Fermentation Ingredients Market Growing

The global market for fermentation-derived fine chemicals should grow from $26.4 billion in 2019 to $32.1 billion by 2024, with a compound annual growth rate (CAGR) of 4.0% for the period of 2019-2023.

The most important products manufactured by fermentation include Crude antibiotics, Organic acids, Amino acids, Polysaccharides and polymers, Enzymes, Vitamins and carotenoids.

While the markets for virtually all of these categories have expanded at respectable levels, the production landscape has continued to evolve with some major changes.

The most important products manufactured by fermentation include Crude antibiotics, Organic acids, Amino acids, Polysaccharides and polymers, Enzymes, Vitamins and carotenoids.

Government regulations and limitations in use for antibiotics impacted market performance during 2018 and leveled off during the first part of 2019.

Citric acid traditionally dominates the category of organic acids. The product grew strongly due to its robust popularity as an acidifier in foods, as a pH regulator in many technical applications and as a building block in detergents. All other organic acids are much smaller in consumption and value, although lactic acid markets have grown significantly in recent years. Succinic acid is growing strongly, and it is expected to maintain its strong growth through 2024 as demand increases.

Request Report Discount

Lysine and monosodium glutamate (MSG) have always been popular fermentation-derived amino acids. MSG was historically an Asian product, but lysine is also being developed in Asian countries (more so than in Europe or North America) due to its relevance for the compound feed industry, which is growing faster in the Asia-Pacific region than in any other part of the world. Threonine development, which is following in the footsteps of lysine development, has made progress in becoming respected as a standard feed ingredient. The market for tryptophan, although growing, is still small compared to other ingredients.

Polysaccharides and polymers are led by the product xanthan. Xanthan enjoys strong consumption in the food and oil-drilling industries, as opposed to increased prices. The low prevailing prices triggered an industry shakeout, and the producer landscape currently consists of a limited number of sizable manufacturers,with the traditional Western producers maintaining a leading market presence.

Key Players
Major players in the industry include Novozymes A/S, DSM Nutritional Products Ltd., Danisco A/S, CJ CheilJedang, and Fufeng Group Co. Ltd.

Request Report Sample

Report Scope

The global market for fermentation-derived fine chemicals should grow at a CAGR of 4.0% for the period of 2019-2023.

After categorizing the main fermentation products, the report describes each individual product, reviews industry developments, estimates current volumes produced and consumed, and finally considers price trends and industry structure.

Building on carbohydrate conversion rates and production sites, the report estimates demand for carbohydrates for specific regions and contrasted it with availability. The regions and products that may experience tighter production due to restrained raw materials are identified.

This report does not cover every industrial product that is fermented. Most of the products covered in this report have been on the market for years, but the examples of astaxanthin and beta-carotene demonstrate how difficult it is to introduce such products with sustainability. Few recently introduced industrial fermentation products have become mainstream practices, and many new products ultimately disappear.

Full View of Report Description

Only $1/click

Submit Your Ad Here

Steve Jojn

Trends Market Research is one of the leading digital services provider and a result-oriented company based in U.K.. We are a team of enthusiastic-driven individuals with top notch skills in SEO , Market research. Trends Market Research is a one stop shop to all your business needs. We help you thrive and succeed. We provide research solution.
http://www.trendsmarketresearch.com

Leave a Reply