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Global Fermentation Chemicals Market Size, Share and Industry Analysis Report by Product (Dairy products, Alcoholic Beverages, Organic Acid {Amino Acids, Citric acids, Lactic acids} Alcohols & Ketones {Ethanol, Polyols}, Industrial Enzymes, Biopolymers) and End-Use (Food & Beverages, Plastics & Fibers, Nutritional & Pharmaceuticals, Industrial Application, Cosmetic & Toiletries, Biofuel), Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI4028
  • Published Date: Mar 2022
  • Report Format: PDF

Industry Overview

Fermentation Chemical Market size exceeded USD 93.25 billion in 2021 and is estimated to grow at over 6% CAGR between 2022 and 2028 owing to increasing consumer spending on personal care products and the booming pharmaceutical sector. Rapid expansion of the nutraceutical industry along with increasing inclusion of fermentation chemicals in food & beverage processing should boost the market growth.

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Increased government research spending, existence of premier laboratories & life science research organizations, and increased R&D efforts for developing novel goods will contribute to a higher rate of product penetration around the world. Furthermore, Packaged food consumption is increasing at a rapid rate in developed nations, thereby considerably enhancing product usage thus fuelling the fermentation chemical market growth.

Fermentation chemical is used to flavor or extends the shelf life of products which is a key factor responsible for industry development. Additionally, the proliferation of personal care products in emerging countries is projected to drive the market share of fermentation chemicals in the upcoming years. The rising consumer expenditure on hygiene and personal care goods and the economic growth of the developing countries will propel the fermentation chemical market sales during the forecasted time of period.

Strong demand in the pharmaceutical industry is anticipated to fuel the fermentation chemical market share. These compounds are used to make anti-acne treatments, parenteral solutions, and ointments, among other things. It is also utilized in the production of calcium medicines that are used to treat calcium insufficiency. Thus, a substantial increase in the pharmaceutical business is fuelling the market growth of fermentation chemicals.

Extensive demand in the food, cosmetic, and animal feed industry is likely to boost market growth from organic acid product type

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Global fermentation chemicals market from organic acid segment is likely to cross USD 22.60 billion by the end of 2028. The organic acid is extensively used in food, pharmacy, medical and other industries. As it contains citric acids which is one of the major foods acidulants used to manufacture processed cheese, jams, jellies, and other sugar-based products. Likewise, organic acid is also used for artificial flavoring in many soft drinks, which is supporting market growth. 

Moreover, the booming cosmetic industry is also witnessing favorable growth to the market, especially from men’s cosmetics products, as organic acids have low pH thereby it is used in aftershave and other astringent lotions. Likewise, organic acid has significant demand in the nutrition and animal feed industry, as these acids release hydrogen ions which has antibacterial and antifungal properties.

The immense demand for processed food should propel market growth from food & beverages application

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Global fermentation chemical market from the food & beverage segment was valued at USD 27.35 million at 2021 and is anticipated to grow at a CAGR of 5% through 2028. As fermentation chemical has immense demand in the food & beverage industry as it used for manufacturing products like yogurt, cheese, beer, wine, and other nonalcoholic beverages.

The increasing penetration of processed food & beverages will act as a major factor for driving the overall market growth as it helps to extend the shelf life of food through preservation. In addition to these, emerging trends, such as the development of food processing technologies, reducing the detrimental changes in food, and maintain the nutritional value are witnessing favorable growth to the fermentation chemical market. 

Further, changing consumers eating habits and the lack of time to prepare & consume healthy food are shifting the consumer attention toward processed or packaged food, thereby raising the product demand. The convenience gained from processed food in terms of time savings and the little effort required during the preparation of these meals is driving the expansion of the market. Furthermore, the preference for these meals among working people and millennials has grown because they only require heating before consumption, reducing the overall effort.

Substantial demand for personal care products is supporting market growth in North America

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North America fermentation chemical market value could exceed USD 38.5 million by 2028. Cosmetics and toiletries products have shown immense demand in recent years owing to growing individual awareness about personal care and hygiene. Change in the environment has led to an increase in skin and dermatology problems which have created a lucrative opportunity for the market from cosmetic applications. As, these fermented skin care products often contain herbs, yeast, fruits, which offer anti-inflammatory and other skin-calming benefits.

Women are becoming more conscious of beauty goods, placing a higher value on personal care, changing their consumption patterns and lifestyles, and having more spending power. Additionally, key players in the cosmetic & toiletries industry are constantly striving to develop and introduce new and innovative products to attract more customers. Thus, the growing cosmetic industry led to generating high demand for fermentation chemicals.

Further, steadily increasing implementation of green chemistry is likely to support fermentation chemical market growth across the globe. Microorganisms such as fungi, bacteria, and eukaryotic cells create fermentation chemicals such as citric acid, ethanol, and acetic acid. These are the most used additives, antioxidants, preservatives, and flavours in various applications of industrial applications.

Continuous research & development activities and Innovative product launches to be key business strategies integrate by key players

Global fermentation chemicals industry is fragmented, and key players include Evonik Industries AG, BASF SE, Amano Enzyme Inc., AB Enzymes, Lana Tech, The Dow Chemical Company, ADM, Ajinomoto Company Incorporation, Novozymes A/S, DSM, Chr. Hansen A/S and others.

Industry key players operating in the market are keenly showing interest in the fermentation chemical market owing to extensive product adoption in many end-use industries which includes plastics & fibres, nutritional & pharmaceutical, industrial application, food & beverages, cosmetic & toiletry.  In addition, manufacturers are also engaged in several activities to strengthen their position in the market.

For instance, On 14th January 2022, Evonik Industries AG has established a production plant for rhamnolipids. This industrial production plant for bio-based and fully biodegradable rhamnolipids which is projected to uplift market growth from cosmetic & toiletries applications.

Fermentation chemicals market report includes in-depth coverage of the industry with estimates & forecast in terms of volume (Kilo Tons) and revenue in USD (Million) from 2022 to 2028 for the following segments:  

By Product Type

  • Dairy Products
  • Alcoholic Beverages
  • Organic acid
    • Amino acids
    • Citric acids
    • Lactic acids
    • Others
  • Alcohols & Ketones
    • Ethanol
    • Polyols
    • Others
  • Industrial Enzymes
  • Biopolymers

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:

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Poland
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Malaysia
    • Thailand
    • Indonesia
  • Latin America
    • Brazil
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

Global fermentation chemical industry size had crossed USD 93.25 billion in 2021 and will witness a growth rate of over 6% between 2022 and 2028, with higher consumer spending on personal care products.
The fermentation chemical market size from organic acids will exceed USD 22.6 billion by 2028 on account of rising penetration in food, pharmacy, medical, and other sectors.
The fermentation chemical market share from the food & beverages end-user segment surpassed USD 27.35 million in 2021 and could register a CAGR of 5% through 2028, driven by increasing use in manufacturing products like yoghurt, cheese, beer, and wine.
North America fermentation chemical industry share is expected to surpass USD 38.5 million by 2028 owing to the surging demand for cosmetics and toiletries in the region.

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 14
  • Tables & Figures: 314
  • Countries covered: 22
  • Pages: 185
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

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