Press release
Fermentation Chemicals Market 2020 Is Estimated to Reach USD 101.11 billion By 2027 with Global Players Like - AB Enzymes, DuPont, DSM, Ajinomoto Co., Inc., BASF SE, Archer Daniels Midland Company
Market InsightsFermentation chemicals market will reach an estimated valuation of USD 101.11 billion by 2027, while registering this growth at a rate of 5.50% for the forecast period of 2020 to 2027. Fermentation chemicals market report analyses the growth, which is currently being owed to the focus on availability of advanced and innovative product in pharmaceutical industry.
Fermentation chemical is a process that will develop chemical change in organic structure with the help of enzymes also it acts as an activity that brings change in the foodstuff and beverages by consider the growth of microorganism. These microorganism acts as a catalyst that helps in process enhancing chemicals by making fermentation process more economical.
Rising demand from alcohol industry along with investment in research and development of beneficial solutions, adoption of environmentally friendly fermentation chemicals is some of the factor that will accelerate the growth of the market in the forecast period of 2020-2027. On the other hand, evolution of green industry and rising need of bio-based feedstock in industrial manufacturing process will further create new opportunities for the growth of the fermentation chemicals market in the forecast period of 2020-2027.
Availability of raw material substitute along with complex process of fermentation and increasing cost of raw material will hamper the growth of the fermentation chemicals market in the above-mentioned forecast period
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Major Market Players Covered in the Fermentation Chemicals Market Are:
The major players covered in the fermentation chemical market report are AB Enzymes, DuPont, DSM, Ajinomoto Co., Inc., BASF SE, Archer Daniels Midland Company, Cargill, Incorporated; Novozymes, Chr. Hansen Holding A/S, LANZATECH, MicroBiopharm Japan Co., Ltd., Novasep, TCI Chemicals (India) Pvt. Ltd, Biocon among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
BASF SE entered in the natural flavour and fragrances market in September 2019. With the help of fermentation they will improve the quality of natural ingredients and increase their product portfolio. The company will focus on citrus oil component such as nootkatone and velencene which will help the company in producing natural ingredients.
North America dominates the fermentation chemical market due to increasing demand of enzymes in different applications such as paper, personal care and starch while Asia-Pacific region is expected to hold the largest growth rate due to the increasing disposable income of middle class and growth of end-user industries such as food & beverages, pharmaceuticals and others.
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Global Fermentation Chemicals Market Scope and Market Size
Fermentation chemical market is segmented on the basis of product type, form and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
• On the basis of product type, the fermentation chemical market is segmented into alcohol fermentation, enzymes, organic acids and others. Alcohol fermentation has been further segmented into ethanol and others. Organic acids have been further segmented into lactic acid, citric acid, gluconic acid, acetic acid and others.
• Based on form, the fermentation chemical market is segmented into liquid and powder
• The fermentation chemical market is segmented in terms of market value, volume, market opportunities and niches into multiple applications. The application segment for fermentation chemical market include industrial applications, food & beverages, nutritional & pharmaceuticals, plastics & fibers, others.
Regional Analysis
• Middle East and Africa
• North America
• South America
• Europe
• Asia-Pacific
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Strategic Points Covered in Table of Content of Global Fermentation Chemicals Market:
1. Introduction
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. By Component
7. Product Type
8. Delivery
9. Industry Type
10. Geography
11. Company Landscape
12. Company Profiles
13. Related Reports
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
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