Report: World Markets for Fermentation Ingredients TOC

INTRODUCTION XX

STUDY GOAL AND OBJECTIVES XX
REASONS FOR DOING THE STUDY XXI
SCOPE AND FORMAT XXII
METHODOLOGIES XXII
INFORMATION SOURCES XXII
ABOUT THE AUTHOR XXII
RELATED BCC PUBLICATIONS XXIII
BCC ON-LINE SERVICES XXIII
DISCLAIMER XXIV

SUMMARY XXV

SUMMARY TABLE GLOBAL MARKET FOR FERMENTATION PRODUCTS BY CATEGORY, THROUGH 2009 ($ MILLIONS) XXVI
SUMMARY TABLE GLOBAL MARKET FOR FERMENTATION PRODUCTS BY CATEGORY, 2004 AND 2009 ($ MILLIONS) XXVII

OVERVIEW OF MAIN FERMENTATION CATEGORIES AND PRODUCTS 1

FERMENTATION OF ANTIBIOTICS 1
CLASSIFICATION 1
Classification (Continued) 2
TABLE 1 CATEGORIZATION OF BETA-LACTAM ANTIBIOTICS 3
TABLE 2 CLASSIFICATION OF NON-BETA-LACTAM ANTIBIOTICS 3
TABLE (CONTINUED) 4
DEVELOPMENT OF CONSUMPTION AND INTERRELATIONSHIPS 4
TABLE 3 STRUCTURE OF GLOBAL MARKET VALUE OF FERMENTATIONDERIVED CRUDE ANTIBIOTICS BY PRODUCT CATEGORY, 2004 ($ MILLIONS) 5
TABLE 4 GLOBAL CONSUMPTION OF FERMENTATION-DERIVED CRUDE ANTIBIOTICS BY APPLICATION AND REGION, 2004 ($ MILLIONS) 6
TABLE 5 DEVELOPMENT OF EFFICIENCY IN PENICILLIUM PRODUCTION 6
PRICE DEVELOPMENT 7
TABLE 6 GLOBAL DEVELOPMENT OF CRUDE PENICILLIUM PRICES, 1990-2004 ($/KG) 8
TABLE 7 OVERVIEW OF PRICES FOR MAJOR FERMENTATION- DERIVED ANTIBIOTICS, 2004 ($/KG) 8
INDUSTRY STRUCTURE 8
TABLE 8 OVERVIEW OF EUROPEAN ANTIBIOTICS PRODUCERS, 2004 9
TABLE 9 OVERVIEW OF NORTH AMERICAN ANTIBIOTIC PRODUCERS, 2004 10
TABLE 10 OVERVIEW OF ASIAN ANTIBIOTICS PRODUCERS, 2004 (EXCLUDING CHINA) 10
TABLE 11 OVERVIEW OF MAJOR CHINESE ANTIBIOTIC PRODUCERS, 2004 11
TABLE 12 OVERVIEW OF ANTIBIOTIC PRODUCERS IN THE REST OF THE WORLD, 2004 11
Market Shares 11
TABLE 13 MARKET SHARES OF MAJOR CRUDE ANTIBIOTICS PRODUCERS, 2004 (%) 12
FIGURE 1 MARKET SHARES OF MAJOR CRUDE ANTIBIOTICS PRODUCERS, 2004 (%) 12
CURRENT AND FUTURE DEMAND 12
Future Demand 13
Future Prices 13
Future Market Value 13
TABLE 14 CURRENT AND FUTURE DEMAND FOR FERMENTATION-DERIVED CRUDE ANTIBIOTICS BY REGION, THROUGH 2009 ($ MILLIONS) 14
FIGURE 2 CURRENT AND FUTURE DEMAND FOR FERMENTATION-DERIVED CRUDE ANTIBIOTICS BY REGION, 2004 AND 2009 ($ MILLIONS) 14
Industry Structure 15
FERMENTATION OF ORGANIC ACIDS 15
CITRIC ACID 15
Development of Consumption 16
TABLE 15 GLOBAL DEVELOPMENT OF CITRIC ACID CONSUMPTION, 1983-2004 (THOUSAND TONS) 16
TABLE 16 GLOBAL CONSUMPTION OF CITRIC ACID BY APPLICATION, 2004 (THOUSAND TONS) 16
TABLE 17 CONSUMPTION OF CITRIC ACID BY REGION, 2004 (THOUSAND TONS) 17
Price Developments 17
TABLE 18 DEVELOPMENT OF CITRIC ACID ANHYDRITE PRICES, 1980-2004 ($/KG) 17
Market Value 17
TABLE 19 MARKET VALUE OF FERMENTATION DERIVED CITRIC ACID BY REGION, 2004 ($ MILLIONS) 18
TABLE 20 GLOBAL MARKET VALUE OF FERMENTATION DERIVED CITRIC ACID BY APPLICATION, 2004 ($ MILLIONS) 18
Industry Structure 18
TABLE 21 MARKET SHARES OF CITRIC ACID PRODUCERS, 2004 (%) 19
FIGURE 3 MARKET SHARES OF CITRIC ACID PRODUCERS, 2004 (%) 19
TABLE 22 RELATIVE IMPORTANCE OF THE 10 LEADING CITRIC ACID PRODUCERS IN CHINA, 2004 (%) 20
Current and Future Demand 20
TABLE 23 GLOBAL VOLUME MARKET AND AVERAGE PRICE FOR FERMENTATION DERIVED CITRIC ACID BY APPLICATIONS, THROUGH 2009
(THOUSAND TONS AND $/KG) 21
TABLE 24 GLOBAL MARKET VALUE FOR FERMENTATION DERIVED CITRIC ACID BY APPLICATION, THROUGH 2009 ($ MILLIONS) 22
FIGURE 4 GLOBAL MARKET VALUE FOR FERMENTATION DERIVED CITRIC ACID BY APPLICATIONS, 2004 AND 2009 ($ MILLIONS) 22
GLUCONIC ACID 23
Development of Consumption 23
TABLE 25 GLOBAL DEVELOPMENT OF GLUCONIC ACID CONSUMPTION, 1985-2004 (THOUSAND TONS) 23
TABLE 26 GLOBAL CONSUMPTION OF GLUCONIC ACID BY APPLICATION, 2004 (THOUSAND TONS) 23
Price Development 24
TABLE 27 PRICES FOR GLUCONIC ACID, DEPENDING ON THE APPLICATION, 2004 24
Market Value 24
TABLE 28 GLOBAL MARKET VALUE STRUCTURE OF GLUCONIC ACID BY APPLICATIONS, 2004 ($ MILLIONS) 25
Industry Structure 25
TABLE 29 MARKET SHARES OF GLUCONIC ACID PRODUCERS, 2004 (%) 25
FIGURE 5 MARKET SHARES OF GLUCONIC ACID PRODUCERS, 2004 (%) 26
Current and Future Demand 26
TABLE 30 CURRENT AND FUTURE GLOBAL DEMAND FOR GLUCONIC ACID BY APPLICATION, THROUGH 2009 ($ MILLIONS) 27
FIGURE 6 CURRENT AND FUTURE GLOBAL DEMAND FOR GLUCONIC ACID BY APPLICATION, 2004 AND 2009 ($ MILLIONS) 27
LACTIC ACID 28
Development of Consumption 28
TABLE 31 GLOBAL DEVELOPMENT OF LACTIC ACID CONSUMPTION, 1990-2004 (THOUSAND TONS) 28
TABLE 32 STRUCTURE OF GLOBAL CONSUMPTION OF LACTIC ACID BY APPLICATION, 2004 (THOUSAND TONS) 28
Price Development 29
Market Value 29
TABLE 33 STRUCTURE OF THE GLOBAL MARKET VALUE, VOLUME AND AVERAGE PRICE FOR LACTIC ACID BY APPLICATIONS, 2004 29
Industry Structure 30
TABLE 34 MARKET SHARES OF MAJOR LACTIC ACID PRODUCERS, 2004 (%) 30
FIGURE 7 MARKET SHARES OF MAJOR LACTIC ACID PRODUCERS, 2004 (%) 30
Current and Future Demand 31
TABLE 35 CURRENT AND FUTURE GLOBAL DEMAND FOR LACTIC ACID BY APPLICATIONS, THROUGH 2009 (THOUSAND TONS) 31
TABLE 36 CURRENT AND FUTURE PRICES FOR LACTIC ACID BY APPLICATIONS, THROUGH 2009 ($/KG) 32
TABLE 37 CURRENT AND FUTURE GLOBAL VALUE FOR LACTIC ACID BY APPLICATIONS, THROUGH 2009 ($ MILLIONS) 32
FIGURE 8 CURRENT AND FUTURE GLOBAL VALUE OF LACTIC ACID BY APPLICATIONS, 2004 AND 2009 ($ MILLIONS) 33
ITACONIC ACID 33
Price Development 33
Market Value 34
Current and Future Demand 34
SUMMARY OF ORGANIC ACIDS 34
TABLE 38 GLOBAL MARKET VALUE OF ORGANIC ACIDS BY TYPE, THROUGH 2009 ($ MILLIONS) 35
FIGURE 9 GLOBAL MARKET VALUE OF ORGANIC ACIDS BY TYPE, 2004 AND 2009 ($ MILLIONS) 35

FERMENTATION OF AMINO ACIDS 36

LYSINE 36
DEVELOPMENT OF CONSUMPTION 36
TABLE 39 GLOBAL DEVELOPMENT OF LYSINE CONSUMPTION, 1993-2004 (THOUSAND TONS) 36
TABLE 40 DEVELOPMENT OF LYSINE CONSUMPTION BY REGION, 2000-2004 (THOUSAND TONS) 37
PRICE DEVELOPMENTS 37
TABLE 41 PRICE DEVELOPMENT OF LYSINE, 1998-2004 ($/KG) 38
MARKET VALUE 38
TABLE 42 DEVELOPMENT OF LYSINE GLOBAL MARKET VALUE, VOLUME AND AVERAGE PRICE, 2000-2004 (THOUSAND TONS, $/KG AND $ MILLIONS) 39
INDUSTRY STRUCTURE 39
TABLE 43 GLOBAL DEVELOPMENT OF AJINOMOTO' S LYSINE PRODUCTION BY REGION, 2001-2004 (THOUSAND TONS) 39
TABLE 44 GLBOAL DEVELOPMENT KYOWA' S LYSINE PRODUCTION BY REGION, 2001-2004 (THOUSAND TONS) 40
TABLE 45 GLOBAL DEVELOPMENT OF ADM, BASF, AND DEGUSSA' S LYSINE PRODUCTION BY REGION, 2001-2004 (THOUSAND TONS) 40
TABLE 46 GLOBAL DEVELOPMENT OF LYSINE PRODUCTION OF OTHER COMPANIES BY REGION, 2001-2004 (THOUSAND TONS) 40
TABLE 46 (CONTINUED) 41
TABLE 47 MARKET SHARES OF LYSINE PRODUCERS, 2004 (THOUSAND TONS, %) 41
FIGURE 10 MARKET SHARES OF LYSINE PRODUCERS, 2004 (%) 42
CURRENT AND FUTURE DEMAND 42
TABLE 48 CURRENT AND FUTURE GLOBAL DEMAND FOR LYSINE BY REGION, THROUGH 2009 ($ MILLIONS) 43
TABLE 49 GLOBAL LYSINE INDUSTRY STRUCTURE FORECAST, THROUGH 2009 44
THREONINE 44
DEVELOPMENT OF CONSUMPTION 44
TABLE 50 GLOBAL DEVELOPMENT OF THREONINE CONSUMPTION, 1990-2004 (THOUSAND TONS) 44
TABLE 51 USE OF THREONINE FOR FEED BY REGION, 2004 (THOUSAND TONS) 45
PRICE DEVELOPMENTS 45
MARKET VALUE 46
TABLE 52 GLOBAL THREONINE MARKET VALUE BY REGION AND APPLICATIONS, 2004 ($ MILLIONS) 46
INDUSTRY STRUCTURE 46
TABLE 53 MARKET SHARE OF THREONINE PRODUCERS, 2004 (THOUSAND TONS, %) 47
FIGURE 11 MARKET SHARES OF THREONINE PRODUCERS, 2004 (%) 47
CURRENT AND FUTURE DEMAND 48
TABLE 54 THREONINE INDUSTRY STRUCTURE FORECAST - VALUE, VOLUME, AVERAGE PRICE - BY APPLICATIONS, THROUGH 2009 48
TABLE 54 (CONTINUED) 49
TRYPTOPHAN 49
DEVELOPMENT OF CONSUMPTION 49
TABLE 55 GLOBAL DEVELOPMENT OF TRYPTOPHAN CONSUMPTION, 1990-2004 (TONS) 49
TABLE 56 CONSUMPTION OF TRYPOTOPHAN BY APPLICATION AND REGION, 2004 (TONS) 50
PRICE DEVELOPMENT 50
TABLE 57 PRICE DEVELOPMENT OF TRYPTOPHAN BY APPLICATION, 1995-2004 ($/KG) 50
MARKET VALUE 50
TABLE 58 STRUCTURE OF TRYPTOPHAN MARKET VALUE BY REGION AND APPLICATIONS, 2004 ($ MILLIONS) 51
INDUSTRY STRUCTURE 51
CURRENT AND FUTURE DEMAND 51
TABLE 59 GLOBAL TRYPTOPHAN INDUSTRY STRUCTURE FORECAST - VALUE, VOLUME AND AVERAGE PRICE - BY APPLICATIONS, THROUGH 2009 52
MONOSODIUM GLUTAMATE 52
DEVELOPMENT OF CONSUMPTION 52
TABLE 60 DEVELOPMENT OF GLOBAL MSG CONSUMPTION, 1985-2004 (MILLION TONS) 53
TABLE 61 MSG CONSUMPTION BY GEOGRAPHIC AREA, 2004 (MILLION TONS) 53
PRICE DEVELOPMENT 53
MARKET VALUE 53
TABLE 62 MARKET VALUE OF MSG BY REGION, 2004 ($ MILLIONS) 54
INDUSTRY STRUCTURE 54
TABLE 63 MARKET SHARE OF MSG PRODUCERS IN EUROPE, NORTH AMERICA, AND LATIN AMERICA, 2004 (THOUSAND TONS, %) 54
TABLE 64 MARKET SHARE OF MSG PRODUCERS IN ASIA, EXCLUDING CHINA, 2004 (THOUSAND TONS, %) 55
TABLE 65 MARKET SHARE OF MSG PRODUCERS IN CHINA, 2004 (THOUSAND TONS, %) 55
TABLE 66 MARKET SHARES OF MSG PRODUCERS, 2004 (THOUSAND TONS, %) 56
FIGURE 12 MARKET SHARES OF MSG PRODUCERS, 2004 (%) 57
CURRENT AND FUTURE DEMAND 57
TABLE 67 CURRENT AND FUTURE DEMAND FOR MSG BY REGION, THROUGH 2009 ($ MILLIONS) 58
TABLE 68 GLOBAL MSG INDUSTRY STRUCTURE FORECAST - VALUE, VOLUME AND AVERAGE PRICE, THROUGH 2009 58
SUMMARY OF FERMENTATION-DERIVED AMINO ACIDS 59
TABLE 69 FORECAST FOR THE GLOBAL MARKET VALUE OF FERMENTATIONDERIVED AMINO ACIDS BY TYPE, THROUGH 2009 ($ MILLIONS) 59
FIGURE 13 GLOBAL MARKET VALUE FORECAST FOR FERMENTATIONDERIVED AMINO ACIDS BY TYPE, 2004 AND 2009 ($ MILLIONS) 59
XANTHAN 60
DEVELOPMENT OF CONSUMPTION 60
TABLE 70 DEVELOPMENT OF GLOBAL XANTHAN CONSUMPTION, 1986-2004 (TONS) 60
TABLE 71 GLOBAL XANTHAN CONSUMPTION BY APPLICATION, 2004 (TONS) 61
TABLE 72 XANTHAN CONSUMPTION BY REGION, 2004 (TONS) 61
PRICE DEVELOPMENT 62
TABLE 73 DEVELOPMENT OF XANTHAN PRICES, 1986-2004 ($/KG) 62
MARKET VALUE 62
TABLE 74 GLOBAL XANTHAN MARKET VALUE, VOLUME AND AVERAGE PRICE, 1990-2004 62
INDUSTRY STRUCTURE 63
TABLE 75 MARKET SHARE OF XANTHAN PRODUCERS BY REGION, 2004 (THOUSAND TONS, %) 63
FIGURE 14 MARKET SHARE OF XANTHAN PRODUCERS, 2004 (%) 64
CURRENT AND FUTURE DEMAND 64
PRICE DEVELOPMENT 65
TABLE 76 XANTHAN INDUSTRY STRUCTURE FORECAST - VALUE, VOLUME AND PRICE, THROUGH 2009 65

INDUSTRIAL ENZYMES 66

DEVELOPMENT OF DEMAND 66
TABLE 77 EXAMPLES OF ENZYME CATEGORIES AND THEIR SPECIFIC APPLICATIONS 66
TABLE 78 GLOBAL DEVELOPMENT OF THE MARKET VALUE OF INDUSTRIAL ENZYMES BY APPLICATIONS, 1994-2004 ($ MILLIONS) 67
TABLE 79 STRUCTURE OF INDUSTRIALENZYME USE BY TYPE IN THE DETERGENT SECTOR BY REGION, 2004 ($ MILLIONS) 67
TABLE 80 STRUCTURE OF INDUSTRIAL ENZYME USE BY TYPE IN THE TEXTILE AND LEATHER SECTOR BY REGION, 2004 ($ MILLIONS) 68
TABLE 81 STRUCTURE OF INDUSTRIAL ENZYME USE BY TYPE IN THE FOOD SECTOR BY REGION, 2004 ($ MILLIONS) 68
TABLE 82 STRUCTURE OF INDUSTRIAL ENZYME USE BY TYPE IN THE FEED SECTOR BY REGION, 2004 ($ MILLIONS) 69
INDUSTRY STRUCTURE 69
TABLE 83 MARKET SHARES OF ENZYME PRODUCERS WITH SPECIALTIES, 2004 (%) 70
FIGURE 15 MARKET SHARES OF ENZYME PRODUCERS, 2004 (%) 70
CURRENT AND FUTURE DEMAND 71
TABLE 84 CURRENT AND FUTURE GLOBAL DEMAND FOR INDUSTRIAL ENZYMES BY APPLICATIONS, THROUGH 2009 ($ MILLIONS) 72
FIGURE 16 CURRENT AND FUTURE GLOBAL DEMAND FOR INDUSTRIAL ENZYMES BY APPLICATIONS, 2004 AND 2009 72
VITAMINS AND CAROTENOIDS 73
RIBOFLAVIN 73
DEVELOPMENT OF CONSUMPTION 73
TABLE 85 GLOBAL DEVELOPMENT OF RIBOFLAVIN CONSUMPTION BY APPLICATION, 1989-2004 (TONS) 74
PRICE DEVELOPMENT 74
TABLE 86 DEVELOPMENT OF (PURE) VITAMIN B2 (RIBOFLAVIN) PRICES, 1989-2004 ($/KG) 74
MARKET VALUE 74
TABLE 87 STRUCTURE OF RIBOFLAVIN MARKET VALUE BY APPLICATIONS, 2004 ($ MILLIONS) 75
INDUSTRY STRUCTURE 75
TABLE 88 MARKET SHARES OF RIBOFLAVIN PRODUCERS, 2004 (TONS, %) 75
FIGURE 17 MARKET SHARES OF RIBOFLAVIN PRODUCERS, 2004 (%) 76
CURRENT AND FUTURE DEMAND 76
TABLE 89 CURRENT AND FUTURE GLOBAL DEMAND FOR RIBOFLAVIN BY APPLICATIONS, THROUGH 2009 ($ MILLIONS) 77
FIGURE 18 CURRENT AND FUTURE GLOBAL DEMAND FOR RIBOFLAVIN BY APPLICATIONS, 2004 AND 2009 ($ MILLIONS) 77
CYANOCOBALAMIN 77
DEVELOPMENT OF CONSUMPTION 78
TABLE 90 GLOBAL DEVELOPMENT OF VITAMIN B12 CONSUMPTION BY APPLICATION, 1995-2004 (TONS) 78
PRICE DEVELOPMENT 78
TABLE 91 PRICE DEVELOPMENT OF VITAMIN B12, 1989-2004 ($/KG) 79
MARKET VALUE 79
TABLE 92 DEVELOPMENT OF GLOBAL MARKET VALUE OF B12 BY APPLICATIONS, 2000-2004 ($ MILLIONS) 79
INDUSTRY STRUCTURE 79
TABLE 93 MARKET SHARES OF B12 PRODUCERS, 2004 ($ MILLIONS, %) 80
FIGURE 19 MARKET SHARES OF B12 PRODUCERS, 2004 (%) 80
CURRENT AND FUTURE DEMAND 80
TABLE 94 GLOBAL CURRENT AND FUTURE DEMAND FOR VITAMIN B12 BY APPLICATIONS, THROUGH 2009 ($ MILLIONS) 81
FIGURE 20 GLOBAL CURRENT AND FUTURE DEMAND FOR VITAMIN B12 BY APPLICATIONS, 2004 AND 2009 ($ MILLIONS) 81
ASCORBIC ACID 82
DEVELOPMENT OF CONSUMPTION 82
TABLE 95 DEVELOPMENT OF GLOBAL ASCORBIC ACID CONSUMPTION, 1990-2004 (THOUSAND TONS) 82
TABLE 96 GLOBAL ASCORBIC ACID CONSUMPTION BY APPLICATION, 2004 (THOUSAND TONS, %) 82
TABLE 97 CONSUMPTION OF ASCORBIC ACID BY REGION, 2004 (THOUSAND TONS, %) 83
PRICE DEVELOPMENT 83
TABLE 98 PRICE DEVELOPMENT OF CRYSTALLINE ASCORBIC ACID, 1990-2004 ($/KG) 84
MARKET VALUE 84
TABLE 99 STRUCTURE AND DEVELOPMENT OF ASCORBIC ACID MARKET VALUE, VOLUME AND AVERAGE PRICE, 1995-2004 84
INDUSTRY STRUCTURE 84
TABLE 100 MARKET SHARES OF VITAMIN C PRODUCERS, 1985-2004 (%) 85
FIGURE 21 MARKET SHARES OF VITAMIN C PRODUCERS, 2004 (%) 85
TABLE 101 PRODUCTION AND MARKET SHARE OF VITAMIN C BY CHINESE COMPANIES, 2004 (THOUSAND TONS, %) 86
CURRENT AND FUTURE DEMAND 86
TABLE 102 ASCORBIC ACID INDUSTRY STRUCTURE FORECAST - VOLUME, VALUE AND AVERAGE PRICE, THROUGH 2009 87
ERYTHORBIC ACID 87
DEVELOPMENT OF CONSUMPTION 88
TABLE 103 DEVELOPMENT OF ERYTHORBIC ACID GLOBAL CONSUMPTION, 2000-2004 (TONS) 88
PRICE DEVELOPMENT 88
TABLE 104 DEVELOPMENT OF ERYTHORBIC ACID PRICES, 1995-2004 ($/KG) 88
MARKET VALUE 89
TABLE 105 STRUCTURE OF ERYTHOROBIC ACID MARKET VALUE BY REGION, 2004 ($ MILLIONS) 89
INDUSTRY STRUCTURE 89
TABLE 106 MARKET SHARES OF ERYTHORBIC ACID PRODUCERS, 2004 (TONS, %) 89
FIGURE 22 MARKET SHARES OF ERYTHORBIC ACID PRODUCERS, 2004 90
CURRENT AND FUTURE DEMAND 90
TABLE 107 CURRENT AND FUTURE GLOBAL VALUE, VOLUME AND AVERAGE PRICE OF ERYTHORBIC ACID, THROUGH 2009 91
CAROTENOIDS 91
BETA-CAROTENE 91
ASTAXANTHIN 92
LYCOPENE 92

SUMMARY OF THE INDUSTRY STRUCTURE OF FERMENTATIONDERIVED FINE CHEMICALS 93

TABLE 108 OVERVIEW OF GLOBAL MARKET FOR FERMENTATION-DERIVED FINE CHEMICALS BY TYPE BY APPLICATION SEGMENT, 2004 ($ MILLIONS) 93
FIGURE 23 OVERVIEW OF GLOBAL MARKET FOR FERMENTATION-DERIVED FINE CHEMICALS BY TYPE BY APPLICATION SEGMENT, 2004 ($ MILLIONS) 94
TABLE 109 OVERVIEW OF MARKET FOR FERMENTATION-DERIVED FINE CHEMICALS BY REGION, 2004 ($ MILLIONS) 94
TABLE 109 (CONTINUED) 95
TABLE 110 OVERVIEW OF GLOBAL MARKET FOR FORECAST FOR FERMENTATION-DERIVED FINE CHEMICALS BY APPLICATION SEGMENT, 2009 ($ MILLIONS) 95
TABLE 111 OVERALL MARKET SHARES OF FERMENTATION-DERIVED FINE CHEMICAL PRODUCERS, 2004 ($ BILLIONS, MILLION TONS, %) 96
FIGURE 24 OVERALL MARKET SHARES OF FERMENTATION PRODUCT PRODUCERS BY VALUE, 2004 (% OF TOTAL VALUE) 97
FIGURE 25 OVERALL MARKET SHARES OF FERMENTATION PRODUCT PRODUCERS BY VOLUME, 2004 (% OF VOLUME) 98

RELEVANCE OF CARBOHYDRATES FOR FERMENTATION PRODUCTS 99

OVERVIEW 99
TABLE 112 EXAMPLES OF BACTERIA AND FUNGI IN USE FOR FERMENTATIONS 100
TABLE 113 CARBOHYDRATE CONVERSION RATES FOR FERMENTATION PRODUCTS BY SELECTED FERMENTATION PROCESSES (%) 101
TABLE 114 CARBOHYDRATE DEMAND FOR THE FERMENTATION OF REVIEWED PRODUCTS, 2004 (TONS) 102
FIGURE 26 CARBOHYDRATE DEMAND FOR THE FERMENTATION OF SOME REVIEWED PRODUCTS, 2004 (THOUSAND TONS) 102
TABLE 115 PRODUCTION OF MAJOR FERMENTATION-DERIVED PRODUCTS BY REGION, 2004 (THOUSAND TONS) 103
TABLE 116 CARBOHYDRATE DEMAND FOR MAJOR FERMENTATION-DERIVED PRODUCTS BY REGION, 2004 (THOUSAND TONS) 103
FIGURE 27 CARBOHYDRATE DEMAND FOR MAJOR FERMENTATION-DERIVED PRODUCTS BY REGION, 2004 (THOUSAND TONS) 104
TABLE 117 PRODUCTION COSTS FOR SOME FERMENTATION PRODUCTS AND THE RELEVANCE OF CARBOHYDRATE COSTS, 2004 105
CARBOHYDRATE SOURCES 105
THE MOLASSES MARKET 105
MOLASSES PRODUCTION 106
TABLE 118 DEVELOPMENT OF MOLASSES PRODUCTION BY COUNTRY OF ORIGIN, 1998-2004 (MILLION TONS) 106
TABLE 119 DEVELOPMENT OF MOLASSES USE BY REGION, 2004 (MILLION TONS) 107
TABLE 120 DEVELOPMENT OF MOLASSES PRICES, 1992-2004 ($/TON) 107
THE GLUCOSE, DEXTROSE MARKET 108
FIGURE 28 PRODUCTION PROCESS FOR GLUCOSE SYRUPS 108
TABLE 121 GLUCOSE CONVERSION RATES OF VARIOUS STARCHCONTAINING GRAINS AND TUBERS 109
TABLE 122 DEVELOPMENT OF GLOBAL GLUCOSE PRODUCTION FOR FERMENTATION AND FOOD, 1992-2004 (MILLION TONS) 109
TABLE 123 USE OF GLUCOSE FOR FERMENTATION AND FOODS BY REGION, 2004 (MILLION TONS) 110
PRICE DEVELOPMENTS 110
Glucose Derived from Corn 110
TABLE 124 DEVELOPMENT OF CORN, CORN OIL, CORN GLUTEN, AND CORN GLUTEN FEED MEAL PRICES, 1985-2004 ($/TON) 111
TABLE 125 U.S. PRODUCTION COSTS FOR CORN-DERIVED GLUCOSE, 2004 111
TABLE 126 DEVELOPMENT OF GLUCOSE PRICES IN THE U.S., 1990-2004 (FERMENTATION GRADE, LIQUID, DIRECT. USD/T DRY WEIGHT) 112
EU Production Costs of Glucose Derived from Wheat 112
TABLE 127 EU PRODUCTION COSTS OF GLUCOSE FROM WHEAT, 2004 112
TABLE 128 DEVELOPMENT OF WHEAT AND GLUCOSE PRICES IN THE EU, 1987-2004 ($/TON) 113
FIGURE 29 DEVELOPMENT OF GLUCOSE PRICES IN THE EU AND U.S., 1992-2004 ($ MILLIONS) 114
Glucose Derived from Cassava 114
Saccharose for Fermentation 115
TABLE 129 OVERVIEW OF SACCHAROSE PRICES APPLICABLE TO FERMENTATION BY REGION, 2004 ($/TON) 115
FUTURE DEVELOPMENTS AND RELEVANCE FOR THE GLOBAL FERMENTATION INDUSTRY 116
TABLE 130 DEVELOPMENT OF GRAIN (WHEAT AND CORN) HARVESTS BY REGION, THROUGH 2003 (MILLION TONS) 116
TABLE 131 PRICE DEVELOPMENT FORECAST FOR FERMENTATION-GRADE GLUCOSE/DEXTROSE, THROUGH 2009 ($/TON) 117

LIST OF TABLES

SUMMARY TABLE:

GLOBAL MARKET FOR FERMENTATION PRODUCTS BY CATEGORY, THROUGH 2009 ($ MILLIONS) XXVI
TABLE 1 CATEGORIZATION OF BETA-LACTAM ANTIBIOTICS 3
TABLE 2 CLASSIFICATION OF NON-BETA-LACTAM ANTIBIOTICS 3
TABLE (CONTINUED) 4
TABLE 3 STRUCTURE OF GLOBAL MARKET VALUE OF FERMENTATION-DERIVED CRUDE ANTIBIOTICS BY PRODUCT
CATEGORY, 2004 ($ MILLIONS) 5
TABLE 4 GLOBAL CONSUMPTION OF FERMENTATION-DERIVED CRUDE ANTIBIOTICS BY APPLICATION AND REGION, 2004 ($ MILLIONS) 6
TABLE 5 DEVELOPMENT OF EFFICIENCY IN PENICILLIUM PRODUCTION 6
TABLE 6 GLOBAL DEVELOPMENT OF CRUDE PENICILLIUM PRICES, 1990-2004 ($/KG) 8
TABLE 7 OVERVIEW OF PRICES FOR MAJOR FERMENTATIONDERIVED ANTIBIOTICS, 2004 ($/KG) 8
TABLE 8 OVERVIEW OF EUROPEAN ANTIBIOTICS PRODUCERS, 2004 9
TABLE 9 OVERVIEW OF NORTH AMERICAN ANTIBIOTIC PRODUCERS, 2004 10
TABLE 10 OVERVIEW OF ASIAN ANTIBIOTICS PRODUCERS, 2004 (EXCLUDING CHINA) 10
TABLE 11 OVERVIEW OF MAJOR CHINESE ANTIBIOTIC PRODUCERS, 2004 11
TABLE 12 OVERVIEW OF ANTIBIOTIC PRODUCERS IN THE REST OF THE WORLD, 2004 11
TABLE 13 MARKET SHARES OF MAJOR CRUDE ANTIBIOTICS PRODUCERS, 2004 (%) 12
TABLE 14 CURRENT AND FUTURE DEMAND FOR FERMENTATIONDERIVED CRUDE ANTIBIOTICS BY REGION, THROUGH 2009 ($ MILLIONS) 14
TABLE 15 GLOBAL DEVELOPMENT OF CITRIC ACID CONSUMPTION, 1983-2004 (THOUSAND TONS) 16
TABLE 16 GLOBAL CONSUMPTION OF CITRIC ACID BY APPLICATION, 2004 (THOUSAND TONS) 16
TABLE 17 CONSUMPTION OF CITRIC ACID BY REGION, 2004 (THOUSAND TONS) 17
TABLE 18 DEVELOPMENT OF CITRIC ACID ANHYDRITE PRICES, 1980-2004 ($/KG) 17
TABLE 19 MARKET VALUE OF FERMENTATION DERIVED CITRIC ACID BY REGION, 2004 ($ MILLIONS) 18
TABLE 20 GLOBAL MARKET VALUE OF FERMENTATION DERIVED CITRIC ACID BY APPLICATION, 2004 ($ MILLIONS) 18
TABLE 21 MARKET SHARES OF CITRIC ACID PRODUCERS, 2004 (%) 19
TABLE 22 RELATIVE IMPORTANCE OF THE 10 LEADING CITRIC ACID PRODUCERS IN CHINA, 2004 (%) 20
TABLE 23 GLOBAL VOLUME MARKET AND AVERAGE PRICE FOR FERMENTATION DERIVED CITRIC ACID BY APPLICATIONS, THROUGH 2009 (THOUSAND TONS AND $/KG) 21
TABLE 24 GLOBAL MARKET VALUE FOR FERMENTATION DERIVED CITRIC ACID BY APPLICATION, THROUGH 2009 ($ MILLIONS) 22
TABLE 25 GLOBAL DEVELOPMENT OF GLUCONIC ACID CONSUMPTION, 1985-2004 (THOUSAND TONS) 23
TABLE 26 GLOBAL CONSUMPTION OF GLUCONIC ACID BY APPLICATION, 2004 (THOUSAND TONS) 23
TABLE 27 PRICES FOR GLUCONIC ACID, DEPENDING ON THE APPLICATION, 2004 24
TABLE 28 GLOBAL MARKET VALUE STRUCTURE OF GLUCONIC ACID BY APPLICATIONS, 2004 ($ MILLIONS) 25
TABLE 29 MARKET SHARES OF GLUCONIC ACID PRODUCERS, 2004 (%) 25
TABLE 30 CURRENT AND FUTURE GLOBAL DEMAND FOR GLUCONIC ACID BY APPLICATION, THROUGH 2009 ($ MILLIONS) 27
TABLE 31 GLOBAL DEVELOPMENT OF LACTIC ACID CONSUMPTION, 1990-2004 (THOUSAND TONS) 28
TABLE 32 STRUCTURE OF GLOBAL CONSUMPTION OF LACTIC ACID BY APPLICATION, 2004 (THOUSAND TONS) 28
TABLE 33 STRUCTURE OF THE GLOBAL MARKET VALUE, VOLUME AND AVERAGE PRICE FOR LACTIC ACID BY APPLICATIONS,
2004 29
TABLE 34 MARKET SHARES OF MAJOR LACTIC ACID PRODUCERS, 2004 (%) 30
TABLE 35 CURRENT AND FUTURE GLOBAL DEMAND FOR LACTIC ACID BY APPLICATIONS, THROUGH 2009 (THOUSAND TONS) 31
TABLE 36 CURRENT AND FUTURE PRICES FOR LACTIC ACID BY APPLICATIONS, THROUGH 2009 ($/KG) 32
TABLE 37 CURRENT AND FUTURE GLOBAL VALUE FOR LACTIC ACID BY APPLICATIONS, THROUGH 2009 ($ MILLIONS) 32
TABLE 38 GLOBAL MARKET VALUE OF ORGANIC ACIDS BY TYPE, THROUGH 2009 ($ MILLIONS) 35
TABLE 39 GLOBAL DEVELOPMENT OF LYSINE CONSUMPTION, 1993-2004 (THOUSAND TONS) 36
TABLE 40 DEVELOPMENT OF LYSINE CONSUMPTION BY REGION, 2000-2004 (THOUSAND TONS) 37
TABLE 41 PRICE DEVELOPMENT OF LYSINE, 1998-2004 ($/KG) 38
TABLE 42 DEVELOPMENT OF LYSINE GLOBAL MARKET VALUE, VOLUME AND AVERAGE PRICE, 2000-2004 (THOUSAND TONS, $/KG AND $ MILLIONS) 39
TABLE 43 GLOBAL DEVELOPMENT OF AJINOMOTO' S LYSINE PRODUCTION BY REGION, 2001-2004 (THOUSAND TONS) 39
TABLE 44 GLBOAL DEVELOPMENT KYOWA' S LYSINE PRODUCTION BY REGION, 2001-2004 (THOUSAND TONS) 40
TABLE 45 GLOBAL DEVELOPMENT OF ADM, BASF, AND DEGUSSA' S LYSINE PRODUCTION BY REGION, 2001-2004 (THOUSAND
TONS) 40
TABLE 46 GLOBAL DEVELOPMENT OF LYSINE PRODUCTION OF OTHER COMPANIES BY REGION, 2001-2004 (THOUSAND TONS) 40
TABLE 46 (CONTINUED) 41
TABLE 47 MARKET SHARES OF LYSINE PRODUCERS, 2004 (THOUSAND TONS, %) 41
TABLE 48 CURRENT AND FUTURE GLOBAL DEMAND FOR LYSINE BY REGION, THROUGH 2009 ($ MILLIONS) 43
TABLE 49 GLOBAL LYSINE INDUSTRY STRUCTURE FORECAST, THROUGH 2009 44
TABLE 50 GLOBAL DEVELOPMENT OF THREONINE CONSUMPTION, 1990-2004 (THOUSAND TONS) 44
TABLE 51 USE OF THREONINE FOR FEED BY REGION, 2004 (THOUSAND TONS) 45
TABLE 52 GLOBAL THREONINE MARKET VALUE BY REGION AND APPLICATIONS, 2004 ($ MILLIONS) 46
TABLE 53 MARKET SHARE OF THREONINE PRODUCERS, 2004 (THOUSAND TONS, %) 47
TABLE 54 THREONINE INDUSTRY STRUCTURE FORECAST - VALUE, VOLUME, AVERAGE PRICE - BY APPLICATIONS, THROUGH 2009 48
TABLE 54 (CONTINUED) 49
TABLE 55 GLOBAL DEVELOPMENT OF TRYPTOPHAN CONSUMPTION, 1990-2004 (TONS) 49
TABLE 56 CONSUMPTION OF TRYPOTOPHAN BY APPLICATION AND REGION, 2004 (TONS) 50
TABLE 57 PRICE DEVELOPMENT OF TRYPTOPHAN BY APPLICATION, 1995-2004 ($/KG) 50
TABLE 58 STRUCTURE OF TRYPTOPHAN MARKET VALUE BY REGION AND APPLICATIONS, 2004 ($ MILLIONS) 51
TABLE 59 GLOBAL TRYPTOPHAN INDUSTRY STRUCTURE FORECAST - VALUE, VOLUME AND AVERAGE PRICE - BY APPLICATIONS, THROUGH 2009 52
TABLE 60 DEVELOPMENT OF GLOBAL MSG CONSUMPTION, 1985-2004 (MILLION TONS) 53
TABLE 61 MSG CONSUMPTION BY GEOGRAPHIC AREA, 2004 (MILLION TONS) 53
TABLE 62 MARKET VALUE OF MSG BY REGION, 2004 ($ MILLIONS) 54
TABLE 63 MARKET SHARE OF MSG PRODUCERS IN EUROPE, NORTH AMERICA, AND LATIN AMERICA, 2004 (THOUSAND TONS, %) 54
TABLE 64 MARKET SHARE OF MSG PRODUCERS IN ASIA, EXCLUDING CHINA, 2004 (THOUSAND TONS, %) 55
TABLE 65 MARKET SHARE OF MSG PRODUCERS IN CHINA, 2004 (THOUSAND TONS, %) 55
TABLE 66 MARKET SHARES OF MSG PRODUCERS, 2004 (THOUSAND TONS, %) 56
TABLE 67 CURRENT AND FUTURE DEMAND FOR MSG BY REGION, THROUGH 2009 ($ MILLIONS) 58
TABLE 68 GLOBAL MSG INDUSTRY STRUCTURE FORECAST - VALUE, VOLUME AND AVERAGE PRICE, THROUGH 2009 58
TABLE 69 FORECAST FOR THE GLOBAL MARKET VALUE OF FERMENTATION- DERIVED AMINO ACIDS BY TYPE, THROUGH 2009 ($ MILLIONS) 59
TABLE 70 DEVELOPMENT OF GLOBAL XANTHAN CONSUMPTION, 1986-2004 (TONS) 60
TABLE 71 GLOBAL XANTHAN CONSUMPTION BY APPLICATION, 2004 (TONS) 61
TABLE 72 XANTHAN CONSUMPTION BY REGION, 2004 (TONS) 61
TABLE 73 DEVELOPMENT OF XANTHAN PRICES, 1986-2004 ($/KG) 62
TABLE 74 GLOBAL XANTHAN MARKET VALUE, VOLUME AND AVERAGE PRICE, 1990-2004 62
TABLE 75 MARKET SHARE OF XANTHAN PRODUCERS BY REGION, 2004 (THOUSAND TONS, %) 63
TABLE 76 XANTHAN INDUSTRY STRUCTURE FORECAST - VALUE, VOLUME AND PRICE, THROUGH 2009 65
TABLE 77 EXAMPLES OF ENZYME CATEGORIES AND THEIR SPECIFIC APPLICATIONS 66
TABLE 78 GLOBAL DEVELOPMENT OF THE MARKET VALUE OF INDUSTRIAL ENZYMES BY APPLICATIONS, 1994-2004 ($ MILLIONS) 67
TABLE 79 STRUCTURE OF INDUSTRIALENZYME USE BY TYPE IN THE DETERGENT SECTOR BY REGION, 2004 ($ MILLIONS) 67
TABLE 80 STRUCTURE OF INDUSTRIAL ENZYME USE BY TYPE IN THE TEXTILE AND LEATHER SECTOR BY REGION, 2004 ($
MILLIONS) 68
TABLE 81 STRUCTURE OF INDUSTRIAL ENZYME USE BY TYPE IN THE FOOD SECTOR BY REGION, 2004 ($ MILLIONS) 68
TABLE 82 STRUCTURE OF INDUSTRIAL ENZYME USE BY TYPE IN THE FEED SECTOR BY REGION, 2004 ($ MILLIONS) 69
TABLE 83 MARKET SHARES OF ENZYME PRODUCERS WITH SPECIALTIES, 2004 (%) 70
TABLE 84 CURRENT AND FUTURE GLOBAL DEMAND FOR INDUSTRIAL ENZYMES BY APPLICATIONS, THROUGH 2009 ($ MILLIONS) 72
TABLE 85 GLOBAL DEVELOPMENT OF RIBOFLAVIN CONSUMPTION BY APPLICATION, 1989-2004 (TONS) 74
TABLE 86 DEVELOPMENT OF (PURE) VITAMIN B2 (RIBOFLAVIN) PRICES, 1989-2004 ($/KG) 74
TABLE 87 STRUCTURE OF RIBOFLAVIN MARKET VALUE BY APPLICATIONS, 2004 ($ MILLIONS) 75
TABLE 88 MARKET SHARES OF RIBOFLAVIN PRODUCERS, 2004 (TONS, %) 75
TABLE 89 CURRENT AND FUTURE GLOBAL DEMAND FOR RIBOFLAVIN BY APPLICATIONS, THROUGH 2009 ($ MILLIONS) 77
TABLE 90 GLOBAL DEVELOPMENT OF VITAMIN B12 CONSUMPTION BY APPLICATION, 1995-2004 (TONS) 78
TABLE 91 PRICE DEVELOPMENT OF VITAMIN B12, 1989-2004 ($/KG) 79
TABLE 92 DEVELOPMENT OF GLOBAL MARKET VALUE OF B12 BY APPLICATIONS, 2000-2004 ($ MILLIONS) 79
TABLE 93 MARKET SHARES OF B12 PRODUCERS, 2004 ($ MILLIONS, %) 80
TABLE 94 GLOBAL CURRENT AND FUTURE DEMAND FOR VITAMIN B12 BY APPLICATIONS, THROUGH 2009 ($ MILLIONS) 81
TABLE 95 DEVELOPMENT OF GLOBAL ASCORBIC ACID CONSUMPTION, 1990-2004 (THOUSAND TONS) 82
TABLE 96 GLOBAL ASCORBIC ACID CONSUMPTION BY APPLICATION, 2004 (THOUSAND TONS, %) 82
TABLE 97 CONSUMPTION OF ASCORBIC ACID BY REGION, 2004 (THOUSAND TONS, %) 83
TABLE 98 PRICE DEVELOPMENT OF CRYSTALLINE ASCORBIC ACID, 1990-2004 ($/KG) 84
TABLE 99 STRUCTURE AND DEVELOPMENT OF ASCORBIC ACID MARKET VALUE, VOLUME AND AVERAGE PRICE, 1995-2004 84
TABLE 100 MARKET SHARES OF VITAMIN C PRODUCERS, 1985-2004 (%) 85
TABLE 101 PRODUCTION AND MARKET SHARE OF VITAMIN C BY CHINESE COMPANIES, 2004 (THOUSAND TONS, %) 86
TABLE 102 ASCORBIC ACID INDUSTRY STRUCTURE FORECAST - VOLUME, VALUE AND AVERAGE PRICE, THROUGH 2009 87
TABLE 103 DEVELOPMENT OF ERYTHORBIC ACID GLOBAL CONSUMPTION, 2000-2004 (TONS) 88
TABLE 104 DEVELOPMENT OF ERYTHORBIC ACID PRICES, 1995-2004 ($/KG) 88
TABLE 105 STRUCTURE OF ERYTHOROBIC ACID MARKET VALUE BY REGION, 2004 ($ MILLIONS) 89
TABLE 106 MARKET SHARES OF ERYTHORBIC ACID PRODUCERS, 2004 (TONS, %) 89
TABLE 107 CURRENT AND FUTURE GLOBAL VALUE, VOLUME AND AVERAGE PRICE OF ERYTHORBIC ACID, THROUGH 2009 91
TABLE 108 OVERVIEW OF GLOBAL MARKET FOR FERMENTATIONDERIVED FINE CHEMICALS BY TYPE BY APPLICATION SEGMENT, 2004 ($ MILLIONS) 93
TABLE 109 OVERVIEW OF MARKET FOR FERMENTATION-DERIVED FINE CHEMICALS BY REGION, 2004 ($ MILLIONS) 94
TABLE 109 (CONTINUED) 95
TABLE 110 OVERVIEW OF GLOBAL MARKET FOR FORECAST FOR FERMENTATION-DERIVED FINE CHEMICALS BY APPLICATION SEGMENT, 2009 ($ MILLIONS) 95
TABLE 111 OVERALL MARKET SHARES OF FERMENTATIONDERIVED FINE CHEMICAL PRODUCERS, 2004 ($ BILLIONS, MILLION TONS, %) 96
TABLE 112 EXAMPLES OF BACTERIA AND FUNGI IN USE FOR FERMENTATIONS 100
TABLE 113 CARBOHYDRATE CONVERSION RATES FOR FERMENTATION PRODUCTS BY SELECTED FERMENTATION PROCESSES (%) 101
TABLE 114 CARBOHYDRATE DEMAND FOR THE FERMENTATION OF REVIEWED PRODUCTS, 2004 (TONS) 102
TABLE 115 PRODUCTION OF MAJOR FERMENTATION-DERIVED PRODUCTS BY REGION, 2004 (THOUSAND TONS) 103
TABLE 116 CARBOHYDRATE DEMAND FOR MAJOR FERMENTATIONDERIVED PRODUCTS BY REGION, 2004 (THOUSAND TONS) 103
TABLE 117 PRODUCTION COSTS FOR SOME FERMENTATION PRODUCTS AND THE RELEVANCE OF CARBOHYDRATE COSTS, 2004 105
TABLE 118 DEVELOPMENT OF MOLASSES PRODUCTION BY COUNTRY OF ORIGIN, 1998-2004 (MILLION TONS) 106
TABLE 119 DEVELOPMENT OF MOLASSES USE BY REGION, 2004 (MILLION TONS) 107
TABLE 120 DEVELOPMENT OF MOLASSES PRICES, 1992-2004 ($/TON) 107
TABLE 121 GLUCOSE CONVERSION RATES OF VARIOUS STARCHCONTAINING GRAINS AND TUBERS 109
TABLE 122 DEVELOPMENT OF GLOBAL GLUCOSE PRODUCTION FOR FERMENTATION AND FOOD, 1992-2004 (MILLION TONS) 109
TABLE 123 USE OF GLUCOSE FOR FERMENTATION AND FOODS BY REGION, 2004 (MILLION TONS) 110
TABLE 124 DEVELOPMENT OF CORN, CORN OIL, CORN GLUTEN, AND CORN GLUTEN FEED MEAL PRICES, 1985-2004 ($/TON) 111
TABLE 125 U.S. PRODUCTION COSTS FOR CORN-DERIVED GLUCOSE, 2004 111
TABLE 126 DEVELOPMENT OF GLUCOSE PRICES IN THE U.S., 1990-2004 (FERMENTATION GRADE, LIQUID, DIRECT. USD/T DRY WEIGHT) 112
TABLE 127 EU PRODUCTION COSTS OF GLUCOSE FROM WHEAT, 2004 112
TABLE 128 DEVELOPMENT OF WHEAT AND GLUCOSE PRICES IN THE EU, 1987-2004 ($/TON) 113
TABLE 129 OVERVIEW OF SACCHAROSE PRICES APPLICABLE TO FERMENTATION BY REGION, 2004 ($/TON) 115
TABLE 130 DEVELOPMENT OF GRAIN (WHEAT AND CORN) HARVESTS BY REGION, THROUGH 2003 (MILLION TONS) 116
TABLE 131 PRICE DEVELOPMENT FORECAST FOR FERMENTATIONGRADE GLUCOSE/DEXTROSE, THROUGH 2009 ($/TON) 117

LIST OF FIGURES

SUMMARY FIGURE:

GLOBAL MARKET FOR FERMENTATION PRODUCTS BY CATEGORY, 2004 AND 2009 ($ MILLIONS) XXVII
FIGURE 1 MARKET SHARES OF MAJOR CRUDE ANTIBIOTICS PRODUCERS, 2004 (%) 12
FIGURE 2 CURRENT AND FUTURE DEMAND FOR FERMENTATIONDERIVED CRUDE ANTIBIOTICS BY REGION, 2004 AND 2009 ($ MILLIONS) 14
FIGURE 3 MARKET SHARES OF CITRIC ACID PRODUCERS, 2004 (%) 19
FIGURE 4 GLOBAL MARKET VALUE FOR FERMENTATION DERIVED CITRIC ACID BY APPLICATIONS, 2004 AND 2009 ($ MILLIONS) 22
FIGURE 5 MARKET SHARES OF GLUCONIC ACID PRODUCERS, 2004 (%) 26
FIGURE 6 CURRENT AND FUTURE GLOBAL DEMAND FOR GLUCONIC ACID BY APPLICATION, 2004 AND 2009 ($ MILLIONS) 27
FIGURE 7 MARKET SHARES OF MAJOR LACTIC ACID PRODUCERS, 2004 (%) 30
FIGURE 8 CURRENT AND FUTURE GLOBAL VALUE OF LACTIC ACID BY APPLICATIONS, 2004 AND 2009 ($ MILLIONS) 33
FIGURE 9 GLOBAL MARKET VALUE OF ORGANIC ACIDS BY TYPE, 2004 AND 2009 ($ MILLIONS) 35
FIGURE 10 MARKET SHARES OF LYSINE PRODUCERS, 2004 (%) 42
FIGURE 11 MARKET SHARES OF THREONINE PRODUCERS, 2004 (%) 47
FIGURE 12 MARKET SHARES OF MSG PRODUCERS, 2004 (%) 57
FIGURE 13 GLOBAL MARKET VALUE FORECAST FOR FERMENTATION- DERIVED AMINO ACIDS BY TYPE, 2004 AND 2009 ($ MILLIONS) 59
FIGURE 14 MARKET SHARE OF XANTHAN PRODUCERS, 2004 (%) 64
FIGURE 15 MARKET SHARES OF ENZYME PRODUCERS, 2004 (%) 70
FIGURE 16 CURRENT AND FUTURE GLOBAL DEMAND FOR INDUSTRIAL ENZYMES BY APPLICATIONS, 2004 AND 2009 72
FIGURE 17 MARKET SHARES OF RIBOFLAVIN PRODUCERS, 2004 (%) 76
FIGURE 18 CURRENT AND FUTURE GLOBAL DEMAND FOR RIBOFLAVIN BY APPLICATIONS, 2004 AND 2009 ($ MILLIONS) 77
FIGURE 19 MARKET SHARES OF B12 PRODUCERS, 2004 (%) 80
FIGURE 20 GLOBAL CURRENT AND FUTURE DEMAND FOR VITAMIN B12 BY APPLICATIONS, 2004 AND 2009 ($ MILLIONS) 81
FIGURE 21 MARKET SHARES OF VITAMIN C PRODUCERS, 2004 (%) 85
FIGURE 22 MARKET SHARES OF ERYTHORBIC ACID PRODUCERS, 2004 90
FIGURE 23 OVERVIEW OF GLOBAL MARKET FOR FERMENTATIONDERIVED FINE CHEMICALS BY TYPE BY APPLICATION SEGMENT, 2004 ($ MILLIONS) 94
FIGURE 24 OVERALL MARKET SHARES OF FERMENTATION PRODUCT PRODUCERS BY VALUE, 2004 (% OF TOTAL VALUE) 97
FIGURE 25 OVERALL MARKET SHARES OF FERMENTATION PRODUCT PRODUCERS BY VOLUME, 2004 (% OF VOLUME) 98
FIGURE 26 CARBOHYDRATE DEMAND FOR THE FERMENTATION OF SOME REVIEWED PRODUCTS, 2004 (THOUSAND TONS) 102
FIGURE 27 CARBOHYDRATE DEMAND FOR MAJOR FERMENTATIONDERIVED PRODUCTS BY REGION, 2004 (THOUSAND TONS) 104
FIGURE 28 PRODUCTION PROCESS FOR GLUCOSE SYRUPS 108
FIGURE 29 DEVELOPMENT OF GLUCOSE PRICES IN THE EU AND U.S., 1992-2004 ($ MILLIONS) 114

World Markets for Fermentation Ingredients

Table of Contents

INTRODUCTION XX

SUMMARY XXV

OVERVIEW OF MAIN FERMENTATION CATEGORIES AND PRODUCTS 1

FERMENTATION OF AMINO ACIDS 36

INDUSTRIAL ENZYMES 66

SUMMARY OF THE INDUSTRY STRUCTURE OF FERMENTATIONDERIVED FINE CHEMICALS 93

RELEVANCE OF CARBOHYDRATES FOR FERMENTATION PRODUCTS 99

LIST OF TABLES

SUMMARY TABLE:

LIST OF FIGURES

SUMMARY FIGURE: