Market Overview

COVID-19 Impacts: Fermentation Chemicals Market Will Accelerate at a CAGR of About 6% Through 2020-2024 | Increased Usage of Organic Acids in Cosmetics and Personal Care Products to Boost Growth | Technavio

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Technavio has been monitoring the fermentation chemicals market and it is poised to grow by $ 26.38 bn during 2020-2024, progressing at a CAGR of 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200807005172/en/

Technavio has announced its latest market research report titled Global Fermentation Chemicals Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Fermentation Chemicals Market 2020-2024 (Graphic: Business Wire)

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Ajinomoto Co. Inc., Archer Daniels Midland Co., Associated British Foods Plc, BASF SE, Cargill Inc., Chr. Hansen Holding AS, Daesang Corp., Evonik Industries AG, Koninklijke DSM NV, and Novozymes AS are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Increased usage of organic acids in cosmetics and personal care products has been instrumental in driving the growth of the market. However, health issues due to increased alcohol consumption might hamper the market growth.

Fermentation Chemicals Market 2020-2024 : Segmentation

Fermentation Chemicals Market is segmented as below:

  • Product
    • Alcohol
    • Organic Acids
    • Enzymes
    • Others
  • Geography Landscapes
    • APAC
    • Europe
    • MEA
    • North America
    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43049

Fermentation Chemicals Market 2020-2024 : Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our fermentation chemicals market report covers the following areas:

  • Fermentation Chemicals Market size
  • Fermentation Chemicals Market trends
  • Fermentation Chemicals Market industry analysis

This study identifies the growth of pharmaceutical and nutritional industry as one of the prime reasons driving the fermentation chemicals market growth during the next few years.

Fermentation Chemicals Market 2020-2024 : Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the fermentation chemicals market, including some of the vendors such as Ajinomoto Co. Inc., Archer Daniels Midland Co., Associated British Foods Plc, BASF SE, Cargill Inc., Chr. Hansen Holding AS, Daesang Corp., Evonik Industries AG, Koninklijke DSM NV, and Novozymes AS Backed with competitive intelligence and benchmarking, our research reports on the fermentation chemicals market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Fermentation Chemicals Market 2020-2024 : Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist fermentation chemicals market growth during the next five years
  • Estimation of the fermentation chemicals market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the fermentation chemicals market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of fermentation chemicals market vendors

Table Of Contents :

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Alcohol - Market size and forecast 2019-2024
  • Organic acid - Market size and forecast 2019-2024
  • Enzymes - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by Product

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Industrial - Market size and forecast 2019-2024
  • Food and beverages - Market size and forecast 2019-2024
  • Pharmaceutical and nutritional - Market size and forecast 2019-2024
  • Plastic and fibers - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by Application

Customer Landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Ajinomoto Co. Inc.
  • Archer Daniels Midland Co.
  • Associated British Foods Plc
  • BASF SE
  • Cargill Inc.
  • Chr. Hansen Holding A/S
  • Daesang Corp.
  • Evonik Industries AG
  • Koninklijke DSM NV
  • Novozymes AS

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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