The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
Fermentation Chemicals Market Size, Growth Rate, And Forecast
The global fermentation chemicals market size is expected to grow from $63.23 billion in 2022 to $67.49 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global fermentation chemicals market size is expected to grow to $84.88 billion in 2027 at a CAGR of 5.9%.
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Fermentation Chemicals Market Drivers
The rising demand for alcohol and non-alcoholic beverages is expected to propel the fermentation chemicals market. Alcoholic beverages are drinks containing ethanol, commonly referred to as alcohol, whereas a non-alcoholic beverage refers to a drink with little or no alcohol. Yeasts turn carbohydrates into alcohol during the fermentation process.
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Fermentation Chemicals Market Segments
1) By Product Type: Alcohols, Amino Acids, Industrial Enzymes, Organic Acids, Other Product Types
2) By Form: Liquid, Powder
3) By Application: Food And Beverages, Plastics And Fibers, Nutritional And Pharmaceuticals, Industrial Application, Cosmetic And Toiletry, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Fermentation Chemicals market.
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Fermentation Chemicals Market Key Players
Major players in the fermentation chemicals market are Ajinomoto Company Inc., AB Enzymes, BASF SE, Amano Enzymes Inc., The Dow Chemical Company, Archer Daniels Midland Company, Novozymes A/S, Cargill Incorporated, Evonik Industries AG, Du Pont Danisco A/S, Koninklijke DSM N.V., Chr. Hansen Holding A/S, LanzaTech Inc., MicroBiopharm Japan Co Ltd., and Novasep.
The Business Research Company’s “Global Fermentation Chemicals Market Report 2023” is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market’s historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Fermentation Chemicals Market Include:
1. Executive Summary
2. Fermentation Chemicals Market Characteristics
3. Fermentation Chemicals Market Trends And Strategies
4. Fermentation Chemicals Market – Macro Economic Scenario
5. Fermentation Chemicals Market Size And Growth
27. Fermentation Chemicals Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Fermentation Chemicals Market
29. Fermentation Chemicals Market Future Outlook and Potential Analysis
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