The global fermentation chemicals market is expected to witness significant growth in the coming years due to increasing demand for bio-based products in various industries such as food and beverages, pharmaceuticals, and chemicals. Fermentation chemicals are used in a wide range of applications such as food additives, pharmaceuticals, and biofuels. The growing population and changing consumer preferences for natural and organic products are also driving the demand for fermentation chemicals. Additionally, the increasing adoption of sustainable production methods and the growing trend of using renewable resources are further propelling market growth. However, the high cost of production and stringent government regulations on the use of certain chemicals in fermentation processes may hinder the growth of the market. Nevertheless, the growing trend of using fermentation technology to produce high-value chemicals is expected to create lucrative opportunities for the market players in the coming years.
Global Fermentation Chemicals Market was valued at US$ 65000.00 Million in 2021 in terms of revenue, exhibiting a CAGR of 5.6% during the forecast period (2022 to 2030).
Leading Companies in the Fermentation Chemicals Industry:
1. Ajinomoto Company Incorporation
Ajinomoto Company Incorporation is a Japanese company that was founded in 1909 and has its headquarters in Tokyo, Japan. The company operates in more than 35 countries worldwide, including the United States, China, and Brazil. In November 2021, the company announced the launch of a new enzyme product for brewing that can reduce the use of malt and improve the efficiency of the brewing process. In April, 2023 Ajinomoto Co., Inc. has invested in Every, Inc., a start-up company operating recipe and other video media and providing various retail DX services involving in-store digital signages for food supermarkets
2. AB Enzymes
AB Enzymes is a German company that was founded in 1907 and has its headquarters in Darmstadt, Germany. The company operates in more than 50 countries worldwide and specializes in developing and producing enzymes for industrial applications. In October 2021, the company announced the launch of a new enzyme product for baking that can improve the texture and freshness of bread while reducing the use of additives.
3. BASF SE
BASF SE is a German multinational chemical company that was founded in 1865 and has its headquarters in Ludwigshafen, Germany. The company operates in more than 80 countries worldwide and produces a wide range of chemicals, including fermentation chemicals. In August 2021, the company announced the expansion of its production capacity for fermentation-based products, including bio-based succinic acid, which is used in a range of applications such as food, pharmaceuticals, and cosmetics.
4. Amano Enzyme Inc.
Amano Enzyme Inc. is a Japanese company that was founded in 1899 and has its headquarters in Nagoya, Japan. The company operates in more than 20 countries worldwide and specializes in developing and producing enzymes for industrial applications, including fermentation. In March 2021, the company announced the launch of a new enzyme product for brewing that can improve the yield and quality of beer while reducing the use of raw materials.
5. Dow Chemicals
Dow Chemicals is an American multinational chemical company that was founded in 1897 and has its headquarters in Midland, Michigan. The company operates in more than 160 countries worldwide and produces a wide range of chemicals, including fermentation chemicals. In February 2021, the company announced the launch of a new bio-based solution that can improve the performance of fermentation processes, reducing the time and cost required to produce bio-based products.
6. Archer Daniels Midland Company (ADM)
Archer Daniels Midland Company (ADM) is an American multinational food processing and commodities trading company that was founded in 1902 and has its headquarters in Chicago, Illinois. The company operates in more than 170 countries worldwide and produces a wide range of products, including fermentation chemicals. In January 2021, the company announced the launch of a new line of bio-based propylene glycol, which is used in a range of applications such as food, cosmetics, and pharmaceuticals.
7. Novozymes A/S
Novozymes A/S is a Danish biotechnology company that was founded in 2000 and has its headquarters in Bagsvaerd, Denmark. The company operates in more than 50 countries worldwide and specializes in developing and producing enzymes for industrial applications, including fermentation. In October 2021, the company announced the launch of a new enzyme product for brewing that can improve the taste and quality of beer while reducing the use of raw materials.
8. Cargill Incorporation
Cargill Incorporation is an American multinational food processing and commodities trading company that was founded in 1865 and has its headquarters in Minneapolis, Minnesota. The company operates in more than 70 countries worldwide and produces a wide range of products, including fermentation chemicals. In May 2021, the company announced the launch of a new line of bio-based polyols, which are used in a range of applications such as coatings, adhesives, and elastomers.
9. Evonik Industries AG
Evonik Industries AG is a German specialty chemicals company that was founded in 2007 and has its headquarters in Essen, Germany. The company operates in more than 100 countries worldwide and produces a wide range of chemicals, including fermentation chemicals. In November 2021, the company announced the launch of a new fermentation-based product for the production of plastics, which is made from renewable raw materials and has a lower carbon footprint than traditional plastics.
10. Du Pont Danisco A/S
Du Pont Danisco A/S is a Danish-American biotechnology company that was founded in 1989 and has its headquarters in Copenhagen, Denmark. The company operates in more than 40 countries worldwide and specializes in developing and producing enzymes for industrial applications, including fermentation. In August 2021, the company announced the launch of a new enzyme product for baking that can improve the texture and freshness of bread while reducing the use of additives.
11. DSM
DSM is a Dutch multinational life sciences and materials sciences company that was founded in 1902 and has its headquarters in Heerlen, Netherlands. The company operates in more than 50 countries worldwide and produces a wide range of products, including fermentation chemicals. In July 2021, the company announced the launch of a new line of bio-based succinic acid, which is used in a range of applications such as food, pharmaceuticals, and cosmetics.
*Definition- Fermentation chemicals refer to the substances used in the process of fermentation, a metabolic process that converts sugars into acids, gases, or alcohol. These chemicals are used to control the fermentation process and optimize the yield of desired products.
