According to IMARC Group’s latest report, the global fermentation chemicals market reached a value of US$ 70 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 100 Billion by 2027, exhibiting a CAGR of 6.4% during 2022-2027.
Fermentation chemicals are compounds used to initiate or amplify the speed of fermentation in various products. They comprise numerous chemicals, such as alcohol, glycerol, carbon dioxide, lactic acid, butyl alcohol, acetone, monosodium glutamate, citric acid, gluconic acid, and acetic acid. They also contain various probiotics and antibiotics, which enhance gut health, heart condition, and immune function. They are manufactured industrially via microbial activity on vegetable feedstocks and conversion of their components through enzymatic reactions. They are employed in the manufacturing process of polymers, biofuels, bioplastics, and various composites. They are mixed with flavorings and sugars and assist in producing alcoholic beverages, such as wine, beer, and distilled spirits. They are used as effective solvents in paints, varnish, and lacquers and as an antifreeze agent in motor cars. Fermentation chemicals are incorporated into various skin care products to enhance the formation of ceramides to improve the barrier and moisture retention capabilities of the skin. They also find extensive applications as a preservative and an antimicrobial agent to increase the shelf life of various edible products. They also help evenly distribute food coloring and enhance the flavor and texture of food items. As they are eco-friendly, simple to manufacture and offer a wide range of beneficial properties, fermentation chemicals are widely utilized in chemical, nutraceutical, pharmaceutical, plastic and polymer, and food and beverage (F&B) industries across the globe.
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Market Trends
Presently, the increasing demand for fermentation chemicals in different food products and drinks as flavor enhancers and preservatives around the world represents one of the key factors driving the market. Besides this, the rising utilization of bioplastics in manufacturing bottles, straws, cutlery, insulators, medical implants, and casings due to the growing environmental concerns across the globe is positively influencing the market. In addition, the increasing number of bars and restaurants serving alcohol on account of the rising consumption of alcoholic beverages by individuals at parties and get-togethers is propelling the growth of the market. Apart from this, there is a rise in the employment of skin care products containing active ingredients to enhance skin quality and elasticity. This, along with the growing skin problems due to unhealthy lifestyles, is currently offering a favorable market outlook. Furthermore, key players operating in the industry are extensively investing in research and development (R&D) activities to introduce enhanced sustainable approaches in the production of fermentation chemicals, which is bolstering the growth of the market.
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List of Key Companies Covered in this Market Report:
BASF SE
AB Enzymes
Ajinomoto Co. Inc.
Amano Enzymes Inc.
Archer Daniels
Midland Company (ADM),
Cargill Incorporated
Chr. Hansen A/S
DSM
Evonik Industries AG
Novozymes A/S
The Dow Chemical Company
Koch Industries Inc. (Invista BV)
The report has segmented the market on the basis of product, form, application, organization size, end use and geography.
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 Geography:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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