Global Fermentation Chemicals Market 2017-2021

Global Fermentation Chemicals Market 2017-2021

About Fermentation Chemicals

The commercial fermentation of natural and renewable materials produces fermentation chemicals. These chemicals act as a catalyst or initiator in chemical and biochemical reactions to modify the rate of the reaction process. These chemicals can also be manufactured by using biodegradable products such as pulp, starch, paper, wood, and other biochemicals. The increasing demand from the alcohol industry is one of the driving factors. The rising demand for renewable energy fuel and consumption of alcohols such as ethanol and methanol as a substitute for conventional fuels are the major factors prompting the growth of the global fermentation chemicals market. Fermentation chemicals help increase the overall productivity by lowering the processing time and manufacturing costs.

Technavio’s analysts forecast the global fermentation chemicals market to grow at a CAGR of 5.98% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global fermentation chemicals market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Fermentation Chemicals Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • AJINOMOTO
  • Archer Daniels Midland
  • BASF
  • Cargill
  • Evonik Industries
  • The Dow Chemical Company
Other prominent vendors
  • Amano Enzyme
  • AB Enzymes
  • Chr. Hansen Holding
  • Novozymes
  • Royal DSM
Market driver
  • Rising need for renewable and clean fuel
  • For a full, detailed list, view our report
Market challenge
  • Fall in crude oil prices
  • For a full, detailed list, view our report
Market trend
  • Emerging use of enzymes in nutraceuticals
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Technavio Announces the Publication of its Research Report – Global Fermentation Chemicals Market 2017-2021

Technavio recognizes the following companies as the key players in the global fermentation chemicals market: AJINOMOTO, Archer Daniels Midland, BASF, Cargill, Evonik Industries, and The Dow Chemical Company

Other Prominent Vendors in the market are: Amano Enzyme, AB Enzymes, Chr. Hansen Holding, Novozymes, and Royal DSM.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Emerging use of enzymes in nutraceuticals. The insufficiency of adequate nutrients in dairy foods and the growing health consciousness are driving the consumption of nutraceutical products globally. The developed regions such as the Americas and Europe are the main markets for nutraceutical products. The high cost of these products previously hindered their acceptance in the developing markets. However, the rising disposable incomes and the increasing awareness about such products are fostering their consumption in emerging markets such as India and China.”

According to the report, one of the major drivers for this market is Rising need for renewable and clean fuel. Globally, there is a growing interest to substitute fuels because of the uncertainty of global fuel prices, energy security, and the continued rise in CO₂ emission levels. There is a demand for industrial and automotive fuels that can reduce CO₂ emissions. The gradual depletion of fossil fuel reserves has given rise to the need for renewable sources of energy such as biofuels. The continuous R&D has led to the use of alternative fuels such as ethanol and methanol, which is gradually moving toward large-scale commercialization because their performance is like that of gasoline and diesel for transportation and industrial applications.

Further, the report states that one of the major factors hindering the growth of this market is Fall in crude oil prices. Various alcohol fuels are one of the main substitutes of crude oil products such as gasoline and diesel. The sudden change in the global crude oil prices has resulted in a steep decline in oil trading prices. Brent and West Texas Intermediate crude oil prices have dropped nearly 50% from 2014 to 2015. The remarkable decline in oil prices is attributed to a systemic demand-supply imbalance in the global crude oil market. This has made ethanol, methanol, and other alternative renewable fuels less lucrative. The low crude oil prices have increased the difference in prices between conventional fuels and renewable fuels. Generally, the governments subsidize renewable fuels to make them attractive to consumers. However, if crude oil prices continue to decline, governments must increase the subsidies to make alcohol fuel products competitive and more attractive. This will require additional funding from governments, failing which the sales of alcohols as fuel will decrease and subsequently affect the growth of the fermentation chemicals market.

Companies Mentioned

AJINOMOTO, Archer Daniels Midland, BASF, Cargill, Evonik Industries, The Dow Chemical Company, Amano Enzyme, AB Enzymes, Chr. Hansen Holding, Novozymes, and Royal DSM.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Global fermentation chemicals market overview
    • Global fermentation chemicals market
      • Table Global fermentation chemicals market 2016 and 2021 ($ billions)
      • Table Global fermentation chemicals market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Global fermentation chemicals market by product
      • Table Global fermentation chemicals market by product 2016 (% share of revenue)
      • Table Global fermentation chemicals market by product 2021 (% share of revenue)
    • Global fermentation chemicals market by alcohols
      • Table Global fermentation chemicals market by alcohols 2016 and 2021 ($ billions)
      • Table Basic alcohol fermentation process
      • Table Common applications and functions of alcohols
      • Table Global fermentation chemicals market by alcohols 2016-2021
    • Global fermentation chemicals market by organic acids
      • Table Global fermentation chemicals market by organic acids 2016 and 2021 ($ billions)
      • Table Common applications and functions of organic acids
      • Table Global fermentation chemicals market by organic acids 2016-2021
    • Global fermentation chemicals market by enzymes
      • Table Global fermentation chemicals market by enzymes 2016 and 2021 ($ billions)
      • Table Common applications and functions of enzymes
      • Table Global fermentation chemicals market by enzymes 2016-2021
    • Global fermentation chemicals market by other products
      • Table Global fermentation chemicals market by other products 2016 and 2021 ($ billions)
      • Table Global fermentation chemicals market by other products 2016-2021
  • Market segmentation by application
    • Global fermentation chemicals market by industrial applications
      • Table Global fermentation chemicals market by industrial applications 2016 and 2021 ($billions)
      • Table Global fermentation chemicals market by industrial applications 2016-2021
    • Global fermentation chemicals market by food and beverages applications
      • Table Global fermentation chemicals market by food and beverages applications 2016 and2021 ($ billions)
      • Table Global fermentation chemicals market by food and beverages applications 2016-2021
    • Global fermentation chemicals market by pharmaceutical and nutritional applications
      • Table Global fermentation chemicals market by pharmaceutical and nutritional applications2016 and 2021 ($ billions)
      • Table Global fermentation chemicals market by pharmaceutical and nutritional applications2016-2021
    • Global fermentation chemicals market by plastics and fibers applications
      • Table Global fermentation chemicals market by plastics and fibers applications 2016 and2021 ($ billions)
      • Table Global fermentation chemicals market by plastics and fibers applications 2016-2021
    • Global fermentation chemicals market by other applications
      • Table Global fermentation chemicals market by other applications 2016 and 2021 ($billions)
      • Table Global fermentation chemicals market by other applications 2016-2021
    • Global fermentation chemicals market by application
      • Table Global fermentation chemicals market by application 2016 (% share of revenue)
      • Table Global fermentation chemicals market by application 2021 (% share of revenue)
  • Geographical segmentation
    • Global fermentation chemicals market by geography
      • Table Global fermentation chemicals market by geography 2016 (% share of revenue)
      • Table Global fermentation chemicals market by geography 2021 (% share of revenue)
    • Fermentation chemicals market in Americas
      • Table Fermentation chemicals market in Americas 2016 and 2021 ($ billions)
      • Table Fermentation chemicals market in the Americas 2016-2021
    • Fermentation chemicals market in APAC
      • Table Fermentation chemicals market in APAC 2016 and 2021 ($ billions)
      • Table Fermentation chemicals market in APAC 2016-2021
    • Fermentation chemicals market in EMEA
      • Table Fermentation chemicals market in EMEA 2016 and 2021 ($ billions)
      • Table Fermentation chemicals market in EMEA 2016-2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global energy-related CO emissions 2010-2017 (billion metric tons)
      • Table Steps in brewing operations, food enzymes used, and their action
    • Market challenges
      • Table Crude oil prices 2010-2016 ($ per barrel)
  • Market trends
    • Emerging use of enzymes in nutraceuticals
    • Alternatives to conventional transportation fuels
    • Increased consumption of organic food additives
  • Vendor landscape
    • Competitive scenario
    • Major market vendors
      • Table Major vendors: Global fermentation chemicals market
    • Other prominent vendors
  • Key vendor analysis
    • AJINOMOTO
      • Table AJINOMOTO: Business segmentation by revenue 2016
      • Table AJINOMOTO: Geographical segmentation by revenue 2016
    • Archer Daniels Midland
      • Table Archer Daniels Midland: Business segmentation by revenue 2016
      • Table Archer Daniels Midland: Geographical segmentation by revenue 2016
    • BASF
      • Table BASF: Business segmentation by revenue 2016
      • Table BASF: Geographical segmentation by revenue 2016
    • Cargill
      • Table Cargill: Products and services offered 2016
      • Table Cargill: Geographical segmentation by revenue 2016
    • Evonik Industries
      • Table Evonik Industries: Business segmentation by revenue 2016
      • Table Evonik Industries: Geographical segmentation by revenue 2016
    • The Dow Chemical Company
      • Table The Dow Chemical Company: Business segmentation by revenue 2016
      • Table The Dow Chemical Company: Geographical segmentation by revenue 2016
  • Appendix
    • List of abbreviations
  • Explore Technavio

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