The global fermentation chemicals market size was valued at USD 64.08 billion in 2021 and is poised to grow at a significant CAGR of 5.3% during the forecast period 2022-28. This market report studies global fermentation chemicals market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, this global report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to evaluate the market competition. Fermented food products which can prevent disease on a global level, improve health and enhance nutrition will need constant fermentation methods, food safety testing and assessment of nutritional compositions. Fermentation process is advantageous to extend shelf-life for beverages and foods; however this process can enhance nutritional properties in an efficient and secure way. Traditional methods are now replaced with specific technologies in several economies for the fermented foods production and an emerging industrial practice enables for high quality standardization of food products in the market.

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There are some leading factors bolstering the market growth are the growing demand for alcoholic beverages, increasing number of industrial applications, rising environmental issues, increasing manufacturing of antibiotics and steroids and growing demand from end user industries. Increasing consumption of these products and the changes in fermentation processes fuels the demand for market. Moreover, improved importance of bio-products is providing huge growth opportunity for the market. On the other hand, factors including side effects of using such chemicals and high costs are hampering the market growth.  

 

The global fermentation chemicals market segmentation:

  • By Product: Alcohols, Enzymes, Organic Acids and Others
  • By Form: Powder and Liquid
  • By Application: Food & Beverages, Industrial, Pharmaceutical & Nutritional, Plastics & Fibers, Distillery, Detergent and Others

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Asia Pacific accounted for major share in the Global Fermentation Chemicals Market

Global fermentation chemicals market report aims at providing complete outlook on fermentation chemicals across the globe by covering leading regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Among these regions, Asia Pacific got larger revenue share in the global fermentation chemicals market with significant CAGR rate because of growth of major end-use industries in emerging economies. A few other factors responsible for the growth of market are growing food and beverages industry in countries and increasing per-capita of middle-class disposable income levels. In addition, North America got significant market share during future period due to the growing demand for enzymes from different industrial applications in the region and strong presence of leading key players.

 

Competitive Analysis - Global Fermentation Chemicals Market

Major players working in the global fermentation chemicals market are AB Enzymes (Germany), Ajinomoto Co., Inc. (Japan), Amano Enzyme Inc. (Japan), Archer Daniels Midland Co. (U.S) and BASF SE (Germany).

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