The report on “Global Fermentation Products Market” is segmented by type (Alcohols, amino acids, organic acids, biogas, polymers, vitamins, antibiotics and industrial Enzymes), by feedstock (Corn, rice, wheat, sugar beet, cassava, barley, potatoes and others), by application (Food & beverages, pharmaceutical, agriculture, personal care, animal feed, textile & leather and others), by region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America). Global Industry analysis and forecast 2018-2026. Global Fermentation Products Market was sized US$ 290 Mn in 2017 and is anticipated to reach US$ 570 Mn by 2026 at a CAGR of about 7.8 % during a forecast.
Fermentation is a metabolic process that involves conversion of sugar, cellulosic material, and starch into food, feed, fuel, and other industrial products. This conversion uses microorganisms or enzymes as raw materials and is carried out in bioreactors or fermenters. After this process, subsequent downstream processing is required to purify and isolate the target product. Fermentation products are necessary ingredients utilized in the production of bio-based products.
Alcohol to hold the largest market share during the forecast period
In terms of revenue, Alcohol remain dominant in the regional market for the forecast period. Fermentation of alcohols such as ethanol is used in the production of alcoholic beverages and bakeries. Adoption of Methanol as the Future Fuel will further augment the growth of alcohol segment. Enzyme is second leading segment of fermentation chemical market followed by organic acid. Polymers is witnessing the highest CAGR, owing to the high demand for natural food & beverage and gluten-free products.
Sugar beet to remain dominant for the forecast period
Growth of the bioethanol industry, and rise in awareness among customers regarding bio-based products and ecological concerns drive growth and development of fermentation products market. In terms of both volume and revenue, Sugar beet leads the maximum market share in the regional market.
North America is expected to hold the largest market share during the forecast period.
North America holds one third share of the fermentation product market. Fermentation market in North America is increasing due to the growth of Pharmaceutical and alcohol industry. Asia-Pacific is fastest growing region for fermentation product and has huge potential for growth in the future, due to the immense expansion in the food & beverage, pharmaceutical, and plastics market.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as AB Enzymes GmbH, Ajinomoto Company Incorporation, Amano Enzyme Inc., BASF SE, Chr. Hansen, Du Pont Danisco, Evonik Industries AG, Lonza Group Ltd., Novozymes, The Dow Chemical Company, Koninklijke DSM N.V., Archer Daniels Midland Company, Cargill Inc., Alcogroup S.A., Syngar Technologies Inc., Dhler Group, CBH Qingdao Co., Ltd, Hebei Kangdali Pharmaceutical Co., Ltd
Maximize Market Research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the global fermentation product market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global fermentation product market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global fermentation product market positioning of competitors.
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