Report Ocean has recently published the “Fermentation Products Market“ Research Report 2023-2031, offering a comprehensive analysis of the market. This report delves deep into the market dynamics, including key trends, upcoming technologies, drivers, challenges, and regulatory policies. It also features company profiles and strategies of prominent players in the industry. With over 100+ market data tables, pie charts, graphs, and figures, this global market study provides a thorough understanding of the market landscape. It presents a complete assessment, encompassing future trends, current growth factors, informed opinions, factual insights, and industry-validated market data, enabling accurate forecasts until 2031.
The global fermentation products market was valued at $149,469 million in 2016, and is expected to grow at a CAGR of 4.7% from 2017 to 2023, to reach $205,465 million by 2023. Industrial fermentation is a multi-step process that converts starches, sugar, and cellulosic material into feed, fuel, food, and other industrial products. This process employs microorganisms, such as yeasts & algae, or enzymes and usually takes place in fermenters or bioreactors.
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Fermentation products are used as active ingredients in production of green bio-based products in numerous end-user industries. These products increase shelf life and add aroma & flavor to various food products. Continuous fermentation, batch fermentation, and anaerobic fermentation are used to manufacture fermentation products, depending upon the characteristics of the final product. Key manufacturers focus on R&D activities to expand their existing product portfolio, which promotes product differentiation. The fermentation products industry is also expected to witness an increase in acquisitions, mergers, and strategic alliances in the near future.
Ecological concerns, growth of the global bioethanol industry, and increase in demand for antibiotics drive the fermentation products market. In addition, rise in use of fermentation products as raw materials in plastic, textile, leather, rubber, and chemical industries and increase in awareness among consumers about benefits of bio-based products fuel the market growth. Irregular supply of raw materials, such as microorganisms & nutrients, to manufacture fermentation products, stringent government regulations, and high production costs hinder market growth. Moreover, economic viability of fermentation-based chemical industry is dependent on the price levels of substitute feedstocks and comparative product yields. However, increase in demand for fermentation products in emerging economies, such as India, China, and Brazil, and expanding applications and technological innovations in this field present as major opportunities for growth.
The fermentation products market is segmented based on type, feedstock, process, end-user industry, and geography. Based on type, it is classified into alcohols, amino acids, organic acids, biogas, polymers, vitamins, antibiotics, and industrial enzymes. The feedstock segment includes corn, rice, wheat, sugarcane, cassava, barley, potatoes, sorghum, sugar beet, other coarse grains, and other roots & tubers. Other coarse grains include oats, millet, triticale, buckwheat, rye, canary seed, fonio, and quinoa. Other roots & tubers comprise yams, sweet potatoes, yautia and taro. Based on process, the market is classified into batch fermentation, continuous fermentation, and others (aerobic and anaerobic fermentation). Fermentation products are used by various end-user industries such as food & beverages; pharmaceutical; agriculture; personal care; animal feed; textile & leather; and others (paper, bioremediation, environment, and biochemistry). Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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KEY BENEFITS FOR STAKEHOLDERS
This report provides a quantitative analysis of the current trends and estimations from 2017 to 2023 of fermentation products market to identify the prevailing market opportunities.
Major countries in each region are mapped according to individual market revenue.
Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
An in-depth analysis of current research and clinical developments within the market is provided with key dynamic factors that highlight the market behavior.
Leading players and their key developments in the recent years are listed.
Major players operating in this market include the following:
AB Enzymes GmbH
Ajinomoto Company Incorporation
Amano Enzyme Inc.
BASF SE
Chr. Hansen A/S
Du Pont Danisco A/S
Evonik Industries AG
Lonza Group Ltd.
Novozymes A/S
The Dow Chemical Company
KEY PLAYERS
Koninklijke DSM N.V.
Archer Daniels Midland Company
Cargill Inc.
Alcogroup S.A.
Syngar Technologies Inc.
D?hler Group
CBH Qingdao Co., Ltd.
Hebei Kangdali Pharmaceutical Co., Ltd.
KEY MARKET SEGMENTS
By Type
Alcohols
Amino Acids
Organic Acids
Biogas
Polymers
Vitamins
Antibiotics
Industrial Enzymes
By Feedstock
Corn
Rice
Wheat
Sugarcane
Cassava
Barley
Potatoes
Sorghum
Sugar Beet
Other Coarse Grains (Oats, Millet, Triticale, Buckwheat, Rye, Canary Seed, Fonio, and Quinoa)
Other Roots & Tubers (Yams, Sweet Potatoes, Yautia, and Taro)
By Process
Batch Fermentation
Continuous Fermentation
Others (Aerobic and Anaerobic Fermentation)
By End-user Industry
Food & Beverages
Pharmaceutical
Agriculture
Personal Care
Animal Feed
Textile & Leather
Others (Paper, Bioremediation, Environment, and Biochemistry)
By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
Turkey
Rest of LAMEA
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
What Are the Key Data Covered in This Market Report?
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- This data may be presented in terms of revenue, market share, or other relevant metrics.
- The report may include data on the segmentation of the market based on various factors such as product type, application, end-user industry, and geography.
- This data helps to understand the market dynamics within different segments
- The report may highlight key trends and drivers that are shaping the market. This can include technological advancements, regulatory changes, consumer behavior, and industry developments.
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- Data on these challenges and opportunities can inform business decisions and strategies.
- The report may provide data on the market performance and trends in different regions or countries. This can include data on market size, growth rate, and key players in each region.
- Regional data helps to understand market dynamics at a local level.
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- This data can provide insights into customer needs and expectations, helping businesses tailor their offerings accordingly.
- The report may provide forecasts for the future of the market based on historical data, market trends, and other factors.
- This data helps stakeholders understand the potential growth and opportunities in the market.
Questions & Answers Market Research/Analysis Report Contains to your following:
- What is the current size of the market and how is it expected to grow in the future?
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- What are the regulatory and legal factors impacting the market?
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