Fermentation technology has been a long favored biological process due to its simplicity of reaction, low costs, versatility of application and high specificity. Industries have complimented the basic principle of fermentation with advance in techniques and genetic engineering. This has led to high demand from various end use industries in the market. Fermentation chemicals are therefore used in wide range of industries which include chemical, leather, rubber and textile among others.

Alcohol industry is major consumer of fermentation chemicals. Beer, Wine and Spirits are the major products produced from fermentation chemicals. Among them beer is the largest selling alcohol. Therefore, high demand from the alcohol industry is expected to boost market demand for fermentation chemicals in 2016. Other product segments of fermentation chemical market which include enzymes and organic acid are also expected to boost demand for fermentation chemicals in the near future.

Industrial applications accounted for major share of global fermentation chemicals market in 2016. Fermentation chemicals are used on a large scale in industries such as chemicals, rubber and plastic among others. Therefore, high demands from these industries are driving the growth of global fermentation chemicals market in Asia Pacific and North America as compared to other regions worldwide. The major factors contributing to high demand of fermentation chemicals include growing demand from the cosmetic & pharmaceutical industry. Other applications such as plastic & fibers are also projected to fuel market growth of fermentation chemicals in the near future.

Fermentation chemicals market was valued at US$ 47.4 Bn in 2016 and is expected to reach US$ 66.0 Bn by 2023, growing at a CAGR of 5.6% during the forecast period 2016-2021.

Purpose of the Report

The purpose of this strategic research study titled “Global Fermentation Chemicals Market - Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2023” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global fermentation chemicals market.

Target Audience

• Industry Investors
• Fermentation Chemicals Providers/Vendors
• Research Professionals
• Emerging Companies
• Raw Material Suppliers/ Buyers
• Product Suppliers/ Buyers
• Research Institutes

USP and Key Offerings

The report titled “Global Fermentation Chemicals Market - Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2023” offers strategic insights into the global fermentation chemicals market along with the market size and estimates for the duration 2015 to 2023. The said research study covers in-depth analysis of multiple market segments based on applications, functions and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading fermentation chemicals vendors, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:

• Current and future market trends to justify the forthcoming attractive markets within fermentation chemicals industry
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2013 – 2014)
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global fermentation chemicals market, of growth, offering market size and estimates for the period from 2015 to 2023, keeping in mind the above mentioned factors.

Various types of products are formed due to fermentation. Products such as enzymes, alcohols, vitamins and xanthan among others are formed as a result of fermentation. Among these, alcohols accounted as the largest product segment formed due to fermentation. It accounted for more than 50% share of global fermentation chemicals market in 2016. Alcohol is used on a large scale across various industries. It is used in the food & beverage industry, paint industry, pharmaceutical industry and chemical industry among others. High demand for alcohol from these industries is the major factor driving the growth of global fermentation chemicals market in 2016. Stringent regulations and need for eco-friendly, bio-based fermentation chemicals are one among the factors contributing to high demand for alcohol in the market. Changing lifestyle of people in Asia Pacific has also boosted market growth of fermentation chemicals market and is expected to rise in the near future. Enzymes followed alcohol in terms of demand in 2016. It accounted as the largest product segment of global fermentation chemicals market in 2016 and is expected to experience high demand in the near future due to its applications in various industries. Organic acid accounted to be the third largest product segment of global fermentation chemicals market. It is widely used in the food & beverage industry. Hence rising demand for organic acid is also anticipated to boost market demand for fermentation chemicals in the market during the forecast period from 2016 to 2023.

Fermentation is a technology which has wide scope in various industries globally. Chemicals, pharmaceuticals, beverage, industrial and plastics are some of the industries which make use of fermentation technology on a large scale. Among the above mentioned industries, industrial applications accounted for larger share of global fermentation chemicals market. It accounts for 47% share of global fermentation chemicals market. High demand for fermentation chemicals from chemical, plastic, rubber, leather and textile industry has led to booming growth of fermentation chemicals market in 2016 and is anticipated to increase in the near future. Fermentation chemicals market is expected to experience high growth in the near future due to the rapid industrialization taking place in the emerging economies such as Asia Pacific. Food & beverages accounted to be the second largest market for fermentation chemicals worldwide. It accounted for more than 9.0% share of global fermentation chemicals market in 2016. Rising demand for food additives and animal food is the major factor driving the growth of fermentation chemicals market. Other application which include nutritional & pharmaceuticals, plastic and fibers, etc are also anticipated to boost market demand for fermentation chemicals during the forecast period from 2016 to 2023.

North America accounted for largest share of global fermentation chemicals market in 2016. Flourishing pharmaceuticals industry and rising demand in the industrial applications which include animal feed, food additives are expected to drive the demand for fermentation chemicals market in North America. U.S. is the major contributor for demand of fermentation chemicals among the countries in North America. Asia Pacific followed North America in terms of growth of fermentation chemicals market. Changing lifestyle of people in Asia Pacific is the major reason behind the growth of global fermentation chemicals market in the region. Increasing demand from the cosmetic industry is another factor contributing to the growth of fermentation chemicals market in Asia Pacific. Pharmaceutical proteins are produced using fermentation process. These proteins include blood proteins, antibodies, vaccines, etc. Hence high demand is experienced from the cosmetic and pharmaceutical industry. Other regions such as Europe and Rest of the World are also expected to boost market growth of Fermentation chemicals during the forecast period from 2016 to 2023.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Fermentation Chemicals market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Fermentation Chemicals market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Fermentation Chemicals market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Fermentation Chemicals market?
• Which is the largest regional market for Fermentation Chemicals market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Fermentation Chemicals market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Fermentation Chemicals market worldwide?