FOR IMMEDIATE RELEASE
June 15, 2009
Additional Reports
Global MARKET FOR FERMENTATION INGREDIENTS TO BE WORTH $22.3 BILLION IN 2013
Wellesley, Mass. – According to a new technical market research report, WORLD MARKETS FOR FERMENTATION INGREDIENTS (FOD020C), the global market for fermentation products was nearly $16 billion in 2008, and is expected to increase to $22.4 billion by the end of 2013, for a compound annual growth rate (CAGR) of 7%.
The amino acids segment has the largest share of the market at $5.4 billion in 2008, and an expected increase by 2013 to more than $7.8 billion, for a CAGR of 7.6%.
The market for industrial enzymes was the second-largest segment at $3.8 billion in 2008, with an expected rise to $4.9 billion in 2013, for a CAGR of 8.9%.
This report is an update of World Markets for Fermentation Ingredients (FOD020B), published in 2005.
During the past four years, substantial changes of the industry setup have taken place. The most important products manufactured by fermentation are still the same -- crude antibiotics, organic acids, amino acids, enzymes, vitamins, polysaccharides, and carotenoids. For virtually all of these categories, markets expanded strongly, but the production landscape changed massively.
The market value of crude-fermentation-derived antibiotics is estimated at $1.8 billion for the year 2008. This value is much less than the estimates of many analysts as it refers to the actual trade value of crude products and is supposed to reflect reality more accurately. Consumption increased by more than 10% per year during the past five years, but prices, after some erratic movements in 2006 and 2007, are back to the standard low levels. In contrast to expectations, expansion of consumption took place primarily in the veterinary and in-feed sectors.
The report reviews the global fermentation industry with emphasis on major fermentation-derived products used in food, feed, pharmaceutical, and technical applications. It provides the most up-to-date information on quantities manufactured, prices and market value developments, and on industry structures. It enables the reader to understand the industry in general, provides in particular insight into the inter-relationship between the ethanol and other carbohydrate-using industries.
Source: BCC Research
World Markets for Fermentation Ingredients( FOD020C )
Target Date: June 2009 Price: $4850.00
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC, 49 Walnut Park, Building 2, Wellesley, MA 02481, Telephone: 866-285-7215; Email: editor@bccresearch.com as the source and publisher, along with report number, which can be found in the first paragraph of this release. Thank you.
