Market Research Future published a Cooked Research Report (CRR) on Global Fermentation Ingredients Market which is estimated to grow more than 5.08% after 2023

Market Analysis:

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.

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Competitive Analysis-

The major key players in Global Fermentation Ingredients market are

Cargill
I. du Pont de Nemours & Co
Archer-Daniels-Midland Co
The Dow Chemical Co
Evonik Industries AG
Novozymes A/S
Uquifa
Key players are focusing on expansion of their fermentation ingredient business. From six years, strategy of product launch and expansion of the fermentation ingredients business together holds around 50% of strategy share by key players. Acquisitions and agreement are two main factors which are contributing more than 40% of strategy share as it helping company to enhance their fermentation ingredients production capacity and to capture more market share in the world.  

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.

Key Findings

The Global Fermentation Ingredients market is projected to reach USD 78.38 billion by 2023 with growth rate of 3.46%
Globally, application of fermentation ingredients in food and beverages is growing at higher rate of 5.38%
Alcohol fermentation ingredients type holds the major market share for the year 2017 across the globe
Regional Analysis

America holds major market share followed by Asia Pacific 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. U.S. is the fastest growing country in fermentation ingredient market which is growing at CAGR 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

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Target Audience

Fermentation Ingredients Manufacturers
Food and beverage Industry
Chemical Industry
Pharmaceutical Industry
Retailers and wholesalers
Traders, importers and exporters
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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