Fermentation Products Market 2019 | Industry Updates, Major Key Players, Size, Demand, Growth and Future Prospects to 2023

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. 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.

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Major players operating in this market include the following:

AB Enzymes GmbH
Ajinomoto Company Incorporation
Amano Enzyme Inc.
Chr. Hansen A/S
Du Pont Danisco A/S
Evonik Industries AG
Lonza Group Ltd.
Novozymes A/S
The Dow Chemical Company

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.

Key Findings of the Fermentation Products Market:

North America is expected to lead the market during the forecast period, followed by LAMEA.
The polymers segment is expected to show highest growth rate by type, registering a CAGR of 13.4% from 2017 to 2023.
Sugar beet was the largest segment by feedstock in fermentation products market, in terms of volume, in 2016.
South Africa accounted for 21.5% share, in terms of volume, in the LAMEA market in 2016.
UK accounted for 17.9% share, in terms of revenue, in the European market, in 2016.
India is expected to grow at the highest CAGR of 7.4% during the forecast period.

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Table of Contents

Chapter 1: Introduction

Chapter 2: Executive Summary

Chapter 3: Market Overview

Chapter 4: Fermentation Products Market by Type

Chapter 5. Global Fermentation Products Market, By Feedstock

Chapter 6. Global Fermentation Products Market, By Process

Chapter 7. Global Fermentation Products Market, By End-User Industry

Chapter 8. Global Fermentation Products Market, By Geography

Chapter 9. Company Profiles

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Posted by on Friday June 14 2019, 9:15 AM EDT. All trademarks acknowledged. Filed under Chemicals & Materials, Food & Beverage. Comments and Trackbacks closed. Follow responses: RSS 2.0

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