Unlocking Opportunities in the Fermentation Chemicals Market: 2025-2034 Forecast Report

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What Will the Fermentation Chemicals Industry Market Size Be by 2025?
In the past few years, there has been a substantial growth in the size of the fermentation chemicals market. The market value is positioned to escalate from $70.98 billion in 2024 to $75.54 billion in 2025, showing a compound annual growth rate (CAGR) of 6.4%. The significant growth in the previous period is due to several factors, including government policies and incentives, the burgeoning of industrial biotechnology, a trend towards bio-based products, an increase in pharmaceutical applications, and a heightened demand for biofuel production.

What's the Long-Term Growth Forecast for the Fermentation Chemicals Market Size Through 2029?
There is an anticipation of robust expansion in the fermentation chemicals market size in the coming years. The market is predicted to escalate to $100.08 billion in 2029, with a compound annual growth rate (CAGR) of 7.3%. Factors contributing to the projected growth during the forecast period include an increase in biopharmaceuticals, demand for bio-based products, growth in biofuel production, advancement in the food and beverage industry, and applications in cosmetics and personal care. The primary trends during the forecast period are expected to be advancements in biopharmaceuticals, demand for bio-based products, global economic factors, governmental regulations and support, research and development initiatives, and applications in cosmetics and personal care.

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What Are the Key Growth Drivers Fueling the Fermentation Chemicals Market Expansion?
An increase in the consumption of both alcoholic and non-alcoholic drinks is anticipated to boost the market for fermentation chemicals. Alcoholic beverages, which contain a substance known as ethanol or alcohol, and non-alcoholic beverages, with minimal or zero alcohol, leverage these chemicals on a large scale. The fermentation procedure, which transforms carbohydrates into alcohol, uses these chemicals to expedite or kickstart the process. This process breaks down molecules such as glucose in the absence of oxygen. A study by Statistics Canada, a national statistical organization based in Canada, revealed that sales of alcoholic beverages at retail outlets and authorized liquor stores reached $26.1 billion in the fiscal year concluding March 31, 2022, marking a 2.4% rise from the previous year. Wine sales saw an increase of 2.1% amounting to $8.1 billion for the years 2021 and 2022. The overall value of alcohol sales for 2021-2022 comprised 34.9% beer, followed by wine at 31.3%, spirits at 25.8%, and ciders and coolers at 8.0%. Therefore, the escalating demand for alcoholic and non-alcoholic drinks is a major factor fueling the growth of the fermentation chemicals market.

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What Are the Key Trends Driving Fermentation Chemicals Market Growth?
Firms prominent in the fermentation chemicals market are resorting to strategic partnerships to engineer functional chemicals using synthetic biology. This approach of strategic partnerships capitalizes on the collective strengths and resources of companies in order to gain reciprocal benefits and successful outcomes. For instance, in the month of July in 2023, Sumitomo Chemical Co. Ltd., which hails from Japan, joined forces with Ginkgo Bioworks, an American biotech company. This collaboration aims to bolster the production of functional chemicals using synthetic biology, expanding on their already existing biomanufacturing association. As a part of this fresh undertaking, Ginkgo Bioworks will leverage its strain design technology to fabricate a microbial strain and fermentation procedure for producing the designated molecule, while Sumitomo Chemical will hone in on enlarging and scaling up the production process for commercial purposes. This strategy will effectively enable the large-scale manufacturing of functional chemicals through microbial fermentation, thereby decreasing dependency on fossil fuels and resulting in a smaller carbon footprint, in alignment with the objective of achieving a carbon-neutral society.

How Is the Fermentation Chemicals Market Segmented?
The fermentation chemicals market covered in this report is segmented -

1) By Product Type: Alcohols And Ke*tones, Amino Acids, Industrial Enzymes, Organic Acids, Other Product Types
2) By Form: Liquid, Powder
3) By Application: Food And Beverages, Plastics And Fibers, Nutritional And Pharmaceuticals, Industrial Application, Cosmetic And Toiletry, Other Applications

Subsegments:
1) By Alcohols And Ke*tones: Ethanol, Butanol, Acetone, Propanol
2) By Amino Acids: L-Glutamic Acid, L-Lysine, L-Threonine, Other Amino Acids
3) By Industrial Enzymes: Amylases, Proteases, Cellulases, Lipases
4) By Organic Acids: Lactic Acid, Citric Acid, Acetic Acid, Fumaric Acid
5) By Other Product Types: Biopolymers, Bio-based Solvents, Microbial Cell Factories, Other Specialty Chemicals

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Which Companies Are Leading the Charge in Fermentation Chemicals Market Innovation?
Major companies operating in the fermentation chemicals market include Ajinomoto Co. Inc., AB Enzymes GmbH, BASF SE, Amano Enzymes Inc., Archer Daniels Midland Company, Novozymes A/S, Cargill Incorporated, Evonik Industries AG, DuPont Danisco A/S, Koninklijke DSM N.V., Chr. Hansen Holding A/S, LanzaTech Inc., MicroBiopharm Japan Co Ltd., Novasep Holding SAS, Kerry Group plc, Lallemand Inc., Amyris Inc., Codexis Inc., Lesaffre et Compagnie, Givaudan SA, NatureWorks LLC, Roquette Frères S.A., Sekisui Chemical Co. Ltd., Novamont S.p.A., Metabolic Explorer S.A., Corbion N.V., Raízen Energia S.A.

Which Regions Are Leading the Global Fermentation Chemicals Market in Revenue?
North America was the largest region in the fermentation chemicals market in 2024. Asia-Pacific is expected to be the fastest-growing region in the fermentation chemicals market during the forecast period. The regions covered in the fermentation chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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