Global Fermentation Chemicals Market Size & Outlook

The global fermentation chemicals market size was estimated at USD 75,001.0 million in 2023 and is projected to reach USD 120,899.3 million by 2030, growing at a CAGR of 7.3% from 2024 to 2030.
Revenue, 2023 (US$M)
$75,001.0
Forecast, 2030 (US$M)
$120,899.3
CAGR, 2024 - 2030
7.3%
Report Coverage
Worldwide

Global fermentation chemicals market, 2018-2030 (US$M)

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Global fermentation chemicals market highlights

  • The global fermentation chemicals market generated a revenue of USD 75,001.0 million in 2023 and is expected to reach USD 120,899.3 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 7.3% by 2030.
  • In terms of segment, alcohols accounted for a revenue of USD 41,999.8 million in 2023.
  • Organic Acids is the most lucrative product segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2023.
  • Country-wise, China is expected to register the highest CAGR from 2024 to 2030.

Global data book summary

Market revenue in 2023USD 75,001.0 million
Market revenue in 2030USD 120,899.3 million
Growth rate7.3% (CAGR from 2024 to 2030)
Largest segmentAlcohols
Fastest growing segmentOrganic Acids
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationAlcohols, Enzymes, Organic Acids

Other key industry trends

  • In terms of revenue, the North America accounted for 34.1% of the global fermentation chemicals market in 2023.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, China is the fastest growing regional market and is projected to reach USD 13,166.2 million by 2030.

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Fermentation Chemicals Market Companies

Name Profile # Employees HQ Website
ABF Ingredients View profile 501-1000 Peterborough, Peterborough, United Kingdom, Europe https://www.abfingredients.com/
Novonesis AS ADR View profile 6756 Krogshoejvej 36, Bagsvaerd, Denmark, 2880 https://www.novozymes.com
Amano Corp View profile 5083 275 Mamedocho, Kohoku-ku, Yokohama, Kanagawa, Japan, 222-8558 http://www.amano.co.jp
Ajinomoto Co Inc View profile 43318 15-1, Kyobashi 1-chome, Chuo-ku, Tokyo, Japan, 104-8315 http://www.ajinomoto.co.jp
HansenGroup View profile 501-1000 Lem, Midtjylland, Denmark, Europe http://www.hansengroup.biz
Cargill View profile 10001+ Minneapolis, Minnesota, United States, North America http://www.cargill.com
DSM View profile 10001+ Heerlen, Limburg, The Netherlands, Europe http://www.dsm.com
DuPont de Nemours Inc View profile 24000 974 Centre Road, Building 730, Wilmington, DE, United States, 19805 https://www.dupont.com
Archer-Daniels Midland Co View profile 41802 77 West Wacker Drive, Suite 4600, Chicago, IL, United States, 60601 https://www.adm.com
Dow Inc View profile 35900 2211 H.H. Dow Way, Midland, MI, United States, 48674 https://www.dow.com
Evonik Industries AG View profile 33409 Rellinghauser Strasse 1-11, Essen, NW, Germany, 45128 https://www.evonik.com
Basf SE View profile 111855 Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 https://www.basf.com

Global fermentation chemicals market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to fermentation chemicals market will help companies and investors design strategic landscapes.


Alcohols was the largest segment with a revenue share of 56% in 2023. Horizon Databook has segmented the Global fermentation chemicals market based on alcohols, enzymes, organic acids covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Fermentation Chemicals Product Outlook (Revenue, USD Million, 2018-2030)
    • Alcohols
    • Enzymes
    • Organic Acids
    • Others
  • Global Fermentation Chemicals Application Outlook (Revenue, USD Million, 2018-2030)
    • Industrial Applications
    • Food & Beverages
    • Nutritional and Pharmaceuticals
    • Plastics and Fibers
    • Others

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Target buyers of Global fermentation chemicals market databook

  • Our clientele includes a mix of fermentation chemicals market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global fermentation chemicals market , including forecasts for subscribers. This global databook contains high-level insights into Global fermentation chemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global fermentation chemicals market size, by regions, 2018-2030 (US$M)

Top 10 countries: Fermentation chemicals market size, 2023 (US$M)

Global fermentation chemicals market share, by product, 2023 & 2030 (%, US$M)

Fermentation chemicals market: Opportunity assessment by country

Global fermentation chemicals market, by region, 2023 (US$M)

Global fermentation chemicals market size, by regions, 2018-2030 (US$M)

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