Fermentation Chemicals Market Value Chain Analysis and Forecast up to 2025

The global fermentation chemicals market was valued around USD 47.28 billion in 2016 and is expected to reach roughly USD 77.93 billion by the end of 2025 while registering itself at a compound annual growth rate (CAGR) of 5.71% during the forecast period. A major drop in time, as well as price owing to the use of fermentation chemicals as accelerators, is likely to drive the market growth. A golden chance is anticipated in the fermentation chemical industry in the aspect of rising demand for bio-based raw material in industrial biotechnology.

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Massive demand for fermentation chemicals for methanol & ethanol production to fulfill demand from a variety of chemical and industrial applications is likely to fuel the fermentation chemicals market. Vast demand for natural acids from fiber & plastic manufacturers will have a major impact on the market growth during the forecast period. Growing enzymes demand from a variety of industrial applications such as starch, personal care, and paper is projected to have significant effects on the market growth. Strict regulations from the European Union and EPA will regulate the fermentation chemicals market certainly owing to environment-friendly characteristics of the fermentation chemicals. Elevated industrialization rate in developing economies such as India, China, Mexico, South Korea, etc., is expected to be accountable for the growth of the global market. Development of new medications will fuel the demand for antibiotics, which consecutively expected to boost the fermentation chemical’s demand. Fluctuating manufacturing owing to irregular supply of raw materials such as microorganisms, nutrients, etc. will most likely pose a hindrance to the development. Complications involved the manufacturing process in addition to elevated production cost is also estimated to restrain the growth.

Product Outlook and Trend Analysis

Alcohol has egressed as the major product segment and is expected to hold 55 percent of market share. Fermentation method being a vital part of alcohol production will fuel the demand for fermentation chemicals in the alcoholic drink industry. Natural acids are anticipated to be the top growing product section. The section will possibly grow at a higher expected CAGR during the forecast period. Organic acids like formic and acetic are used in gas & oil well treatments. Rising oil searching is believed to activate the product demand. Moreover, these acids are utilized in nutritional food, animal feed, and food preservation. Growing demand for nutritional and sealed supplement is anticipated to further actuate the demand. Escalating demand for amino acids in a range of food & beverage and pharmaceutical industry is also anticipated to promote the market growth.

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Application Outlook and Trend Analysis

Fibers & plastic are likely to be the highest growing application with a substantial CAGR during the forecast period. Rising awareness about environmental effects has activated bio-plastic demand from several end-use industries. Fermentation chemicals are utilized in the fibers and bio-plastic production. Fermentation chemicals are also extensively used in a variety of other applications like food & beverages, industrial, animal food & feed, pharmaceutical, etc. Rising industrial production together with elevated industrial growth in emerging countries is likely to encourage the demand. Industrial applications are anticipated to embrace the major share in 2015. Growing production of antibiotics and steroids due to increased spending on developing efficient medicines is prone to boost the fermentation chemicals demand. Animal feed add-ons are one more application where solid growth rate is expected to be noticed, as fermentation chemicals are employed as main raw materials in animal feed production. Demand for microbial pesticide chemicals, solo cell protein has been intensifying in agricultural applications. Application support for fermentation chemicals is on an augment as these chemicals improve the texture, flavor, nutritional value and aroma of the particular product.

Regional Outlook and Trend Analysis

North America fermentation chemicals market leads the global industry and is anticipated to preserve its command over the forecast years also. Elevated demand for organic acids and alcohols from food & beverage and industrial applications will almost certainly drive the local market growth. Strict regulations and policies by EPA have defended the growth of the market in the region. Asia Pacific fermentation chemicals market is expected to appear as the top growing region. Growing population, altering food consumption courses and increasing demand for ready-to-eat plus bakery products are anticipated to fuel the regional market demand. The increasing number of industries together with several initiatives taken by India and China to promote various industries is estimated to sustain the market growth. Europe region is likely to grow at a slow rate due to stringent regulations associated with beverage and food industry. The UK and France are chief customers inside the region. Inadequate political loyalty and deficiency of proper direction will manipulate the growth in the European market.

Competitive Outlook and Trend Analysis

Product expansion is a key strategy that will most likely be adopted by a majority of the major market players. The global market is anticipated to witness rising spending in research and development of innovative and new products to spread out the business territories. Industrial applications is a major customer section, most of the buyers in the global market are estimated to be cost sensitive. Major players in the global fermentation chemicals market include Amano Enzyme, Inc., BASF SE, The Dow Chemical Company, Archer Daniels Midland, Cargill, Inc., Ajinomoto Company Incorporation, DuPont Danisco A/S, and Evonik Industries.

The fermentation chemicals market is segmented as follows –

By Product Type

Alcohols
Enzymes
Organic Acids
Other Product Type

By Application

Industrial Applications
Food and Beverages
Nutritional and Pharmaceutical
Plastics and Fibers
Other Application

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This release was published on openPR.