Asia Pacific Fermentation Chemicals Market Size & Outlook
Asia Pacific fermentation chemicals market, 2018-2030 (US$M)
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Asia Pacific fermentation chemicals market highlights
- The Asia Pacific fermentation chemicals market generated a revenue of USD 21,037.8 million in 2023.
- The market is expected to grow at a CAGR of 8.2% from 2024 to 2030.
- In terms of segment, alcohols was the largest revenue generating product in 2023.
- Organic Acids is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 21,037.8 million |
| Market revenue in 2030 | USD 36,451.1 million |
| Growth rate | 8.2% (CAGR from 2023 to 2030) |
| Largest segment | Alcohols |
| Fastest growing segment | Organic Acids |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Alcohols, Enzymes, Organic Acids |
| Key market players worldwide | Basf SE, Novonesis AS ADR, DuPont de Nemours Inc, DSM, Amano Corp, ABF Ingredients, HansenGroup, Dow Inc, Evonik Industries AG, Cargill, Ajinomoto Co Inc, Archer-Daniels Midland Co |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 28.0% of the global fermentation chemicals market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 36,451.1 million by 2030.
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Fermentation Chemicals Market Scope
Fermentation Chemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 52.67% in 2023. Horizon Databook has segmented the Asia Pacific fermentation chemicals market based on alcohols, enzymes, organic acids covering the revenue growth of each sub-segment from 2018 to 2030.
Key manufacturing countries in the region are India, Japan, and China. China is widely recognized as the global manufacturing leader. Increasing population coupled with rising per capita disposable incomes is expected to drive the demand for fermentation chemicals in the region.
Growing population in countries such as India and China coupled with rising income levels and purchasing power parity has led to the high demand for the above-mentioned products.
In addition, the rapidly growing number of food & beverage start-ups, especially in India, is projected to boost the demand for fermentation chemicals in several industries over the forecast period.
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Target buyers of Asia Pacific fermentation chemicals market databook
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Our clientele includes a mix of fermentation chemicals market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific fermentation chemicals market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific fermentation chemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific fermentation chemicals market size, by country, 2018-2030 (US$M)
Asia Pacific Fermentation Chemicals Market Outlook Share, 2023 & 2030 (US$M)
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