Dublin, April 29, 2024 (GLOBE NEWSWIRE) -- The "Fermentation Chemicals - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Fermentation Chemicals Market to Reach $109.9 Billion by 2030
The global market for Fermentation Chemicals estimated at US$71.5 Billion in the year 2023, is projected to reach a revised size of US$109.9 Billion by 2030, growing at a CAGR of 6.3% over the analysis period 2023-2030.
Fermentation Chemicals are introduced through an overview, highlighting their role and significance in various industries. Recent Market Activity updates stakeholders on the latest developments within the sector, providing context for current market conditions.
The Market Outlook section offers a glimpse into future trends, with an emphasis on the contrasting dynamics between developed and developing markets.Alcohols emerge as pivotal players within the fermentation chemicals landscape, enjoying high adoption rates across various applications. Industrial Applications take center stage, showcasing their dominance within the industry structure. Alcohols is expected to record a 6.6% CAGR and reach US$63.6 Billion by the end of the analysis period. Growth in the Enzymes segment is estimated at 5.9% CAGR for the next 7-year period.
While the text appears incomplete, it appears the subsequent content may have focused on Global Key Competitors and their perceived market share, providing valuable insights into the competitive landscape of the fermentation chemicals market.
The U.S. Market is Estimated at $18.6 Billion, While China is Forecast to Grow at 9.7% CAGR
Developed Markets are depicted as leaders in demand, while Developing Markets emerge as drivers of growth. China's notable presence in the market is underscored, portraying it as an explosive force driving market expansion.
The Fermentation Chemicals market in the U.S. is estimated at US$18.6 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$26.1 Billion by the year 2030 trailing a CAGR of 9.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 5.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$15.8 Billion by the year 2030.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 208 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $71.5 Billion |
| Forecasted Market Value (USD) by 2030 | $109.9 Billion |
| Compound Annual Growth Rate | 6.3% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Fermentation Chemicals - An Overview
- Recent Market Activity
- Market Outlook
- Developed Markets Lead Demand, While Developing Markets Drive Growth
- China - The Exploding Fermentation Chemicals Market
- Alcohols Hold the Sway with High Adoption
- Industrial Applications Remain the in the Lead
- Industry Structure
- Fermentation Chemicals - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence Worldwide in 2024 (E)
- Global Economic Update
MARKET TRENDS & DRIVERS
- Natural Products Rapidly Replacing Synthetic Products
- Reviving Global Economy to Stimulate Market Demand
- Sophisticated Lifestyle Elevate Alcohol Consumption, Growth Factor for Fermentation Chemicals
- The Rise of Ethanol
- Aging Population Spurs Demand for Food and Beverage Enzymes
- Positive Outlook for the Healthcare Industry Signals Prospects
- Spiraling Healthcare Costs Drives Demand for Food Enzymes
- Increasing Applications of Carotenoids Spur Demand for Fermentation Chemicals
- Growing Demand from Personal Care and Cosmetics Products
- Fish Food Spurs Demand for Astaxanthin, a Fermentation Chemical
- Lactic Acid Derivatives Gain Traction in Booming Green Solvents Market
- Lactic Acid - Industrial Applications Trigger Demand
- Growth in Biodegradable Polymers Lead to Higher Demand for Lactic Acid
- Food & Beverage: A Major Consumer of Lactic Acid
- Succinic Acid: A Promising Fermentation Chemical
- Industrial-Scale Succinic Acid Production - A Peek into Current Practices
- Citric Acid - Driven by Chinese Demand
- Biofuels Sector to See More Light
- Yeast Market Going Strong - An Advantage for Fermentation Chemical Market
- 3D Printed Yeast Holds Potential for Transformative Change in Alcohol Fermentation
- Popularity of Functional Bakery Products Encourages Baker's Yeast Fermentation
- Growing Popularity of Natural Ingredients in Processed Foods Drives Demand
- Surging Popularity of Probiotic Functional Foods - A Strong Case for Yeast Fermentation Demand Growth
- Enzymes Replace Various Harsh and Abrasive Chemicals
- Biotech Company to Reduce Greenhouse Gas Emissions and Fermentation Chemicals Breaks Ground
- Deinococci Bacteria for Production of Industrial Chemicals
- New Study Focuses on Molecular Biosensor to Control Cell Evolution during Commercial Fermentation
FOCUS ON SELECT PLAYERS(Total 72 Featured)
- AB Enzymes GmbH (Germany)
- Adisseo France S.A.S (France)
- Ajinomoto Company, Inc. (Japan)
- Amano Enzyme Inc. (Japan)
- Amino GmbH (Germany)
- Archer Daniels Midland Company (USA)
- Ashland Global Holdings Inc. (USA)
- BASF SE (Germany)
- Cargill, Inc. (USA)
- Chr. Hansen A/S (Denmark)
- Corbion NV (Netherlands)
- DowDuPont Inc. (USA)
- Evonik Industries AG (Germany)
- Gadot Biochemical Industries Ltd. (Israel)
- Jungbunzlauer AG (Switzerland)
- Kyowa Hakko Bio Co. Ltd. (Japan)
- Lonza Group AG (Switzerland)
- MGP Ingredients, Inc. (USA)
- Novozymes A/S (Denmark)
- Roquette Freres SA (France)
- Royal DSM (The Netherlands)
- Tate & Lyle PLC (UK)
- Wacker Chemie AG (Germany)
For more information about this report visit https://www.researchandmarkets.com/r/z5f5w0
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