The global market for fermentation-derived products is expected to reach $35.1 billion in 2020
(PRWEB) August 18, 2015
Wellesley, Mass., August 18, 2015 – The growth of the bio-ethanol industry and China’s weakening dominance in the fermentation industry have affected the global market for fermentation-derived products. BCC Research reveals in its new report that these and other changes have led to higher than expected production levels in the industry.
The global market for fermentation-derived products is expected to increase from nearly $24.3 billion in 2015 to $35.1 billion in 2020, reflecting a five-year compound annual growth rate (CAGR) of 7.7%. Industrial enzymes saw strongest growth in technical applications like the fermentation of bio-ethanol, but significant growth continued in other segments, too. Total market value for industrial enzymes should exceed $6 billion in 2015, with main markets located in Europe and North America. The market value for xanthan should reach about $665 million in 2015, resulting from strong consumption in the food and oil drilling industries.
This report categorizes and describes the main fermentation products, reviews industry developments, estimates current volumes produced and consumed, and considers price trends and industry structure.
The development of the global bio-ethanol industry and the change of economic conditions in China continue to affect the market significantly. Bio-ethanol came on the market as an additional demand driver for the typical fermentation feedstock, according to BCC Research analyst Melissa Elder.
“Shortages of starches and of sugars developed and led to high carbohydrate prices, triggering price increases across all fermentation-derived products and fostering consolidation among manufacturers,” says Elder. “China lost its self-sufficiency in grains and in carbohydrates and the Chinese fermentation industry started to purchase feedstock from the global markets at standard prices. As energy prices increased drastically and environmental protection laws started becoming more enforced, the competitiveness of the Chinese fermentation industry in comparison with Western companies suffered and many smaller producers exited the marketplace.”
World Markets for Fermentation Ingredients (FOD020D) examines the global markets for fermentation ingredients with emphasis on major fermentation-derived products used in food, feed, pharmaceutical and technical applications. The report includes forecasted trends and revenue through 2019.
Editors and reporters who wish to speak with the analyst should contact Steven Cumming at email@example.com.
About BCC Research
BCC Research publishes market research reports that make organizations worldwide more profitable with intelligence that drives smart business decisions. These reports cover today's major industrial and technology sectors, including emerging markets. For more than 40 years we've helped customers identify new market opportunities with accurate and reliable data and insight, including market sizing, forecasting, industry overviews, and identification of significant trends and key market participants. We partner with analysts who are experts in specific areas of industry and technology, providing unbiased measurements and assessments of global markets. Recently selected as the world’s greatest market research company, BCC Research is a unit of Eli Global, LLC. Visit our website at http://www.bccresearch.com. Contact us: (+1) 781-489-7301 (U.S. Eastern Time), or email firstname.lastname@example.org.