Fermentation Ingredients Market Overview, Key Players Profile, Segments Analysis and Growth Drivers to 2023

Fermentation Ingredients Market Information- by Type (Alcohol, Amino Acid Form (Dry, Liquid), Application (Chemical, Food & beverages), Feedstock (Sugar beet) and Province - Forecast to 2023

Pune, India - October 13, 2017 /MarketersMedia/ —

Market Overview:

Fermentation Ingredients Market is projected to reach USD 78.38 billion by 2023 with CAGR of 5.08%. Increasing application of fermentation ingredients by food and beverage industry is driving the market growth. America holds major market share followed by Asia Pacific region in the year 2017. America will witness higher growth rate during the forecast period due to increasing demand of fermentation ingredients for food and beverage application. Europe holds more than 20% of market share in 2017.  Growing chemical and pharmaceutical industries in Europe is supporting the market growth in Europe region.

U.S. is the fastest growing country in fermentation ingredient market which will witness the growth rate of 6.12% during forecast period. Increasing demand of fermentation ingredients and availability of resources are driving the market growth in U.S. and Brazil. Increasing application of fermentation ingredients in chemical and pharmaceutical companies is playing a key role in growth of the market in Germany. Fermentation ingredient market in China and India is growing at CAGR of 5.72% and 5.35% respectively due to increasing demand of organic acid and alcohol in Asia Pacific region.

Competitive Analysis-

The major key players in Global Fermentation Ingredients market are

• Cargill
• Archer-Daniels-Midland Co
• The Dow Chemical Co
• E.I. du Pont de Nemours & Co
• Evonik Industries AG
• Novozymes A/S
• Uquifa

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Market Forecast

Alcohol (Ethanol, butanol, BDO and Acetone) and Polymer (Xanthan and PHA) fermentation ingredients holds major market share in the year 2017 as majority of fermentation ingredients is used for food and beverages and pharmaceutical application. Industrial enzymes is projected to reach at higher rate during the forecast period. Wheat and dextrose (made from corn) together holds major market share in the year 2017 as majority of wheat fermentation ingredients are produced from wheat and corn feedstock. Wheat feedstock is projected to reach at higher rate during the forecast period due to growing use of fermentation ingredients in alcohol segment.

Market Segmentation-

• Global Fermentation Ingredients market is segmented by type which includes Alcohol. Amino acid, Antibiotics & Vitamins, Polymer, Industrial Enzymes, Organic acid and Others
• Global Fermentation Ingredients market is segmented by form which includes dry, liquid and others
• Global Fermentation Ingredients market is segmented by application which includes Chemical, Food & beverages, Pharmaceutical, Animal Feed and Others
• Global Fermentation Ingredients market is segmented by feedstock which includes Sugar beet, Wheat, Corn and Other

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Release ID: 249991

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