The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global fermentation chemicals market is experiencing robust growth, poised to elevate from $63.23 billion in 2022 to $67.49 billion in 2023. This surge is characterized by a commendable Compound Annual Growth Rate (CAGR) of 6.7%. Looking ahead, the market is forecasted to reach $84.88 billion by 2027, maintaining a steady CAGR of 5.9%.

Spirits and Sips: Driving Forces Behind Fermentation Chemicals Market

Fermentation Chemistry in Beverage Boom

• Market Propeller:The primary catalyst for the fermentation chemicals market lies in the escalating demand for both alcoholic and non-alcoholic beverages.
• Alcohol and Non-Alcoholic Beverages:The fermentation process, facilitated by yeasts and fermentation chemicals, plays a pivotal role in the production of alcoholic beverages by converting carbohydrates into alcohol. Meanwhile, the rising trend of non-alcoholic beverages further propels the demand for fermentation chemicals.
• Market Dynamics:Noteworthy statistics from Pattern Inc. and the Beverage Information Group affirm this trend. In 2021, the demand for non-alcoholic beverages witnessed a remarkable 52% increase compared to 2020. Additionally, alcohol consumption in the United States grew by 45 million cases in 2020.

Market Giants: Ajinomoto, BASF, Novozymes, and More

• Industry Leaders:Dominating the fermentation chemicals market are major players such as Ajinomoto Company Inc., AB Enzymes, BASF SE, and Novozymes A/S.

Technological Symphony: A Melody of Advancements

Locus Performance Ingredients™ Harmonizes with Ferma™

• Key Trend:Technological advancements take center stage, defining a key trend in the fermentation chemicals market. Companies are vigorously pursuing innovative solutions to fortify their market presence.
• Ferma™ Unveiling:A notable example is the launch of Ferma™ by Locus Performance Ingredients™ in August 2020. This product boasts a pure sophorolipid family of biosurfactants, providing safer and more sustainable component solutions with significantly enhanced performance. Ferma™ facilitates a 37% reduction in carbon footprint and supports personal care formulators by offering adaptable, bio-based, and GMO-free ingredients.

Comprehensive Segmentation: Navigating the Fermentation Landscape

1) By Product Type

• Alcohols and Ketones, Amino Acids, Industrial Enzymes, Organic Acids, Other Product Types:
  • Diverse product types cater to various industrial needs, offering versatility in applications.

2) By Form

• Liquid, Powder:
  • Segmentation based on the form of fermentation chemicals, providing options tailored to specific preferences and applications.

3) By Application

• Food and Beverages, Plastics and Fibers, Nutritional and Pharmaceuticals, Industrial Application, Cosmetic and Toiletry, Other Applications:
  • Application-based segmentation highlights the wide-ranging uses of fermentation chemicals across various sectors, from food and beverages to cosmetics and toiletries.

Regional Dynamics: North America Leads, Asia-Pacific Surges

• Regional Landscape:North America emerges as the largest region in the fermentation chemicals market in 2022. However, Asia-Pacific is positioned to be the fastest-growing region during the forecast period, showcasing remarkable potential for market expansion.

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The Fermentation Chemicals Global Market Report 2023  provides an overview of the fermentation chemicals market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The fermentation chemicals market forecast analyzes fermentation chemicals market size, fermentation chemicals market share, leading competitor and their market positions.

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