The global fermentation chemicals market size was USD 71.16 Billion in 2022 and is expected to register a revenue CAGR of 6.7% during the forecast period, according to the latest analysis by Emergen Research. The global shift toward a bio-based economy and rising environmental concerns are major factors driving the market revenue growth. End-use companies are rapidly shifting from petrochemical-based products to bio-based alternatives produced through fermentation. In addition, consumers in various countries are becoming conscious of the environmental and health impacts of petrochemical-based products. This awareness is creating a high demand for bio-based and eco-friendly alternatives produced through fermentation.
Furthermore, the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.
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Key companies operating in the Fermentation Chemicals market include:
BASF SE, Novozymes, DuPont, DSM, Amano Enzyme Inc., AB Enzymes, Evonik Health Care, Cargill, Incorporated, Ajinomoto Co., Inc., ADM
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Fermentation Chemicals market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Key Benefits of the Report:
- Comprehensive analysis of the competitive scenario and its changing dynamics
- Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
- In-depth 8-year analysis of the Global Fermentation Chemicals Market
- Critical understanding of the key market segments
- Comprehensive analysis of the drivers, restraints, trends, and opportunities
- Detailed regional analysis and extensive company profiling
- Extensive assessment of current and emerging trends of the market
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Fermentation Chemicals Market Segmentation:
-
Product Outlook (Revenue, USD Billion; 2019-2032)
- Alcohols
- Enzymes
- Other Products
-
Application Outlook (Revenue, USD Billion; 2019-2032)
- Food & Beverages
- Nutritional & Pharmaceutical
- Plastics & Fibers
- Others
-
Regional Outlook (Revenue, USD Billion; 2019–2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of MEA
- North America
Fermentation Chemicals Market Segmentation by Regions:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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