Fermentation Chemical Market Report 2019-2029
Forecast by Type (Alcohol, Enzymes, Organic Acids), by Application (Industrial, Plastics & Fibers, Nutritional & Pharmaceuticals, Food & Beverages), by Regions & Leading National Markets Plus Leading Company Profiles
Fermentation chemicals are used as the alcohol industry’s vital raw material. The method of fermentation generates ethanol, the primary chemical used in alcohol and alcoholic beverage manufacturing. Therefore, increasing demand of alcohol is projected to drive the demand of fermentation chemicals over the projected period. Furthermore, imposing rigid regulatory legislation in developing economies is anticipated to play a crucial part in stimulating market growth over the forecast period. Major companies are focusing on bio-based raw materials to decrease the reliance on petrochemical products. The main variables driving the transition to bio-based chemicals are rising crude oil prices combined with increasing worries about carbon pollution and the degradability of petrochemical-based goods.
The main products obtained from fermentation chemicals include alcohols, enzymes and organic acids. Alcohols are commonly used In bread, pickles, cheese and alcoholic beverages. Increasing alcohol intake is anticipated to drive development over the forecast era, especially in Asia Pacific markets such as India, China, and Japan. The primary driver of enzyme consumption is its use in a broad variety of chemical and industrial applications. Enzymes are used in detergents as an active ingredient. Among all the product type, Alcohol holds the major market revenue share of about 50% and organic acids is estimated to be the fastest growing product type in the global fermentation chemical industry.
Food and beverage application is projected to display fastest growth over the foreseeable future. Increasing population is directly proportional to the consumption of food products hence, fermentation chemical plays a vital role in the production of various dairy products and supplements.
Leading companies featured in the Fermentation Chemicals Market Report 2019-2029 report include Amano Enzyme Inc., BASF SE, The Dow Chemical Company, Archer Daniels Midland, Cargill Inc., Ajinomoto Company Incorporation, DuPont Danisco A/S, Evonik Industries., Novozymes A/S, Koninklijke DSM N.V., Chr. Hansen A/S, AB Enzymes.
The report on the Fermentation Chemicals Market Report 2019-2029 will be of value to anybody who wants to know the market size of fermentation chemicals in 2029 and the growth rate of the market. The report will also guide about various market drivers, restraints and various opportunities for the fermentation chemicals across the globe. Furthermore, report also include what are various regulatory scenario and market dynamics for various types and application. This report will best suit to people who are already into this industry and are looking to expand into value chain of fermentation chemicals.
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