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Fermentation Chemicals Market Size By Product (Dairy products, Alcoholic Beverages, Organic Acid, Alcohols & Ketones, Industrial Enzymes, Biopolymers), By End-Use & Global Forecast, 2023-2032

  • Report ID: GMI4028
  • Published Date: Feb 2023
  • Report Format: PDF

Fermentation Chemicals Market Size

Fermentation Chemicals Market size surpassed USD 98.5 billion in 2022 and is projected to expand at 5.5% CAGR from 2023 to 2032.

Fermentation Chemicals Market

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Frequent use of fermentation chemicals in the food and beverage sector would complement the market growth. These chemicals are used to enhance the taste, increase shelf life, and add multiple health benefits to food products. They help improve digestion and reduce the risk of infectious diseases. Elevated cases of digestive disorders, chronic diseases, and obesity across Europe should boost the demand for healthy food and beverage options, favoring product penetration. As per World Health Organization (WHO) reports, in 2022, almost 59% of adults in Europe were overweight or obese, which is a leading cause of disability or death in the region, amounting to nearly 1.2 million deaths annually.

Stringent rules and regulations by government authorities over waste disposal are likely to impact the fermentation chemicals market demand. Developing countries are undertaking several changes in waste disposal methods. Throughout the fermentation process, antimicrobial agents are used to prevent the growth of unwanted microbes. These agents can potentially impact the environment if not properly discharged. On the contrary, substantial population growth, rising health awareness, and a steady shift towards hygienic practices could boost consumer expenditure on personal hygiene products.

Fermentation Chemicals Market Analysis

Fermentation Chemicals Market Revenue, By Product

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The industrial enzymes segment is estimated to cross USD 67 billion by 2032. Commercial applications for industrial enzymes include the production of chemicals, medicines, biofuels, food and beverage, and consumer goods. These enzymes aid in speeding up reactions to obtain the final product accurately and quickly and are applicable in various end-use industries for making cheese, brewing beer, baking bread, extracting fruit juice, tanning leather, and others. With multiple benefits like quick processing times, low energy requirements, affordability, non-toxic nature, and environmental friendliness, industrial enzymes are set to hold a major market share.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of fermentation chemical was valued at more than USD 98.5 billion in 2022 and is projected to record a 5.5% CAGR from 2023 to 2032.

The food and beverages segment is anticipated to cross USD 49 billion by 2032 as the product is used in the manufacturing of alcoholic beverages including beer, wine, and liquor as well as yogurt pickles, bread, and bakery goods.

The market for fermentation chemical in Europe is expected to observe over 4.5% CAGR from 2023 to 2032 due to the expanding pharmaceutical sector in the EU.

Some of the key players in the market are Cargill, Amano enzymes, Incorporated, Novozymes A/S, BASF SE, Evonik Industries AG, Chr. Hansen A/S, and Dow Chemicals.

Fermentation Chemicals Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 14
  • Tables & Figures: 314
  • Countries covered: 22
  • Pages: 185
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