Press release
Global Fermentation Products Market to Reach USD 269 B by 2030 at 4.6% CAGR
Fermentation Products Market
A recent market analysis valued the global Fermentation Products Market at USD 196.9 billion in 2023, and forecasts growth to USD 269.8 billion by 2030, corresponding to a CAGR of approximately 4.6% from 2024 to 2030 . This expansion is driven by demand from the pharmaceutical, food & beverage, industrial enzymes, and bio-based chemicals sectors.
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◉ Market Overview & Key Drivers
2023 market size: USD 196.94 B
2030 projection: USD 269.80 B (4.6% CAGR)
Key drivers include growth in bioethanol production, rising demand for antibiotics and steroids, and increasing use of industrial enzymes, organic acids, amino acids, and vitamins
North America leads the market, followed by strong regulatory support (EPA, EU Commission) promoting green chemistry
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◉ Competitive Landscape
Leading companies innovating in fermentation include Chr. Hansen, Royal DSM, Ingredion, Novozymes, Cargill, Danisco, Tate & Lyle, Lonza, Kerry Group, Evonik, Merck KGaA, BASF, DuPont, and Ajinomoto . They are investing in advanced production units and expanding their bio-based product portfolios.
Higher Demand in Which Region
The Asia-Pacific region dominates with over 53% market share, fueled by robust demand in China, India, Japan, and Southeast Asia. North America follows with ~24% share, driven by high adoption across pharmaceuticals, healthcare, and industrial enzyme applications
◉ Country-Specific Insights & Trends
Vietnam: Opportunity Growth in Vietnam
Vietnam's food and feed sectors are increasingly favoring amino acids and enzymes derived via fermentation. Investment by local producers in fermentation capacity is enhancing the domestic value chain.
Thailand: Trends in Thailand
Thailand's pharmaceutical and personal-care industries are adopting fermentation ingredients-such as industrial enzymes and vitamins-for sustainable, high-bioavailability formulations.
Japan: Technology Consolidation in Japan
Japan is consolidating its fermentation technology leadership through companies like Chr. Hansen and Ajinomoto, focusing on precision fermentation for specialty ingredients and high-purity applications.
South Korea: Updation & Innovation in South Korea
South Korea is updating fermentation pipelines, integrating bio-fermented acids and enzymes in cosmetics and industrial biotech while partnering with Novozymes and DSM to scale production.
Singapore: Benchmarking Opportunity in Singapore
Singapore positions itself as a fermentation innovation hub using biotech incubation zones to pilot precision fermentation projects-including vitamins, enzymes, and novel proteins.
United States: Consolidation & Growth in the U.S.
The U.S. market expands through capacity-enhancing investments by BASF, ADM, and Evonik, including a new fermentation unit in Ludwigshafen and ADM's Minnesota expansion into bio-based specialty chemicals
China: Growth & Integration Trends in China
China leads fermentation expansion, driven by demand for industrial enzymes, organic acids, and amino acids. Local firms and foreign partners are building new plants to support bioethanol and biochemical production.
Europe: Opportunities & Compliance Growth in Europe
Europe focuses on green fermentation pathways, with investments in biological seed treatments, bio-based surfactants, and collagen-free cosmetics. Companies like Evonik and BASF are central to this strategy .
To learn more about the findings of this research, please check:https://www.maximizemarketresearch.com/market-report/global-fermentation-products-market/16284/
◉ Fermentation Products Market Segment Analysis:-
by Type
Alcohols
Amino Acids
Organic Acids
Biogas
Industrial Enzymes
Polymers
Vitamins
Antibiotics
Others
by Feedstock
Corn
Rice
Wheat
Sugarcane
Cassava
Potatoes
Barley
Sugar Beet
Sorghum
Others
by Process
Batch Fermentation
Continuous Fermentation
Others
◉ Mergers & Acquisitions Highlights
BASF announced a major fermentation plant expansion for biological crop-protection products in Ludwigshafen (Oct 2023)
ADM and Solugen partnered to develop bio-based specialty chemicals in Minnesota (Oct 2023)
Evonik released a collagen-free, fermentative solution-'complexion'-targeting cosmetics and medical applications (July 2022)
◉ Key Recent Developments
Novozymes launched Innova Apex and Innova Turbo yeast strains to optimize ethanol fermentation efficiency (July 2022) .
Solvay introduced bio-based surfactants from fermentation of seed oil and sugar (June 2022)
A LanzaTech-BASF consortium achieved lab-scale production of n-octanol from industrial off-gases via microbial fermentation (May 2021)
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◉About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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