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World Markets for Fermentation Ingredients

  • August 2015
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  • BCC Research
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  • 174 pages

Use this report to:
- Learn about the global fermentation industry with emphasis on major fermentation-derived products used in food, feed, pharmaceutical and technical applications.
- Focus on the latest developments in major fermentation-derived products, with detail description of each individual product, industry developments, estimates of volume produced and consumed, and finally price trends and industry structure.
- Receive analysis of carbohydrate demand by product and production site, and benchmarking demand with carbohydrate availability, and to identify future regions for which raw material supply might become stressed.
- Identify the most important companies that are active in the fermentation processes and their strategies for the future.

Highlights
- The global market for fermentation-derived products is expected to increase from nearly $24.3 billion in 2015 to $35.1 billion in 2020, with a compound annual growth rate (CAGR) of 7.7% from 2015 to 2020.
- The fermentation-derived amino acid market is expected to increase from $8.9 billion in 2015 to $12.6 billion in 2020, with a CAGR of 7.3%.
- The global market value of fermentation-derived industrial enzymes is estimated at $6.3 billion in 2015. This category is expected to reach nearly $10.6 billion in 2020, with a CAGR of 10.8% from 2015 to 2020.

Introduction & Scope

INTRODUCTION

STUDY GOALS AND OBJECTIVES
The number of products developed by a fermentation process has increased more than what many industry developers had anticipated over a decade ago. The market has experienced significant fluctuations in pricing, has undergone wide variations in consolidation and product development, and is highly susceptible to a variety of factors, including the agricultural industry, food preferences and resulting consumption, bio-ethanol development and other macro-economic indicators such as disposable incomes, Gross Domestic Product (GDP) and socioeconomic trends. Two of the most important factors that have influenced the fermentation industry landscape over the past decade are the development of the global bio-ethanol industry and the change of economic conditions in China. Bio-ethanol came on the market as an additional demand driver for the typical fermentation feedstock. 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.

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. For some fermentation products, only one or two manufacturers still have a strong presence. While such general developments affected virtually all product categories, particular dynamics affected specific sections of the industry. The basic building blocks for a number of crude antibiotics are still manufactured by fermentation. The demand for antibiotics is still high and growing not only because of human consumption but also because of use in animal feeds. In several countries there is a ban on the prophylactic use of antibiotics in animal feed products.

The organic acid market has been focused on the development of new fermentation-derived products, such as succinic acid. Several companies have made structural changes internally to offer this product; while other companies have engaged in strategic partnerships to grab a piece of the market. Lactic acid has developed into one of the most stable products with healthy growth, as it is the starting material for polylactic acid (PLA), a polymer thought to have the potential to replace petroleum-derived plastic products soon and in large scale. As a direct effect of the increasing demand for cereals used in bio-ethanol programs, farmers planted, on a large scale, corn instead of soybeans. The decreased supply of soybeans and cakes caused their prices to soar. Synthetic amino acids as substitutes for plant protein saw a strong revival, and lysine, threonine and tryptophan profited. Prices for such products came down again by the mid-2000s and since then consumption has remained relatively steady. L-Lysine consumption now exceeds 2.2 million metric tons.

Enzymes, as typical chemical intermediates, continued to enjoy high popularity across all types. Whether in applications such as food, textile, leather or detergents, their use developed at moderate rates, while demand was skyrocketing in applications relevant for bio-ethanol production, for increasing feeding efficiencies, or for cellulose and hemi-cellulose cracking. Over the past decade, phytase, an enzyme used for decomposing phytin-phosphate of plants, has enjoyed high demand and attractive market conditions. Leading enzyme producers have made heavy investments in the development of enzyme cocktails that are able to break down hemi-cellulose and woody material for use in bio-refineries. Novozymes, Danisco A/S and DSM dominate the industry. Polysaccharides such as xanthan still enjoy popularity in all their applications, such as food thickening and oil drilling. It was once thought that China would be a high-production country for xanthan, but, despite some key players in the industry being based there, Western producers lead the world market.

Ascorbic acid is still the main vitamin derived from fermentation and was one of the products for which prices decreased so much during the early 2000s that even a number of Chinese manufacturers exited the market. Now, vitamin C prices are back to about $10 per kg, and the consolidated market environment has yielded high margins for participants. Similarly, riboflavin saw an extreme price peak during the mid-2000s.
Prices have since become more reasonable and have stabilized. Due to technical and marketing reasons, carotenoids produced by fermentation have not developed into serious competition for synthetic carotenes. Market development of fermentation derived-carotenoids has been largely disappointing for producers. This report focuses on the latest developments in major fermentation-derived products. It explains why the markets developed as they did, and extrapolates data, although it has to be realized that any kind of prediction may be variable in light of erratically changing macro-economic conditions all over the world.

REASONS FOR DOING THE STUDY
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 industry structures. It enables the reader to understand the industry in general, while also providing insight into the inter-relationship between the ethanol- and other carbohydrate-using industries.

INTENDED AUDIENCE
The report is designed to assist decision-makers in the fermentation industry by providing background information to be considered in capacity expansions, when entering into or exiting from the business of fermentation products and ingredients. It should also support selection of sites and of manufacturing processes for future plants. In view of the dynamics of the global carbohydrate markets and constantly changing
economic framework conditions for fermentation products, the determination of the most appropriate production site for specific products becomes increasingly important.

SCOPE AND FORMAT OF THE REPORT
After categorizing the main fermentation products, the report describes each individual product, reviews industry developments, makes estimates of current volumes produced and consumed, and finally considers price trends and industry structure. Building on carbohydrate conversion rates and production sites, the demand for carbohydrates is estimated for specific regions and contrasted with availability. Those
regions and products that may experience tighter production due to restrained raw materials are identified.

This report does not cover every industrial product that is fermented. Most of the products covered in this report have been in the market for years, but the examples of astaxanthin and beta-carotene demonstrate how difficult it is to introduce such products with sustainability. Few recently introduced industrial fermentation products have become mainstream practices, and many new products ultimately disappear.
The report concludes with a review of the most important companies that are active in the fermentation processes.

METHODOLOGY AND INFORMATION SOURCES
Data for this study were collected using both primary and secondary data research techniques. Literature searches of various sources, including scientific, medical and business publications and databases, were conducted. On-line databases and government sources were consulted as well. Extensive interviews with industry personnel, scientists, professional and trade organizations, government agency
personnel, observers, scientists and industry professionals were conducted. The collected data were analyzed to determine specific findings and forecasts. Once these forecasts were obtained, they were validated with help from industry experts. Since some segments of this report are not routinely measured, BCC Research derived estimates from a variety of analogous sources.

Specifically, the methodology applied in this report is based on:
- Major industry developments per product group.
- Analyzing volumes, prices and market value trends.
- Profiling changes in the industry structure, and contrasting actual production with installed capacities.
- Providing market outlooks through 2020.
- Estimating carbohydrate demand by product and production site, and benchmarking demand with carbohydrate availability, identifying future regions for which raw material supply might become stressed.
- Estimating food production trends, output vs. demand.
- Synoptic review of major players in the fermentation industry and their strategies for the future.

There is abundant information on virtually all fermentation products available. However, most of it does not show the inter-relationship between technology, market developments, strategies of producers and, in particular, raw material supply. Understanding such inter-relationships is essential in comprehending the future development of the industry. BCC Research authors have explored this market in-depth
in previous reports and continue to closely follow the market and its trends, providing the basis for value in this edition. All market data pertain to the global market at the bulk wholesale level. Data are
expressed in current U.S. dollars. The base year of the report is 2015 and forecast data are provided for 2020.

Table Of Contents

World Markets for Fermentation Ingredients
TABLE OF CONTENTS
CHAPTER 1 INTRODUCTION 2
STUDY GOALS AND OBJECTIVES 2
REASONS FOR DOING THE STUDY 3
INTENDED AUDIENCE 3
SCOPE AND FORMAT OF THE REPORT 4
METHODOLOGY AND INFORMATION SOURCES 4
ANALYST'S CREDENTIALS 5
RELATED BCC RESEARCH REPORTS 5
BCC RESEARCH WEBSITE 6
DISCLAIMER 6
CHAPTER 2 SUMMARY 8
OVERVIEW 8
SUMMARY TABLE GLOBAL MARKET FOR FERMENTATION-DERIVED PRODUCTS,
THROUGH 2020 ($ MILLIONS) 9
SUMMARY FIGURE GLOBAL MARKET FOR FERMENTATION-DERIVED PRODUCTS,
2015 AND 2020 ($ MILLIONS) 9
CHAPTER 3 INDUSTRY OVERVIEW AND MARKET INFLUENCES 12
OVERVIEW OF MAIN FERMENTATION CATEGORIES AND PRODUCTS 12
FIGURE 1 CATEGORIZATION OF INDUSTRIAL FERMENTATION PRODUCTS 13
CONVERSION RATES AND GLOBAL CARBOHYDRATE DEMAND 13
TABLE 1 TYPICAL CARBOHYDRATE CONVERSION RATES FOR FERMENTATION
PRODUCTS (%) 14
AVAILABILITY OF CARBOHYDRATES 15
SUGARS 15
MOLASSES 15
HYDROLYZED STARCHES 15
TABLE 2 STARCH CONTENT OF DIFFERENT GRAINS AND TUBERS (%) 16
FIGURE 2 UTILIZATION RATIO FOR CEREALS, 1970-2015 (%) 16
FIGURE 3 GLOBAL PRICE OF WHEAT AND CORN, 1991-2015 ($/METRIC TON) 17
POPULATION GROWTH 18
TABLE 3 GLOBAL POPULATION BY COUNTRY, THROUGH 2015 (MILLIONS) 19
FIGURE 4 GLOBAL POPULATION BY COUNTRY, 2010 AND 2015 (MILLIONS) 19
ECONOMIC TRENDS 20
CONSUMER PRICE INDEX - GROWTH 20
TABLE 4 CONSUMER PRICE INDEX, GROWTH RATE BY COUNTRY, 2013-2014 (%) 20
MANUFACTURING ACTIVITIES BY COUNTRY 20
TABLE 5 MAJOR MANUFACTURING ACTIVITIES BY COUNTRY 21
MEAT CONSUMPTION 21
TABLE 6 MEAT CONSUMPTION (BEEF AND VEAL) BY COUNTRY, 2000-2020 (KG PER
CAPITA) 22
TABLE 7 MEAT CONSUMPTION (PORK) BY COUNTRY, 2000-2020 (KG PER CAPITA) 23
TABLE 8 MEAT CONSUMPTION (POULTRY) BY COUNTRY, 2000-2020 (KG PER
CAPITA) 24
TABLE 9 MEAT CONSUMPTION (SHEEP) BY COUNTRY, 2000-2020 (KG PER CAPITA) 26
CROP PRODUCTION 27
TABLE 10 CROP PRODUCTION (WHEAT) BY COUNTRY, 2000-2020 (THOUSAND
TONS) 28
TABLE 11 CROP PRODUCTION (COARSE GRAINS) BY COUNTRY, 2000-2020
(THOUSAND TONS) 29
TABLE 12 CROP PRODUCTION (RICE) BY COUNTRY, 2000-2020 (THOUSAND TONS) 30
TABLE 13 CROP PRODUCTION (OILSEED) BY COUNTRY, 2000-2020 (THOUSAND
TONS) 31
CROP CONSUMPTION 33
TABLE 14 WHEAT CONSUMPTION BY COUNTRY/REGION, THROUGH 2015
(THOUSAND TONS) 33
TABLE 15 CORN CONSUMPTION BY COUNTRY/REGION, THROUGH 2015
(THOUSAND TONS) 34
CHAPTER 4 GLOBAL MARKET FOR FERMENTATION OF CRUDE ANTIBIOTICS 36
SEGMENT OVERVIEW 36
FIGURE 5 CATEGORIZATION OF ANTIMICROBIAL PRODUCTS 37
INDUSTRY DEVELOPMENTS 37
CRUDE ANTIBIOTIC USE IN ANIMAL PRODUCTION 38
Losing Livestock 38
Therapeutic Use 38
TABLE 16 LIST OF APPROVED ANTIBIOTICS/ANTIMICROBIALS USED IN FEED
PRODUCTS IN THE U.S., 2015 39
Resistance 40
TABLE 17 ANTIMICROBIAL DRUG CLASS AND SALES, 2010 AND 2012 41
Microbial Ecology 42
Levels of Contaminated Meats in the U.S. 42
Movement for Fewer Antibiotics in Livestock Production 42
GLOBAL CONSUMPTION OF CRUDE ANTIBIOTICS 43
TABLE 18 GLOBAL CONSUMPTION OF CRUDE ANTIBIOTICS BY REGION, 2015
(THOUSAND METRIC TONS) 43
PRICING CONSIDERATIONS 43
INDUSTRY STRUCTURE 44
CRUDE ANTIBIOTICS MARKET SUMMARY 44
MARKETS BY APPLICATION 44
TABLE 19 GLOBAL MARKET FOR CRUDE ANTIBIOTICS BY APPLICATION, THROUGH
2020 ($ MILLIONS) 45
FIGURE 6 GLOBAL MARKET FOR CRUDE ANTIBIOTICS BY APPLICATION, 2013-2020
($ MILLIONS) 45
FIGURE 7 GLOBAL MARKET SHARE OF CRUDE ANTIBIOTICS BY APPLICATION, 2015
(%) 46
MARKETS BY REGION 46
TABLE 20 GLOBAL MARKET FOR CRUDE ANTIBIOTICS BY REGION, THROUGH 2020
($ MILLIONS) 47
FIGURE 8 GLOBAL MARKET FOR CRUDE ANTIBIOTICS BY REGION, 2013-2020 ($
MILLIONS) 47
COMPETITIVE SUMMARY 47
FIGURE 9 GLOBAL MARKET SHARE OF MAJOR CRUDE ANTIBIOTICS PRODUCERS,
2015 (%) 47
CHAPTER 5 GLOBAL MARKET FOR FERMENTATION OF ORGANIC ACIDS 50
SEGMENT OVERVIEW 50
CITRIC ACID 50
Industry Developments 50
Global Consumption: Citric Acid 51
TABLE 21 GLOBAL CONSUMPTION OF CITRIC ACID, THROUGH 2020 (THOUSAND
METRIC TONS) 51
TABLE 22 GLOBAL CONSUMPTION OF CITRIC ACID BY REGION, THROUGH 2020
(THOUSAND METRIC TONS) 51
FIGURE 10 GLOBAL CONSUMPTION SHARE OF CITRIC ACID BY REGION, 2015 (%) 51
Pricing Considerations 52
TABLE 23 GLOBAL PRICE OF CITRIC ACID, THROUGH 2020 ($/KG) 53
Industry Structure 53
Market Summary 53
Markets by Application 53
TABLE 24 GLOBAL MARKET FOR CITRIC ACID BY APPLICATION, THROUGH 2020 ($
MILLIONS) 54
FIGURE 11 GLOBAL MARKET FOR CITRIC ACID BY APPLICATION, 2015 AND 2020 ($
MILLIONS) 54
FIGURE 12 GLOBAL MARKET SHARE OF CITRIC ACID BY APPLICATION, 2015 (%) 55
Markets by Region 55
TABLE 25 GLOBAL MARKET FOR CITRIC ACID BY REGION, THROUGH 2020 ($
MILLIONS) 56
FIGURE 13 GLOBAL MARKET FOR CITRIC ACID BY REGION, 2013-2020 ($ MILLIONS) 56
GLUCONIC ACID 56
Industry Developments 57
Global Consumption: Gluconic Acid 57
TABLE 26 GLOBAL CONSUMPTION OF GLUCONIC ACID, THROUGH 2020
(THOUSAND METRIC TONS) 57
TABLE 27 GLOBAL CONSUMPTION OF GLUCONIC ACID BY REGION, THROUGH 2020
(THOUSAND METRIC TONS) 58
FIGURE 14 GLOBAL CONSUMPTION SHARE OF GLUCONIC ACID BY REGION, 2015
(%) 58
Pricing Considerations 59
Industry Structure and Competitive Landscape 59
Market Summary 59
Markets by Application 59
TABLE 28 GLOBAL MARKET FOR GLUCONIC ACID BY APPLICATION, 2015 ($
MILLIONS) 60
FIGURE 15 GLOBAL MARKET FOR GLUCONIC ACID BY APPLICATION, 2015 ($
MILLIONS) 60
FIGURE 16 GLOBAL MARKET SHARE OF GLUCONIC ACID BY APPLICATION, 2015 (%) 60
Markets by Region 61
TABLE 29 GLOBAL MARKET FOR GLUCONIC ACID BY REGION, THROUGH 2020 ($
MILLIONS) 61
FIGURE 17 GLOBAL MARKET FOR GLUCONIC ACID BY REGION, 2013-2020 ($
MILLIONS) 61
LACTIC ACID 62
Industry Developments 62
Global Consumption: Lactic Acid 63
TABLE 30 GLOBAL CONSUMPTION OF LACTIC ACID, THROUGH 2020 (THOUSAND
METRIC TONS) 63
TABLE 31 GLOBAL CONSUMPTION OF LACTIC ACID BY REGION, THROUGH 2020
(THOUSAND METRIC TONS) 64
FIGURE 18 GLOBAL CONSUMPTION SHARE OF LACTIC ACID BY REGION, 2015 (%) 64
Pricing Considerations 65
Industry Structure 65
Market Summary 65
Markets by Application 66
TABLE 32 GLOBAL MARKET FOR LACTIC ACID BY APPLICATION, THROUGH 2020 ($
MILLIONS) 66
FIGURE 19 GLOBAL MARKET FOR LACTIC ACID BY APPLICATION, 2015 AND 2020 ($
MILLIONS) 66
FIGURE 20 GLOBAL MARKET SHARE OF LACTIC ACID BY APPLICATION, 2015 (%) 66
Markets by Region 67
TABLE 33 GLOBAL MARKET FOR LACTIC ACID BY REGION, THROUGH 2020 ($
MILLIONS) 68
FIGURE 21 GLOBAL MARKET FOR LACTIC ACID BY REGION, 2013-2020 ($ MILLIONS) 68
ITACONIC ACID 68
Industry Developments 69
Global Consumption: Itaconic Acid 69
TABLE 34 GLOBAL CONSUMPTION OF ITACONIC ACID, THROUGH 2020 (THOUSAND
METRIC TONS) 69
Pricing Considerations 70
TABLE 35 GLOBAL PRICE OF ITACONIC ACID, THROUGH 2020 ($/KG) 70
Industry Structure 70
Market Summary 70
TABLE 36 GLOBAL MARKET FOR ITACONIC ACID, THROUGH 2020 ($ MILLIONS) 71
FIGURE 22 GLOBAL MARKET FOR ITACONIC ACID, 2013-2020 ($ MILLIONS) 71
SUCCINIC ACID 71
Industry Developments 72
Global Consumption: Succinic Acid 72
TABLE 37 GLOBAL CONSUMPTION OF SUCCINIC ACID, THROUGH 2020 (THOUSAND
METRIC TONS) 72
Pricing Considerations 72
Industry Structure 73
Market Summary 73
TABLE 38 GLOBAL MARKET FOR SUCCINIC ACID, THROUGH 2020 ($ MILLIONS) 73
FIGURE 23 GLOBAL MARKET FOR SUCCINIC ACID, 2013-2020 ($ MILLIONS) 73
OTHER PRODUCTS 74
Fumaric Acid 74
Maleic Acid 74
Propanediol 74
FERMENTED ORGANIC ACIDS MARKET SUMMARY 75
MARKETS BY PRODUCT TYPE 75
TABLE 39 GLOBAL MARKET FOR FERMENTATION-DERIVED ORGANIC ACIDS BY
PRODUCT TYPE, THROUGH 2020 ($ MILLIONS) 75
FIGURE 24 GLOBAL MARKET FOR FERMENTATION-DERIVED ORGANIC ACIDS BY
PRODUCT TYPE, 2013-2020 ($ MILLIONS) 75
FIGURE 25 GLOBAL MARKET SHARE OF FERMENTATION-DERIVED ORGANIC ACIDS
BY PRODUCT TYPE, 2015 (%) 76
MARKETS BY REGION 76
TABLE 40 GLOBAL MARKET FOR FERMENTATION-DERIVED ORGANIC ACIDS BY
REGION, THROUGH 2020 ($ MILLIONS) 77
FIGURE 26 GLOBAL MARKET FOR FERMENTATION-DERIVED ORGANIC ACIDS BY
REGION, 2013-2020 ($ MILLIONS) 77
COMPETITIVE SUMMARY 78
FIGURE 27 GLOBAL MARKET SHARE OF FERMENTATION-DERIVED ORGANIC ACID
BY PRODUCER, 2015 (%) 78
CHAPTER 6 GLOBAL MARKET FOR FERMENTATION OF AMINO ACIDS 80
SEGMENT OVERVIEW 80
L-LYSINE 80
Industry Developments 80
Global Consumption: L-Lysine 81
TABLE 41 GLOBAL CONSUMPTION OF L-LYSINE (AS HCL), THROUGH 2020
(THOUSAND METRIC TONS) 81
TABLE 42 GLOBAL CONSUMPTION OF L-LYSINE (AS HCL) BY REGION, THROUGH
2020 (THOUSAND METRIC TONS) 82
FIGURE 28 GLOBAL CONSUMPTION SHARE OF L-LYSINE (AS HCL) BY REGION, 2015
(%) 82
Pricing Considerations 83
TABLE 43 GLOBAL PRICES OF L-LYSINE (AS HCL), THROUGH 2020 ($/KG) 83
Industry Structure 83
Market Summary 84
Markets by Application 84
TABLE 44 GLOBAL MARKET FOR L-LYSINE (AS HCL) BY APPLICATION, THROUGH
2020 ($ MILLIONS) 84
FIGURE 29 GLOBAL MARKET FOR L-LYSINE (AS HCL) BY APPLICATION, 2013-2020
($ MILLIONS) 85
FIGURE 30 GLOBAL MARKET SHARE OF L-LYSINE (AS HCL) BY APPLICATION, 2015
(%) 85
Markets by Region 86
TABLE 45 GLOBAL MARKET FOR L-LYSINE (AS HCL) BY REGION, THROUGH 2020 ($
MILLIONS) 86
FIGURE 31 GLOBAL MARKET FOR L-LYSINE (AS HCL) BY REGION, 2013-2020 ($
MILLIONS) 86
L-THREONINE 87
Industry Developments 87
Global Consumption: L-Threonine 87
TABLE 46 GLOBAL CONSUMPTION OF L-THREONINE, THROUGH 2020 (THOUSAND
METRIC TONS) 87
TABLE 47 GLOBAL CONSUMPTION OF L-THREONINE BY REGION, THROUGH 2020
(THOUSAND METRIC TONS) 88
FIGURE 32 GLOBAL CONSUMPTION SHARE OF L-THREONINE BY REGION, 2015 (%) 88
Pricing Considerations 89
TABLE 48 GLOBAL PRICE OF L-THREONINE, THROUGH 2020 ($/KG) 89
Industry Structure 89
Market Summary 89
Markets by Application 90
TABLE 49 GLOBAL MARKET FOR L-THREONINE BY APPLICATION, THROUGH 2020 ($
MILLIONS) 90
FIGURE 33 GLOBAL MARKET FOR L-THREONINE BY APPLICATION, 2013-2020 ($
MILLIONS) 90
FIGURE 34 GLOBAL MARKET SHARE OF L-THREONINE BY APPLICATION, 2015 (%) 90
Markets by Region 91
TABLE 50 GLOBAL MARKET FOR L-THREONINE BY REGION, THROUGH 2020 ($
MILLIONS) 92
FIGURE 35 GLOBAL MARKET FOR L-THREONINE BY REGION, 2013-2020 ($
MILLIONS) 92
TRYPTOPHAN 92
Industry Developments 93
Global Consumption: Tryptophan 93
TABLE 51 GLOBAL CONSUMPTION OF TRYPTOPHAN, THROUGH 2020 (METRIC
TONS) 93
TABLE 52 GLOBAL CONSUMPTION OF TRYPTOPHAN BY REGION, THROUGH 2020
(METRIC TONS) 94
FIGURE 36 GLOBAL CONSUMPTION SHARE OF TRYPTOPHAN BY REGION, 2015 (%) 94
Pricing Considerations 95
TABLE 53 GLOBAL PRICE OF TRYPTOPHAN, THROUGH 2020 ($/KG) 95
Industry Structure 95
Market Summary 95
Markets by Application 95
TABLE 54 GLOBAL MARKET FOR TRYPTOPHANE BY APPLICATION, THROUGH 2020
($ MILLIONS) 96
FIGURE 37 GLOBAL MARKET FOR TRYPTOPHANE BY APPLICATION, 2015 AND 2020
($ MILLIONS) 96
FIGURE 38 GLOBAL MARKET SHARE OF TRYPTOPHANE BY APPLICATION, 2015 (%) 97
Markets by Region 97
TABLE 55 GLOBAL MARKET FOR TRYPTOPHAN BY REGION, THROUGH 2020 ($
MILLIONS) 98
FIGURE 39 GLOBAL MARKET FOR TRYPTOPHAN BY REGION, 2015 AND 2020 ($
MILLIONS) 98
MONOSODIUM GLUTAMATE 98
Industry Developments 99
Global Consumption: MSG 99
TABLE 56 GLOBAL CONSUMPTION FOR MSG, THROUGH 2020 (MILLION METRIC
TONS) 99
TABLE 57 GLOBAL MSG CONSUMPTION BY REGION, THROUGH 2020 (MILLION
METRIC TONS) 100
FIGURE 40 GLOBAL MSG CONSUMPTION SHARE BY REGION, 2015 AND 2020 (%) 100
Pricing Considerations 101
Industry Structure 101
Market Summary 101
Markets by Region 101
TABLE 58 GLOBAL MARKET FOR MSG BY REGION, THROUGH 2020 ($ MILLIONS) 102
FIGURE 41 GLOBAL MARKET FOR MSG BY REGION, 2015 AND 2020 ($ MILLIONS) 102
OTHER SEGMENTS 103
Methionine 103
Valine 103
FERMENTATION-DERIVED AMINO ACIDS MARKET SUMMARY 103
MARKETS BY PRODUCT TYPE 103
TABLE 59 GLOBAL MARKET OF FERMENTATION-DERIVED AMINO ACIDS BY
PRODUCT TYPE, THROUGH 2020 ($ MILLIONS) 104
FIGURE 42 GLOBAL MARKET FOR FERMENTATION-DERIVED AMINO ACIDS BY
PRODUCT TYPE, 2013-2020 ($ MILLIONS) 104
FIGURE 43 GLOBAL MARKET SHARE OF FERMENTATION-DERIVED AMINO ACIDS BY
PRODUCT TYPE, 2015 (%) 105
MARKETS BY REGION 105
TABLE 60 GLOBAL MARKET FOR FERMENTATION-DERIVED AMINO ACIDS BY
REGION, THROUGH 2020 ($ MILLIONS) 106
FIGURE 44 GLOBAL MARKET FOR FERMENTATION-DERIVED AMINO ACIDS BY
REGION, 2013-2020 ($ MILLIONS) 106
COMPETITIVE SUMMARY 106
FIGURE 45 GLOBAL MARKET SHARE OF FERMENTATION-DERIVED AMINO ACID
PRODUCERS, 2015 (%) 107
CHAPTER 7 GLOBAL MARKET FOR FERMENTATION OF XANTHAN 109
OVERVIEW 109
INDUSTRY DEVELOPMENTS 109
GLOBAL CONSUMPTION: XANTHAN 109
TABLE 61 GLOBAL CONSUMPTION OF XANTHAN, THROUGH 2020 (THOUSAND
METRIC TONS) 110
TABLE 62 GLOBAL CONSUMPTION OF XANTHAN BY APPLICATION, THROUGH 2020
(THOUSAND METRIC TONS) 110
FIGURE 46 GLOBAL CONSUMPTION SHARE OF XANTHAN BY APPLICATION, 2015 (%) 111
TABLE 63 GLOBAL CONSUMPTION OF XANTHAN BY REGION, THROUGH 2020
(THOUSAND METRIC TONS) 112
FIGURE 47 GLOBAL CONSUMPTION SHARE OF XANTHAN BY REGION, 2015 (%) 112
PRICING CONSIDERATIONS 113
TABLE 64 GLOBAL PRICE OF XANTHAN, THROUGH 2020 ($/KG) 113
INDUSTRY STRUCTURE 113
MARKET SUMMARY 114
MARKETS BY APPLICATION 114
TABLE 65 GLOBAL MARKET FOR XANTHAN BY APPLICATION, THROUGH 2020 ($
MILLIONS) 114
FIGURE 48 GLOBAL MARKET FOR XANTHAN BY APPLICATION, 2015 AND 2020 ($
MILLIONS) 115
FIGURE 49 GLOBAL MARKET SHARE OF XANTHAN BY APPLICATION, 2015 (%) 115
MARKETS BY REGION 116
TABLE 66 GLOBAL MARKET FOR XANTHAN BY REGION, THROUGH 2020 ($
MILLIONS) 116
FIGURE 50 GLOBAL MARKET FOR XANTHAN BY REGION, 2013-2020 ($ MILLIONS) 116
COMPETITIVE SUMMARY 117
FIGURE 51 GLOBAL MARKET SHARE OF XANTHAN BY PRODUCERS, 2015 (%) 118
CHAPTER 8 GLOBAL MARKET FOR FERMENTATION OF INDUSTRIAL ENZYMES 120
SEGMENT OVERVIEW 120
INDUSTRY DEVELOPMENTS 121
MARKET SUMMARY 121
TABLE 67 GLOBAL MARKET FOR INDUSTRIAL ENZYMES, THROUGH 2020 ($
MILLIONS) 122
FIGURE 52 GLOBAL MARKET FOR INDUSTRIAL ENZYMES, 2013-2020 ($ MILLIONS) 123
MARKETS BY APPLICATION 123
TABLE 68 GLOBAL MARKET FOR INDUSTRIAL ENZYMES BY APPLICATION, THROUGH
2020 ($ MILLIONS) 124
FIGURE 53 GLOBAL MARKET FOR INDUSTRIAL ENZYMES BY APPLICATION, 2015
AND 2020 ($ MILLIONS) 124
FIGURE 54 GLOBAL MARKET SHARE OF INDUSTRIAL ENZYMES BY APPLICATION,
2015 (%) 124
MARKET BY REGION 125
TABLE 69 GLOBAL MARKET FOR INDUSTRIAL ENZYMES BY REGION, 2015 ($
MILLIONS) 126
FIGURE 55 GLOBAL MARKET SHARE OF INDUSTRIAL ENZYMES BY REGION, 2015 (%) 127
COMPETITIVE SUMMARY 127
FIGURE 56 GLOBAL MARKET SHARE OF INDUSTRIAL ENZYME BY PRODUCER, 2015
(%) 127
CHAPTER 9 GLOBAL MARKET FOR FERMENTATION OF VITAMINS, CAROTENOIDS AND
RELATED COMPOUNDS 130
SEGMENT OVERVIEW 130
ASCORBIC ACID 130
Industry Developments 130
Global Consumption: Ascorbic Acid 131
TABLE 70 GLOBAL CONSUMPTION OF ASCORBIC ACID, THROUGH 2020
(THOUSAND METRIC TONS) 131
TABLE 71 GLOBAL CONSUMPTION OF ASCORBIC ACID BY APPLICATION, THROUGH
2020 (THOUSAND METRIC TONS) 132
FIGURE 57 GLOBAL CONSUMPTION SHARE OF ASCORBIC ACID BY APPLICATION,
2015 (%) 132
TABLE 72 GLOBAL CONSUMPTION OF ASCORBIC ACID BY REGION, THROUGH 2020
(THOUSAND METRIC TONS) 133
FIGURE 58 GLOBAL CONSUMPTION SHARE OF ASCORBIC ACID BY REGION, 2015
(%) 133
Pricing Considerations 134
TABLE 73 GLOBAL PRICE OF CRYSTALLINE ASCORBIC ACID, THROUGH 2020 ($/KG) 134
Industry Structure 134
Market Summary 135
TABLE 74 GLOBAL MARKET FOR ASCORBIC ACID, THROUGH 2020 ($ MILLIONS) 135
FIGURE 59 GLOBAL MARKET FOR ASCORBIC ACID, 2013-2020 ($ MILLIONS) 135
TABLE 75 GLOBAL MARKET FOR ASCORBIC ACID BY REGION, THROUGH 2020 ($
MILLIONS) 136
FIGURE 60 GLOBAL MARKET FOR ASCORBIC ACID BY REGION, 2015 AND 2020 ($
MILLIONS) 136
RIBOFLAVIN 136
Industry Developments 137
Global Consumption: Riboflavin 137
TABLE 76 GLOBAL CONSUMPTION OF RIBOFLAVIN, THROUGH 2020 (THOUSAND
METRIC TONS) 137
Pricing Considerations 137
TABLE 77 GLOBAL PRICE OF VITAMIN B2, THROUGH 2020 ($/KG) 138
Industry Structure 138
Market Summary 138
TABLE 78 GLOBAL MARKET FOR RIBOFLAVIN, THROUGH 2020 ($ MILLIONS) 138
FIGURE 61 GLOBAL MARKET FOR RIBOFLAVIN, 2013-2020 ($ MILLIONS) 138
Markets by Region 139
TABLE 79 GLOBAL MARKET FOR RIBOFLAVIN BY REGION, THROUGH 2020 ($
MILLIONS) 139
FIGURE 62 GLOBAL MARKET FOR RIBOFLAVIN BY REGION, 2015 AND 2020 ($
MILLIONS) 139
ISOASCORBIC ACID 140
Global Consumption: Isoascorbic Acid 140
TABLE 80 GLOBAL CONSUMPTION OF ISOASCORBIC ACID, THROUGH 2020
(THOUSAND METRIC TONS) 141
Pricing Considerations 141
TABLE 81 GLOBAL PRICE OF ISOASCORBIC ACID, THROUGH 2020 ($/KG) 141
Industry Structure 141
Market Summary 141
TABLE 82 GLOBAL MARKET FOR ISOASCORBIC ACID, THROUGH 2020 ($ MILLIONS) 142
FIGURE 63 GLOBAL MARKET FOR ISOASCORBIC ACID, 2013-2020 ($ MILLIONS) 142
Market by Region 142
TABLE 83 GLOBAL MARKET FOR ISOASCORBIC ACID BY REGION, THROUGH 2020 ($
MILLIONS) 143
FIGURE 64 GLOBAL MARKET FOR ISOASCORBIC ACID BY REGION, 2015 AND 2020
($ MILLIONS) 143
CYANOCOBALAMIN (VITAMIN B12) 144
Industry Developments 144
Global Consumption: Cyanocobalamin 144
TABLE 84 GLOBAL CONSUMPTION OF VITAMIN B12, THROUGH 2020 (METRIC TONS) 144
Pricing Considerations 144
TABLE 85 GLOBAL PRICE OF VITAMIN B12, THROUGH 2020 ($/KG) 144
Industry Structure 145
Market Summary 145
TABLE 86 GLOBAL MARKET FOR VITAMIN B12, THROUGH 2020 ($ MILLIONS) 146
FIGURE 65 GLOBAL MARKET FOR VITAMIN B12, 2013-2020 ($ MILLIONS) 146
Market by Region 146
TABLE 87 GLOBAL MARKET FOR VITAMIN B12 BY REGION, THROUGH 2020 ($
MILLIONS) 146
FIGURE 66 GLOBAL MARKET FOR VITAMIN B12 BY REGION, 2015 AND 2020 ($
MILLIONS) 147
CAROTENOIDS 147
FERMENTATION-DERIVED VITAMINS, CAROTENOIDS AND RELATED
COMPOUNDS MARKET SUMMARY 147
MARKET BY PRODUCT TYPE 148
TABLE 88 GLOBAL MARKET OF FERMENTATION-DERIVED VITAMINS, CAROTENOIDS
AND RELATED COMPOUNDS BY PRODUCT TYPE, THROUGH 2020 ($ MILLIONS) 148
FIGURE 67 GLOBAL MARKET FOR FERMENTED-DERIVED VITAMINS, CAROTENOIDS
AND RELATED COMPOUNDS BY PRODUCT TYPE, 2013-2020 ($ MILLIONS) 148
FOD020D - World Markets for Fermentation Ingredients
Copyright © BCC Research, Wellesley MA USA, Website: www.bccresearch.com
TOPIC PAGE NO.
FIGURE 68 GLOBAL MARKET SHARE OF FERMENTATION-DERIVED VITAMINS,
CAROTENOIDS AND RELATED COMPOUNDS BY PRODUCT TYPE, 2015 (%) 149
MARKETS BY REGION 149
TABLE 89 GLOBAL MARKET FOR FERMENTATION-DERIVED VITAMINS,
CAROTENOIDS AND RELATED COMPOUNDS BY REGION, THROUGH 2020 ($
MILLIONS)
150
FIGURE 69 GLOBAL MARKET FOR FERMENTATION-DERIVED VITAMINS,
CAROTENOIDS AND RELATED COMPOUNDS BY REGION, 2013-2020 ($ MILLIONS) 150
COMPETITIVE SUMMARY 150
FIGURE 70 GLOBAL MARKET SHARE OF FERMENTATION-DERIVED VITAMINS,
CAROTENOIDS AND RELATED COMPOUNDS PRODUCERS, 2015 (%) 151
CHAPTER 10 TECHNOLOGY AND PATENTS 153
OVERVIEW 153
PATENT PRODUCT SEGMENTS 153
TABLE 90 NUMBER OF RELATED PATENTS ISSUED BY YEAR, 2000-2015 154
FIGURE 71 NUMBER OF RELATED PATENTS ISSUED BY YEAR, 2000-2015* 154
TABLE 91 RECENT PATENT EVALUATION WITH ASSIGNEE AND NUMBER 155
PATENT ASSIGNEES 156
GENENTECH CORP. 156
LIMAGRAIN EUROPE S.A. AND KWS SAAT AG 156
NEW DEVELOPMENTS 156
CORBION 156
PROTERRO 157
ROQUETTE 157
CHAPTER 11 MARKET AND COMPETITIVE SUMMARY 159
MARKET HIGHLIGHTS 159
TABLE 92 GLOBAL MARKET FOR FERMENTATION-DERIVED FINE CHEMICALS BY
PRODUCT TYPE, THROUGH 2020 ($ MILLIONS) 159
FIGURE 72 GLOBAL MARKET FOR FERMENTATION-DERIVED FINE CHEMICALS BY
PRODUCT TYPE, 2013-2020 ($ MILLIONS) 159
FIGURE 73 GLOBAL MARKET SHARE OF FERMENTATION-DERIVED FINE CHEMICALS
BY PRODUCT TYPE, 2015 (%) 160
SUMMARY OF INDUSTRY STRUCTURE 161
TABLE 93 GLOBAL MARKET FOR FERMENTATION-DERIVED FINE CHEMICALS BY
PRODUCT TYPE AND APPLICATION, 2015 ($ MILLIONS) 161
FIGURE 74 GLOBAL MARKET SHARE FOR FERMENTATION-DERIVED PRODUCTS BY
APPLICATION, 2015 (%) 162
MARKET BY REGION 163
TABLE 94 GLOBAL MARKET FOR FERMENTATION-DERIVED FINE CHEMICALS BY
REGION, 2015 ($ MILLIONS) 163
FIGURE 75 GLOBAL MARKET SHARE OF FERMENTATION-DERIVED FINE CHEMICALS
BY REGION, 2015 (%) 164
COMPETITIVE SUMMARY 164
TABLE 95 GLOBAL MARKET LEADERS BY RANKING 165
TABLE 96 GLOBAL MARKET OF FERMENTATION-DERIVED FINE CHEMICALS BY
PRODUCER, 2015 ($ MILLIONS) 166
FIGURE 76 GLOBAL MARKET SHARE OF FERMENTATION-DERIVED FINE CHEMICALS
BY PRODUCER, 2015 (%) 167
CHAPTER 12 COMPANY PROFILES 170
OVERVIEW 170
TABLE 97 GLOBAL MARKET POSITION OF FERMENTATION-DERIVED PRODUCTS BY
COMPANY, 2015 171
AJINOMOTO CO. INC. 171
ARCHER DANIELS MIDLAND CO. 172
BASF ANIMAL NUTRITION 172
CHINA NATIONAL BLUESTAR CO. LTD. 173
DAESANG CORP. 173
DANISCO A/S 173
DSM NUTRITIONAL PRODUCTS LTD. 174
ELANCO ANIMAL HEALTH 174
EVONIK INDUSTRIES AG 175
GLOBAL BIO-CHEM TECHNOLOGY 176
JUNGBUNZLAUER 176
NOVOZYMES A/S 177
NOVUS INTERNATIONAL INC. 177
VEDAN INTERNATIONAL 178
CHAPTER 13 APPENDICES 180
APPENDIX I: MARKET CONTRIBUTORS 180
AB ENZYMES GMBH 180
AJINOMOTO CO. INC. 180
ARCHER DANIELS MIDLAND CO. 180
BASF ANIMAL NUTRITION (BASF SE) 180
BBCA GROUP 181
BIOAMBER INC. 181
BLUESTAR GROUP-CHINA NATIONAL BLUESTAR CO. LTD. 181
CARGILL INC. 181
CHENGDU WONHO BIOLOGY ENGINEERING CO., LTD 181
CHINA NATIONAL BLUESTAR CO. LTD. 181
CHR. HANSEN A/S 182
CJ CHEILJEDANG CORP. 182
CORBION 182
CP KELCO U.S. INC. 182
CSPC WEISHENG PHARMACEUTICAL (SHIJIAZHUANG) CO. LTD. 182
DAESANG CORP. 182
DANISCO A/S 183
DEOSEN BIOCHEMICAL LTD. 183
DSM NUTRITIONAL PRODUCTS LTD. 183
ELANCO ANIMAL HEALTH 183
EVONIK INDUSTRIES AG 183
FUFENG GROUP LTD. 183
FUSO CHEMICAL CO. LTD. 184
GLOBAL BIO-CHEM TECHNOLOGY GROUP 184
HENAN JINDAN LACTIC ACID TECHNOLOGY CO., LTD 184
HUBEI GUANGJI PHARMACEUTICAL CO. LTD. 184
JUNGBUNZLAUER 184
MOSAIC CO., THE 184
NORTHEAST PHARMACEUTICAL GROUP CO. LTD. 185
NOVOZYMES A/S 185
NOVUS INTERNATIONAL INC. 185
RIZHAO RIJIN CHEMICAL CO. LTD. 185
ROYAL DSM N.V. 185
SUDZUCKER AG 185
TATE and LYLE PLC 186
TTCA CO. LTD. 186
VEDAN INTERNATIONAL 186
APPENDIX II: RELEVANT ASSOCIATIONS AND ORGANIZATIONS 186
BUREAU OF ECONOMIC ANALYSIS 186
EUROPEAN CHEMICAL INDUSTRY COUNCIL (THE) 186
ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT 186
UNITED STATES BUREAU OF LABOR STATISTICS 187
UNITED STATES CENSUS BUREAU 187
UNITED STATES DEPARTMENT OF AGRICULTURE 187
UNITED STATES FOOD AND DRUG ADMINISTRATION 187
WORLD BANK (THE) 187

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