Fermentation Chemicals Market To Surpass US$ 91,921.1 Million By 2027
High demand from the alcohol industry is primarily fueling the market growth of fermentation chemicals. Alcohol is produced by using fermentation process which is carried out by fermentation chemicals. Fermented alcohol is the largest consumer of fermentation chemicals. Increasing consumption of alcohol is augmenting the market growth of these chemicals. Moreover, the growing demand for biofuels around the globe is again anticipated to foster the market growth of fermentation chemicals. Get More Insights (at) https://www.coherentmarketinsights.com/market-insight/fermentation-chemicals-market-4268
High demand from the alcohol industry is primarily fueling the market growth of fermentation chemicals. Alcohol is produced by using fermentation process which is carried out by fermentation chemicals. Fermented alcohol is the largest consumer of fermentation chemicals. Increasing consumption of alcohol is augmenting the market growth of these chemicals. Moreover, the growing demand for biofuels around the globe is again anticipated to foster the market growth of fermentation chemicals.
Get More Insights (at) https://www.coherentmarketinsights.com/market-insight/fermentation-chemicals-market-4268
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<strong>Market</strong> Size (2019)<br />
<strong>US$</strong> 60,123.9<br />
MN<br />
CAGR (2020 –<br />
<strong>2027</strong>)<br />
5.4%<br />
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Segmentation (Scope)<br />
<strong>By</strong> Type<br />
Alcohols<br />
Enzymes<br />
Organic Acid<br />
Others<br />
<strong>By</strong> Application<br />
Industrial Application<br />
Food & Beverages<br />
Nutritional & Pharmaceuticals<br />
Plastics & Fibers<br />
Others<br />
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Major Drivers<br />
<br />
Growing demand for<br />
fermentation chemicals<br />
from the pharmaceutical<br />
industry.<br />
<br />
Growing research &<br />
development applications is<br />
propelling the market<br />
growth of the fermentation<br />
chemicals.<br />
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NORTH<br />
AMERICA<br />
<strong>Market</strong> Size<br />
<strong>US$</strong> 20,442.1 MN<br />
<br />
CAGR<br />
4.8%<br />
Major Driver<br />
Growing pharmaceutical and alcohol industry in<br />
the region drives the overall growth of the market.<br />
Major Driver<br />
<br />
ASIA<br />
PACIFIC<br />
<strong>Market</strong> Size<br />
<strong>US$</strong> 15,932.8 MN<br />
CAGR<br />
6.5%<br />
Growing population in the region is creating an<br />
increasing demand for food. <strong>Fermentation</strong> chemicals are<br />
widely used as a preservatives and additives across food<br />
& beverage industry.<br />
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Major Players<br />
Ajinomoto Company Incorporation<br />
Cargill Incorporation<br />
Amano Enzyme Inc.<br />
DSM<br />
7Novozymes A/S<br />
BASF SE<br />
Du Pont Danisco A/S<br />
Archer Daniels Midland Company<br />
AB Enzymes<br />
Evonik Industries AG<br />
Dow <strong>Chemicals</strong><br />
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Global <strong>Fermentation</strong> <strong>Chemicals</strong> <strong>Market</strong>,<br />
Revenue Share (%), <strong>By</strong> Type, in 2019<br />
53.6%<br />
?<br />
?<br />
?<br />
Alcohols Enzymes Organic<br />
Acids<br />
Others<br />
© Coherent © Coherent <strong>Market</strong> <strong>Market</strong> Insights. All All Rights Rights Reserved Reserved
Global <strong>Fermentation</strong> <strong>Chemicals</strong> <strong>Market</strong><br />
– Opportunity Analysis<br />
Opportunity<br />
Analysis<br />
Rising demand for food<br />
& beverage industry<br />
globally<br />
Growing application of<br />
green chemistry<br />
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