Latin America Fermentation Chemicals Market Size & Outlook
Latin America fermentation chemicals market, 2018-2030 (US$M)
Related Markets
Latin America fermentation chemicals market highlights
- The Latin America fermentation chemicals market generated a revenue of USD 3,727.5 million in 2023.
- The market is expected to grow at a CAGR of 6.4% 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.
Latin America data book summary
| Market revenue in 2023 | USD 3,727.5 million |
| Market revenue in 2030 | USD 5,754.8 million |
| Growth rate | 6.4% (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, Latin America region accounted for 5.0% 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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Latin America 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 55.06% in 2023. Horizon Databook has segmented the Latin America fermentation chemicals market based on alcohols, enzymes, organic acids covering the revenue growth of each sub-segment from 2018 to 2030.
The region is expected to witness high consumption of food & beverage products such as carbonated drinks, alcoholic beverages, processed food that are manufactured using fermentation chemicals. This is attributed to favorable regulation and shifting consumer eating habits.
Increasing presence of middle and high-income consumers and steady economic growth in countries such as Argentina, Brazil, Peru, Chile, and others are positively affecting food & beverage industry in the region.
This has led to the increased demand for high-end value-added products such as carbonated drinks, desserts, bakery products, and others. In addition, rising health concerns are anticipated to boost the demand for nutritional food, in turn, impacting the fermentation chemicals market positively.
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Target buyers of Latin America 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America fermentation chemicals market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America fermentation chemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America fermentation chemicals market
Latin America Fermentation Chemicals Market Outlook Share, 2023 & 2030 (US$M)
Latin America fermentation chemicals market
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