAMEA Fermentation Chemicals Market
- 5.4.1 LAMEA Fermentation Chemicals Market by Application
- 5.4.1.1 LAMEA Industrial Market by Region
- 5.4.1.2 LAMEA Plastics & Fibers Market by Region
- 5.4.1.3 LAMEA Food and Beverages Market by Region
- 5.4.1.4 LAMEA Pharmaceutical and Nutritional Market by Region
- 5.4.1.5 LAMEA Other Applications Market by Region
- 5.4.2 LAMEA Fermentation Chemicals Market by Product
- 5.4.2.1 LAMEA Alcohols Market by Region
- 5.4.2.2 LAMEA Organic Acid Market by Region
- 5.4.2.3 LAMEA Enzymes Market by Region
- 5.4.2.4 LAMEA Other Products Market by Region
- 5.4.3 LAMEA Fermentation Chemicals Market by Region
- 5.4.3.1 Brazil Fermentation Chemicals Market
- 5.4.3.1.1 Brazil Fermentation Chemicals Market by Application
- 5.4.3.1.2 Brazil Fermentation Chemicals Market by Product
- 5.4.3.2 Argentina Fermentation Chemicals Market
- 5.4.3.2.1 Argentina Fermentation Chemicals Market by Application
- 5.4.3.2.2 Argentina Fermentation Chemicals Market by Product
- 5.4.3.3 UAE Fermentation Chemicals Market
- 5.4.3.3.1 UAE Fermentation Chemicals Market by Application
- 5.4.3.3.2 UAE Fermentation Chemicals Market by Product
- 5.4.3.4 Saudi Arabia Fermentation Chemicals Market
- 5.4.3.4.1 Saudi Arabia Fermentation Chemicals Market by Application
- 5.4.3.4.2 Saudi Arabia Fermentation Chemicals Market by Product
- 5.4.3.5 South Africa Fermentation Chemicals Market
- 5.4.3.5.1 South Africa Fermentation Chemicals Market by Application
- 5.4.3.5.2 South Africa Fermentation Chemicals Market by Product
- 5.4.3.6 Nigeria Fermentation Chemicals Market
- 5.4.3.6.1 Nigeria Fermentation Chemicals Market by Application
- 5.4.3.6.2 Nigeria Fermentation Chemicals Market by Product
- 5.4.3.7 Rest of LAMEA Fermentation Chemicals Market
- 5.4.3.7.1 Rest of LAMEA Fermentation Chemicals Market by Application
- 5.4.3.7.2 Rest of LAMEA Fermentation Chemicals Market by Product
Chapter 6. Company Profiles
- 6.1 Novozymes A/S
- 6.1.1 Company Overview
- 6.1.2 Financial Analysis
- 6.1.3 Segmental and Regional Analysis
- 6.1.4 Research & Development Expense
- 6.2 Koch Industries, Inc. (Invista BV)
- 6.3 The Dow Chemical Company
- 6.3.1 Company Overview
- 6.3.2 Financial Analysis
- 6.3.3 Regional Analysis
- 6.3.4 Research & Development Expense
- 6.4 BASF SE
- 6.4.1 Company Overview
- 6.4.2 Financial Analysis
- 6.4.3 Segmental and Regional Analysis
- 6.4.4 Research & Development Expense
- 6.5 Archer Daniels Midland Company
- 6.5.1 Company Overview
- 6.5.1 Financial Analysis
- 6.5.2 Segmental and Regional Analysis
- 6.5.3 Research & Development Expense
- 6.6 Cargill Corporation
- 6.6.1 Company Overview
- 6.6.2 Financial Analysis
- 6.6.3 Segmental Analysis
- 6.7 Chr. Hansen Holding A/S
- 6.7.1 Company Overview
- 6.7.2 Financial Analysis
- 6.7.3 Segmental and Regional Analysis
- 6.7.4 Research & Development Expense
- 6.8 Koninklijke DSM N.V.
- 6.8.1 Company Overview
- 6.8.2 Financial Analysis
- 6.8.3 Segmental and Regional Analysis
- 6.8.4 Research & Development Expense
- 6.9 Ajinomoto Co., Inc.
- 6.9.1 Company Overview
- 6.9.2 Financial Analysis
- 6.9.3 Segmental and Regional Analysis
- 6.9.4 Research & Development Expense
- 6.1 Evonik Industries AG (RAG-Stiftung)
- 6.10.1 Company Overview
- 6.10.2 Financial Analysis
- 6.10.3 Segmental and Regional Analysis
- 6.10.4 Research & Development Expense