Fermentation Chemicals Market Sales, Supply, Future, Opportunity and Forecast to 2027

0
2K

Market Summary

The global market for fermentation chemicals stood at USD 61.22 million in 2020 and is projected to exhibit a CAGR of over 5.3% during the forecast period owing to the growing adoption of organic food and beverages across the globe. Also, the demand for fermentation chemicals is increased in the production of ethanol, which is used as an oxygenate in reformulated gasoline. The restriction on the use of methyl tert-butyl ether (MTBE) in North America and Europe is a major factor that has increased the adoption of ethanol, which is expected to propel the demand for fermentation chemicals during the forecast period.

Competitive Analysis

The key players operating in the global Fermentation Chemicals Market are Amano Enzyme Inc (Japan), AB Enzymes (Germany), Evonik Industries AG (Germany), EUROSANEX (Spain), Koninklijke DSM N.V. (The Netherlands), Cargill, Incorporated (US), BASF SE (Germany), Archer Daniels Midland Company (US), Ajinomoto Co., Inc (Japan), Chr. Hansen Holding A/S (Denmark), Novozymes (Denmark), DowDuPont (US), INVISTA (US).

Segment Analysis

The global fermentation chemicals market is segmented based on product type and application. By product type, the global market has been segmented into alcohols & ketones, amino acids, industrial enzymes, organic acids, and others. Alcohols & ketones consist of ethanol, butanol, BDO, and acetone. The segment accounted for a major share of over 30% of the global market in 2018 and is expected to follow the trend during the forecast period. Alcohols are majorly used in the production of various food, such as bread and pickles, as well as beverages. The increase in consumption of alcoholic beverages and preference for heavy and on-the-go breakfast regime are factors expected to boost the demand for fermentation chemicals during the forecast period. The use of enzymes as active ingredients in detergents, industrial cleaners, and pre-treatment of biofuels is also expected to boost the demand for the product. The growing concerns regarding the depletion of oil reserves and inflating fuel prices are expected to increase the demand for the product in biofuel production during the forecast period.

Based on application, the global market has been divided into food & beverages, plastics & fibers, nutritional & pharmaceuticals, industrial application, cosmetic & toiletry, and others. The plastic & fiber segment accounted for the largest market share and is expected to maintain its dominance throughout the forecast period. The growth is attributed to the growing concern among government bodies and other agencies regarding non-degradable plastics. The imposition of ban on single-use plastics by various government bodies such as European Commission and ASTM International is promoting the use of biodegradable plastics, which is expected to fuel the growth of the industrial fermentation process. For instance, starch-based plastics are majorly used in various end-use industries such as automotive, agriculture, and packaging.

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com 

Buscar
Patrocinados
Categorías
Read More
Other
VoIP Market Size, Analysis, Company Revenue, Sales
VoIP Market 2022 The global market for VoIP services should grow from $85.2 billion in 2021...
By Sangita Sahani 2022-05-07 05:00:19 0 2K
Health
Bliss Rise CBD Gummies Analgesics: uses, Treatment, Risks!
👇꧁༺✨❗𝐎𝐅𝐅𝐈𝐂𝐈𝐀𝐋 𝐖𝐄𝐁𝐒𝐈𝐓𝐄 ❗✨༻꧂👇 https://ketogenicgummies.com/Get-BlissriseCBDGummies  ...
By Keto Gummies For Pain 2024-02-15 08:18:36 0 1K
Party
American Laser Med Spa - Corpus Christi: Your Ultimate Guide to Aesthetic Treatments in Texas
  Welcome to American Laser Med Spa - Corpus Christi, where we provide a comprehensive...
By HQ3 Services 2024-06-13 13:01:12 0 1K
Art
C-THR83-2205 Exam Vce, SAP C-THR83-2205 Reliable Dumps | C-THR83-2205 Reliable Test Questions
2023 Latest ValidVCE C-THR83-2205 PDF Dumps and C-THR83-2205 Exam Engine Free Share:...
By Fycaqi Fycaqi 2023-02-09 02:02:25 0 1K
Other
Offshore Company Service Provider in India | Industry Experts
Industry Experts  providing industry setup consultant and offshore service provider in India...
By Industry Experts 2022-09-14 09:07:57 0 2K