North America Fermentation Chemicals Market Size & Outlook
North America fermentation chemicals market, 2018-2030 (US$M)
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North America fermentation chemicals market highlights
- The North America fermentation chemicals market generated a revenue of USD 25,560.3 million in 2023.
- The market is expected to grow at a CAGR of 6.7% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 25,560.3 million |
| Market revenue in 2030 | USD 40,186.9 million |
| Growth rate | 6.7% (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, North America region accounted for 34.1% 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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North 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 56% in 2023. Horizon Databook has segmented the North America fermentation chemicals market based on alcohols, enzymes, organic acids covering the revenue growth of each sub-segment from 2018 to 2030.
The consumption of fermentation chemicals in food & beverage, pharmaceutical, and industrial applications is more prevalent in developed countries. This trend is expected to continue and pave the way for market growth in North America over the coming years.
This is attributed to the increasing aging population and rising cases of noncommunicable diseases such as cardiovascular diseases, chronic respiratory diseases, cancer, and diabetes, which is anticipated to fuel the demand for pharmaceutical products in the region.
This, in turn, is spurring the demand for fermentation chemicals. Moreover, the outbreak of COVID-19 has surged the demand for antiviral drugs to treat the affected patients and vaccines, which is expected to drive the demand for fermentation chemicals in North America.
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Target buyers of North 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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Horizon Databook provides a detailed overview of continent-level data and insights on the North America fermentation chemicals market , including forecasts for subscribers. This continent databook contains high-level insights into North America fermentation chemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America fermentation chemicals market size, by country, 2018-2030 (US$M)
North America Fermentation Chemicals Market Outlook Share, 2023 & 2030 (US$M)
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