Global research report called Fermentation Chemicals market was recently published by Reports and Data. to provide guidance for the business. The new research study on Fermentation Chemicals market sheds light on the current scope as well as on the upcoming opportunities in the future. To understand the structure of global trading, the report also gives statistical data on local consumption and global consumption. The report also focuses on global major leading industry players of Fermentation Chemicals market providing information such as company profiles, product picture and specification, price, capacity, cost, production, revenue and contact information.
Additionally, it discusses effective plans and development strategies, with tables and figures helping analyze worldwide Fermentation Chemicals market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
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Further key findings from the report suggest
- Alcohol fermentation dominated the market with over 50% of the market share in 2020 and is estimated to have a growth rate of 4.8% in the forecast period. Increase in use of alcohols in industrial applications is anticipated to boost the market demand.
- Increase in alcohol consumption mainly in countries like China, Thailand, India, and Australia together with other markets such as Brazil, Mongolia, Montenegro, and the Caribbean is likely to propel the market growth during the forecast period. Alcohols are also used widely in the making of bread, pickles, and cheese.
- Industrial applications contributed to the largest market share with more than 45% of the market share in 2020 and is estimated to have a CAGR of 5.2% in the forecast period.
- The market dominance of industrial applications may be attributed to the application of chemicals for manufacturing products like ethanol, acetic acid, and citric acid. Several products derived are used in the form of additives into food as antioxidants, preservatives, colors, flavors, and vitamins, and are found to be more desirable than food additives produced chemically.
- North America dominated the market with around 35% of the market share in 2020 and is expected to grow at a rate of 5.1% in the forecast period. Fermentation chemical market in North America is rising owing to the growth of the pharmaceutical and alcohol industry.
- Key participants include BASF SE, Archer Daniels Midland Company, Cargill Inc., The Dow Chemical Company, AB Enzymes, Chr. Hansen A/S, DSM, Ajinomoto Co. Inc., Novozymes A/S, and Evonik Industries AG among others.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/fermentation-chemicals-market
For the purpose of this report, Reports and Data have segmented global fermentation chemicals market on the basis of product type, form, applications, and region:
Product Type Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- Alcohol Fermentation
- Organic Acids
- Lactic Acid
- Citric Acid
- Gluconic Acid
- Acetic Acid
Form Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
Applications Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- Industrial Applications
- Food & Beverages
- Nutritional & Pharmaceuticals
- Plastics & Fibers
Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- North America
- Asia Pacific
- Latin America
Conclusively, all aspects of the Fermentation Chemicals market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
Explore Reports and Data’s Prime Analysis of the global Materials and Chemicals Industry:
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