Fermentation processes, products, and economic aspects are summarized according to the product classes of primary metabolites, secondary metabolites, biomass, enzymes (and whole cell biocatalysts), and biologicals. Although the information is focused on aerobic stirred tank processes, anaerobic, bubble column, and/or immobilized production techniques are referenced where applicable. Advantages of biochemical production over strictly synthetic processes are discussed. The history of fermentation is described at time periods of pre‐1700s, 1700s–1900, 1900–1945, 1945–1960, 1960–1970, 1970–1995, and 1995 to the present. This progression is followed by an overview of microbiological and fermentation principles, equipment requirements, inoculum development and scale‐up techniques, utilities, and regulatory considerations. Throughout this article specific product and process examples are included.