COVID-19 Impacts: Fermentation Chemicals Market Will Accelerate at a CAGR of About 6% Through 2020-2024 | Increased Usage of Organic Acids in Cosmetics and Personal Care Products to Boost Growth | Technavio
Technavio has been monitoring the fermentation chemicals market and it is poised to grow by $ 26.38 bn during 2020-2024, progressing at a CAGR of 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Ajinomoto Co. Inc., Archer Daniels Midland Co., Associated British Foods Plc, BASF SE, Cargill Inc., Chr. Hansen Holding AS, Daesang Corp., Evonik Industries AG, Koninklijke DSM NV, and Novozymes AS are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Increased usage of organic acids in cosmetics and personal care products has been instrumental in driving the growth of the market. However, health issues due to increased alcohol consumption might hamper the market growth.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our fermentation chemicals market report covers the following areas:
Fermentation Chemicals Market size
Fermentation Chemicals Market trends
Fermentation Chemicals Market industry analysis
This study identifies the growth of pharmaceutical and nutritional industry as one of the prime reasons driving the fermentation chemicals market growth during the next few years.
We provide a detailed analysis of around 25 vendors operating in the fermentation chemicals market, including some of the vendors such as Ajinomoto Co. Inc., Archer Daniels Midland Co., Associated British Foods Plc, BASF SE, Cargill Inc., Chr. Hansen Holding AS, Daesang Corp., Evonik Industries AG, Koninklijke DSM NV, and Novozymes AS Backed with competitive intelligence and benchmarking, our research reports on the fermentation chemicals market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist fermentation chemicals market growth during the next five years
Estimation of the fermentation chemicals market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the fermentation chemicals market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of fermentation chemicals market vendors
Table Of Contents :
Executive Summary
Market Overview
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by Product
Market segments
Comparison by Product
Alcohol - Market size and forecast 2019-2024
Organic acid - Market size and forecast 2019-2024
Enzymes - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by Product
Market Segmentation by Application
Market segments
Comparison by Application
Industrial - Market size and forecast 2019-2024
Food and beverages - Market size and forecast 2019-2024
Pharmaceutical and nutritional - Market size and forecast 2019-2024
Plastic and fibers - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by Application
Customer Landscape
Overview
Geographic Landscape
Geographic segmentation
Geographic comparison
North America - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Drivers, Challenges, and Trends
Market drivers
Volume driver - Demand led growth
Volume driver - Supply led growth
Volume driver - External factors
Volume driver - Demand shift in adjacent markets
Price driver - Inflation
Price driver - Shift from lower to higher priced units
Market challenges
Market trends
Vendor Landscape
Overview
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
Ajinomoto Co. Inc.
Archer Daniels Midland Co.
Associated British Foods Plc
BASF SE
Cargill Inc.
Chr. Hansen Holding A/S
Daesang Corp.
Evonik Industries AG
Koninklijke DSM NV
Novozymes AS
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
About Us
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