In China, 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.