The modern-day document posted via Report Ocean, titled “Fermentation Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
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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COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
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)
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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
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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