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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Fermentation chemicals are used to initiate the chemical reactions in synthesize of various chemicals. They act as a catalyst or initiators to control the speed of the chemical reaction. These chemicals are widely used across food processing industry for the preparation of food products. Moreover, they are also used in the production of Vitamins.

The global fermentation chemicals market was accounted for US$ 60,123.9 Mn in terms of value in 2019 and is expected to grow by 5.4% CAGR during the forecast period (2020-2027).

Drivers

Strong demand for fermentation chemicals from the pharmaceutical industry is propelling market growth. These chemicals are used in the production of formulation such as anti-acne solutions, parenteral solutions, and ointments. Also, it is used in the manufacturing of calcium drugs used to treat calcium deficiency problems. Thus, rapid growth in the pharmaceutical industry is propelling the market growth of fermentation chemicals.

Growing research &development applications is propelling the market growth of the fermentation chemicals. Increasing use of fermentation chemicals for the manufacturing of organic acids such as citric acid, lactic acid, gluconic acid and itaconic acid. All these chemicals act as a base for the many research and experiments in R&D centers. Hence, rise in the research and development applications are creating strong demand for fermentation chemicals, thus fueling the market growth. 

Figure 1. Global Fermentation Chemicals Market, Revenue Share (%), By Region, 2019

Fermentation Chemicals  | Coherent Market Insights

Statistics:

North America region dominated the global fermentation chemicals market in 2019, accounting for 34.0% share in terms of value, followed by Asia Pacific and Europe, respectively.

Market Restraints

High cost associated with the fermentation of lactic acids is restricting its use across the dairy industry. This factor is expected to hinder the market growth of fermentation chemicals over the forecast period.

The fluctuation of the production process in the fermentation of bacteria, lactic acid, and ethanol is hampering the demand for these chemicals. This factor is hindering the market growth of the fermentation chemicals in the near future.

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Fermentation Chemicals Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 60,123.9 Mn
Historical Data for: 2017 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 5.4% 2027 Value Projection: US$ 91,921.1 Mn
Geographies covered:
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World
Segments covered:
  • By Type: Alcohols, Enzymes, Organic Acids, Others
  • By Application: Industrial Applications, Food & Beverages, Nutritional & Pharmaceuticals, Plastics & Fibers and Others
Companies covered:

Ajinomoto Company Corporation, AB Enzymes, BASF SE, Amano Enzymes Inc., Dow Chemicals, Archer Daniels Midland Company, Novozymes A/S, Cargill Incorporation, Evonik Industries AG, Du Pont Danisco A/S, and DSM

Growth Drivers:
  • Growing demand for fermentation chemicals from the pharmaceutical industry.
  • Growing research &development applications is propelling the market growth of the fermentation chemicals.
Restraints & Challenges:
  • High cost associated with the fermentation of lactic acids

Market Opportunities

Increasing implementation of green chemistry is augmenting demand for fermentation chemicals. This is expected to bring new market opportunities. Fermentation chemicals are produced from microorganisms, such as fungi, bacteria, and eukaryotic cells for producing citric acid, ethanol, and acetic acid. These products are the most desirable additives, antioxidants, preservatives, and flavors used across various industrial applications.

Growing population around the globe is creating demand for food. This is expanding the food &beverage industry. Fermentation chemicals are widely used as a preservatives and additives across food &beverage industry, which is expected to offer potential growth opportunities in the near future. Also, changing lifestyle and busy schedule of the consumers is further fueling the demand for processed food products. This is expected to foster the market growth of fermentation chemicals. 

Figure 2. Global Fermentation Chemicals Market – Opportunity Analysis

Fermentation Chemicals  | Coherent Market Insights

Market Trends

Rapid growth in the polymer industry due to increasing disposable income and improving standard living of the consumers is expected to fuel the market growth of fermentation chemicals. These chemicals are widely used as additives in the production of polymers. Growing consumerism and shifting trend towards high-performance polymers for various industrial applications is again anticipated to propel the market growth of the fermentation chemicals.

Growing demand for enzymes from various industries is expected to augment the market growth. Enzymes are widely used across personal care and cosmetic industry in the production of cosmetic products. A growing sense of fashion coupled with the increasing awareness regarding the personal hygiene and aspire to look presentable is driving demand for cosmetic and personal care products. This is creating demand for enzymes, thereby fueling the market growth of the fermentation chemicals.

Figure 3. Global Fermentation Chemicals Market, Revenue Share (%), By Type, in 2019

Fermentation Chemicals  | Coherent Market Insights

The alcohols segment dominated the global fermentation chemicals market in 2019, accounting for 53.6% share in terms of value, followed by organic acids and enzymes segment respectively

Global Fermentation Chemicals Market - Impact of Coronavirus (Covid-19) Pandemic

The novel Coronavirus (COVID-19) has impacted almost all the industries globally including food & beverages industry. Rising demand for packed food products owing to rising health awareness supports the growth of the fermentation chemical s market globally.

Figure 4. Global Fermentation Chemicals Market, Value Chain Analysis

Fermentation Chemicals  | Coherent Market Insights

Competitive Section

Key players operating in the global fermentation chemicals market include Ajinomoto Company Incorporation, AB Enzymes, BASF SE, Amano Enzyme Inc., Dow Chemicals, Archer Daniels Midland Company, Novozymes A/S, Cargill Incorporation, Evonik Industries AG, Du Pont Danisco A/S, and DSM.

Few Recent Developments

In March 2018, Modern Meadow, announced a long term partnership with Evonik, a global provider of microbial fermentation, to scale up their fermentation and collagen production. Under the agreement, Evonik will be Modern Meadow’s worldwide development partner to industrialize and scale-up collagen production for use in the company’s bio leather materials technology.

The global fermentation chemicals market is estimated to account for US$ 60,123.9 Mn in terms of value by the end of 2019. Fermentation chemicals are used to initiate the chemical reactions in synthesize of various chemicals.

Market Dynamics

Increasing use of fermentation chemicals for the manufacturing of organic acids such as citric acid, lactic acid, gluconic acid and itaconic acid. Moreover, Strong demand for fermentation chemicals from the pharmaceutical industry is propelling market growth. Fermentation chemicals are widely used as a preservatives and additives across food &beverage industry, which is expected to offer potential growth opportunities in the near future.

Key features of the study:

  • This report provides in-depth analysis of global fermentation chemicals market size (US$ Million & Kilo Tons), and Compound Annual Growth Rate (CAGR %) for the forecast period (2020 – 2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the global fermentation chemicals market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study includes Ajinomoto Company Corporation, AB Enzymes, BASF SE, Amano Enzymes Inc., Dow Chemicals, Archer Daniels Midland Company, Novozymes A/S, Cargill Incorporation, Evonik Industries AG, Du Pont Danisco A/S, and DSM
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, product up-gradation, market expansion, and marketing tactics
  • The global Fermentation chemicals market report caters to various stakeholders in this industry including investors, suppliers, global fermentation chemicals manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analysing the global Fermentation chemicals market.

Detailed Segmentation:

  • Global Fermentation chemicals Market, By Type:
    • Alcohols
    • Enzymes
    • Organic Acids
    • Others
  • Global Fermentation chemicals Market, By Application:
    • Industrial Application
    • Food & Beverages
    • Nutritional & Pharmaceuticals
    • Plastics & Fibers
    • Others
  • Global Fermentation chemicals Market, By Region:
    • North America
      • U.S.
        • By Type
          • Alcohols
          • Enzymes
          • Organic Acids
          • Others
        • By Application
          • Industrial Application
          • Food & Beverages
          • Nutritional & Pharmaceuticals
          • Plastics & Fibers
          • Others
      • Canada
        • By Type
          • Alcohols
          • Enzymes
          • Organic Acids
          • Others
        • By Application
          • Industrial Application
          • Food & Beverages
          • Nutritional & Pharmaceuticals
          • Plastics & Fibers
          • Others
    • Europe
      • U.K.
        • By Type
          • Alcohols
          • Enzymes
          • Organic Acids
          • Others
        • By Application
          • Industrial Application
          • Food & Beverages
          • Nutritional & Pharmaceuticals
          • Plastics & Fibers
          • Others
      • Germany
        • By Type
          • Alcohols
          • Enzymes
          • Organic Acids
          • Others
        • By Application
          • Industrial Application
          • Food & Beverages
          • Nutritional & Pharmaceuticals
          • Plastics & Fibers
          • Others
      • Italy
        • By Type
          • Alcohols
          • Enzymes
          • Organic Acids
          • Others
        • By Application
          • Industrial Application
          • Food & Beverages
          • Nutritional & Pharmaceuticals
          • Plastics & Fibers
          • Others
      • Spain
        • By Type
          • Alcohols
          • Enzymes
          • Organic Acids
          • Others
        • By Application
          • Industrial Application
          • Food & Beverages
          • Nutritional & Pharmaceuticals
          • Plastics & Fibers
          • Others
      • France
        • By Type
          • Alcohols
          • Enzymes
          • Organic Acids
          • Others
        • By Application
          • Industrial Application
          • Food & Beverages
          • Nutritional & Pharmaceuticals
          • Plastics & Fibers
          • Others
      • Russia
        • By Type
          • Alcohols
          • Enzymes
          • Organic Acids
          • Others
        • By Application
          • Industrial Application
          • Food & Beverages
          • Nutritional & Pharmaceuticals
          • Plastics & Fibers
          • Others
      • Rest of Europe
        • By Type
          • Alcohols
          • Enzymes
          • Organic Acids
          • Others
        • By Application
          • Industrial Application
          • Food & Beverages
          • Nutritional & Pharmaceuticals
          • Plastics & Fibers
          • Others
    • Asia Pacific
      • China
        • By Type
          • Alcohols
          • Enzymes
          • Organic Acids
          • Others
        • By Application
          • Industrial Application
          • Food & Beverages
          • Nutritional & Pharmaceuticals
          • Plastics & Fibers
          • Others
      • Japan
        • By Type
          • Alcohols
          • Enzymes
          • Organic Acids
          • Others
        • By Application
          • Industrial Application
          • Food & Beverages
          • Nutritional & Pharmaceuticals
          • Plastics & Fibers
          • Others
      • India
        • By Type
          • Alcohols
          • Enzymes
          • Organic Acids
          • Others
        • By Application
          • Industrial Application
          • Food & Beverages
          • Nutritional & Pharmaceuticals
          • Plastics & Fibers
          • Others
      • South Korea
        • By Type
          • Alcohols
          • Enzymes
          • Organic Acids
          • Others
        • By Application
          • Industrial Application
          • Food & Beverages
          • Nutritional & Pharmaceuticals
          • Plastics & Fibers
          • Others
      • ASEAN
        • By Type
          • Alcohols
          • Enzymes
          • Organic Acids
          • Others
        • By Application
          • Industrial Application
          • Food & Beverages
          • Nutritional & Pharmaceuticals
          • Plastics & Fibers
          • Others
      • Australia
        • By Type
          • Alcohols
          • Enzymes
          • Organic Acids
          • Others
        • By Application
          • Industrial Application
          • Food & Beverages
          • Nutritional & Pharmaceuticals
          • Plastics & Fibers
          • Others
      • Rest of Asia Pacific
        • By Type
          • Alcohols
          • Enzymes
          • Organic Acids
          • Others
        • By Application
          • Industrial Application
          • Food & Beverages
          • Nutritional & Pharmaceuticals
          • Plastics & Fibers
          • Others
    • Rest of the World
        • By Type
          • Alcohols
          • Enzymes
          • Organic Acids
          • Others
        • By Application
          • Industrial Application
          • Food & Beverages
          • Nutritional & Pharmaceuticals
          • Plastics & Fibers
          • Others
  • Company Profiles
    • Ajinomoto Company Incorporation
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • AB Enzymes
    • BASF SE
    • Amano Enzyme Inc.
    • Dow Chemicals
    • Archer Daniels Midland Company
    • Novozymes A/S
    • Cargill Incorporation
    • Evonik Industries AG
    • Du Pont Danisco A/S
    • DSM

 “*” marked represents similar segmentation in other categories in the respective.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • Key Developments
  4. Global Fermentation Chemicals- Impact of Coronavirus (Covid-19) Pandemic
    • Overview
    • Factors Affecting Global Fermentation Chemicals– COVID-19
  5. Global Metal and Ceramic Injection Molding  Market, By Type, 2017 - 2027 (US$ Million & Kilo Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Alcohols
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Enzymes
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Organic Acids
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Others
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 – 2027
  6. Global Metal and Ceramic Injection Molding  Market, By Application, 2017 - 2027 (US$ Million & Kilo Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Industrial Application
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Food & Beverages
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Nutritional & Pharmaceuticals
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Plastics & Fibers
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 – 2027
    • Others
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
  7. Global Metal and Ceramic Injection Molding  Market, By Region, 2017- 2027 (US$ Million & Kilo Tons)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Region, 2020 - 2027
    • North America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
      • Market Size and Forecast, By Type, 2017- 2027 (US$ Million & Kilo Tons)
      • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
      • Market Size and Forecast, By Type, 2017- 2027 (US$ Million & Kilo Tons)
      • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • France
          • Country Trends
          • Market Size and Forecast, By Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
      • Market Size and Forecast, By Type, 2017- 2027 (US$ Million & Kilo Tons)
      • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • China
          • Country Trends
          • Market Size and Forecast, By Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • India
          • Country Trends
          • Market Size and Forecast, By Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
    • Rest of the World
      • Market Share Analysis, By Region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Region, 2020 - 2027
      • Market Size and Forecast, By Type, 2017- 2027 (US$ Million & Kilo Tons)
      • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
  8. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • Ajinomoto Company Incorporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • AB Enzymes
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • BASF SE
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Amano Enzymes Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Dow Chemicals
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Archer Daniels Midland Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Novozymes A/S
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Cargill Incorporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Evonik Industries AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Du Pont Danisco A/S
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • DSM
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
    • References
    • Research Methodology
    • About us and Sales Contact

Frequently Asked Questions

The market for global fermentation chemicals is forecast to surpass US$ 91,921.1 million by 2027 witnessing a CAGR of 5.4% between 2020 and 2027.
Growing research & development applications is propelling the market growth of the fermentation chemicals.
Growing demand for enzymes from various industries is expected to augment the market growth.
High cost associated with the fermentation of lactic acids is restricting its use across the dairy industry.
Major players operating in the global fermentation chemicals market includes Ajinomoto Company Corporation, AB Enzymes, BASF SE, Amano Enzymes Inc., Dow Chemicals, Archer Daniels Midland Company, Novozymes A/S, Cargill Incorporation, Evonik Industries AG, Du Pont Danisco A/S, and DSM.
The global fermentation chemicals market was estimated to be valued around US$ 60,123.9 million in terms of revenue in 2019.
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