Home > Food, Nutrition & Animal Feed > Fermentation Chemicals Market
Fermentation Chemicals Market Size, By Product (Dairy products, Alcoholic Beverages, Organic Acid {Amino Acids, Citric acids, Lactic acids} Alcohols & Ketones {Ethanol, Polyols}, Industrial Enzymes, Biopolymers), By End-Use (Food & Beverages, Plastics & Fibers, Nutritional & Pharmaceuticals, Industrial Application, Cosmetic & Toiletries, Biofuel), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032
- Report ID: GMI4028
- Published Date: Feb 2023
- Report Format: PDF
Industry Drivers
Fermentation Chemicals Market size surpassed USD 98.5 billion in 2022 and is projected to expand at 5.5% CAGR from 2023 to 2032.
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Frequent use of fermentation chemicals in the food and beverage sector would complement the market growth. These chemicals are used to enhance the taste, increase shelf life, and add multiple health benefits to food products. They help improve digestion and reduce the risk of infectious diseases. Elevated cases of digestive disorders, chronic diseases, and obesity across Europe should boost the demand for healthy food and beverage options, favoring product penetration. As per World Health Organization (WHO) reports, in 2022, almost 59% of adults in Europe were overweight or obese, which is a leading cause of disability or death in the region, amounting to nearly 1.2 million deaths annually.
| Report Coverage | Details |
|---|---|
| Base Year: | 2022 |
| Market Size in 2022: | USD 98.6 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 5.5% |
| 2032 Value Projection: | USD 174.8 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 185 |
| Tables, Charts & Figures: | 314 |
| Segments covered: | Ingredients, Applications |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Stringent rules and regulations by government authorities over waste disposal are likely to impact the fermentation chemicals market demand. Developing countries are undertaking several changes in waste disposal methods. Throughout the fermentation process, antimicrobial agents are used to prevent the growth of unwanted microbes. These agents can potentially impact the environment if not properly discharged. On the contrary, substantial population growth, rising health awareness, and a steady shift towards hygienic practices could boost consumer expenditure on personal hygiene products.
Wide application of industrial enzymes to influence product uptake
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The industrial enzymes segment is estimated to cross USD 67 billion by 2032. Commercial applications for industrial enzymes include the production of chemicals, medicines, biofuels, food and beverage, and consumer goods. These enzymes aid in speeding up reactions to obtain the final product accurately and quickly and are applicable in various end-use industries for making cheese, brewing beer, baking bread, extracting fruit juice, tanning leather, and others. With multiple benefits like quick processing times, low energy requirements, affordability, non-toxic nature, and environmental friendliness, industrial enzymes are set to hold a major market share.
Rising wine consumption to foster the market expansion
| End-Use | Market Share, 2022 (%) |
|---|---|
| Food & Beverages | 30.4% |
| Plastics & Fibers | 8% |
| Nutritional & Pharmaceuticals | 17% |
| Industrial Application | 38.5% |
| Cosmetic & Toiletry | 3.8% |
| Biofuel | 2.3% |
| Total | 100% |
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The fermentation chemicals market share from the food and beverages segment is anticipated to reach USD 49 billion by 2032. In the food and beverage business, fermentation chemicals are mostly used in the manufacturing of alcoholic beverages including beer, wine, and liquor as well as yogurt pickles, bread, and bakery goods. Foods and drinks that have undergone fermentation are easier to digest, have a better shelf life, and add more flavor.
A rise in food and beverage consumption would influence the market revenue. As per a study, in 2022, nearly 90% of the French population consumed wine in restaurants, regardless of their age. While in the United States, in 2021, nearly 879 million gallons of wine were consumed. Factors like population growth, increased agricultural production, rising consumer income levels, and shifting dietary preferences will drive the sales of food and beverage products made using fermentation chemicals.
Investments in the healthcare sector to support Europe industry development
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Europe fermentation chemical market analysis is expected to witness over 4.5% CAGR through 2032, attributed to the expanding pharmaceutical sector in the EU. Rising medical R&D, an increase in health conditions, and favorable government regulations are expected to complement this growth. For instance, the EU financial support program, dubbed the EU4Health programme, plans to invest €5.3 billion in the health sector during 2021-27.
New product launches to favor the market outlook
Some of the leading companies involved in the market are Cargill, Amano enzymes, Incorporated, Novozymes A/S, BASF SE, Ajinomoto company incorporation, Evonik Industries AG, Corbion NV, AB Enzymes, Jungbunzlauer, Koninklijke DSM N.V, Tate & Lyle, Chr. Hansen A/S, Ashland Global Holdings Inc, Danisco A/S, ADM (Archer-Daniels-Midland Company), and Dow Chemicals.
Companies are focusing on new business initiatives and product development efforts to expand business reach. For instance, in October 2021, Novozymes unveiled Innova Quantum, a hardy yeast for ethanol plants with extended fermentation durations. It was developed and launched in partnership with MicroBioGen in order to achieve higher ethanol yields and enhanced processing efficiency.
Impact of the COVID-19 pandemic on the fermentation chemical industry
The COVID-19 pandemic disrupted the supply chain and trade cycles which negatively affected the fermentation chemicals market. Manufacturing and distribution activities were stopped across many sectors during the outbreak. However, the pharmaceutical and food and beverage sectors sustained decent growth which in turn influenced the industry demand. With restrictions and limitations being lifted, companies are working on supply chain partnerships with dealers and distributors to make sure that their products are successfully delivered throughout all regions.
This market research report on the fermentation chemical includes in-depth coverage of the industry with estimates & forecasts in terms of volume in Kilo tons & in terms of revenue in USD million from 2018 to 2032 for the following segments:
Market, By Product
- Dairy Products
- Alcoholic Beverages
- Organic acid
- Amino acids
- Citric acid
- Lactic acid
- Others
- Alcohols & Ketones
- Ethanol
- Polyols
- Others
- Industrial Enzymes
- Biopolymers
Market, By End Use
- Food & Beverages
- Plastics & Fibers
- Nutritional & Pharmaceuticals
- Industrial Application
- Cosmetic & Toiletry
- Biofuel
The above information has been provided for the following regions and countries:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Poland
- Asia Pacific
- China
- India
- Japan
- Malaysia
- Indonesia
- South Korea
- Australia
- Latin America
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa