Fermentation Chemicals Market Size Worth $134.41 Billion By 2032 | CAGR: 6.6%

Fermentation Chemicals Market Size Worth $134.41 Billion By 2032 | CAGR: 6.6%

The global fermentation chemicals market size is expected to reach USD 134.41 billion by 2032, according to a new study by Polaris Market Research. The report “Fermentation Chemicals Market Share, Size, Trends, Industry Analysis Report, By Product (Alcohols, Enzymes, Organic Acids, and Others); By Application; By Region; Segment Forecast, 2024-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The increasing need to reduce the overall manufacturing time through accelerating rates, the emerging trend for creating sustainable solvents, and the increased concerns about the growing carbon emissions & the degradability of petrochemical products are primary factors offering significant growth in the market. In addition, the rise in the R&D investments by private and government organizations for product development and manufacturing capacity expansion across the globe has paved the way for higher adoption and proliferation of the product.

For instance, in April 2022, Kothari Fermentation & Biochem Limited introduced their new Yeast Extract Powder & Mono Oligo Saccharides, mainly developed for pharmaceutical and food products, including low-calorie food, nutritional filler, fermentation substrate biotech, and others.

Moreover, with the growing consumer awareness regarding personal care and cleanliness, there has been a drastic change in individuals buying preferences and a shift towards the longer lifespan and advanced products that have encouraged market players to opt for fermentation chemicals in manufacturing their products.

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In recent years, various industries are gradually shifting towards fermentation chemicals as an effective alternative to petroleum-derived and synthetic chemicals, and different large pharmaceutical companies are conducting more research to create novel medicines by cultivating microorganisms. Moreover, with the development and growth of the green industry, high penetration for bio-based feedstock, and stringent government regulations towards reducing harmful greenhouse gas emissions, there has been an upsurge in the need for the product globally.

Moreover, the creation and optimization of the microbial cell factories and fermentation processes enable the development of several novel solutions which help address various societal challenges, including creating a sustainable food supply with low or negligible greenhouse emissions. With the emerging trend and popularity of plant-based foods and meat and dairy substitutes in the food sector, the role of fermentation chemicals is significantly increasing, as it enables or allows the production of scalable and sustainable production of valuable foods and several food ingredients.

Fermentation Chemicals Market Report Highlights

  • Alcohols segment accounted for largest market share in 2022, which is highly driven by its growing adoption across large range of industrial applications and penetration for alcohols in pharmaceutical sector
  • Food & beverages segment is expected to grow at a highest CAGR over the projected period, on account of increasing consumer awareness towards the quality and production process of the daily consuming products
  • North America region dominated the global market in 2022, which is mainly accelerated by large number of high-income countries and increased consumer disposable income in the region
  • The global key market players include Amano Enzymes, Cargill Inc., Daniels Midland Company, DuPont Danisco, AB Enzymes, & Dow Chemical Company

Polaris Market Research has segmented the Fermentation Chemicals market report based on product, application, and region:

Fermentation Chemicals, Product Outlook (Revenue - USD Billion, 2019 - 2032)

  • Alcohols
  • Enzymes
  • Organic Acids
  • Other Products

Fermentation Chemicals, Application Outlook (Revenue - USD Billion, 2019 - 2032)

  • Industrial Application
  • Food & Beverages
  • Nutritional and Pharmaceutical
  • Plastic and Fibers
  • Other Applications

Fermentation Chemicals, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa