The global fermentation chemicals market is expected to register a CAGR of around 5% during 2025, according to a new report published by IMARC Group. Fermentation chemicals are made using vegetable feedstock, such as corn, sugar and starch. They aid in minimizing the fermentation time and energy consumption, thereby reducing the overall manufacturing cost. Consequently, they are widely utilized in the pharmaceuticals and nutraceuticals industries. Nowadays, fermentation chemicals are also used as a sustainable alternative in the production of various chemicals and food products across the globe.
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The stringent policies imposed by governments of several countries on account of rising environmental concerns are increasing the demand for bio-based products across various end use industries. This, in turn, is bolstering the fermentation chemicals market growth. These chemicals are used as raw materials in the production of bioplastics, biofuels, polymers and composites. Moreover, rising crude oil prices, along with the increasing awareness among individuals about carbon emissions, represents another growth-inducing factor propelling the market growth. Furthermore, the growing health concerns among individuals are escalating the demand for dairy products, which is expected to drive the market growth in the coming years.
Competitive Landscape
The report has also examined the competitive landscape of global fermentation chemicals market
- BASF SE
- AB Enzymes
- Ajinomoto Co. Inc. (TYO: 2802)
- Amano Enzymes Inc.
- Archer Daniels
- Midland Company (ADM),
- Cargill Incorporated
- Hansen A/S
- DSM
- Evonik Industries AG
- Novozymes A/S
- The Dow Chemical Company
- Koch Industries Inc. (Invista BV)
Key Segments of the Report:
Breakup by Product:
- Alcohol
- Enzymes
- Organic Acids
- Others
Breakup by Form:
- Liquid
- Powder
Breakup by Application:
- Industrial Applications
- Food and Beverages
- Nutritional and Pharmaceuticals
- Plastics and Fibers
- Others
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Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Key highlights of the report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Competitive Structure
- Profiles of Key Players
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Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally—our estimates about the latest market trends and forecast values after considering the impact of this pandemic.
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