Global Fermentation Chemicals Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2019–2028
“Global Fermentation Chemicals Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global fermentation chemicals market report has been segmented as per product type, application, and region.
Global Fermentation Chemicals Market: Overview
Fermentation chemicals are used in fermentation process that helps in increasing the pace of the process. These chemicals act as process-enhancing chemicals or catalysts and are used as a very essential raw material in the alcohol industry. In addition, fermentation chemicals are a necessary ingredient in the production of green bio-based products. Many industries including food & beverages, pharmaceuticals, cosmetics, and others are using fermentation chemicals at a large level for maintaining the smooth flow of production process.
Global Fermentation Chemicals Market: Dynamics
Rapid industrialization across different countries and growing number of industries including pharmaceuticals, cosmetics, food & beverages, and others are major factors projected to drive growth of the global fermentation chemicals market. In addition, increasing adoption of these chemicals in alcohol industry and increasing consumption of alcoholic beverages across the globe. These are some of the major factors expected to boost growth of the target market.
Increasing use of fermentation chemicals by pharmaceutical manufacturers in the production of steroids and antibiotics and its rising adoption in the cosmetic and personal care industry for the production of different personal care products. These are other factors projected to support growth of the target market during the forecast period. In addition, increasing adoption of these chemicals among various industries for many applications including plastic and fibers, industrial, and others is another factor expected to proliferate growth of the global fermentation chemicals market.
Furthermore, increasing focus of major manufacturers towards the use of bio-based raw materials and increasing production of green bio-based products due to rising environmental concern. These are other factors expected to propel growth of the target market in the near future.
However, high costs coupled with the complex fermentation processes is a key factor projected to hamper growth of the global fermentation chemicals market.
Global Fermentation Chemicals Market: Segment Analysis
Among the product type segments, the alcohols segment is projected to register highest growth in the target market, owing to increasing use of alcohols by young population.
Among the application segments, the food and beverages segment is expected to register lucrative growth in the global fermentation chemicals market, owing to increasing adoption of different fermentation chemicals in food and beverages industry.
Global Fermentation Chemicals Market: Region Analysis
The North America fermentation chemicals market accounted for highest revenue share in the global market and is expected to dominate the target market over the forecast period. This is due to high presence of pharmaceuticals, cosmetic products, and food and beverage manufacturers in countries. Market in Asia Pacific is expected to register substantial growth in the global market followed by market in Europe. High adoption of personal care products and high consumption of alcoholic beverages in countries in these regions. The market in Latin America and Middle East & Africa are estimated to register moderate growth in terms of revenue.
Global Fermentation Chemicals Market Segmentation:
Segmentation by Product Type:
- Organic Acids
Segmentation by Application:
- Food and Beverages
- Plastic and Fibers
- Pharmaceuticals and Nutritional
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2017 Estimated Year 2018 Forecast Period 2018–2028 Revenue in US$
- Koninklijke DSM N.V.
- Amano Enzyme Inc.
- BASF SE
- The Dow Chemical Company
- AB Enzymes GmbH
- Archer-Daniels-Midland Company
- Evonik Industries AG
- Hansen Holding A/S
- Cargill Inc.
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