Fermentation Products Market: Global Industry Analysis and Forecast (2024-2030)

The Fermentation Products Market size was valued at USD 196.94 Billion in 2023 and the Fermentation Product total revenue is expected to grow by 4.6% from 2024 to 2030, reaching nearly USD 269.80 Billion.
Fermentation Products Market Overview:-
Fermentation is a metabolic process in which sugar, cellulosic content, and starch are converted into fruit, feed, fuel, and other industrial products. Fermentation materials such as alcohols, amino acids, polymers, industrial enzymes, and vitamins are important components used in the manufacturing of bio-based products

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. Increase in demand for antibiotics & steroids and rise in use of fermentation products as raw material in textile, leather, plastic, chemical, and rubber industries further supplement market growth. North America is the leading region, due to increase in popularity of food and pharmaceutical products produced by use of fermentation products. Regulations framed by agencies, such as the Environmental Protection Agency (EPA) and European Commission, categorically promote green chemistry, growth of which is supported by the utilization of fermentation products. But, irregular supply of raw materials, such as nutrients & microorganisms utilized in the production of fermentation products, stringent regulations, and high manufacturing cost limit the market growth.

In addition, economic viability of global fermentation-based chemical industry depends on price of alternative feedstock and relative product yields. Diversified demand for fermentation products in the emerging economies, such as India, China, and Brazil, technological innovation, and rise in number of applications are anticipated to provide lucrative opportunities for market expansion.To know about the Research Methodology :- Request Free Sample Report
Fermentation Products Market Dynamics:
Fermentation Products Market Drivers:-

Increasing Demand for Fermentation Products from Pharmaceuticals and Personal Care Industry

Fermentation technology for Pharmaceutics and personal care products helps to generate eco-friendly products, owing to which the demand for fermentation products is increasing from the personal care industry. Personal care ingredients manufacturing companies are using fermentation ingredients such as amino acids, polymers, industrial enzymes, and more to develop new products and processes, which include high bioavailability actives, bioconversion of fragrance to water-soluble natural fragrance, bioactive for anti-aging, whitening, and moisturizing, anti-inflammatory, and UV-blocking effect. Furthermore, the pharmaceutical industry is also using fermentation products by focusing on developing new concepts and products using specialty ingredients. Amino acids, vitamins, and related compounds, and industrial enzymes are commonly used as fermented ingredients in the pharmaceutical industry for applications such as anti-viral drugs, therapeutic recombinant proteins and DNA, and monoclonal antibodies.
Fermentation Products Market Restraints:-
Fermentation Products are interfere with health is the restraint faced by Fermentation Products Market

According to MMR report a correlation between fermented food intake and the risk of developing gastric cancer. The study was a meta-analysis of studies demonstrating the impact of the intake of fermented and non-fermented soy food on the risk of developing gastric cancer. The study found that high consumption of fermented soy foods raised the risk of gastric cancer, while the risk of gastric cancer was decreased by a diet high in non-fermented soy foods. Due to such health issues occurring from fermentation products, the demand tends to get constraint.
Fermentation Products Market Segment Analysis:-
Based on Type, Alcohols dominated the Fermentation Products Market in 2023 and are expected to continue their dominance during the forecast period. Based on type Market is classified into Amino Acids, Organic Acids, Biogas, Industrial Enzymes, Polymers, Vitamins, Antibiotics, Others. Its strong use in the food & beverage industry, it is projected to be the first choice for new entrants. Organic acids are those with a pKa value of 3 (carboxylic) to 9 (phenolic). Technological developments in fermentation technology have allowed organic acids to be developed on an industrial scale. As preservatives in food, organic acids such as lactic acid, tartaric acid, and fumaric acid are commonly used.Based on the Process, Continuous fermentation dominated the Fermentation Products Market in 2023 and is expected to continue its dominance during the forecast period. Based on application market is divided into Corn, Rice, Wheat, Sugarcane, Cassava, Potatoes, Barley, Sugar Beet, Sorghum and others. Its continuous reaction with zero idle time, reduction of labor costs, and growth in product yields. Continuous fermentation is an open procedure whereby, at a specific dilution rate, sterile substrates are applied to the system while an equivalent number of transformed substrates containing the substance is concurrently extracted along with the producer. Effective plant productivity, better carbohydrate productivity, increased throughput, and quality are the benefits claimed for continuous fermentation.

Based on the End-User, Food & Beverages dominated the Fermentation Products Market in 2023 and are expected to continue their dominance during the forecast period. Based on End-User Market is classified into Industrial Application, Food & Beverages Pharmaceutical, Agriculture, Personal Care, Animal Feed, and others. the rising use of fermented ingredients to increase the shelf life of food products, food, and drinks are currently the dominant category and are expected to remain so. Fermented ingredients can be used in a variety of foods and beverages, including beer, bread, yogurts, and cheese. In food products, fermented amino acids are commonly used, and various amino acids add varying tastes to the food products in which they are used. The growing use of fermented products in bakeries and dairy products is projected to boost the global demand for food & beverage fermented products. With the advancement of microbiology and biotechnology, the demand for fermented products has become a major industry for food and beverages.

Fermentation Products Market Region, Asia-Pacific region dominated the Fermentation Products Market in 2023 and is expected to continue its dominance during the forecast period In Asia-Pacific, China is the largest economic country. China accounted for almost 39% of global furniture production. In the Forecast Period, growth in key end-use industries such as food and beverages and, especially in India and China, is expected to remain a key driver for the regional market. According to Invest India, with stimulating growth in the food retail sector, favourable economic policies, and attractive fiscal incentives, India's food ecosystem offer huge investment opportunities. India has the world's sixth-largest food and grocery industry. The growth in the food and beverage industry in countries such as China and India owing to the rising middle-class disposable income is projected over the forecast period to expand the regional demand.
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Global Fermentation Products Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 196.94 Bn.


Forecast Period 2024 to 2030 CAGR:
4.6%
Market Size in 2030:
US $ 269.80 Bn.


 Segments Covered:
by Type
Alcohols
Amino Acids
Organic Acids
Biogas
Industrial Enzymes
Polymers
Vitamins
Antibiotics
Others


by Feedstock
Corn
Rice
Wheat
Sugarcane
Cassava
Potatoes
Barley
Sugar Beet
Sorghum
Others


by Process
Batch Fermentation
Continuous Fermentation
Others


by End-User
Food & Beverages
Pharmaceutical
Agriculture
Personal Care
Animal Feed
Textile & Leather
Others



Fermentation Products Market by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Fermentation Products Market, Key Players are
1. AB Enzymes GmbH
2. Ajinomoto Company Incorporation
3. Amano Enzyme Inc.
4. BASF SE
5. Chr. Hansen A/S
6. Du Pont Danisco
7. Evonik Industries AG
8. Lonza Group Ltd.
9. Novozymes
10. The Dow Chemical Company
11. Koninklijke DSM N.V.
12. Archer Daniels Midland Company
13. Cargill Inc.
14. Alcogroup S.A.
15. Syngar Technologies Inc.
16. Dhler Group
17. CBH Qingdao Co. ltd
18. Hebei Kangdali Pharmaceutical Co. Ltd
19. CBH Qingdao Co., Ltd.
20. DowDuPont
21. Amano Enzyme
22. Chr. Hansen A/S

Frequently Asked Questions:

1] What segments are covered in the Fermentation Products Market report?
Ans. The segments covered in the Fermentation Products Market report are based on Type, application, process, end-user, and region.

2] Which region is expected to hold the highest share of the Fermentation Products Market?
Ans. The Asia Pacific region is expected to hold the highest share of the Fermentation Products Market.

3] What is the expected size of the Fermentation Products Market by 2030?
Ans. The market size of the Fermentation Products Market by 2030 is expected to reach USD 269.80 Billion.

4] What is the forecast period for the Fermentation Products Market report?
Ans. The forecast period for the Fermentation Products Market report is 2024-2030.

5] What was the market size of the Fermentation Products Market in 2023?
Ans. The market size of the Fermentation Products Market in 2023 was valued at USD 196.94 Billion.