Fermentation Chemicals Market Size

Statistics for the 2023 & 2024 Fermentation Chemicals market size, created by Mordor Intelligence™ Industry Reports. Fermentation Chemicals size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Fermentation Chemicals Industry

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Fermentation Chemicals Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 194.04 Billion
Market Size (2029) USD 242.98 Billion
CAGR (2024 - 2029) 4.60 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Fermentation Chemicals Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Fermentation Chemicals Market Analysis

The Fermentation Chemicals Market size is estimated at USD 194.04 billion in 2024, and is expected to reach USD 242.98 billion by 2029, growing at a CAGR of 4.60% during the forecast period (2024-2029).

The COVID-19 pandemic negatively impacted the fermentation chemicals market. However, the market recovered significantly in 2021.

  • Over the short term, the growing demand from the methanol and ethanol industry and increasing demand from the pharmaceutical industry are major factors driving the studied market's growth.
  • However, high costs due to the complexity involved in the manufacturing process are likely to restrain the growth of the studied market.
  • Nevertheless, growing green chemistry opportunities will likely create lucrative growth opportunities for the global market soon.
  • The North American region dominates the fermentation chemicals market, with the largest consumption coming from countries like the United States, Canada, and Mexico.

Fermentation Chemicals Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)