Fermentation Chemicals Market Analysis by Size, Share, Growth, Trends Up To 2024

Fermentation Chemicals Market Analysis by
Size, Share, Growth, Trends Up To 2024
“Growing demand for scent products for example perfumes, scents, and creams will drive
the business infiltration above the approaching years. Furthermore, better-quality
process of production along with the technical inventions to upsurge the demand for
merchandises by way of greater purity levels will take an advanced influence on the
market.”
The global Fermentation Chemicals Market is projected to grow at a significant CAGR during the forecast period. The
demand for fermentation chemical alone in the U.S. is anticipated to double in 2019 as the companies are constantly
seeking out for chemicals resulting out of renewable sources of energy. Globally, ethanol dominates the fermentation
chemical demand that is primarily used in production for reformulated gasoline. Demand for ethanol has doubled in
recent years and is anticipated to grow more.
Fermentation chemicals market is driven by rise in demand for production fruit wine, alcohol and alcoholic beverages. In
addition, the market receives a significant attention in the pharmaceutical, food and beverages, cosmetic and chemical
applications. Significant demand for acids in the plastics & fibers domain leads in a positive market growth for the
forecast period. Stringent regulations and policy framework is likely to result in eco-friendly nature of fermentation
chemicals. Product segment for fermentation chemicals market comprise organic acids, enzymes and alcohols.
Application category for fermentation chemicals industry entail food & beverages, industrial application,
pharmaceutical, nutritional, fibers and plastics.
Fermentation chemicals market is geographically segmented into North America, South America, Europe, Asia-Pacific,
Middle East and Africa. North America dominates the market growth accounting for a higher share in the
pharmaceutical industry and emphasize as a green industry. It portrays a significant potential for growth factor in the
near future owing to rapid expansion in food & beverages, plastics and pharmaceutical domain. Asia-Pacific regions are
anticipated to rise higher due to significant industrialization in emerging economies and higher demand for ready to eat
as well as bakery products.
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The key players profiled in the fermentation chemicals industry are BASF SE, Ajinomoto Company, Enzyme Inc, The Dow
Chemical Company, AB Enzymes, Archer Daniels Midland Company, Cargill Inc, Du Pont Danisco A/S, Novozymes A/S,
Evonik Industries, AG Chr, Invista, Hansen A/S and LanzaTech.
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Market Segment:
Global Fermentation Chemicals Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
• Organic acids
• Alcohols
• Enzymes
• Others
Global Fermentation Chemicals Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
• Plastics & Fibers
• Industrial
• Pharmaceutical & Nutritional
• Food & Beverages
• Others
Global Fermentation Chemicals Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
• North America
• U.S.
• Europe
• Germany
• France
• UK
• Asia Pacific
• India
• Japan
• China
• Central & South America
• Middle East & Africa
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