Fermentation Chemicals Market Analysis: $97.23 Billion by 2029 With a CAGR of 6.9%

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Fermentation Chemicals Market Value Projection: How Much Will the Market Size by 2025?
The market size for fermentation chemicals has seen consistent growth over the past few years. Its growth is projected to rise from $70.98 billion in 2024 to $74.51 billion in 2025, experiencing a compound annual growth rate (CAGR) of 5.0%. Factors attributing to this growth during the historic period include government regulations and incentives, advancements in industrial biotechnology, a shift towards bio-based products, an increase in pharmaceutical applications, and the growing demand for biofuel production.

What Will Be the Market Growth Forecat for Fermentation Chemicals in 2029?
The market size for fermentation chemicals is anticipated to witness significant expansion in the coming years, reaching a valuation of $97.23 billion in 2029 with a compound annual growth rate (CAGR) of 6.9%. This future growth can be credited to the increasing demand for biopharmaceuticals, bio-based products, the extension of biofuel production, as well as the growth of the food and beverage industry, cosmetics, and personal care applications. The forecast period will also see trends such as advancements in biopharmaceuticals, rising demand for bio-based products, worldwide economic influences, supportive government regulations and initiatives, research and development concentration, along with the utilization of these chemicals in cosmetics and personal care applications.

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What Are the Core Competitive Drivers in the Fermentation Chemicals Industry?
The surging need for both alcoholic and non-alcoholic drinks is anticipated to fuel the growth of the fermentation chemicals market. Alcoholic beverages, which contain ethanol often referred to as alcohol, and non-alcoholic drinks, which contain minimal or no alcohol, are key contributors to this demand. The fermentation process, in which yeasts convert carbohydrates into alcohol, is where these chemicals come into play, speeding up or beginning the anaerobic process that breaks down molecules like glucose. As per data revealed by Statistics Canada in February 2023, retail sales of alcoholic drinks and purchases from liquor authorities amassed $26.1 billion in the fiscal year concluding on March 31, 2022. This marked a 2.4% surge from the preceding year. Revenue from wine sales saw a 2.1% growth, reaching $8.1 billion between 2021 and 2022. Of the total value of alcohol sold in 2021 to 2022, beer accounted for 34.9%, followed by wine (31.3%), spirits (25.8%), and ciders and coolers (8.0%). Consequently, the surging demand for both alcoholic and non-alcoholic drinks drives the expansion of fermentation chemicals.

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Which Fermentation Chemicals Market Segment Is Projected to See the Fastest Growth?
The fermentation chemicals market covered in this report is segmented -

1) By Product Type: Alcohols And ket*ones, 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 ket*ones: 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

Which Trends Are Opening New Opportunities in the Fermentation Chemicals Market?
Leading businesses within the fermentation chemicals market are increasingly turning to strategic alliances with the aim of crafting functional chemicals through synthetic biology. These strategic collaborations allow companies to utilize each other's strengths and resources for mutual advantage and progress. An example of this occurred in July 2023, when Sumitomo Chemical Co. Ltd of Japan and Ginkgo Bioworks of America joined forces. Their alliance is focused on pushing forward the creation of functional chemicals utilizing synthetic biology, building upon their pre-existing biomanufacturing cooperation. Within this new venture, Ginkgo Bioworks will deploy its technology to design a microbial strain and fermentation procedure to generate the desired molecule. Concurrently, Sumitomo Chemical will concentrate on the development and expansion of the manufacturing method for commercial use. This strategy will facilitate large-scale production of functional chemicals through microbial fermentation, lessening the dependence on fossil fuels and aiding in the reduction of carbon emissions, thus aligning with the objective of a carbon-neutral society.

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Who Are the Leaders in the Fermentation Chemicals Market?
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 Regional Fermentation Chemicals Markets Offer the Greatest Growth Potential?
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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