📞  +1 (855) 661-4441(US)   📞  +44 1720 412 167(UK)

Fermentation Chemicals Market to Demonstrate a Strong Growth Over 2032

Pune, India, May 2019, MRFR Press Release/- Market Research Future has Published a Half-Cooked Research Report on the Global Fermentation Chemicals Market.

Market Summary

The global market for fermentation chemicals stood at USD 55.9 billion in 2022 and is projected to exhibit a CAGR of over 5.30% during the forecast period owing to the growing adoption of organic food and beverages across the globe. Also, the demand for fermentation chemicals is increased in the production of ethanol, which is used as an oxygenate in reformulated gasoline. The restriction on the use of methyl tert-butyl ether (MTBE) in North America and Europe is a major factor that has increased the adoption of ethanol, which is expected to propel the demand for fermentation chemicals during the forecast period.

Segment Analysis

The global fermentation chemicals market is segmented based on product type and application. By product type, the global market has been segmented into alcohols & ketones, amino acids, industrial enzymes, organic acids, and others. Alcohols & ketones consist of ethanol, butanol, BDO, and acetone. The segment accounted for a major share of over 30% of the global market in 2018 and is expected to follow the trend during the forecast period. Alcohols are majorly used in the production of various food, such as bread and pickles, as well as beverages. The increase in consumption of alcoholic beverages and preference for heavy and on-the-go breakfast regime are factors expected to boost the demand for fermentation chemicals during the forecast period. The use of enzymes as active ingredients in detergents, industrial cleaners, and pre-treatment of biofuels is also expected to boost the demand for the product. The growing concerns regarding the depletion of oil reserves and inflating fuel prices are expected to increase the demand for the product in biofuel production during the forecast period.

Based on application, the global market has been divided into food & beverages, plastics & fibers, nutritional & pharmaceuticals, industrial application, cosmetic & toiletry, and others. The plastic & fiber segment accounted for the largest market share and is expected to maintain its dominance throughout the forecast period. The growth is attributed to the growing concern among government bodies and other agencies regarding non-degradable plastics. The imposition of ban on single-use plastics by various government bodies such as European Commission and ASTM International is promoting the use of biodegradable plastics, which is expected to fuel the growth of the global fermentation chemicals market. For instance, starch-based plastics are majorly used in various end-use industries such as automotive, agriculture, and packaging.

Competitive Analysis

The key players operating in the global fermentation chemicals market are Amano Enzyme Inc (Japan), AB Enzymes (Germany), Evonik Industries AG (Germany), EUROSANEX (Spain), Koninklijke DSM N.V. (The Netherlands), Cargill, Incorporated (US), BASF SE (Germany), Archer Daniels Midland Company (US), Ajinomoto Co., Inc (Japan), Chr. Hansen Holding A/S (Denmark), Novozymes (Denmark), DowDuPont (US), INVISTA (US).

Get Full Information About This Report: Fermentation Chemicals Industry


Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Report details
Base Year 2019
Companies Covered 15
Pages 140
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.